Strategic Initiatives by Key Market Players and Governments in Europe Rice Flour Market.
Rice flour manufacturers worldwide are investing significantly in strategic development initiatives such as product innovation, mergers & acquisitions, and business expansion to attract consumers and enhance their market position. In October 2021, Cargill launched a rice flour-based maltodextrin substitute, which can be used as a one-to-one replacement for maltodextrin and can also improve mouthfeel.
With the increasing awareness regarding the benefits of a gluten-free diet, consumers are adopting products with gluten-free ingredients. To cater to the demand from consumers, manufacturers are incorporating healthy and gluten-free ingredients into their products. Moreover, governments of various countries are taking significant initiatives to develop products with rice flour as a major ingredient. Thus, product launches and supportive initiatives by government bodies are influencing the growth of the rice flour market.
Europe Rice Flour Market Overview
The Europe rice flour market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The rising demand for comfort food among consumers due to busy lifestyles is a key factor boosting the demand for rice flour, as it is a primary ingredient in various convenience food. Moreover, the shift in consumers' preferences toward processed food with nutritional benefits has led to the adoption of rice flour. It is a rich source of calcium and also prevents the buildup of fat and cholesterol in the liver. Thus, increasing health consciousness among consumers is expected to boost the demand for rice flour in Europe during the forecast period.
According to the data published by the Association of European Coeliac Societies (AOECS), 1 in 100 people is estimated to suffer from coeliac disease in Europe. Furthermore, more than 7 million people are suffering from coeliac disease across the region, with only ~25% of those receiving a diagnosis. Thus, with the increasing incidence of coeliac disease, the demand for gluten-free ingredients such as rice flour is expected to rise in various food and beverage industries such as bakery and confectionery, sweet and savory snacks, etc. Further, there is an increasing demand for organic ingredients as consumers perceive organic products to be healthier than conventional ones. Therefore, manufacturers across the region are incorporating natural and certified organic ingredients in their products to fulfill consumer preferences, which is propelling the rice flour market growth in Europe.
Europe Rice Flour Market Revenue and Forecast to 2030 (US$ Million)
Europe Rice Flour Market Segmentation
The Europe rice flour market is segmented into type, category, application, and country.
Based on type, the Europe rice flour market is segmented into white rice flour and brown rice flour. The white rice flour segment held a larger share of the Europe rice flour market in 2023.
Based on category, the Europe rice flour market is segmented into organic and conventional. The conventional segment held a larger share of the Europe rice flour market in 2023.
Based on application, the Europe rice flour market is segmented into bakery and confectionery, beverages, sweet and savory snacks, baby food, breakfast cereals, and others. The bakery and confectionery centers segment held largest share of the Europe rice flour market in 2023.
Based on country, the Europe rice flour market is segmented into Germany, France, Italy, the UK, Russia, the Rest of Europe. The Rest of Europe dominated the Europe rice flour market in 2023.
Archer-Daniels-Midland Co, BELOURTHE SA, CareMoli SpA, Ebro Foods SA, Ingredion Inc, Kroner-Starke GmBH, Naturis SpA, and PGP International Inc are some of the leading companies operating in the Europe rice flour market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 270.30 Million |
| Market Size by 2030 | US$ 392.95 Million |
| CAGR (2023 - 2030) | 5.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
1. Archer-Daniels-Midland Co
2. BELOURTHE SA
3. CareMoli SpA
4. Ebro Foods SA
5. Ingredion Inc
6. Kroner-Starke GmBH
7. Naturis SpA
8. PGP International Inc
The Europe Rice Flour Market is valued at US$ 270.30 Million in 2023, it is projected to reach US$ 392.95 Million by 2030.
As per our report Europe Rice Flour Market, the market size is valued at US$ 270.30 Million in 2023, projecting it to reach US$ 392.95 Million by 2030. This translates to a CAGR of approximately 5.5% during the forecast period.
The Europe Rice Flour Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Rice Flour Market report:
The Europe Rice Flour Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Rice Flour Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Rice Flour Market value chain can benefit from the information contained in a comprehensive market report.
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