Technavio has been monitoring the rice flour market and it is poised to grow by 6.55 million t during 2020-2024, progressing at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Rice Flour Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Increasing acceptance of ready-to-eat products among consumers is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 3.32% and the incremental growth of the market is anticipated to be 6.55 million t.
Who are the top players in the market?
Archer Daniels Midland Co., Ardent Mills Co., Associated British Foods Plc, BELOURTHE SA, Bob's Red Mill Natural Foods Inc., General Mills Inc., Ingredion Inc., Pornkamon Rice Flour Mills Co. Ltd., Thai Flour Co.Ltd, and Woodland Foods Ltd., are some of the major market participants.
What is the key market driver?
The awareness about gluten-free products is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 43% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Archer Daniels Midland Co., Ardent Mills Co., Associated British Foods Plc, BELOURTHE SA, Bob's Red Mill Natural Foods Inc., General Mills Inc., Ingredion Inc., Pornkamon Rice Flour Mills Co. Ltd., Thai Flour Co.Ltd, and Woodland Foods Ltd. are some of the major market participants. The awareness about gluten-free products will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Rice Flour Market 2020-2024: Segmentation
Rice Flour Market is segmented as below:
Bakery And Confectionery
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Rice Flour Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The rice flour market report covers the following areas:
Rice Flour Market Size
Rice Flour Market Trends
Rice Flour Market Industry Analysis
This study identifies increasing acceptance of ready-to-eat products among consumers as one of the prime reasons driving the rice flour market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Rice Flour Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist rice flour market growth during the next five years
Estimation of the rice flour market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the rice flour market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of rice flour market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application by Volume
Comparison by Application by volume placement
Bakery and confectionery - Market size and forecast 2019-2024
Breakfast food - Market size and forecast 2019-2024
Baby food - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application by volume
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Archer Daniels Midland Co.
Ardent Mills Co.
Associated British Foods Plc
Bob's Red Mill Natural Foods Inc.
General Mills Inc.
Pornkamon Rice Flour Mills Co. Ltd.
Thai Flour Co.Ltd
Woodland Foods Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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