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The rice flour market size is forecast to increase by USD 328.6 million, at a CAGR of 3.98% between 2023 and 2028. Market expansion hinges on various factors, including heightened awareness regarding gluten-free products, growing consumer acceptance of "Ready-to-Eat" (RTE) items, and escalating demand from emerging markets. These elements collectively shape the trajectory of market growth, reflecting a blend of consumer preferences, dietary trends, and market dynamics. The increasing awareness about gluten-free products underscores the demand for dietary options catering to specific health needs and preferences. Simultaneously, the rising acceptance of RTE products signifies the convenience and time-saving benefits sought by modern consumers. Additionally, the increasing demand from emerging markets highlights the opportunities presented by evolving consumer demographics and economic growth in these regions. Thus, the interplay of these factors delineates the landscape for the anticipated expansion of the market for gluten-free and RTE products.
Furthermore, in the Asia Pacific (APAC) region, the market is experiencing significant growth due to increased demand for extended shelf life and enhanced nutritional profiles. Key contributors to this market include China, India, the Philippines, Thailand, and Vietnam. These countries utilize specialty blends in the production of various daily-use food items, such as noodles, rice cakes, porridge, idly, and dosa. Additionally, Archer Daniels Midland Co. company offers rice flour such as core flour, low carbon flour sourcing, and specialty flours, under the brand HarvestEdge.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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