Latin America Rice Flour Market is expected to be worth USD 90.91 million in 2024 and is estimated to be growing at a CAGR of 4.68%, reaching USD 114.28 million by 2029
Rice flour is the flour made from finely milled rice. It is good substitute for wheat flour which causes problems in the digestive systems of those who are gluten intolerance. Rice flour is different from rice starch, which is usually produced by steeping rice in lye. Rice flour may be made from either white rice or brown rice. For the making of flour, the husk of rice or paddy is removed and raw rice is obtained, which is then milled to flour. Rice flour can be used as thickening agent in recipes that are refrigerated or frozen since it inhibits liquid separation. Rice has been a staple food source around the world for centuries, especially in eastern cultures. Rice flour also called rice powder, is used to make fresh rice noodles and sweets. It is also used to thicken coconut milk to a rich, smooth and creamy consistency. Rice flour is being used in snacks, bakery, cereals, crackers, chips and coating applications to provide different textures. The rice flour is easily available in most Asian markets. Rising consumption of rice flour, increasing disposable income, changing life style and shift in the taste preferences of consumers, growing Latin America population, increase in consumer awareness about bakery products, rising people awareness, increasing demand for flour that is high in protein and rise of the fast food industry are driving the growth of the Latin America rice flour market. However, limited number of professionals for milling and high cost transport facilities are hindering the growth of the market.
This Research Report on Latin America Rice Flour Market is segmented and sub segmented into following categories
Latin America Rice Flour Market By Product Type
Rice flour has the largest market due to rice in its usage in bakery and sweets.
Latin America Rice Flour Market By Application
animal feed including pet food, non-food applications and others. Non-food applications consist of biomaterials, glue and bioplastics. Other application segments include baby food and roux. Bakery and bread products are the fastest growing applications in the market.
Latin America Rice Flour Market By Region
and remaining countries of South America. The huge rise in spending in the food division has increased the demand for the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.
KEY PLAYERS IN LATIN AMERICA RICE FLOUR MARKET
Key players dominating the Latin America rice flour market are Burapa Prosper, Archer Daniels Midland Company, Thai Flour Industry, Ardent Mills Canada, Rose Brand, ConAgra Foods, Inc, Koda Farms, Associated British Foods plc, Lieng Tong, General Mills Inc, Pornkamon Rice Flour Mills.
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