The Packaged Rice Snacks Market Size Will Grow By USD 4.53 Billion From 2021 To 2026: A Descriptive Analysis Of The Customer Landscape, Vendor Assessment And Market Dynamics

NY, January 23, 2023 /PRNewswire/ — The global market for packaged rice snacks It is estimated that the size will increase in $4.53 billion from 2021 to 2026. The market growth momentum will accelerate to a CAGR of 6.32% during the forecast period. The competitive scenario ranks companies based on various performance indicators. Some of the factors considered include companies’ financial performance, growth strategies, product innovations, new product launches, investments, and market share growth, among others. – Buy the report!

Technavio has announced its latest market research report titled Global Packaged Rice Snacks Market

Technavio has announced its latest market research report titled Global Packaged Rice Snacks Market

Global Market for Packaged Rice Snacks: Customer Landscape
To help companies assess and develop growth strategies, the report outlines:

Global Packaged Rice Snacks Market: Vendor Analysis
supplier offers –

  • Bakali Foodstuffs Pty Ltd – The company offers packaged rice snacks such as original rice cakes, multi-seed rice cakes, and unsalted rice cakes.

  • Element Snacks Inc – The company offers packaged rice snacks such as organic dark chocolate coated rice cakes and organic milk chocolate coated rice cakes.

  • HNA Foods Pvt Ltd – The company offers packaged rice snacks called Crispy Rice Thickes.

  • Kellogg Company – The company offers packaged rice snacks, namely Rice Krispies cereal, under the Kellogg’s brand.

  • For details about providers and their offerings:Request a sample report

Supplier Landscape –

The global market for packaged rice snacks is fragmented, with the presence of several sellers. Some prominent vendors offering packaged rice snacks in the market include Bakali Foodstuffs Pty Ltd, Element Snacks Inc, HNA Food Pvt Ltd, Hunter Foods LLC, Kari KariKellogg Co., Lundberg Family Farms, Mars Inc., Natch products and services pvt ltd, NUHEALTH, PepsiCo Inc., PureHarvest, RACIO sro, Ricegrowers Ltd., Riso Gallo SpA, SanoRice Holding BV, SSOM International Foods, Umeya Inc., Vital Health Foods, Wide Faith Foods Co Ltd and others.

Vendors are trying to increase their sales and market share by launching new variants, expanding their production capacity, and launching marketing campaigns to increase consumer awareness. However, they face certain challenges such as the growing consumption of other types of packaged snacks.

Global Market for Packaged Rice Snacks: Segmentation Assessment

Segment Overview
Technavio has segmented the market according to the product (rice cakes, RCCB and rice chips).

  • He rice cakes segment will grow at a significant rate during the forecast period. Some of the common types of rice cakes available in the market are brown rice cake, white rice cake, red rice cake, and black rice cake. The growth of this segment is attributed to factors such as the increasing number of new product launches and the emergence of organic varieties of rice cakes.

Geography Overview
Based on geography, the global market for packaged rice snacks is segmented into APAC, North America, Europe, South AmericaY middle East Y Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global Packaged Rice Snacks market.

  • APAC will account for 84% of the market growth during the forecast period. Japan, Porcelain, IndiaY South Korea are the major contributors to the packaged rice snacks market in the region. Also, the market growth in APAC will be faster than the market growth in other regions. The growth of the market in the region is attributed to factors such as the increasing inclination of consumers towards rice-based food products.

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Global market for packaged rice snacksMarket dynamics

Featured Drivers – He health benefits of packaged rice snacks are driving the growth of the packaged rice snack market. Rice is an important source of energy, as it contains a large amount of whole grain. Packaged rice snacks made with brown rice have significant health benefits. They also contain iron, magnesium, zinc and complex carbohydrates for energy and antioxidant phytochemicals for healthy cells. Therefore, the health benefits offered by rice products will increase the sales of packaged rice snacks, which will contribute to the growth of the packaged rice snacks market.

Key Trends: Plant-Based Diets are a key trend in the packaged rice snack market. These diets are gaining popularity due to health and food safety concerns associated with animal-based food products. Plant-based diets are healthy, providing necessary nutrients such as beneficial plant compounds, vitamins A, C, and E, fiber, and antioxidants. Additionally, the focus on animal welfare, health issues associated with meat consumption, and weight management will support market growth over the forecast period.

Main challenges: product recalls are challenging the growth of the packaged rice snack market. Regulatory bodies and enforcement authorities may close businesses or recall a product that poses a threat to consumer welfare. This can hinder the brand reputation of the providers. This may lead consumers to switch to other types of snacks. This, in turn, can hamper potential market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can affect businesses. Find more information in a sample report!

What are the key data covered in this Packaged Rice Snacks market report:

  • Market CAGR during the forecast period

  • Detailed information on the factors that will drive the growth of the packaged rice snacks market between 2022 and 2026

  • Precise estimation of the market size of packaged rice snacks and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • APAC Packaged Rice Snacks Market Growth, North America, Europe, South AmericaY middle East Y Africa

  • A comprehensive analysis of the competitive market landscape and detailed information about the vendors.

  • Comprehensive analysis of the factors that will challenge the growth of packaged rice snacks market vendors

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Scope of the packaged rice snacks market

Report Coverage

Details

Page number

133

base year

2021

forecast period

2022-2026

Growth momentum and CAGR

Accelerates at a CAGR of 6.32%

Market growth 2022-2026

$4.53 billion

Market structure

Fragmented

Year-on-year growth 2021-2022 (%)

5.24

regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Contribution to the real market

Asia-Pacific at 84%

key countries

United States, Japan, China, South Korea and India

competitive landscape

Leading vendors, vendor market positioning, competitive strategies, and industry risks

Key companies profiled

Bakali Foodstuffs Pty Ltd, Element Snacks Inc, HNA Food Pvt Ltd, Hunter Foods LLC, Kari Kari, Kellogg Co., Lundberg Family Farms, Mars Inc., Natch products and services pvt ltd, NUHEALTH, PepsiCo Inc., PureHarvest, RACIO sro , Ricegrowers Ltd., Riso Gallo SpA, SanoRice Holding BV, SSOM International Foods, Umeya Inc., Vital Health Foods and Wide Faith Foods Co Ltd.

Market dynamics

Analysis of the main market, drivers and obstacles of market growth, analysis of fast and slow growth segments, analysis of the impact and recovery of COVID-19 and future consumer dynamics, and analysis of the market condition for the forecast period.

scope of customization

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

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Table of Contents

1. Executive Summary

2 Market overview

3 Market size

4 Five Forces Analysis

5 Market segmentation by product

6 Customer Landscape

7 Geographic Landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About us
Technavio is a world leading technology research and advisory company. His research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market insights to identify opportunities in existing markets and potentials and assess their competitive positions within changing market scenarios.

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Global Market for Packaged Rice Snacks

Global Market for Packaged Rice Snacks

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