Packaged Rice Snacks Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR40269
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The packaged rice snacks market share is expected to increase by USD 4.16 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.66%.

This packaged rice snacks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers packaged rice snacks market segmentation by product (rice cakes, RCCB, and rice crisps) and geography (APAC, North America, Europe, South America, and MEA). The packaged rice snacks market report also offers information on several market vendors, including Element Snacks Inc., Hunter Foods LLC, KAMEDA SEIKA CO. LTD., Kellogg Co., Lundberg Family Farms, Mars Inc., PepsiCo Inc., Ricegrowers Ltd., SanoRice Holding BV, and Tastemorr Snacks - A Division of Basic Grain Products Inc. among others.

What will the Packaged Rice Snacks Market Size be During the Forecast Period?

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Packaged Rice Snacks Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The health benefits offered by packaged rice snacks are notably driving the packaged rice snacks market growth, although factors such as product recalls may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaged rice snacks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Packaged Rice Snacks Market Driver

Rice is considered to be a significant energy source as it contains a high amount of whole grain. Moreover, with the rising awareness about food nutritive value and healthy eating practices, rice snacks are proven to be one of the healthiest snack variants. Packaged rice snacks made from brown rice have significant health benefits as the whole grains provide fiber, photochemical, and carbohydrates. These snacks also contain iron, magnesium, zinc, and complex carbs for energy and antioxidant phytochemicals for healthy cells. Moreover, food products containing brown rice helps in reducing the risk of chronic diseases and certain cancer conditions. Hence, health benefits offered by rice products will increase sales of packaged rice snacks, contributing to the packaged rice snacks market growth.

Key Packaged Rice Snacks Market Trend

 

Plant-based diets are gaining popularity owing to the growing health and food safety concerns associated with animal-based food products. Plant-based diets are healthy as it provides necessary nutrients such as beneficial plant compounds, vitamins A, C, and E, fiber, and antioxidants. The focus on animal welfare, health issues associated with meat consumption, increased focus on weight management, and concerns regarding antibiotic testing on animals have facilitated the shift to plant-based diets across the world, which is one of the key packaged rice snacks market trends.

Key Packaged Rice Snacks Market Challenge

Food regulatory bodies and compliance authorities can shut down businesses or recall packaged rice snacks that pose a threat to the well-being of consumers. Recalls can tarnish the brand reputation of vendors and the acceptance of products among consumers. The presence of allergens and ingredients, which are not listed by the regulatory authorities, is one of the reasons for the recalls of packaged rice snacks. Product recalls in the packaged rice snacks market may lead consumers to shift to other types of snacks. This may hamper the potential growth of the market during the forecast period. 

This packaged rice snacks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Packaged Rice Snacks Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Element Snacks Inc.
  • Hunter Foods LLC
  • KAMEDA SEIKA CO. LTD.
  • Kellogg Co.
  • Lundberg Family Farms
  • Mars Inc.
  • PepsiCo Inc.
  • Ricegrowers Ltd.
  • SanoRice Holding BV
  • Tastemorr Snacks - A Division of Basic Grain Products Inc.

 

This statistical study of the packaged rice snacks market encompasses successful business strategies deployed by the key vendors. The packaged rice snacks market is fragmented and the vendors are deploying growth strategies such as launching new variants, expanding their production capacity, and launching marketing campaigns to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The packaged rice snacks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Packaged Rice Snacks Market?

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84% of the market’s growth will originate from APAC during the forecast period. Japan, China, India, and South Korea (Republic of Korea) are the key markets for packaged rice snacks in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growing consumer inclination toward rice-based food products will facilitate the packaged rice snacks market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Packaged Rice Snacks Market?

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The packaged rice snacks market share growth by the rice cakes segment will be significant during the forecast period. Brown rice cake, white rice cake, red rice cake, and black rice cake are some types of rice cakes available in the market. The increasing number of new product launches and the emergence of organic varieties of rice cakes can accelerate the growth momentum of the market in focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the packaged rice snacks market size and actionable market insights on post COVID-19 impact on each segment.

 

Packaged Rice Snacks Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.66%

Market growth 2021-2025

$ 4.16 billion

Market structure

Fragmented

YoY growth (%)

5.11

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 84%

Key consumer countries

Japan, China, US, India, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Element Snacks Inc., Hunter Foods LLC, KAMEDA SEIKA CO. LTD., Kellogg Co., Lundberg Family Farms, Mars Inc., PepsiCo Inc., Ricegrowers Ltd., SanoRice Holding BV, and Tastemorr Snacks - A Division of Basic Grain Products Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Packaged Rice Snacks Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive packaged rice snacks market growth during the next five years
  • Precise estimation of the packaged rice snacks market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaged rice snacks industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaged rice snacks market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Rice cakes - Market size and forecast 2020-2025
    • RCCB - Market size and forecast 2020-2025
    • Rice crisps - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Element Snacks Inc.
      • Hunter Foods LLC
      • KAMEDA SEIKA CO. LTD.
      • Kellogg Co.
      • Lundberg Family Farms
      • Mars Inc.
      • PepsiCo Inc.
      • Ricegrowers Ltd.
      • SanoRice Holding BV
      • Tastemorr Snacks - A Division of Basic Grain Products Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The packaged rice snacks market growth will increase by $4162.14 million during 2020-2025.
      The packaged rice snacks market is expected to grow at a CAGR of 5.66% during 2020-2025.
      Technavio has segmented the packaged rice snacks market by product (Rice cakes, RCCB, and Rice crisps) and geographic (APAC, North America, Europe, South America, and MEA).
      Element Snacks Inc., Hunter Foods LLC, KAMEDA SEIKA CO. LTD., Kellogg Co., Lundberg Family Farms, Mars Inc., PepsiCo Inc., Ricegrowers Ltd., SanoRice Holding BV, Tastemorr Snacks - A Division of Basic Grain Products Inc. are a few of the key vendors in the packaged rice snacks market.
      APAC will register the highest growth rate of 83.56% among the other regions. Therefore, the packaged rice snacks market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • Japan
      • China
      • US
      • India
      • South Korea (Republic of Korea)
      The key factors driving the packaged rice snacks market growth are:
      • Increasing number of product launches
      The packaged rice snacks market vendors should focus on grabbing business opportunities from the rice cakes segment as it accounted for the largest market share in the base year.
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