Packaged Rice Snacks Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 133

SKU: IRTNTR40269

Snapshot

The packaged rice snacks market share is expected to increase by USD 4.53 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.32%.

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 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 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 the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's 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

The health benefits offered by packaged rice snacks are one of the major drivers impacting the packaged rice snacks market growth. 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 help in reducing the risk of chronic diseases and certain cancer conditions. Hence, the 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 is one of the major trends influencing the packaged rice snacks market growth. 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

Product recalls is one of the major challenges impeding the packaged rice snacks market growth. 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global packaged rice snacks market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the packaged rice snacks market during the forecast period.

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:

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.

Packaged Rice Snacks Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the packaged rice snacks market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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 in 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 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	133
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.32%
Market growth 2022-2026	$ 4.53 billion
Market structure	Fragmented
YoY growth (%)	5.24
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 84%
Key consumer countries	US, Japan, China, South Korea, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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	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, and Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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 2022-2026
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 the Middle East and Africa
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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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Rice cakes - Market size and forecast 2021-2026
- Exhibit 28: Chart on Rice cakes - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Rice cakes - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Rice cakes - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Rice cakes - Year-over-year growth 2021-2026 (%)

5.4 RCCB - Market size and forecast 2021-2026
- Exhibit 32: Chart on RCCB - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on RCCB - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on RCCB - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on RCCB - Year-over-year growth 2021-2026 (%)

5.5 Rice crisps - Market size and forecast 2021-2026
- Exhibit 36: Chart on Rice crisps - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Rice crisps - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Rice crisps - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Rice crisps - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 Japan - Market size and forecast 2021-2026
- Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.11 South Korea - Market size and forecast 2021-2026
- Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

7.12 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 Bakali Foodstuffs Pty Ltd
- Exhibit 93: Bakali Foodstuffs Pty Ltd - Overview
- Exhibit 94: Bakali Foodstuffs Pty Ltd - Product / Service
- Exhibit 95: Bakali Foodstuffs Pty Ltd - Key offerings

10.4 Element Snacks Inc
- Exhibit 96: Element Snacks Inc - Overview
- Exhibit 97: Element Snacks Inc - Product / Service
- Exhibit 98: Element Snacks Inc - Key offerings

10.5 HNA Food Pvt Ltd
- Exhibit 99: HNA Food Pvt Ltd - Overview
- Exhibit 100: HNA Food Pvt Ltd - Product / Service
- Exhibit 101: HNA Food Pvt Ltd - Key offerings

10.6 Kellogg Co.
- Exhibit 102: Kellogg Co. - Overview
- Exhibit 103: Kellogg Co. - Business segments
- Exhibit 104: Kellogg Co. - Key news
- Exhibit 105: Kellogg Co. - Key offerings
- Exhibit 106: Kellogg Co. - Segment focus

10.7 Lundberg Family Farms
- Exhibit 107: Lundberg Family Farms - Overview
- Exhibit 108: Lundberg Family Farms - Product / Service
- Exhibit 109: Lundberg Family Farms - Key offerings

10.8 Mars Inc.
- Exhibit 110: Mars Inc. - Overview
- Exhibit 111: Mars Inc. - Product / Service
- Exhibit 112: Mars Inc. - Key offerings

10.9 PepsiCo Inc.
- Exhibit 113: PepsiCo Inc. - Overview
- Exhibit 114: PepsiCo Inc. - Business segments
- Exhibit 115: PepsiCo Inc. - Key news
- Exhibit 116: PepsiCo Inc. - Key offerings
- Exhibit 117: PepsiCo Inc. - Segment focus

10.10 Ricegrowers Ltd.
- Exhibit 118: Ricegrowers Ltd. - Overview
- Exhibit 119: Ricegrowers Ltd. - Product / Service
- Exhibit 120: Ricegrowers Ltd. - Key offerings

10.11 SanoRice Holding BV
- Exhibit 121: SanoRice Holding BV - Overview
- Exhibit 122: SanoRice Holding BV - Product / Service
- Exhibit 123: SanoRice Holding BV - Key offerings

10.12 SSOM International Foods
- Exhibit 124: SSOM International Foods - Overview
- Exhibit 125: SSOM International Foods - Product / Service
- Exhibit 126: SSOM International Foods - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources

11.5 List of abbreviations
- Exhibit 133: List of abbreviations

food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

Methodology

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.

INFORMATION 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

DATA 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

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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