Tuesday, 02 January 2024 12:17 GMT

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


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NEW YORK, Jan. 23, 2023 /PRNewswire/ --
The global packaged rice snacks market size is estimated to increase by USD 4.53 billion from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 6.32% during the forecast period.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others
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Technavio has announced its latest market research report titled Global Packaged Rice Snacks Market

Global packaged rice snacks market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity

Global packaged rice snacks market – Vendor analysis
Vendor offerings -

  • 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 Topped Rice Cakes and Organic Milk Chocolate Topped Rice Cakes.
  • HNA Food Pvt Ltd -
    The company offers packaged rice snacks named Crispy Rice Thicks.
  • Kellogg Co. - The company offers packaged rice snacks, namely Rice Krispies cereal, under the brand name Kellogg's.
  • For details on vendors and their offerings – request a sample report

Vendor landscape –

The global packaged rice snacks market is fragmented , with the presence of several vendors. A few prominent vendors that offer packaged rice snacks in the market are 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, 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 awareness among consumers. However, they are facing certain challenges such as the increasing consumption of other types of packaged snacks.

Global packaged rice snacks market - Segmentation assessment
Segment overview
Technavio has segmented the market based on product (rice cakes, RCCB, and rice crisps).

  • The 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 packaged rice snacks market is segmented into APAC, North America, Europe, South America, and Middle East and 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's growth during the forecast period. Japan, China, India, and South Korea are the key contributors to the packaged rice snacks market in the region. Moreover, market growth in APAC will be faster than the growth of the market in other regions. The growth of the market in the region is attributed to factors such as the growing consumer inclination toward rice-based food products.

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Global packaged rice snacks market
Market dynamics
Leading drivers -
The health benefits offered by packaged rice snacks are driving the packaged rice snacks market growth. Rice is a major energy source, as it contains a high amount of whole grain. Packaged rice snacks made from brown rice have significant health benefits. They also contain iron, magnesium, zinc, and complex carbs for energy and antioxidant phytochemicals for healthy cells. Hence, the health benefits offered by rice products will increase the sales of packaged rice snacks, which will contribute to the packaged rice snacks market growth.

Key trends -
Plant-based diets

are a key trend in the packaged rice snacks market. Such diets are gaining popularity due to the health and food safety concerns associated with animal-based food products. Plant-based diets are healthy, as they provide necessary nutrients such as beneficial plant compounds, vitamins A, C, and E, fiber, and antioxidants. In addition, the focus on animal welfare, health issues associated with meat consumption, and weight management will support the market growth during the forecast period.

Major challenges -
Product recalls

are challenging the packaged rice snacks market growth. Regulatory bodies and compliance authorities can shut down businesses or recall a product that poses a threat to the well-being of consumers. This can hamper the brand reputation of vendors. This may lead consumers to shift to other types of snacks. This, in turn, may hinder the potential growth of the market during the forecast period.

drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. find more insights in a sample report!

What are the key data covered in this packaged rice snacks market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the packaged rice snacks market between 2022 and 2026
  • Precise estimation of the size of the packaged rice snacks market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the packaged rice snacks market across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of packaged rice snacks market vendors

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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

USD 4.53 billion

Market structure

Fragmented

YoY growth 2021-2022
(%)

5.24

Regional analysis

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

Performing market contribution

APAC at 84%

Key countries

US, Japan, China, South Korea, and India

Competitive landscape

Leading vendors, market positioning of vendors, 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

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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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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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