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NEW YORK , May 4, 2022 /PRNewswire/ -- The "Packaged Rice Snacks Market by Product and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. According to the report, the global packaged rice snacks market will observe an incremental growth of USD 4.16 billion industry between 2020 and 2026, expanding at a CAGR of 5.66% during the forecast period. APAC will emerge as the key market in terms of revenue generation. The region will account for 84% of the global market share over the forecast period.
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The 120-pages report segments the global packaged rice snacks market by product (rice cakes, RCCB, and rice crisps) and geography (APAC, North America , Europe , South America , and MEA).
The rice cakes segment will have the largest share of the market. Rice cake is available in various flavors such as chocolate crunch, white cheddar, apple cinnamon, and caramel corn. Variations of rice cakes are available in different countries. The increasing popularity of rice cakes is encouraging vendors to introduce certified organic variants of rice cakes. For instance, Lundberg Family Farms offers organic variants of caramel rice cakes, brown rice cakes, salted rice cakes, and sweet rice cakes. Besides, the increasing number of new product launches and the emergence of organic varieties of rice cakes are fostering the growth of the segment.
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The market is driven by the health benefits offered by packaged rice snacks. In addition, the increasing number of new product launches is anticipated to boost the growth of the packaged rice snacks market during the forecast period.
Rice snacks are among the healthiest snack variants. They rice snacks made from brown rice, which has significant health benefit as it is rich in fiber, photochemicals, and carbohydrates. Also, these snacks contain iron, magnesium, and zinc. They provide complex carbs for energy and antioxidant phytochemicals for healthy cells. The fiber content in packaged rice snacks helps in reducing inflammation, improving gut health, and boosting metabolism. Moreover, rice is considered to be a significant energy source as it contains a high amount of whole grain. Many such health benefits associated with the consumption of rice snacks are driving the growth of the market.
Download a Sample Report to identify other key drivers, trends, and challenges impacting the growth of the market.
Major Vendors in Packaged Rice Snacks Market:
The global packaged rice snacks market is fragmented with the presence of many vendors offering various products. Vendors operating in the market are trying to increase sales and market share by launching new variants, expanding their production capacity, and launching marketing campaigns to increase awareness among consumers. However, the increasing popularity of other types of packaged snacks and product recalls might challenge their growth.
Technavio identifies the following as the dominant players in the market.
View Our Sample Report for highlights to get more insights into the vendor landscape and other vendor profiles.
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Packaged Rice Snacks Market Scope
Accelerate at a CAGR of 5.66%
APAC, North America, Europe, South America, and MEA
Japan, China, US, India, and South Korea (Republic of Korea)
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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