Asia Pacific Rice-based Products Market

Asia Pacific Rice-based Products Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarkets/Hypermarkets, Online and Others), By Type (Conventional and Organic), By Product, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13512 Publication Date: January-2023 Number of Pages: 78
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Market Report Description

The Asia Pacific Rice-based Products Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).

Consumers' increasing attention to healthy eating and their rising desire for low-calorie snacks are two factors that are anticipated to drive market expansion. In addition, manufacturers of these foods utilize verified & high-quality ingredients because rice is a significant source of energy. As a result, goods like rice-based puddings, noodles, snacks, and other similar items are becoming more popular with customers, which furthers the spread of those goods through online and offline channels.

Growing consumer health consciousness encourages the manufacturing of wholesome food items. Customers who continue to lead busy lives and adhere to traditional work cultures do not engage much in cooking. They prefer ready-to-eat (RTE) meals to cook. As a result, the demand for RTE rice-based products is growing. When choosing ingredients, manufacturers give certification and quality a high priority. Low-sodium and low-sugar snack manufacturers have a wide range of target audiences. Consequently, these factors are propelling the demand for rice-based snacks.

One of the primary elements fostering a favorable outlook for the rice-based products market is the significant increase in the food & beverage sector of the region. In hotels, cafes, and fast-service restaurants, rice noodles are frequently cooked alongside other classic Asian foods, like stir-fries, salads, and soups. Companies are developing health-based ready meals more frequently to meet the unmet demands of people who are health-conscious and lead active healthy lives. For instance, the National Health Innovation Centre (NHIC) was crucial in the commercialization of a concept to produce the first ready-to-eat Asian meals with modified textures for people who have trouble swallowing. This increased the demand for rice and its variants, and it became highly liked in nations like Japan, Singapore, Australia, and New Zealand. All these factors are advancing the growth of the rice-based products market in the region.

The China market dominated the Asia Pacific Rice-based Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28,757.6 Million by 2028. The Japan market is estimated to grow a CAGR of 5.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7% during (2022 - 2028).

Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Online and Others. Based on Type, the market is segmented into Conventional and Organic. Based on Product, the market is segmented into Rice Noodles, Rice Snacks, Rice Cakes, Rice Puddings, Rice Balls and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Rice-based Products Market is Projected to reach USD 276.8 Billion by 2028, at a CAGR of 6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CJ CheilJedang Corporation (Annie Chun’s, Inc.), PepsiCo, Inc. (The Quaker Oats Company), Thai President Foods Plc, Nona Lim, LLC., Lotus Foods Inc., Element Snacks, Ricegrowers Limited, Kameda Seika Co. Ltd., and SanoRice Holding B.V.

Scope of the Study

Market Segments Covered in the Report:

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Online
  • Others

By Type

  • Conventional
  • Organic

By Product

  • Rice Noodles
  • Rice Snacks
  • Rice Cakes
  • Rice Puddings
  • Rice Balls
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • CJ CheilJedang Corporation (Annie Chun’s, Inc.)
  • PepsiCo, Inc. (The Quaker Oats Company)
  • Thai President Foods Plc
  • Nona Lim, LLC.
  • Lotus Foods Inc.
  • Element Snacks
  • Ricegrowers Limited
  • Kameda Seika Co. Ltd.
  • SanoRice Holding B.V.
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