The Global Rice-based Products Market is Estimated to reach $276.8 Billion by 2028, at a CAGR of 6%

Published Date: 21-Feb-2023

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Rice-based Products Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Rice-based Products Market size is expected to reach $276.8 billion by 2028, rising at a market growth of 6.0% CAGR during the forecast period.

The Online segment is showcasing a CAGR of 6.5% during (2022 - 2028). Online distribution platforms offer high ease, which contributes to their growing popularity. Consumers are increasingly using online stores to buy items they need on a daily basis, such as food and drinks. Due to a greater awareness of the need to avoid physical contact with other consumers brought on by the COVID-19 outbreak, consumer preferences also shifted in favor of online purchasing, fueling the segment's rise.

The Conventional segment acquired maximum revenue share in the Global Rice-based Products Market by Type in 2021 thereby, achieving a market value of $227.4 billion by 2028. A crucial element contributing to a larger share of the market is the relative affordability and accessibility of conventional goods compared to organic ones. Additionally, conventional products have a number of benefits, including longer shelf life and others, which increase customer usage. Furthermore, conventional rice is easily available and affordable.

The Rice Cakes segment has shown the growth rate of 6.3% during (2022 - 2028). The rising demand and popularity for rice cakes will likely be complemented by increased product distribution and launches by different brands in this market. For example, a company introduced Kall honey rice and maize cakes. Such launches indicate potential future segment expansion. Furthermore, because they can be used in a variety of recipes and can be used in snacking in between meals, such snacks are becoming more and more popular.

The Asia Pacific market dominated the Global Rice-based Products Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $100.9 billion by 2028. The Europe market is experiencing a CAGR of 5.8% during (2022 - 2028). Additionally, The North America market would display a CAGR of 5.3% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Rice-based Products Market Segmentation

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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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Related Reports:

North America Rice-based Products Market size & Opportunities 2022-2028

Europe Rice-based Products Market & Growth Forecast 2022-2028

Asia Pacific Rice-based Products Market Share & Industry Outlook to 2028

LAMEA Rice-based Products Market Growth, Trends & Forecasts 2022-2028

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