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.
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.
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.
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
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Rice-based Products Market, by Distribution Channel
1.4.2 Asia Pacific Rice-based Products Market, by Type
1.4.3 Asia Pacific Rice-based Products Market, by Product
1.4.4 Asia Pacific Rice-based Products Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Rice-based Products Market by Distribution Channel
3.1 Asia Pacific Supermarkets/Hypermarkets Market by Country
3.2 Asia Pacific Online Market by Country
3.3 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Rice-based Products Market by Type
4.1 Asia Pacific Conventional Market by Country
4.2 Asia Pacific Organic Market by Country
Chapter 5. Asia Pacific Rice-based Products Market by Product
5.1 Asia Pacific Rice Noodles Market by Country
5.2 Asia Pacific Rice Snacks Market by Country
5.3 Asia Pacific Rice Cakes Market by Country
5.4 Asia Pacific Rice Puddings Market by Country
5.5 Asia Pacific Rice Balls Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Rice-based Products Market by Country
6.1 China Rice-based Products Market
6.1.1 China Rice-based Products Market by Distribution Channel
6.1.2 China Rice-based Products Market by Type
6.1.3 China Rice-based Products Market by Product
6.2 Japan Rice-based Products Market
6.2.1 Japan Rice-based Products Market by Distribution Channel
6.2.2 Japan Rice-based Products Market by Type
6.2.3 Japan Rice-based Products Market by Product
6.3 India Rice-based Products Market
6.3.1 India Rice-based Products Market by Distribution Channel
6.3.2 India Rice-based Products Market by Type
6.3.3 India Rice-based Products Market by Product
6.4 South Korea Rice-based Products Market
6.4.1 South Korea Rice-based Products Market by Distribution Channel
6.4.2 South Korea Rice-based Products Market by Type
6.4.3 South Korea Rice-based Products Market by Product
6.5 Singapore Rice-based Products Market
6.5.1 Singapore Rice-based Products Market by Distribution Channel
6.5.2 Singapore Rice-based Products Market by Type
6.5.3 Singapore Rice-based Products Market by Product
6.6 Malaysia Rice-based Products Market
6.6.1 Malaysia Rice-based Products Market by Distribution Channel
6.6.2 Malaysia Rice-based Products Market by Type
6.6.3 Malaysia Rice-based Products Market by Product
6.7 Rest of Asia Pacific Rice-based Products Market
6.7.1 Rest of Asia Pacific Rice-based Products Market by Distribution Channel
6.7.2 Rest of Asia Pacific Rice-based Products Market by Type
6.7.3 Rest of Asia Pacific Rice-based Products Market by Product
Chapter 7. Company Profiles
7.1 CJ CheilJedang Corporation (Annie Chun’s, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Acquisition and Mergers:
7.2 PepsiCo, Inc. (The Quaker Oats Company)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Thai President Foods Plc
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Kameda Seika Co. Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.5 Ricegrowers Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.6 Nona Lim, LLC
7.6.1 Company Overview
7.7 Element Snacks, Inc.
7.7.1 Company Overview
7.8 Lotus Foods, Inc.
7.8.1 Company Overview
7.9 SanoRice Holding B.V.
7.9.1 Company Overview
Companies Mentioned
- 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.
Methodology
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