The Latin America, Middle East and Africa Rice-based Products Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
The growing awareness of the health benefits of rice-based food products is a key trend driving the market expansion. More people are becoming health-conscious in general. As a result, there is an increasing need for healthy snacks made with premium ingredients. Vendors have launched a variety of snacks made with natural ingredients like rice, which is packed with nutrients.
The need for wholesome snacks among consumers is expanding, which is driving the rapid expansion of rice snacks' demand. Because rice snacks have a high fiber content that helps to reduce inflammation, improve digestive health, and speed up metabolism, consumers having digestion-related disorders frequently use rice snack items. Consumers with diabetes prefer to eat brown rice snacks that help them in controlling blood sugar levels.
Additionally, as all rice snacks are gluten-free, customers with celiac illnesses also appreciate them, which is expected to increase demand for such wholesome rice snacks in the coming years. Rice snacks, which are thought to calm mood, can improve both mental and physical well-being. These elements all play a significant role in market growth.
The demand for rice-based products in LAMEA is expected to expand, with income serving as the primary driver of this market's expansion. The product demand is especially increasing in Latin American nations like Brazil, Chile, and Peru because there are so many local players. Additionally, rice pudding is also regarded as a traditional food in many nations of the region, like Peru. Since ancient times, rice pudding has been a favorite dessert among Peruvians, and it is still consumed today. Frequently, this meal is offered on holidays like Christmas and Easter. The huge likeability of this product has transformed its development into a ready-to-eat meal or snack in the region. Hence, in the coming years, the rice-based products market will expand significantly in the region.
The Brazil market dominated the LAMEA Rice-based Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,616.5 Million by 2028.The Argentina market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
The growing awareness of the health benefits of rice-based food products is a key trend driving the market expansion. More people are becoming health-conscious in general. As a result, there is an increasing need for healthy snacks made with premium ingredients. Vendors have launched a variety of snacks made with natural ingredients like rice, which is packed with nutrients.
The need for wholesome snacks among consumers is expanding, which is driving the rapid expansion of rice snacks' demand. Because rice snacks have a high fiber content that helps to reduce inflammation, improve digestive health, and speed up metabolism, consumers having digestion-related disorders frequently use rice snack items. Consumers with diabetes prefer to eat brown rice snacks that help them in controlling blood sugar levels.
Additionally, as all rice snacks are gluten-free, customers with celiac illnesses also appreciate them, which is expected to increase demand for such wholesome rice snacks in the coming years. Rice snacks, which are thought to calm mood, can improve both mental and physical well-being. These elements all play a significant role in market growth.
The demand for rice-based products in LAMEA is expected to expand, with income serving as the primary driver of this market's expansion. The product demand is especially increasing in Latin American nations like Brazil, Chile, and Peru because there are so many local players. Additionally, rice pudding is also regarded as a traditional food in many nations of the region, like Peru. Since ancient times, rice pudding has been a favorite dessert among Peruvians, and it is still consumed today. Frequently, this meal is offered on holidays like Christmas and Easter. The huge likeability of this product has transformed its development into a ready-to-eat meal or snack in the region. Hence, in the coming years, the rice-based products market will expand significantly in the region.
The Brazil market dominated the LAMEA Rice-based Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,616.5 Million by 2028.The Argentina market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
- Subscription-based model available
- Guaranteed best price
- 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 LAMEA Rice-based Products Market, by Distribution Channel
1.4.2 LAMEA Rice-based Products Market, by Type
1.4.3 LAMEA Rice-based Products Market, by Product
1.4.4 LAMEA 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. LAMEA Rice-based Products Market by Distribution Channel
3.1 LAMEA Supermarkets/Hypermarkets Market by Country
3.2 LAMEA Online Market by Country
3.3 LAMEA Others Market by Country
Chapter 4. LAMEA Rice-based Products Market by Type
4.1 LAMEA Conventional Market by Country
4.2 LAMEA Organic Market by Country
Chapter 5. LAMEA Rice-based Products Market by Product
5.1 LAMEA Rice Noodles Market by Country
5.2 LAMEA Rice Snacks Market by Country
5.3 LAMEA Rice Cakes Market by Country
5.4 LAMEA Rice Puddings Market by Country
5.5 LAMEA Rice Balls Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Rice-based Products Market by Country
6.1 Brazil Rice-based Products Market
6.1.1 Brazil Rice-based Products Market by Distribution Channel
6.1.2 Brazil Rice-based Products Market by Type
6.1.3 Brazil Rice-based Products Market by Product
6.2 Argentina Rice-based Products Market
6.2.1 Argentina Rice-based Products Market by Distribution Channel
6.2.2 Argentina Rice-based Products Market by Type
6.2.3 Argentina Rice-based Products Market by Product
6.3 UAE Rice-based Products Market
6.3.1 UAE Rice-based Products Market by Distribution Channel
6.3.2 UAE Rice-based Products Market by Type
6.3.3 UAE Rice-based Products Market by Product
6.4 Saudi Arabia Rice-based Products Market
6.4.1 Saudi Arabia Rice-based Products Market by Distribution Channel
6.4.2 Saudi Arabia Rice-based Products Market by Type
6.4.3 Saudi Arabia Rice-based Products Market by Product
6.5 South Africa Rice-based Products Market
6.5.1 South Africa Rice-based Products Market by Distribution Channel
6.5.2 South Africa Rice-based Products Market by Type
6.5.3 South Africa Rice-based Products Market by Product
6.6 Nigeria Rice-based Products Market
6.6.1 Nigeria Rice-based Products Market by Distribution Channel
6.6.2 Nigeria Rice-based Products Market by Type
6.6.3 Nigeria Rice-based Products Market by Product
6.7 Rest of LAMEA Rice-based Products Market
6.7.1 Rest of LAMEA Rice-based Products Market by Distribution Channel
6.7.2 Rest of LAMEA Rice-based Products Market by Type
6.7.3 Rest of LAMEA 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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