Industry Background:
Rice biscuits are one of the emerging type of snacks. These biscuits are usually low in sugar and fat and it is highly included in a healthy diet and eaten occasionally. Though, many people did not perceive it as a healthy snack. They are usually manufactured from refined white rice with very little fiber and protein. These are easily available in online and offline platforms.
According to AMA Research, the market for Rice Biscuits is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by The Increasing Number of Working Populations Have Boosted the Demand for the Packaged Rice Snacks Market
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Element Snacks Inc. (United States), General Mills Inc. (United States), Kellogg Co. (United States), Sanorice (Netherlands), Umeya Co. (United States), Topco Associates LLC. (United States), KAMEDA SEIKA CO. LTD.(Japan), Lundberg Family Farms (United States) and Ricegrowers Ltd. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2024, Clayton Dubilier & Rice announced the completion of its acquisition of Shearer’s Foods (“Shearer’s” or the “Company”), a leading contract manufacturer and private label supplier serving the snack industry in the United States and Canada, from Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”). Terms of the transaction were not disclosed.
In March 2022,Adani Wilmar is betting big on staples and scouting for acquisition of regional rice brands and processing units in several states of the country, a top companyThe companies are exploring in this market in new geographic regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new solution launches, and collaborations as their strategies. The market players are exploring new areas through expansions and acquisitions across the globe to avail a competitive advantage through combined market growth strategies.
Influencing Trend:
Development in Online Channels and Technology Development in Packaging Technology
Market Growth Drivers:
The Increasing Number of Working Populations Have Boosted the Demand for the Packaged Rice Snacks Market and Increase in Concern Related to the Growing Health and Fitness Activities and Concern Towards Life is One of the Major Factors of Growth
Challenges:
Extreme Intake of Rice May Lead to Diabetes Because of its High Glycemic Index
Restraints:
High Presence of Substitute Availability for the Rice Snacks
Opportunities:
Increasing Feasting of Rice-Based Food in Developing Regions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Rice Biscuits Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Rice Biscuits Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Rice Biscuits players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rice Biscuits Study Sheds Light on
The Rice Biscuits Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Rice Biscuits industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rice Biscuits industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.