Rice Snacks Market Scope
Rice is a staple diet for most of the developing regions. One of the most versatile ingredients, it can be cooked as an entree, mains, or dessert. A snack is a simple feed that is ready to cook and to eat. Lunch was a snack in the fields. Synonyms: light meal, bite, refreshment(s), nibble More Synonyms of snack. Snacks that are made by using rice are known as rice snacks which include rice cakes, rice crisps, biscuits, and others made by using heat, pressure, and milling processes for converting the rice grains into rice snacks of different types.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Element Snacks Inc.(United States), General Mills Inc(United States), Kellogg Co. (United States), Lundberg Family Farms(United States), Ricegrowers Ltd(United States), PepsiCo Inc. (United States), Blue Diamond Growers(United States), Sanorice (Netherlands), Umeya Co.(United States), Topco Associates LLC. (United States), KAMEDA SEIKA CO. LTD.(Japan) and . |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Rice Snacks market throughout the predicted period.
Element Snacks Inc.(United States), General Mills Inc(United States), Kellogg Co. (United States), Lundberg Family Farms(United States), Ricegrowers Ltd(United States), PepsiCo Inc. (United States), Blue Diamond Growers(United States), Sanorice (Netherlands), Umeya Co.(United States), Topco Associates LLC. (United States), KAMEDA SEIKA CO. LTD.(Japan) and . are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Rice Snacks market by Type , by Application (Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores and Online Retailers) and Region with country level break-up.
On the basis of geography, the market of Rice Snacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2020 Indian based snacks manufacturing company LT Foods ties up with Japan's largest rice crackers company Kameda Seika a firm to launch rice crackers. The companies together launched they launched a range of rice crackers
In January 2020 with the brand name Kari Kari, that means crunchy in Japanese. LT Foods JV launches Kari Kari' a premium rice snack for the Indian market.
Influencing Trend:
The increasing therapeutic benefits of rice snacks such as promoting digestion, boosting immunity, augmenting skin,
Market Growth Drivers:
The increasing working populations have boosted the demand for the packaged rice snacks market and Growing health and fitness activities and concern towards life is one of the major factors of growth
Challenges:
Excessive intake of rice may lead to diabetes owing to its high glycemic index.
Restraints:
Substitute availability for the rice snacks
Opportunities:
Increasing consumption of rice-based food in developing regions
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Rice Snacks Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry