Industry Background:
Instant rice is the rice that has been precooked. Some of them are microwave ready, and some are dehydrated so that they cook more rapidly. Regular rice requires 18–30 minutes to cook however instant rice needs 1–7 minutes. Instant rice is available in white as well as brown varieties, and one can choose between stove-top or microwave preparation to make it. Moreover, it has various advantages such as rapid cooking time. Therefore, instant rice has more demand which is propelling the market growth.
According to AMA Research, the market for Instant Rice is expected to register a CAGR of 5.9% during the forecast period to 2030. This growth is primarily driven by Benefits Such as Lesser Preparation Time
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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 Uncle Ben's (United States), Riviana (United States), Tasty Bite (United States), Minute rice (United States), Periyar Rice (India), McCormick & Company, Inc. (United States), GB foods (Spain) and Nomad foods (United Kingdom), 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 2022, Tasty Bite, an industry leader in instant rice products, announced the addition of new regional flavors for their instant rice cups, drawing inspiration from traditional Indian curries to provide authentic yet tantalizing experiences for rice fans.
In June 2022, Riviana Foods Inc. introduced two new varieties to its Minute Rice Cups product line – Jalapeño Rice and Jasmine Rice & Red Quinoa. These new products offer consumers convenient, flavorful, high-quality rice that can be prepared in just one minute.The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Influencing Trend:
Inclination of Individuals Towards Healthy Foods
Market Growth Drivers:
Benefits Such as Lesser Preparation Time and Changing Lifestyle of People
Challenges:
Reduced Shelf Life of Instant Rice
Restraints:
Availability of Alternative Food Products
Opportunities:
Increased Consumption of Rice in Some Countries and Increased Disposable Income
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 Instant Rice 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 Instant Rice 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 Instant Rice 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, Instant Rice Study Sheds Light on
The Instant Rice Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Instant Rice industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Instant Rice 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.