Packaged Rice Snacks Market worth $2.97 billion by 2030, growing at a CAGR of 4.37% - Exclusive Report by 360iResearch

The "Packaged Rice Snacks Market by Type (Rice Cakes, Rice Crackers, Rice Crisps), Flavours (Original/Plain, Savory, Spicy), Packaging, Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Packaged Rice Snacks Market to grow from USD 2.20 billion in 2023 to USD 2.97 billion by 2030, at a CAGR of 4.37%.

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Packaged rice snacks refer to a diverse category of snack items made primarily from rice as the principal ingredient. These snacks are commercially prepared and sealed in packaging to maintain the food product's freshness and extend shelf life. The range of rice snacks includes products such as rice cakes, rice crisps, rice crackers, and puffed rice snacks, among others. Vacuum packaging, nitrogen flushing, and modified atmosphere packaging(MAP) are commonly used packaging strategies for packaged rice snacks that extend their shelf life and prevent issues such as contamination or sogginess. Increasing consumer knowledge about the health benefits of rice snacks over traditional snacks acts as a significant driver for the growth of packaged rice snacks. Moreover, the busy lifestyles of consumers make pre-packaged, easy-to-consume snacks more appealing, and the rising prevalence of gluten intolerance and celiac disease has shifted consumer preference towards rice-based snacks. However, incidences of product recall of various packaged rice snack products caused by contamination issues or nut allergen issues can raise concerns regarding the safety of the products. Additionally, the complexities in obtaining an appropriate taste profile and existing consumer preference for traditional rice also impede the growth of food products. However, key players are developing new flavor profiles and textures that can broaden consumer appeal. Researching and promoting the specific health benefits of rice snacks, such as low calorie and high fiber content, and designing biodegradable or recyclable packaging to attract environmentally conscious consumers can provide new avenues of growth for the industry.

The Americas region is characterized by the presence of a robust food and beverage industry, with several new food product launches every year, and the high consumer awareness about the benefits of packaged rice snacks has propelled the demand for the food products. Particularly in the U.S. and Canada, the packaged rice snacks market has capitalized on the consumer trend toward gluten-free and non-GMO products. These countries have seen a surge in demand for healthier snack options, witnessing the launch of numerous innovative and flavored rice snack products. APAC represents a crucial region for the growth of the packaged rice snacks market, with countries such as China, Japan, and India leading the way. The demand for packaged rice snacks in this region benefits from a rich cultural heritage of rice consumption, integrated with modern packaging and flavors catering to a broad consumer base. China's market is driven by its large population and the growing middle class, with an increasing preference for convenient and healthier snack options. Meanwhile, India's demand for packaged rice snacks is expanding rapidly due to the rising trend of convenient meals, the expansion of e-commerce channels, and the consumer preference for traditional flavors in contemporary formats. The EMEA region presents a diverse market landscape. EU countries have shown a robust demand for organic and natural snack options, fueled by high health consciousness and regulatory support for clean labels. The EU region is also seeing a surge in the variety of flavors and textures being offered. The Middle East, with its preference for halal and exotic-flavored snacks, is witnessing a growing demand for packaged rice snacks.

Market Segmentation & Coverage:

This research report categorizes the Packaged Rice Snacks Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Rice Cakes, Rice Crackers, and Rice Crisps. The Rice Crackers is projected to witness significant market share during forecast period.

Based on Flavours, market is studied across Original/Plain, Savory, Spicy, and Sweet. The Sweet is projected to witness significant market share during forecast period.

Based on Packaging, market is studied across Bags/Pouches, Boxes, and Single-Serve. The Bags/Pouches is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Convenience Stores, Online Retail Stores, and Supermarkets/Hypermarkets. The Online Retail Stores is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.16% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Packaged Rice Snacks Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Packaged Rice Snacks Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Packaged Rice Snacks Market, highlighting leading vendors and their innovative profiles. These include Annie Chun's, Inc., Bakali Foodstuffs Pty Ltd, Calbee, Crunchmaster, Element Snacks Inc., HNA Food Pvt. Ltd., Hunter Foods LLC, Kameda Seika Co., Ltd., Kellogg Company, Lundberg Family Farms, Magic Spoon, Mars, Incorporated, Nature's Path Foods, Nishimoto Wismettac Group, PepsiCo Inc., Popchips by Velocity Snack Brands Opco, LLC, RACIO, s.r.o., Ricegrowers Limited by SunRice Group, Riceworks, SanoRice Holding BV, SSOM International Foods, The Quaker Oats Company, Umeya Inc., Vital Health Foods, and Wide Faith Foods Co Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Packaged Rice Snacks Market, by Type
7. Packaged Rice Snacks Market, by Flavours
8. Packaged Rice Snacks Market, by Packaging
9. Packaged Rice Snacks Market, by Distribution Channel
10. Americas Packaged Rice Snacks Market
11. Asia-Pacific Packaged Rice Snacks Market
12. Europe, Middle East & Africa Packaged Rice Snacks Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Packaged Rice Snacks Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Packaged Rice Snacks Market?
3. What is the competitive strategic window for opportunities in the Packaged Rice Snacks Market?
4. What are the technology trends and regulatory frameworks in the Packaged Rice Snacks Market?
5. What is the market share of the leading vendors in the Packaged Rice Snacks Market?
6. What modes and strategic moves are considered suitable for entering the Packaged Rice Snacks Market?

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