Authored By: Sarah
16 Aug 2022

Rice Cakes Market 2022-2026: Increasing Demand for Healthier Snack Varieties will Drive the Market Growth

Increasing demand for healthier snack varieties, rising urbanization and changing consumer lifestyles are some of the major factors driving the rice cakes market growth. In addition, the growing prominence of online shopping is one of the major rice cakes market trends that is expected to have a positive impact in the coming years. The rice cakes market share is expected to post an incremental growth of USD 664.52 million, accelerating at a CAGR of 4.63% during 2021-2026.

Technavio's rice cake market research report analyses all the growth drivers that are likely to boost the market growth. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of this research report is to create a 360-degree view of the market for our clients. The key takeaways from this report will equip our client with clear insights to strategize future growth plans. View the Free Sample Report

Rice Cakes Market 2022-2026: Increasing Demand for Healthier Snack Varieties will Drive the Market Growth

Rice Cakes Market: Segments and Geographical Regions

  • The rice cakes market is segmented by Type (brown rice cakes, white rice cakes, and other rice cakes) and Geography (APAC, Europe, North America, South America, and MEA).  
  • Based on the type segmentation, the rice cakes market growth in the brown rice cakes segment will be significant during the forecast period.
  • The health benefits of brown rice, such as it helps lower cholesterol levels and prevents the formation of blood clots, over white rice will help in the growth of the segment during the forecast period.
  • By geography, 52% of the market growth will originate from APAC during the forecast period. The growing trend of snacking between regular meals, changes in lifestyles, and the widespread availability of rice cakes will facilitate the rice cakes market growth in APAC. China and India are the key markets for rice cakes in APAC.

Rice Cakes Market: Vendor Analysis

  • The market is fragmented due to the presence of several players. 
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 
  • Ambrosia Organic Farm Pvt. Ltd., Das Foodtech Pvt. Ltd., Element Snacks, Grainic, JOY SNACKS LLC, Lundberg Family Farms, Madon Pure Food Pvt. Ltd., PepsiCo Inc., RACIO sro, Ricegrowers Ltd., SanoRice Holding BV, Suprfit India, and Vital Health Foods are some of the major rice cakes market vendors. 

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download the Free PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 4.63%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 664.52 million.

     
  3. What is a key factor driving this market?
    Increasing demand for healthier snack varieties will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    52% growth will originate from APAC.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Ambrosia Organic Farm Pvt. Ltd., Das Foodtech Pvt. Ltd., Element Snacks, Grainic, JOY SNACKS LLC, Lundberg Family Farms, Madon Pure Food Pvt. Ltd., PepsiCo Inc., RACIO sro, Ricegrowers Ltd., SanoRice Holding BV, Suprfit India, and Vital Health Foods

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (brown rice cakes, white rice cakes, and other rice cakes) and Geography (APAC, Europe, North America, South America, and MEA).
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