Rice Cakes Market to increase by USD 2.31 billion between 2023 to 2028, Offline Distribution Channel to be the major contributing segment

NEW YORK, Dec. 8, 2023 /PRNewswire/ — The rice cakes market size is expected to grow by USD 2.31 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 6.68% during the forecast period. Increasing demand for healthier snack varieties is notably driving the rice cakes market. However, factors such as natural disasters and adverse weather conditions may impede market growth. The market is segmented by Distribution Channel (Offline and Online), Type (Brown rice cakes, White rice cakes, and Other rice cakes), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format

Key Segment Analysis

The offline segment is significant during the forecast period. Departmental stores, supermarkets, hypermarkets, and convenience stores are considered in this segment. Various market players use promotional and marketing strategies to promote the sales of their products through this channel. The strategies include branding through signages and discounts on product packages at their stores. Additionally, various retail stores in China such as Walmart and Carrefour China Inc., have been selling rice cakes on their shelves for a long time. There are dedicated aisles for rice cakes in supermarkets and hypermarkets to elevate their visibility. To know additional highlights and key points on various market segments and their impact in coming years, View a PDF Sample Report.

Geographical Market Analysis

By region, APAC accounted for the largest share of the market, occupying 55% of the global market share. The growing trend of snacking between regular meals, changes in lifestyles, and the widespread availability of rice cakes are driving the growth of the regional market. In addition, factors such as growing disposable income, rapidly expanding population, and the rising number of modern retail stores will further accelerate the growth of the rice cakes market in APAC during the forecast period.

Company Insights

The rice cakes market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:

AAAS Foods and Natures Soul Pvt Ltd., Ambrosia Organic Farm Pvt. Ltd., Bok Rice Bakery, Das Foodtech Pvt. Ltd., De Katjang BV, Element Snacks Inc, Holland and Barrett Ltd., Madon Pure Food Pvt. Ltd., Nishimoto Co. Ltd., Ottogi Co. Ltd., PepsiCo Inc., RACIO sro, Ricegrowers Ltd., Riso Gallo SpA, SanoRice Holding BV, Umeya Inc., Van Rice Products, Vital Health Foods, Gourmet Egypt S.A.E, Lundberg Family Farms

View a PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The Rice Flour Market size is projected to increase by USD 365.07 million and the market size is estimated to grow at a CAGR of 4.54% between 2022 and 2027.

The Global Rice Market size is projected to increase by USD 85.65 Mn T and the market size is estimated to decline at a CAGR of 3.6% between 2022 and 2027. In 2017 the size of the market was valued at 402.83 Mn T.

Rice Cakes Market Scope
Report Coverage	Details
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.68%
Market growth 2024-2028	USD 2.32 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	6.19
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 55%
Key countries	US, Japan, China, South Korea, and India
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AAAS Foods and Natures Soul Pvt Ltd., Ambrosia Organic Farm Pvt. Ltd., Bok Rice Bakery, Das Foodtech Pvt. Ltd., De Katjang BV, Element Snacks Inc, Holland and Barrett Ltd., Madon Pure Food Pvt. Ltd., Nishimoto Co. Ltd., Ottogi Co. Ltd., PepsiCo Inc., RACIO sro, Ricegrowers Ltd., Riso Gallo SpA, SanoRice Holding BV, Umeya Inc., Van Rice Products, Vital Health Foods, Gourmet Egypt S.A.E, and Lundberg Family Farms
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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