The Global Rice-based Products Market size is expected to reach $276.8 billion by 2028, rising at a market growth of 6.0% CAGR during the forecast period.
Rice is made from the seed grains of the grass Oryza sativa, sometimes known as Asian rice or the less common Oryza glaberrima (or African rice). Although the phrase may sometimes be used to refer to wild or uncultivated variants of Oryza, wild rice is typically used to refer to species belonging to the genera Zizania and Porteresia.
Domesticated rice is a popular staple meal consumed by more than half of the world's population. After maize and sugarcane, it is the agricultural product with the third-highest production globally. Rice is the most significant food product with regard to human caloric and nutrition intake, delivering more than one-fifth of the calories consumed by humans globally. Starch makes up a major component of rice.
This starch is insoluble, flavorless and unfit for human ingestion in its natural state. It must be prepared in order to make it palatable and acceptable. Rice breakfast cereals can be categorized into two groups: those that need to be cooked before eating and those that can be consumed right out of the package. The whole rice grain and its milled products can be used to make ready-to-eat rice cereals.
In prepared cereals, rice is precooked, dried, flaked, or made into dough, then stretched or puffed, inflated, and toasted either on its own or in addition to other cereals. The final product's quality is largely influenced by the cooking duration, steam pressure, raw components' temperature, and toasting process. To increase the nutritional value, flouring materials, minerals, vitamin B complex, and protein-containing components may be added.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CJ CheilJedang Corporation (Annie Chun’s, Inc.), PepsiCo, Inc. (The Quaker Oats Company), Thai President Foods Plc, Nona Lim, LLC., Lotus Foods Inc., Element Snacks, Ricegrowers Limited, Kameda Seika Co. Ltd., and SanoRice Holding B.V.
Rice is made from the seed grains of the grass Oryza sativa, sometimes known as Asian rice or the less common Oryza glaberrima (or African rice). Although the phrase may sometimes be used to refer to wild or uncultivated variants of Oryza, wild rice is typically used to refer to species belonging to the genera Zizania and Porteresia.
Domesticated rice is a popular staple meal consumed by more than half of the world's population. After maize and sugarcane, it is the agricultural product with the third-highest production globally. Rice is the most significant food product with regard to human caloric and nutrition intake, delivering more than one-fifth of the calories consumed by humans globally. Starch makes up a major component of rice.
This starch is insoluble, flavorless and unfit for human ingestion in its natural state. It must be prepared in order to make it palatable and acceptable. Rice breakfast cereals can be categorized into two groups: those that need to be cooked before eating and those that can be consumed right out of the package. The whole rice grain and its milled products can be used to make ready-to-eat rice cereals.
In prepared cereals, rice is precooked, dried, flaked, or made into dough, then stretched or puffed, inflated, and toasted either on its own or in addition to other cereals. The final product's quality is largely influenced by the cooking duration, steam pressure, raw components' temperature, and toasting process. To increase the nutritional value, flouring materials, minerals, vitamin B complex, and protein-containing components may be added.
COVID-19 Impact Analysis
The pandemic had little to no impact on the rice-based product market. The COVID-19 pandemic hindered rice production because it disrupted logistics and caused a manpower shortage. The brief disruption in transportation caused grain prices to rise, ultimately leading to these products' generally high pricing. Additionally, businesses, including pubs and restaurants, as well as others places, were temporarily closed during the lockdown. However, customers all over the world continued to have a steady demand for grains and pulses. In addition, the lockdown decreased the demand for brown rice in the packaged and processed food business as well as the market for dietary supplements. After the pandemic, the purchasing habits and food consumption habits of consumers altered significantly.Market Growth Factors
Increasing availability of fortified and enriched rice-based products
The restoration of minerals and vitamins lost during processing is referred to as enrichment. In general, fortification refers to adding more minerals and vitamins to food than were initially there. For example, it is very common to fortify ready-to-eat rice-based products like breakfast cereals, cakes, noodles, etc., with vitamins, minerals, and flavoring agents. The basic formula mix is typically supplemented with minerals and more heat-resistant vitamins like riboflavin, niacin, and pyridoxine before being processed and sprayed with vitamin A and thiamin.Growing use of rice as a major constituent in baby food
Since babies (infants and newborns) have special nutritional needs, babies frequently start eating solid foods with rice cereal. This is due to its simple digestion, lack of allergens, low-fat content, and bland flavor. Many baby foods are made using rice, either in the form of granulated rice or rice flour. Baby foods are made with glutinous rice, rice flour, rice flour, and rice polishing. Baby food products are frequently thickened with rice flour. It doesn't add any strange ingredient categories to the label and combines well with other foods like vegetables and proteins. Therefore, it presents significant growth opportunities for rice-based products in the coming years.Market Restraining Factors
Increasing awareness of the ill effects of white rice consumption
White rice has extremely little fiber value due to the processing it goes through to increase its shelf life. Therefore, if white rice is consumed more frequently, it may result in constipation. In addition, the GI of white rice is high. The glycemic index, or GI, measures the rate at which the body breaks down and transforms carbohydrates into sugars. These are then carried into the body through the bloodstream. High GI foods induce sharp sugar spikes that can result in diabetes and unhealthful blood sugar swings. Additionally, the association between white rice and obesity is well-established and understood. This is due to the fact that it is a highly refined, high-carb diet. All these factors may prove to be disadvantageous for the rice-based products market in the coming years.Product Outlook
Based on product, the rice-based products market is categorized into rice snacks, rice noodles, rice puddings, rice cakes, rice balls, and others. The rice noodles segment garnered the highest revenue share in the rice-based products market in 2021. The segment's expansion has been greatly aided by the rising appeal of Asian cuisine. Additionally, the wide availability of frozen and fresh noodles, as well as recent product introductions by Asian and multinational companies, are the main drivers of the segment's growth. Furthermore, rice noodles, a common dish whose structure is primarily derived from starch retrogradation and offer the advantages of being gluten-free as well as having a low glycemic index.Distribution Channel Outlook
On the basis of distribution channel, the rice-based products market is divided into supermarkets/hypermarkets, online, and others. The supermarkets/hypermarkets segment recorded the largest revenue share in the rice-based products market in 2021. Supermarkets and hypermarkets provide a variety of food goods, both conventional and organic, and are conveniently accessible, which serve as the main factors for the segment's growth. Due to their locations in the busiest parts of a city or town, supermarkets and hypermarkets draw a lot of customers. These stores are typically used by customers to buy these items as well as other common household items.Type Outlook
Based on type, the rice-based products market is segmented into conventional and organic. The organic segment garnered a remarkable growth rate in the rice-based products market in 2021. Organically grown ingredients that are harmless to consume make up organic products. Increasing consumer awareness has led to a significant rise in the consumption of organic products and consequently drives the growth of the segment. In addition, a large number of goods are introduced by market players.Regional Outlook
On the basis of region, the rice-based products market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region procured the highest revenue share in the rice-based products market in 2021. According to a Food and Agriculture Organization report, the Asia Pacific region consumes most of the entire amount of rice produced worldwide. This raises the possibility of more penetration of rice-based products in the region in the years to come. Additionally, the region's high levels of production and consumption are another element that contributes to customers' high levels of product demand.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CJ CheilJedang Corporation (Annie Chun’s, Inc.), PepsiCo, Inc. (The Quaker Oats Company), Thai President Foods Plc, Nona Lim, LLC., Lotus Foods Inc., Element Snacks, Ricegrowers Limited, Kameda Seika Co. Ltd., and SanoRice Holding B.V.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Supermarkets/Hypermarkets
- Online
- Others
By Type
- Conventional
- Organic
By Product
- Rice Noodles
- Rice Snacks
- Rice Cakes
- Rice Puddings
- Rice Balls
- Others
By Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- CJ CheilJedang Corporation (Annie Chun’s, Inc.)
- PepsiCo, Inc. (The Quaker Oats Company)
- Thai President Foods Plc
- Nona Lim, LLC
- Lotus Foods Inc
- Element Snacks
- Ricegrowers Limited
- Kameda Seika Co. Ltd
- SanoRice Holding B.V
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Rice-based Products Market, by Distribution Channel
1.4.2 Global Rice-based Products Market, by Type
1.4.3 Global Rice-based Products Market, by Product
1.4.4 Global Rice-based Products Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Rice-based Products Market by Distribution Channel
3.1 Global Supermarkets/Hypermarkets Market by Region
3.2 Global Online Market by Region
3.3 Global Others Market by Region
Chapter 4. Global Rice-based Products Market by Type
4.1 Global Conventional Market by Region
4.2 Global Organic Market by Region
Chapter 5. Global Rice-based Products Market by Product
5.1 Global Rice Noodles Market by Region
5.2 Global Rice Snacks Market by Region
5.3 Global Rice Cakes Market by Region
5.4 Global Rice Puddings Market by Region
5.5 Global Rice Balls Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Rice-based Products Market by Region
6.1 North America Rice-based Products Market
6.1.1 North America Rice-based Products Market by Distribution Channel
6.1.1.1 North America Supermarkets/Hypermarkets Market by Country
6.1.1.2 North America Online Market by Country
6.1.1.3 North America Others Market by Country
6.1.2 North America Rice-based Products Market by Type
6.1.2.1 North America Conventional Market by Country
6.1.2.2 North America Organic Market by Country
6.1.3 North America Rice-based Products Market by Product
6.1.3.1 North America Rice Noodles Market by Country
6.1.3.2 North America Rice Snacks Market by Country
6.1.3.3 North America Rice Cakes Market by Country
6.1.3.4 North America Rice Puddings Market by Country
6.1.3.5 North America Rice Balls Market by Country
6.1.3.6 North America Others Market by Country
6.1.4 North America Rice-based Products Market by Country
6.1.4.1 US Rice-based Products Market
6.1.4.1.1 US Rice-based Products Market by Distribution Channel
6.1.4.1.2 US Rice-based Products Market by Type
6.1.4.1.3 US Rice-based Products Market by Product
6.1.4.2 Canada Rice-based Products Market
6.1.4.2.1 Canada Rice-based Products Market by Distribution Channel
6.1.4.2.2 Canada Rice-based Products Market by Type
6.1.4.2.3 Canada Rice-based Products Market by Product
6.1.4.3 Mexico Rice-based Products Market
6.1.4.3.1 Mexico Rice-based Products Market by Distribution Channel
6.1.4.3.2 Mexico Rice-based Products Market by Type
6.1.4.3.3 Mexico Rice-based Products Market by Product
6.1.4.4 Rest of North America Rice-based Products Market
6.1.4.4.1 Rest of North America Rice-based Products Market by Distribution Channel
6.1.4.4.2 Rest of North America Rice-based Products Market by Type
6.1.4.4.3 Rest of North America Rice-based Products Market by Product
6.2 Europe Rice-based Products Market
6.2.1 Europe Rice-based Products Market by Distribution Channel
6.2.1.1 Europe Supermarkets/Hypermarkets Market by Country
6.2.1.2 Europe Online Market by Country
6.2.1.3 Europe Others Market by Country
6.2.2 Europe Rice-based Products Market by Type
6.2.2.1 Europe Conventional Market by Country
6.2.2.2 Europe Organic Market by Country
6.2.3 Europe Rice-based Products Market by Product
6.2.3.1 Europe Rice Noodles Market by Country
6.2.3.2 Europe Rice Snacks Market by Country
6.2.3.3 Europe Rice Cakes Market by Country
6.2.3.4 Europe Rice Puddings Market by Country
6.2.3.5 Europe Rice Balls Market by Country
6.2.3.6 Europe Others Market by Country
6.2.4 Europe Rice-based Products Market by Country
6.2.4.1 Germany Rice-based Products Market
6.2.4.1.1 Germany Rice-based Products Market by Distribution Channel
6.2.4.1.2 Germany Rice-based Products Market by Type
6.2.4.1.3 Germany Rice-based Products Market by Product
6.2.4.2 UK Rice-based Products Market
6.2.4.2.1 UK Rice-based Products Market by Distribution Channel
6.2.4.2.2 UK Rice-based Products Market by Type
6.2.4.2.3 UK Rice-based Products Market by Product
6.2.4.3 France Rice-based Products Market
6.2.4.3.1 France Rice-based Products Market by Distribution Channel
6.2.4.3.2 France Rice-based Products Market by Type
6.2.4.3.3 France Rice-based Products Market by Product
6.2.4.4 Russia Rice-based Products Market
6.2.4.4.1 Russia Rice-based Products Market by Distribution Channel
6.2.4.4.2 Russia Rice-based Products Market by Type
6.2.4.4.3 Russia Rice-based Products Market by Product
6.2.4.5 Spain Rice-based Products Market
6.2.4.5.1 Spain Rice-based Products Market by Distribution Channel
6.2.4.5.2 Spain Rice-based Products Market by Type
6.2.4.5.3 Spain Rice-based Products Market by Product
6.2.4.6 Italy Rice-based Products Market
6.2.4.6.1 Italy Rice-based Products Market by Distribution Channel
6.2.4.6.2 Italy Rice-based Products Market by Type
6.2.4.6.3 Italy Rice-based Products Market by Product
6.2.4.7 Rest of Europe Rice-based Products Market
6.2.4.7.1 Rest of Europe Rice-based Products Market by Distribution Channel
6.2.4.7.2 Rest of Europe Rice-based Products Market by Type
6.2.4.7.3 Rest of Europe Rice-based Products Market by Product
6.3 Asia Pacific Rice-based Products Market
6.3.1 Asia Pacific Rice-based Products Market by Distribution Channel
6.3.1.1 Asia Pacific Supermarkets/Hypermarkets Market by Country
6.3.1.2 Asia Pacific Online Market by Country
6.3.1.3 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Rice-based Products Market by Type
6.3.2.1 Asia Pacific Conventional Market by Country
6.3.2.2 Asia Pacific Organic Market by Country
6.3.3 Asia Pacific Rice-based Products Market by Product
6.3.3.1 Asia Pacific Rice Noodles Market by Country
6.3.3.2 Asia Pacific Rice Snacks Market by Country
6.3.3.3 Asia Pacific Rice Cakes Market by Country
6.3.3.4 Asia Pacific Rice Puddings Market by Country
6.3.3.5 Asia Pacific Rice Balls Market by Country
6.3.3.6 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Rice-based Products Market by Country
6.3.4.1 China Rice-based Products Market
6.3.4.1.1 China Rice-based Products Market by Distribution Channel
6.3.4.1.2 China Rice-based Products Market by Type
6.3.4.1.3 China Rice-based Products Market by Product
6.3.4.2 Japan Rice-based Products Market
6.3.4.2.1 Japan Rice-based Products Market by Distribution Channel
6.3.4.2.2 Japan Rice-based Products Market by Type
6.3.4.2.3 Japan Rice-based Products Market by Product
6.3.4.3 India Rice-based Products Market
6.3.4.3.1 India Rice-based Products Market by Distribution Channel
6.3.4.3.2 India Rice-based Products Market by Type
6.3.4.3.3 India Rice-based Products Market by Product
6.3.4.4 South Korea Rice-based Products Market
6.3.4.4.1 South Korea Rice-based Products Market by Distribution Channel
6.3.4.4.2 South Korea Rice-based Products Market by Type
6.3.4.4.3 South Korea Rice-based Products Market by Product
6.3.4.5 Singapore Rice-based Products Market
6.3.4.5.1 Singapore Rice-based Products Market by Distribution Channel
6.3.4.5.2 Singapore Rice-based Products Market by Type
6.3.4.5.3 Singapore Rice-based Products Market by Product
6.3.4.6 Malaysia Rice-based Products Market
6.3.4.6.1 Malaysia Rice-based Products Market by Distribution Channel
6.3.4.6.2 Malaysia Rice-based Products Market by Type
6.3.4.6.3 Malaysia Rice-based Products Market by Product
6.3.4.7 Rest of Asia Pacific Rice-based Products Market
6.3.4.7.1 Rest of Asia Pacific Rice-based Products Market by Distribution Channel
6.3.4.7.2 Rest of Asia Pacific Rice-based Products Market by Type
6.3.4.7.3 Rest of Asia Pacific Rice-based Products Market by Product
6.4 LAMEA Rice-based Products Market
6.4.1 LAMEA Rice-based Products Market by Distribution Channel
6.4.1.1 LAMEA Supermarkets/Hypermarkets Market by Country
6.4.1.2 LAMEA Online Market by Country
6.4.1.3 LAMEA Others Market by Country
6.4.2 LAMEA Rice-based Products Market by Type
6.4.2.1 LAMEA Conventional Market by Country
6.4.2.2 LAMEA Organic Market by Country
6.4.3 LAMEA Rice-based Products Market by Product
6.4.3.1 LAMEA Rice Noodles Market by Country
6.4.3.2 LAMEA Rice Snacks Market by Country
6.4.3.3 LAMEA Rice Cakes Market by Country
6.4.3.4 LAMEA Rice Puddings Market by Country
6.4.3.5 LAMEA Rice Balls Market by Country
6.4.3.6 LAMEA Others Market by Country
6.4.4 LAMEA Rice-based Products Market by Country
6.4.4.1 Brazil Rice-based Products Market
6.4.4.1.1 Brazil Rice-based Products Market by Distribution Channel
6.4.4.1.2 Brazil Rice-based Products Market by Type
6.4.4.1.3 Brazil Rice-based Products Market by Product
6.4.4.2 Argentina Rice-based Products Market
6.4.4.2.1 Argentina Rice-based Products Market by Distribution Channel
6.4.4.2.2 Argentina Rice-based Products Market by Type
6.4.4.2.3 Argentina Rice-based Products Market by Product
6.4.4.3 UAE Rice-based Products Market
6.4.4.3.1 UAE Rice-based Products Market by Distribution Channel
6.4.4.3.2 UAE Rice-based Products Market by Type
6.4.4.3.3 UAE Rice-based Products Market by Product
6.4.4.4 Saudi Arabia Rice-based Products Market
6.4.4.4.1 Saudi Arabia Rice-based Products Market by Distribution Channel
6.4.4.4.2 Saudi Arabia Rice-based Products Market by Type
6.4.4.4.3 Saudi Arabia Rice-based Products Market by Product
6.4.4.5 South Africa Rice-based Products Market
6.4.4.5.1 South Africa Rice-based Products Market by Distribution Channel
6.4.4.5.2 South Africa Rice-based Products Market by Type
6.4.4.5.3 South Africa Rice-based Products Market by Product
6.4.4.6 Nigeria Rice-based Products Market
6.4.4.6.1 Nigeria Rice-based Products Market by Distribution Channel
6.4.4.6.2 Nigeria Rice-based Products Market by Type
6.4.4.6.3 Nigeria Rice-based Products Market by Product
6.4.4.7 Rest of LAMEA Rice-based Products Market
6.4.4.7.1 Rest of LAMEA Rice-based Products Market by Distribution Channel
6.4.4.7.2 Rest of LAMEA Rice-based Products Market by Type
6.4.4.7.3 Rest of LAMEA Rice-based Products Market by Product
Chapter 7. Company Profiles
7.1 CJ CheilJedang Corporation (Annie Chun’s, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Acquisition and Mergers:
7.2 PepsiCo, Inc. (The Quaker Oats Company)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Thai President Foods Plc
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Kameda Seika Co. Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.5 Ricegrowers Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.6 Nona Lim, LLC
7.6.1 Company Overview
7.7 Element Snacks, Inc.
7.7.1 Company Overview
7.8 Lotus Foods, Inc.
7.8.1 Company Overview
7.9 SanoRice Holding B.V.
7.9.1 Company Overview
Companies Mentioned
- CJ CheilJedang Corporation (Annie Chun’s, Inc.)
- PepsiCo, Inc. (The Quaker Oats Company)
- Thai President Foods Plc
- Nona Lim, LLC.
- Lotus Foods Inc.
- Element Snacks
- Ricegrowers Limited
- Kameda Seika Co. Ltd.
- SanoRice Holding B.V.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 207 |
| Published | January 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 185542.2 Million |
| Forecasted Market Value ( USD | $ 276796.5 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
