Packaged Rice Snacks Market to reach USD 6.13 bn by 2024, Element Snacks Inc. and Kameda Seika Co. Ltd. emerge as Key Contributors to growth | Technavio

Technavio has announced its latest market research report titled Global Packaged Rice Snacks Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the packaged rice snacks market and it is poised to grow by USD 6.13 bn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

  • What are the major trends in the market?
    The increasing consumption of plant-based diets is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 7.76% and the incremental growth of the market is anticipated to be $ 6.13 bn.
  • Who are the top players in the market?
    Element Snacks Inc., Kameda Seika Co. Ltd., Kellogg Co., Lundberg Family Farms, Mars Inc., Nishimoto Co. Ltd., PepsiCo Inc., Ricegrowers Ltd., SanoRice Holding BV, and Tastemorr Snacks - A Division of Basic Grain Products Inc, are some of the major market participants.
  • What is the key market driver?
    The health benefits of packaged rice snacks is one of the major factors driving the market.
  • How big is the APAC market?
    The APAC region will contribute 91% of the market share.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Element Snacks Inc., Kameda Seika Co. Ltd., Kellogg Co., Lundberg Family Farms, Mars Inc., Nishimoto Co. Ltd., PepsiCo Inc., Ricegrowers Ltd., SanoRice Holding BV, and Tastemorr Snacks - A Division of Basic Grain Products Inc. are some of the major market participants. The health benefits of packaged rice snacks will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Packaged Rice Snacks Market 2020-2024: Segmentation

Packaged Rice Snacks Market is segmented as below:

  • Product
    • Rice Cakes
    • Rice Crackers
    • Rice Crisps
  • Geographic Landscape
    • APAC
    • Europe
    • North America
    • South America
    • MEA

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Packaged Rice Snacks Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The packaged rice snacks market report covers the following areas:

  • Packaged Rice Snacks Market Size
  • Packaged Rice Snacks Market Trends
  • Packaged Rice Snacks Market Industry Analysis

This study identifies the increasing consumption of plant-based diets as one of the prime reasons driving the packaged rice snacks market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Packaged Rice Snacks Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist packaged rice snacks market growth during the next five years
  • Estimation of the packaged rice snacks market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaged rice snacks market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaged rice snacks market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Rice cakes - Market size and forecast 2019-2024
  • Rice crackers, cookies, and biscuits - Market size and forecast 2019-2024
  • Rice crisps - Market size and forecast 2019-2024
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Vendor expansions in global packaged rice snacks market
  • Increasing consumption of plant-based diets
  • Government initiatives to increase rice production

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Element Snacks Inc.
  • Kameda Seika Co. Ltd.
  • Kellogg Co.
  • Lundberg Family Farms
  • Mars Inc.
  • Nishimoto Co. Ltd.
  • PepsiCo Inc.
  • Ricegrowers Ltd.
  • SanoRice Holding BV
  • Tastemorr Snacks - A Division of Basic Grain Products Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Packaged Rice Snacks Market will grow by $ 6.13 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/