Organic Rice Noodles Market Size, Trends, SWOT, PEST, Porter’s Analysis, For 2022–2030
The
Global Rice Noodles Market size is expected to reach USD 12.87 Billion in
2030 and register a revenue CAGR of 14.1% over the forecast period, according
to latest report by Reports and Data. Rapid growth of the food and beverage
industry is a key factor expected to drive market revenue growth during the
forecast period.
Increasing
disposable income, together with an expansion in vegan eating habits, are
expected to provide substantial growth prospects during the forecast period. In
addition, the growing popularity of rice noodles as a rich source of critical
minerals and vitamins is expected to present a multitude of prospects for
growth. All of these factors are expected to contribute significantly to growth
of the rice noodles market.
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Significant
expansion in the food and beverage sector across the world is one of the key
factors driving the market growth. Rice noodles are frequently served alongside
other traditional Asian dishes, such as salads, soups, and stir-fries in
hotels, cafes, and fast-food outlets. In addition, rice noodles are created
utilizing the germ and bran of the rice and are a great source of essential
vitamins and minerals that help in improving digestion. The increasing health
awareness among the consumers could also be a driving factor for revenue growth
of the market.
However,
rice noodles are highly processed. These noodles contain high fat, calories,
and sodium, and are mixed with artificial colors, additives, preservatives, and
flavors. Manufacturers are spending a lot of money on R&D to achieve a healthier
version of products without chemicals but this method is time-consuming and
costly. Therefore, using preservatives and chemicals in rice noodles could
inhibit market growth to some extent.
Market
Overview:
All
enterprises involved in the processing, packaging, and distribution of raw food
materials fall within the food and beverage sector. Fresh and packaged meals,
as well as alcoholic and nonalcoholic beverages, are all included. Apart from
drugs, this industry touches every product designed for human consumption.
Obesity
has a tremendous impact on the global food and beverage industry. The desire
for healthful foods has grown, as has the demand for more detailed nutritional
information. Companies have responded by launching lower-calorie foods and tightening
control over how their brand is viewed in response to both of these changes.
Companies want to be viewed as a healthy brand, thus they support activities
that indicate this, such as youth sports. There has even been talk of levying a
tax on foods linked to obesity to deter people from eating them.
As
a result of the current economic depression caused by the Covid-19 outbreak,
consumers are seeking to save as much money as possible. Consumers are doing so
in a variety of ways, including buying more generic things and cooking their
own meals instead of going out. As a result, food processing companies are
getting more creative in order to reduce the cost of goods sold, attract more
customers, and increase profit margins.
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Some of the Leading Market Players Are Listed Below:
· Thai
President Foods Public Company Limited,
· Nasoya
Foods USA, LLC,
· Toyo
Suisan Kaisha, Ltd.,
· Nongshim
Co., Ltd,
· McCormick
& Company, Inc.,
· JFC
International Inc.,
· Ying
Yong Food Products,
· Nona
Lim LLC
· Others
The Rice Noodles market has been segmented into key
regions of the world and offers an analysis of growth rate, market share,
current and emerging trends, production and consumption ratio, industrial chain
analysis, demand and supply, import and export, revenue contribution, and
presence of key players in each region. A country-wise analysis of the market
is offered in the report to gain a better understanding of the regional spread
and progress of the Rice Noodles market.
The
report is written with the aid of industry analysts, market segmentation, and
data collection in order to assist readers in making profitable business
decisions. The report includes a comprehensive database of technical and
product advances. It also provides information on growth rates and market
value, as well as a thorough examination of niche market segments. The report
provides strategic advice to newcomers and existing businesses about how to
make profitable and well-informed business decisions.
The global Rice Noodles
market is segmented into:
·
North America (U.S.A.,
Canada, Mexico)
·
Europe (Italy, U.K., Germany,
France, Rest of Europe)
·
Asia Pacific (China,
India, Japan, South Korea, Australia, Rest of APAC)
·
Latin America (Chile,
Brazil, Argentina, Peru, Rest of Latin America)
·
Middle East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
By Product
Outlook
- Vermicelli
- Stick
- Wide
- Others
By Cooking Methods
Outlook
- Instant Rice Noodles
- Conventional Rice Noodles
By Grade Source
- White Rice Noodle
- Brown Rice Noodle
By Distribution
Channel Outlook
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Key Questions Addressed in the Report:
· What are the dominating factors that are
influencing the growth of the industry?
· In the forecast period, which market segment is
expected to rise the most?
· What are the risks and challenges that the
industry is facing?
· In the coming years, which area is projected to
dominate the market?
· Who are the major players in the market? What
kind of strategic business plans have they made?
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