Data Bridge Market Research analyses that the rice cakes market was valued at USD 33.3 billion in 2021 and is expected to reach the value of USD 53.08 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
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Rice Cakes Market Dynamics
Drivers
Growing demand for on-the-go snack consumption
The rise in on-the-go snack consumption is driving the positive growth of the global rice cakes market. Global demand for rice cakes is expected to be driven by rising consumer awareness of the health risks associated with junk food consumption, such as heart disease, diabetes, and other chronic diseases.
Opportunity
Rice cakes may emerge as an alternative to undeniable suppers as customer personal conduct standards shift. As empowered customers seek delectable, nourishing, and cost-effective food alternatives to fuel their hectic lifestyles, the essence of snacks is changing.
Restraints
Rice cakes' high glycemic index may cause cancer, diabetes, irreversible diabetes, and cardiovascular disease. Rice cakes are not suitable for babies because they contain a high level of arsenic, which has been linked to health problems such as cancer.
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Rice Cakes Market Scope: -
Product type
Mochi
Puffed rice cakes
Others
Flavor type
Chocolate
Apple cinnamon
Chicken
Caramel
Others
Raw material
White rice
Brown rice
Packaging
Stick packs
Snack-sized portion bags
Pillow Pouches
Others
Distribution channel
Modern trade
Specialty stores
Convenience store
Online stores
Other retail stores
Rice Cakes Market Regional Analysis/Insights
The countries covered in the rice cakes market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Competitive Landscape and Rice Cakes Market Share Analysis
Some of the major players operating in the rice cakes market are:
ITC Limited (India)
Chambly SA (Switzerland)
Mondelez International (U.S.)
PepsiCo (U.S.)
The Kraft Heinz Company (U.S.)
Annie's Homegrown, Inc. (U.S.)
Parle Products Pvt. Ltd. (India)
Patanjali Ayurveda (India)
Britannia (India)
Kellogg Co (U.S.)
pladis global (U.K.)
Walkers Shortbread Ltd (U.K.)
Lotus Bakeries NV (Belgium)
Nestle SA (Switzerland)
Burton’s Foods Ltd. (U.K.)
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MAJOR TOC OF THE REPORT: -
Ø Chapter One: Introduction
Ø Chapter Two: Market Analysis and Insights
Ø Chapter Three: Market Dynamics
Ø Chapter Four: Market Scope
Ø Chapter Five: Market Regional Insights
Ø Chapter Six: Competitive Landscape System Market
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