Rice Cakes Market Size Growing at 4.33% CAGR by 2030, Value to Surpass USD 729.52 Million - Report by Zion Market Research
The global rice cakes market size is anticipated to reach a value of USD 729.52 million by 2030, at a CAGR of 4.33% during the forecast period (2023- 2030), as highlighted in a report published by Zion Market Research. The report analyzes the global rice cakes market drivers, restraints/challenges, and the effect they have on the demands during the projection period.
NEW YORK, United States, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “*Rice Cakes Market* By Flavor (Caramel, Chocolate, Chicken, And Apple Cinnamon), By Type (Puffed And Mochi), By Packaging (Snack-Sized, Pillow Punches, And Stick Packs), By Distribution Channel (Retail, Specialty Stores, E-Commerce, And Convenience Stores), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030*”* in its research database.
“According to the latest research study, the global rice cakes market size was worth at around USD 519.64 million in 2022. The market is expected to grow above a CAGR of 4.33% and is anticipated to reach over USD 729.52 million by 2030.”
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*Rice Cakes Market Overview:*
Rice cakes are a ubiquitous form of rice-based snack food. They are cooked, desiccated, and pressed into rectangular or round shapes before being sold as rice cakes on the market. In certain cultures, particularly in East Asian nations, they are an extremely popular form of snack food. The preparation of rice cakes involves cooking the rice grains until they become soft and glutinous. The rice is then mashed or compressed until it has the consistency of dough. They are then formed into flat, round, or rectangular cakes and allowed to dry, or they may be subjected to additional procedures such as baking, grilling, or steaming.
*Key Insights from Primary Research*
· Our research analyst estimates that the worldwide rice cakes market will rise 4.33% yearly from 2023 to 2030. Revenue for the worldwide rice cakes market was USD 519.64 million in 2022 and is expected to reach USD 729.52 million by 2030.
· The rice cakes market is projected to grow at a significant rate due to the rising health and wellness culture
· Based on flavor segmentation, chocolate was predicted to show maximum market share in the year 2022
· Based on packaging segmentation, snack size was the leading type in 2022
· On the basis of region, Asia-Pacific was the leading revenue generator in 2022.
*Rice Cakes Market: Growth Drivers*
· *Increasing concern for health and wellness will increase demand*
The global market for rice cakes is anticipated to expand due to the rising health and wellness culture. Post-Covid-19, the trend has acquired greater momentum as more people are conscious of what they consume and have initiated lifestyle or dietary changes. Compared to traditional snack foods such as potato chips or biscuits, rice cakes are regarded as a healthier option. Typically, they are low in calories and cholesterol and gluten-free. This makes them a popular option among the growing number of individuals who actively avoid gluten-containing foods for personal or medical reasons.
*Rice Cakes Market: Restraints*
· *Texture and flavour restrictions limit market expansion*
Rice cakes consist of cooked, dehydrated rice kernels. The most conventional or basic range of rice cakes may be perceived as tasteless, and not every consumer may have an inclination for them, particularly if they are accustomed to eating traditional sweet or spicy snacks. Even rice cake variants that have undergone additional processing may not be able to meet the expectations of consumers who are not accustomed to snacking on simple foods and who prefer indulgent refreshment experiences.
*Directly Purchase a Copy of The Report with TOC | Quick Delivery Available @* https://www.zionmarketresearch.com/buynow/su/rice-cakes-market*Competitive Players*
The report contains qualitative and quantitative research on the global Rice Cakes Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness.
Some of the main players in the global rice cakes market include;
· Quaker Oats Company
· Lundberg Family Farms
· Wasa
· Lotus Foods
· Nature's Path
· Kallo Foods
· Saki Foods
· Edward & Sons Trading Co.
· Real Foods
· Lund's Swedish Pancake & Rice Cake Factory
· GG UniqueFiber
· Amanoya Shinshindo
· Le Pain des Fleurs
· Sanwa Seika Co. Ltd.
· Susukino Foods Co. Ltd.
· Moon Handbooks
· Tae Kyung Food Co. Ltd.
· Nishiki
· Little Duck Organics
· Lundberg Rice Cakes
· Lieber's Foods
· Rude Health
· TAIYO YUDEN CO. LTD.
· Kameda Seika Co. Ltd.
· GoMacro
*Browse Complete Report Here | **Rice Cakes Market By Flavor (Caramel, Chocolate, Chicken, And Apple Cinnamon), By Type (Puffed And Mochi), By Packaging (Snack-Sized, Pillow Punches, And Stick Packs), By Distribution Channel (Retail, Specialty Stores, E-Commerce, And Convenience Stores), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030**Rice Cakes Market: Segmentation Analysis*
The global rice cakes market is segmented based on flavor, type, packaging, distribution channel, and others.
Based on flavor, the global market segments are caramel, chocolate, chicken, and apple cinnamon. The most preferred flavor of rice cakes is chocolate followed by caramel. They offer an indulgent and sweet taste and hence appeal to a broader range of audience. Based on type, the rice cake industry divisions are puffed and mochi.
Based on packaging, the global market is segmented into snack-sized, pillow punches, and stick packs. The highest CAGR was observed in the snack-sized segment followed by pillow punches in 2022. Based on distribution channel, the global rice cakes industry is divided into retail, specialty stores, e-commerce, and convenience stores.
*Regional Analysis:*
· *Asia-Pacific will experience the fastest growth rate*
Asia-Pacific is expected to dominate the global rice cakes market over the forecast period, primarily because the product is a staple food or refreshment in Asian countries. As these regions have a long-standing tradition of ingesting rice in a variety of forms, it enjoys widespread popularity in Japan, South Korea, and China. In Japan, mochi is notably popular, especially during festival seasons. South Korea is renowned internationally for its production of a wide variety of rice cakes in various flavours, particularly tteokbokki, the spiced version. The export of rice cakes by these nations has resulted in increased growth over the past few years. In addition, rising tourism in the country and global consumption of Asian cuisine have increased demand for authentic rice cakes.
*Have Any Query? Ask Our Experts:* https://www.zionmarketresearch.com/inquiry/rice-cakes-market*Recent Industry Developments:*
· In February 2023, Element Snacks, a US-based leading manufacturer of chocolate-topped rice cakes, launched Sea Salt Caramel Crispy Rice Minis. They are thin and puffed rice cakes that are covered with caramel and come along with sprinkles of Kosher Sea salt. These variants are classified as gluten-free and made of non-genetically modified ingredients
· In January 2023, several units of mini rice cake bites by Drizzilicious along with drizzled popcorn products were recalled from the market as a consequence of undeclared peanut residue
*Key questions answered in this report:*
· What is the market size and growth rate forecast for Rice Cakes industry?
· What are the main driving factors propelling the Rice Cakes Market forward?
· What are the leading companies in the Rice Cakes Industry?
· What segments does the Rice Cakes Market cover?
· How can I receive a free copy of the Rice Cakes Market sample report and company profiles?
*Report Scope:*
*Report Attribute* *Report Details*
*Market Size in 2022* USD 519.64 Million
*Market Forecast in 2030* USD 729.52 Million
*Growth Rate* CAGR of 4.33%
*Base Year* 2022
*Forecast Years* 2023- 2030
*Key Companies Covered* Quaker Oats Company, Lundberg Family Farms, Wasa, Lotus Foods, Nature's Path, Kallo Foods, Saki Foods, Edward & Sons Trading Co., Real Foods, Lund's Swedish Pancake & Rice Cake Factory, GG UniqueFiber, Amanoya Shinshindo, Le Pain des Fleurs, Sanwa Seika Co. Ltd., Susukino Foods Co. Ltd., Moon Handbooks, Tae Kyung Food Co. Ltd., Nishiki, Little Duck Organics, Lundberg Rice Cakes, Lieber's Foods, Rude Health, TAIYO YUDEN CO. LTD., Kameda Seika Co. Ltd., and GoMacro.
*Segments Covered* By Flavor, By Type, By Packaging, By Distribution Channel, and By Region
*Regions Covered* North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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*Email Directly Here with Detail Information:* sales@zionmarketresearch.comThe global rice cakes market is segmented as follows:
*By Flavor*
· Caramel
· Chocolate
· Chicken
· Apple Cinnamon
*By Type*
· Puffed
· Mochi
*By Packaging*
· Snack-Sized
· Pillow Punches
· Stick Packs
*By Distribution Channel*
· Retail
· Specialty Stores
· E-Commerce
· Convenience Stores
*By Region*
· North America
· The U.S.
· Canada
· Europe
· France
· The UK
· Spain
· Germany
· Italy
· Rest of Europe
· Asia Pacific
· China
· Japan
· India
· Southeast Asia
· Rest of Southeast Asia
· The Middle East & Africa
· GCC
· South Africa
· Rest of the Middle East & Africa
· Latin America
· Brazil
· Argentina
· Rest of Latin America
*Request Free Brochure of the Global Rice Cakes Market @* https://www.zionmarketresearch.com/requestbrochure/rice-cakes-market*Key Offerings:*
· Comprehensive analysis of the primary market
· Significant alterations in market dynamics
· The market's segment specifications
· Statistics and revenue market analysis of historical, present, and forecast
· Evaluation of niche developments in the market
· Market share evaluation
· Principal strategies of market leaders
· Emerging markets and regional segments
· In order to strengthen the market position of businesses, testimonials are provided
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