Global Rice Noodle Market, By Product (Vermicelli, Stick, Wide and Others), Cooking Method (Instant and Conventional), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online and Direct to Consumer (D2C)), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Rice Noodle Market
Data Bridge Market Research analyses that the global rice noodle market to account USD 5.10 billion by 2029 growing at a CAGR of 14.2% in the forecast period of 2022-2029. The rising popularity of Asian cuisine has been critical to the market's expansion.
Rice noodles are created by combining rice flour and water. These noodles are considered to have originated in China. These noodles are available in a variety of shapes and sizes, including vermicelli, wide, stick, and others.
The rice noodle industry has experienced exceptional growth in recent years, and this trend is expected to continue in the coming years. Rising investments in research and development activities, the entry of new players, product innovation, technological breakthroughs, effective resource allocation, and growing competition among business rivals to expand its regional and customer base can all be attributed to the growth of the rice noodle industry.
Government policies and incentives, as well as favourable laws, are expected to drive the growth of the rice noodle market in the near future. Customers' spending power will increase as their disposable income rises, contributing to the market's success of rice noodle. The fact that it does not contain wheat flour and thus is innately gluten-free, making it suitable for people with gluten intolerance and celiac disease, is a significant factor benefiting market growth.
However, the high and consistent consumption of noodles is not considered efficient due to their preparation methods, excessive use of preservatives, artificial colours, and flavourings, and is expected to act as a restraint on the instant growth noodles market. In contrast, a lack of essential nutrients may stymie market expansion. Furthermore, the market is expected to grow at a rapid pace due to changing food habits and the growing popularity of ready-to-eat food.
This rice noodle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on rice noodle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Rice Noodle Market Scope and Market Size
Rice noodles market is segmented into seven notable segments which are based on product, cooking method and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the rice noodles market is segmented into vermicelli, stick, wide and others
- On the basis of cooking method, the rice noodles market is segmented into instant and conventional
- On the basis of distribution channel, the rice noodles market is segmented into hypermarkets and supermarkets, convenience stores, online and direct to consumer (D2C).
Rice Noodle Market Country Level Analysis
The rice noodle market is analyses and market size, volume information is provided by country, product, cooking method and distribution channel as referenced above.
The countries covered in the rice noodle market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
Asia-Pacific accounted for the majority of the global rice noodle market. The presence of a large consumer base of rice noodles in countries such as Japan, China, Indonesia, and others, combined with rising awareness about the benefits of rice noodles in other countries, will help in establishing the way for the growth of the Asia Pacific rice noodles market. North America is expected to have the fastest growth rate. The growing number of Asian restaurants, as well as the Asian population's migration to Canada, the United States, and Mexico, are major factors driving the regional market's expansion. The idea of instant rice noodles is also enticing many Americans to try the product. It is a viable diet option due to its ease of preparation.
The country section of the rice noodle market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rice Noodle Market Share Analysis
The rice noodle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rice noodle market.
Some of the major operating in the rice noodle market are Unilever, Nestlé, Campbell Soup Company, Maruchan Ajinomoto India Private Limited., YUMMY NOODLES, NISSIN FOODS, ITC Limited, New Dragon Asia Food (Yantai) Co., Ltd., MAMEE DOUBLE-DECKER (M) SDN. BHD., Kohlico Brands UK Ltd., PT INDOFOOD SUKSES MAKMUR Tbk, Capital Foods Pvt. Ltd., AICO FOOD LTD., AKASH YOG HEALTH PRODUCTS PVT. LTD., Tat Hui Foods Pte. Ltd North Coast Naturals, Pure Food, BENEO, Jiangxi Golden Agriculture Biotech and ACECOOK VIET NAM, among others.
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