Global Packaged Rice Noodles Market: Overview
Packaged rice noodles have become highly popular in Eastern and Southeast Asian regions as a result of their fibrous texture. These products are usually accompanied with sauces as well as seasonings. The variety of noodles is also available in fresh, dried, or frozen types along with a plethora of shapes, sizes, and width.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Packaged Rice Noodles Market: Growth Factors
The massive use of the product in varied cuisines is likely to steer the growth of the packaged rice noodles market in the near future. Apart from this, escalating preference for organic as well as certified packaging rice noodles will culminate in the product demand across the globe. Additionally, easy availability of the product in many flavors along with the implementation of attractive labeling as well as effective marketing by the manufacturers will prompt the business growth in the years to come.
Moreover, knowledge of the health benefits derived due to the intake of the product among both the manufacturers as well as consumers will assist the market to flourish & prosper in the coming years. Apparently, growing occurrence of celiac ailment among the customers have prompted them to intake gluten-free foods like rice noodles and this has converted into huge sales of the packaged rice noodles, thereby driving the market expansion. Furthermore, the rise in the population having digestive disorders and weight-related issues has culminated into huge popularity of the packaged rice noodles. Apparently, high emphasis on intake of gluten-free nutritive diet across various demographics will expedite the product penetration across various markets across the globe.
Global Packaged Rice Noodles Market: Segmentation
The overall packaged rice noodles industry is segregated based on the product type and distribution channels. Based on the product, the market for packaged rice noodles are sectored into rice vermicelli and rice stick. On the basis of distribution channels, the industry is divided into direct sales and indirect sales.
Global Packaged Rice Noodles Market: Regional Analysis
Based on regions, the overall packaged rice noodles industry can be divided into five main regions: Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Regionally, Europe and the Middle East and African regions are projected to make major contributions towards the overall market growth during the assessment period.
Moreover, the Asia Pacific region is projected to witness escalating demand for the products during the estimated timeline. This aspect is projected to drive the growth of the packaged rice noodles market in the coming years. Furthermore, the North American market has a huge untapped market growth potential due to the huge presence of the working population in countries like the U.S. and Canada.
Global Packaged Rice Noodles Market: Competitive Players
Key players involved in the packaged rice noodles business include Acecook Vietnam, Nissin Foods, Leong Guan Food Manufacturer, Thaitan Foods International, Thai President Foods, and Thai Preserved Food Factory.
Global Packaged Rice Noodles Market: Regional Segment Analysis
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