Rice-Based Products Market Size Worth $368.00 Billion By 2032 | CAGR: 6.3%

The global rice-based products market size is expected to reach USD 368.00 billion by 2032, according to a new study by Polaris Market Research. The report “Rice-Based Products Market Share, Size, Trends, Industry Analysis Report, By Product (Rice Snacks, Rice Noodles, Rice Puddings, Rice Cakes, Rice Balls, Others); By Distribution Channel, By Type; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rice are helpful in production and manufacturing of various products like rice milk which is used in the Asia Pacific region as vegan diets and it gain popularity. Dairy products including smoothies, milkshakes, pastries, and ice cream can all be made using rice milk instead of regular dairy milk. Rice based products are not only used for food purpose but also for skin care product in Asia pacific region, product like rice water which is helpful for skin protection benefits such as skin conditions, to brighten skin, soothing for sunburned skin, etc.

The product variety & innovation in a diverse flavor, such as chili-lime shrimp, creamy mushroom, & roast chicken, among others, such factor are boosting the instant noodles sector. Rice-based products like rice wine and rice vinegar is used now a day to cook, for their strong smell and test.  Also rice vinegar used as a preservative to protect food from microbes because it contain lactic acid.

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The rice-based products market is boosted due to the innovation by industry players such as roquette which lunch new rice protein in June 2022, for a healthier lifestyle and provides nutritional benefits such as special diet foods, sports snacks, or nutrition. This rice protein is the best alternative to dairy and meat protein for vegetarian consumers. In the personal care sector, rice based products are used for body care, face care, hair care and body cleansing, color cosmetics, and sun care.

Rice-based products Market Report Highlights

• The rice noodles segment is anticipated to grow at a high CAGR over the forecast period owing to its low price and high in carbohydrates, fats, and sodium, which provide energy to the consumers.
• Supermarkets and hypermarkets accounted for high global revenue share which is accelerated by the availability of more variety of goods, freedom of selection, and discount offers.
• Conventional goods sector is expected to hold the significant market share over the forecast period due to its benefits including a longer shelf life and low product price of conventional goods over organic one.
• Asia pacific is expected to grow rapidly over the projected period on account of the high consumption and production of rice-based products over various Asian country. Also increasing consumer awareness regarding health benefits of rice products over fast food.
• The global players include Thai President Foods Public Company, Nona Lim, Lotus Foods, Annie Chun's, Element Snacks, and Quaker Oats.

Polaris Market Research has segmented the rice-based products market report based on product, distribution channel, type, and region:

Rice Based Product, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Rice Snacks
• Rice Noodles
• Rice Puddings
• Rice cakes
• Rice Balls
• Others

Rice Based Product, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Supermarket/ Hypermarket
• Online
• Others

Rice Based Product, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Conventional
• Organic

      Rice Based Product, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa