The “Packaged Rice Snacks Market by Product and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. According to the report, the global packaged rice snacks market will observe an incremental growth of USD 4.16 billion industry between 2020 and 2026, expanding at a CAGR of 5.66% during the forecast period. APAC will emerge as the key market in terms of revenue generation. The region will account for 84% of the global market share over the forecast period.
The 120-pages report segments the global packaged rice snacks market by product (rice cakes, RCCB, and rice crisps) and geography (APAC, North America, Europe, South America, and MEA).
The rice cakes segment will have the largest share of the market. Rice cake is available in various flavors such as chocolate crunch, white cheddar, apple cinnamon, and caramel corn. Variations of rice cakes are available in different countries. The increasing popularity of rice cakes is encouraging vendors to introduce certified organic variants of rice cakes. For instance, Lundberg Family Farms offers organic variants of caramel rice cakes, brown rice cakes, salted rice cakes, and sweet rice cakes. Besides, the increasing number of new product launches and the emergence of organic varieties of rice cakes are fostering the growth of the segment.
The market is driven by the health benefits offered by packaged rice snacks. In addition, the increasing number of new product launches is anticipated to boost the growth of the packaged rice snacks market during the forecast period.
Rice snacks are among the healthiest snack variants. They rice snacks made from brown rice, which has significant health benefit as it is rich in fiber, photochemicals, and carbohydrates. Also, these snacks contain iron, magnesium, and zinc. They provide complex carbs for energy and antioxidant phytochemicals for healthy cells. The fiber content in packaged rice snacks helps in reducing inflammation, improving gut health, and boosting metabolism. Moreover, rice is considered to be a significant energy source as it contains a high amount of whole grain. Many such health benefits associated with the consumption of rice snacks are driving the growth of the market.
Read more of the latest industry news and developments here: April 2022 Single Issue form – International Confectionery Magazine (in-confectionery.com)