A comprehensive market research report on the global rice noodles market has been recently added by Alchemy Market Research to its large volume of database. The global market for rice noodles was USD 3.30 billion in 2019 and is projected to reach USD 10.90 billion at the CAGR of 14.2% over the forecast period. The competitive landscape of the global market for rice noodles has been explored in various global market regions such as Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA) and Latin America. Effective qualitative and quantitative methods of analysis have been used to accurately examine the global market for rice noodles. Variable factors, including vendors, sellers and investors, are discussed in the report. In addition, this analytical repository offers a detailed market investigation based on historical records, current statistics and future market forecasts for rice noodles. The report presents all the latest technological innovations, trends in the industry and the latest innovative product overview.
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Driving Factors:
- The rising occurrence of celiac ailment among global consumers has prompted them to intake gluten-free products like rice noodles and this has offered huge market growth opportunities for the packaged rice noodles, thereby driving the global rice noodle market.
- Also, the increasing availability of distribution channels like Hypermarkets and supermarkets accounted for the largest market share in the market. The availability of rice noodles in hypermarkets and supermarkets is increasing by the growing number of Asian immigrants across the global regions.
- Also, the increasing population having digestive disorders and weight-related issues has increased the popularity of rice noodles in the market.
- Furthermore, knowledge of the health benefits derived owing to the intake of the product among both the manufacturers and consumers will assist the market to flourish the market growth over the forecast period.
Restraining Factors:
The global Rice Noodles market has been affected by the viral outbreak of the COVID-19 pandemic worldwide. Almost different offline food chains, such as cafeterias and restaurants, are shut down completely in different economies. It therefore affects the market for rice noodles.
the Leading Companies in the Rice Noodles Market:
- Thai President Foods Public Company Limited
- NONGSHIM CO., LTD
- McCormick & Company, Inc
- Natural Earth Products, Inc
- Annie Chun’s, Inc
- Nasoya Foods USA, LLC
- Nona Lim, LLC
- TOYO SUISAN KAISHA, LTD
- Embridge Foods, Inc
- Lotus Foods, Inc
Regional Insights
- The global rice noodles market has been scrutinized into various global market regions including North America, Asia-Pacific, Africa, and Europe, Latin America, and the Middle East based on various global market segments sub-segments.
- Furthermore, the Asia Pacific region is expected to mark an impressive demand for the products over the forecast timeline. The Asia Pacific held the largest share for rice noodles and there is a strong demand for rice noodles across Cambodia, China, Myanmar, Laos, Malaysia, Philippines, Indonesia, Thailand, and Vietnam. Also, various popular dishes prepared using rice noodles include Beef chow fun, Kwetiau Goreng, Khao soi, Nan gyi thohk, Pancit Luglug, and Banh hoi.
- Moreover, a positive outlook on the retail sector in emerging economies such as India and China is projected to fuel the growth of the market. Urbanization coupled with changing consumer habits due to the rising working population has resulted in driving the demand for convenience food products.
- The North American market has an expansive market growth potential owing to the huge presence of the working population in developed countries like the U.S. and Canada. North America is projected to be the fastest-growing regional market and will expand at a notable CAGR over the forecast period. Moreover, a growing number of Asian restaurants and increasing migration of the Asian population to Canada, Mexico, and the U.S., are the major factors investing in the growth of the regional market. The innovative concept of instant rice noodles is also attracting a large number of Americans to use those products. The ease of preparation makes it a feasible diet option for working professionals.
The global informative report has been compiled with the help of the following attributes:
- Detailed insights into the global rice noodles market based on market structure, scope, profitability, and market potential
- Precise assessment of the global market size, share, market growth rate demand, and sales volume.
- The regional outlook of the global rice noodles market over the forecast period
- Informative market insights collected from global case studies, press releases, interviews with c level professionals, and high-quality white papers
- The acumen of upcoming opportunities and potential threats and risks identified in the global rice noodles market
- Collectively, this informative report provides market intelligence by analyzing various global market dynamics such as drivers, restraints, and opportunities.
Key Questions Answered Through This Global Market Research Report:
- What is the global rice noodles market?
- Which companies are focusing on business expansions in the rice noodles market?
- What is the impact of the Covid-19 viral outbreak on the rice noodles market?
- Which end-users are demanding the global rice noodles market growth over the forecast period?
- Which factors are boosting the demand for the rice noodles market?
- What are the leading industry verticals demanding the rice noodles market?
- Which factors are restraining the global rice noodles market?
- What are the technological advancements and the latest trends in the rice noodles market?
- What is the effective business methodologies carried out by leading companies in the global rice noodles market?
- What will be the global market size and market shares over the forecast period?
- What are the effective marketing methodologies carried out by leading key players?
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