What is Global Packaged Rice Noodles Market?
The Global Packaged Rice Noodles Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the packaged rice noodles industry worldwide. This market encompasses the production, distribution, and sales of packaged rice noodles, a popular food item in many countries. The market is driven by factors such as increasing consumer preference for convenience foods, growing awareness about the health benefits of rice noodles, and the expansion of retail channels in emerging economies. The market includes various types of packaged rice noodles such as instant, fresh, and dried, catering to different consumer needs and preferences. The report provides an in-depth analysis of the market size, share, growth rate, trends, and forecast for the period 2021-2026.
Rice Vermicelli, Rice Stick in the Global Packaged Rice Noodles Market:
Rice Vermicelli and Rice Stick are two popular types of packaged rice noodles that have a significant share in the Global Packaged Rice Noodles Market. Rice Vermicelli, also known as rice noodles or rice sticks, are thin noodles made from rice and are a staple in many Asian cuisines. They are often used in soups, stir-fries, and salads. On the other hand, Rice Stick is a thicker version of rice noodles, often used in dishes like Pad Thai. The demand for these products is driven by their versatility, ease of preparation, and health benefits. They are gluten-free, low in fat, and a good source of carbohydrates, making them a preferred choice for health-conscious consumers. The market for these products is expected to grow due to increasing consumer preference for Asian cuisine and the growing trend of home cooking.
Online Sales, Offline Retail in the Global Packaged Rice Noodles Market:
The Global Packaged Rice Noodles Market is segmented into online sales and offline retail. Online sales refer to the purchase of packaged rice noodles through e-commerce platforms, online grocery stores, and company websites. This segment has seen significant growth in recent years due to the convenience of online shopping, wide product availability, and competitive pricing. Offline retail includes supermarkets, hypermarkets, convenience stores, and specialty stores. Despite the growth of online sales, offline retail still holds a significant share in the market due to factors like immediate product availability, the ability to physically check the product before purchase, and in-store promotions. Both these segments play a crucial role in the distribution and sales of packaged rice noodles.
Global Packaged Rice Noodles Market Outlook:
Looking at the market outlook for the Global Packaged Rice Noodles Market, it's clear that the industry is on an upward trajectory. In 2023, the market was valued at a substantial US$ 1801.1 million. Fast forward to 2030, and it's projected to reach an impressive US$ 2208.7 million. This represents a compound annual growth rate (CAGR) of 3.0% during the forecast period from 2024 to 2030. This growth can be attributed to various factors such as increasing consumer preference for convenience foods, growing awareness about the health benefits of rice noodles, and the expansion of retail channels in emerging economies.
| Report Metric | Details |
| Report Name | Packaged Rice Noodles Market |
| Accounted market size in 2023 | US$ 1801.1 million |
| Forecasted market size in 2030 | US$ 2208.7 million |
| CAGR | 3.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Acecook Vietnam, Nissin Foods, Leong Guan Food Manufacturer, Thaitan Foods International, Thai President Foods, Thai Preserved Food Factory |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
