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Global Rice Noodle Market By Type (Chinese Style, Western Style And Others), By Distribution Channel (Supermarkets, Convenience Stores, Independent Retailers And Others) And By Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023– 2028)

Published: March, 2023
ID: 5505
Pages: 175
Formats: report pdf report excel report power bi report ppt

Rice Noodles Market Value, Size, Growth(2023-2028)

Global Rice Noodles Market size was worth US$ 18.22 billion in 2023 and is predicted to have US$ 35.55  billion by 2028 and register a CAGR of 14.30 % during 2023-2028

Rice Noodles Market Scenario

Rice flour and water are well combined in order to prepare rice noodles. It is thought that China is where these noodles first appeared. There are numerous sizes and styles of these noodles, including vermicelli, broad, stick, and others. The market for rice noodles has grown significantly in recent years, and this trend is anticipated to continue in the years to come. The expansion of the rice noodle sector can be ascribed to an increase in investments in R&D, the entry of new players, product innovation, technological advancements, efficient resource allocation, and increased competitiveness among competitors to broaden their geographical and client bases. White and brown rice are the main ingredients used to make rice noodles. They do not contain any other micronutrients and are primarily a source of carbohydrates. Noodles are made with additional ingredients that improve their clarity and chewy texture, such as cornstarch or tapioca. Next to boiled rice grain, rice noodles are the most popular rice food consumed worldwide. As a soup noodles, noodles are heated in a soup after being mixed with vegetables, herbs, and meats.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

14.30%

Segments Covered

By Type, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

JFC International, Ying Yong Food Products, Nan Shing Hsinchu, American Roland Food Corp, Mandarin Noodle Manufacturing, Eskal, Leong Guan Food Manufacturer, Nature soy and Others.

Rice Noodles Market Drivers

In the near future, favorable legislation, government regulations, and incentives are anticipated to fuel the growth of the rice noodle market. As disposable income rises, consumers' purchasing power will rise as well, resulting in a successful rice noodle market growth. The market is expected to develop as a result of the product's inherent gluten-free nature due to the absence of wheat flour, which makes it appropriate for those who have celiac disease and gluten sensitivity. On the other hand, the demand for gluten-free goods is rising, which increases demand for rice noodles. Noodles are a common dish among people in Asia. It is convenient, simple to prepare, flavorful, full of nutrients, and receives excellent reviews outside of Asia. Rice noodles are typically produced using flour, water, salt, and several optional ingredients. Rice noodles offer excellent textures and little cohesiveness because they don't contain gluten. Rice starches are gelatinized to any size when they are steamed, which aids in the influence of gluten on rice-based noodles. The preference for gluten-free noodles is a result of their positive health advantages, which include a reduction in the risk of allergic reactions and celiac disease as well as a lower glycemic index for diabetics. Noodles of high quality have a vibrant colour, a lengthy shelf life free of microbiological deterioration and oxidative rancidity.

Rice Noodles Market Restraints

The market for rice noodles is anticipated to be constrained by the high and regular consumption of noodles, which is not seen to be efficient given how they are prepared and the excessive use of preservatives, artificial colors, and flavouring. Of contrast, a deficiency in vital minerals could limit rice noodles' market growth.

Recent Developments in the Global Rice Noodles Market

  • A new ready-to-eat packaged meal called Papa Pancitan was introduced in January 2021 by The Moment Group, a Philippine-based manufacturer of packaged foods, and it features rice noodles as a main component. This product was introduced by the corporation as part of its delivery-only business.

Rice Noodles Market Segmentation

By Product:

  • Stick

  • Vermicelli

In 2019, rice stick noodles had a revenue share of more than 40.0%. These items have been modified to fit the regional tastes of numerous nations as a result of their versatility. Many other recipes, such as Ka Teu, char kway teow, Asam Laksa, Pancit Bihon, Mohinga, Bihun, Khao Poon, Khao Soi are prepared with these ingredients. There are additional goods created from brown rice that are regarded as being highly healthful. These items include rice bran and germ, making the noodles nutrient-rich.

From 2022 to 2027, the segment for vermicelli rice noodles is anticipated to grow at the fastest rate, 15.0%. Vermicelli's delicate texture makes it ideal for quick cooking and is frequently used to make stir-fries, salads, and soups. It is a common morning food in many Chinese areas. The popularity of blended rice vermicelli noodles, which are created from a combination of rice and other grains, is also increasing. Additionally, these items are said to be better for digestion and offer a healthier blend of nutrients.

By Cooking Method:

  • Instant

  • Conventional

In 2019, conventional rice noodles have a market share of more than 50.0%. These can be prepared using a wide range of ingredients, giving you the opportunity to control the dish's flavour and taste. These goods are safe for routine eating without having any additional negative impacts on health because they are just dry or frozen noodles that contain little to no preservatives.

With a CAGR of 14.7% from 2022 to 2027, the instant noodle segment is anticipated to experience the fastest growth throughout the forecast years. These offer the chance to be prepared and consumed on the go and are more suited for the fast-paced lifestyle. Many of these can be prepared in under five minutes. Numerous corporations have been investing in the R&D of healthier, chemical-free versions of their products. These come in an enormous selection of tastes and give consumers a wide range of options.

By Distribution Channel:

  • Online

  • Offline

In 2019, the offline segment's revenue share was greater than 45.0%. An increasing number of Asian immigrants are moving to different parts of the world, which has increased the availability of rice noodles in supermarkets and hypermarkets. These goods have always been consumed in greater quantities because they are a staple of most Asian diets. The product is appropriate for all supermarkets and hypermarkets due to its necessity.

Rice Noodles Market Regional Analysis 

The Global Rice Noodles Market Report includes the segmentation of Regions:

  • Europe

  • North America

  • Middle East

  • Latin America

  • Asia Pacific

In 2019, Asia Pacific held the greatest share with 65.0%. Asian cuisine relies heavily on rice noodles, which are used to prepare a wide range of cuisines on the continent. In Cambodia, China, Myanmar, the Philippines, Indonesia, Laos, Malaysia, Thailand, and Vietnam, there is a significant market for it.

North America is anticipated to experience the greatest rate of growth among all regions, with a CAGR of 15.9% from 2022 to 2027. The main drivers of the expansion of the local market are the rise in Asian restaurants and the migration of Asians to Mexico, Canada, and the United States. Numerous Americans are being enticed to try the product by the idea of instant rice noodles. It is a workable diet choice due to how simple it is to prepare.

Rice Noodles Market Key Players

  1. Thai President Foods Public Company Limited

  2. NONGSHIM CO., LTD.

  3. Nasoya Foods USA, LLC

  4. Nona Lim, LLC.

  5. McCormick & Company, Inc.

  6. Lotus Foods, Inc.

  7. Annie Chun’s, Inc.

  8. Embridge Foods, Inc.

  9. Natural Earth Products, Inc.

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FAQ's

What can be the total Rice Noodles Market value?

Global Rice Noodles Market size was worth US$ 18.22 billion in 2023 and is predicted to have US$ 35.55  billion by 2028 and register a CAGR of 14.30 % during 2023-2028

Mention the region which has the largest share in the Rice Noodles Market ?

Asia Pacific region is expected have the largest market share of the global Spices and Seasonings Market.

Name any three Rice Noodles Market key players?

Thai President Foods Public Company Limited, NONGSHIM CO., LTD and TOYO SUISAN KAISHA, LTD. are the global Rice Noodles Market key players

What is the major effecting factor in the global Rice Noodles Market?

The market for rice noodles is anticipated to be constrained by the high and regular consumption of noodles, which is not seen to be efficient given how they are prepared and the excessive use of preservatives, artificial colors, and flavouring.

Mention the latest driver in the global Rice Noodles Market?

In the near future, favorable legislation, government regulations, and incentives are anticipated to fuel the growth of the rice noodle market.

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