Rice Cakes Market Set to Reach US$ 786.6 Million by 2032: A Comprehensive Analysis of Flavor Variations, Health Attributes, Consumer Preferences, and Market Growth Factors in the Global Rice Cakes Industry

The global rice cakes market is anticipated to record the highest CAGR of 4.2% during the forecast period 2022-2032, from US$ 521.3 Mn in 2022 to reach a valuation of US$ 786.6 Mn by 2032.

Rice cake is a culinary item produced from rice that has been moulded, compressed, or blended into a single piece. It is consumed as a healthy snack to deter people from purchasing unhealthy foods like chips, fries, and other similar items. Rice grains such as the bran, germ, and endosperm are used to make rice cakes, which evolved in Southeast Asia.

In addition, it can serve as a foundation for additional substances. Rice cakes come in a variety of flavours, including caramel, chocolate, apple cinnamon, chicken, and others. Rice has the same exploding qualities as popcorn when heat and pressure are applied, which is how rice cakes are made.

There are numerous varieties of rice cakes on the market, and each one has specific nutritional qualities that are advantageous to consumers. Rice cakes are made from brown rice and contain a lot of fibre. Due to their slow digestion and lack of sodium and fat, rice cakes give out long-lasting energy. They also contain magnesium, manganese, tryptophan, and selenium.

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Despite having low-calorie content, rice cakes are not suitable for weight loss as it is a kind of carbohydrate having a high glycemic index which raises the blood sugar level very fast but its benefits can be fully utilized if used as a substitute for junk foods such as chips, pastries, fries, and others.

Though grains have high nutrient content it is difficult for consumers with celiac disease to consume grains because it may contain gluten which can promote symptoms including bloating, diarrhea and abdominal pains. All these nutritional qualifications of rice cakes drive the global rice cake market.

High glycemic nature of rice cakes could lead to cancer, diabetes, irreversible diabetes and can cause cardiovascular disease. Rice cakes are unsuitable for babies as it contains a high level of arsenic which is linked to health problems including cancer.

Market Segmentation

The rice cake market is segmented on the basis of product type, flavors, raw material, distribution channel and packaging type. On the basis of product type, rice cake market can be segmented as mochi (Japanese rice cakes), Puffed rice cakes (North American rice cakes) and others. On the basis of flavor type, rice cake market can be segmented as chocolate, apple cinnamon, chicken, caramel, and others.

On the basis of raw material, rice cake market can be segmented into white rice and brown rice. Mainly maximum production of rice cake takes place with the help of brown rice. On the basis of distribution channel, rice cake market can be segmented into modern trade, specialty stores, convenience store, online stores and other retail stores.

On the basis of packaging type rice cake market can be segmented into pillow pouches, stick packs, snack-sized portion bags and others. These innovative packaging types do attract the kids for opting the product of that particular brand.

Market Regional Outlook

The regional segment for the market of Rice Cake is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. Rice cakes are traditional in APEJ and Japan, including China, India, Vietnam, Korea, Malaysia, and others. North America rice cake market is also witnessing growth with the innovations in the varieties of rice cake.

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Key Players

Some of the key players in the rice cake market includes Quaker Oats Company, Mars Incorporated, Element Snacks, Inc., Lundberg, Tastemorr Snacks, RACIO, s.r.o. and Sanorice.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Key Segments Profiled in the Rice Cakes Market Survey

By Type:

  • Mochi
  • Puffed Rice Cakes

By Flavour:

  • Chocolate
  • Apple Cinnamon
  • Caramel
  • Chicken

By Packaging:

  • Pillow Pouches
  • Stick Packs
  • Snack-Sized

By Distribution Channel:

  • Specialty Stores
  • Convenience Stores
  • Retail
  • E-Commerce

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • The Asia-Pacific
  • Japan
  • The Middle East and Africa

Frequently Asked Questions

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