According to the latest report by IMARC Group “Rice Noodles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global rice noodles market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during the forecast period (2021-2026).
Rice noodle is a translucent and thin noodle made using rice flour, water and salt. They can be thick or thin while including tapioca or corn starch to improve their gelatinous texture. Rice noodles are most commonly used in East and Southeast Asian cuisines and are available in fresh, frozen, or dried variants, in various shapes and thicknesses.
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Market Trends:
The increasing popularity of traditional Asian cuisines represents one of the key factors driving the global rice noodles market growth. In line with this, the noodles are extensively used in the preparation of traditional Asian dishes, stir-fries, salads, and soups, and noodle-based fusion dishes in hotels, cafes, and quick serving restaurants (QSRs). Moreover, rising health-consciousness is acting as another major growth-inducing factor as rice noodles are a rich source of essential vitamins and minerals that aid in improving digestion. Other factors, such as the launch of ready-to-eat (RTE) instant rice noodles in multiple flavors and the increasing adoption of a vegan diet among consumers, are creating a positive outlook for the market further.
Breakup by Cooking Method:
- Instant
- Conventional
Breakup by Product:
- Vermicelli
- Stick
- Wide
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Annie Chun’s Inc. (CJ CheilJedang),
- JFC International Inc. (Kikkoman)
- Lotus Foods Inc.
- McCormick & Company Inc.
- Nasoya Foods USA LLC (Pulmuone Foods Co. Ltd.)
- Natural Earth Products Inc.
- Nona Lim LLC.
- Nongshim Co. Ltd.
- Roland Foods LLC
- Thai President Foods Public Company Limited
- Ying Yong Food Products.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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