The rice noodles market is prognosticated to observe considerable growth during the forecast period of 2021-2031. The rising popularity of gluten-free food is leading to an increase in the demand for rice noodles to a great extent. Thus, this aspect will bring substantial growth for the rice noodles market.
Many consumers have become health conscious over the years. The expanding requirement for nutritious food among a large chunk of the global populace will set the stage for the growth of the rice noodles market. Furthermore, the rising prevalence of celiac diseases is boosting the demand for gluten-free products. These factors bode well for the growth of the rice noodles market.
Rice noodles are made from rice flour and water. These noodles are said to be originated from China. These noodles come in a variety of types such as vermicelli, wide, stick, and others. On the basis of cooking method, the rice noodles market can be segmented into instant and conventional. Hypermarkets, convenience stores, online, D2C, supermarkets, and others are some prominent distribution channels across the rice noodles market.
The report on the rice noodles market by Transparency Market Research (TMR) has various points and factors that make the stakeholder aware of the existing competitive scenario. Furthermore, the report includes the demographic landscape, industrial insights, and the latest trends that prove to be of great help to the CXOs and stakeholders. The COVID-19 pandemic effect has also been included in the report.
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The rice noodles market is highly competitive. Numerous players are involved in fierce competition for gaining a considerable consumer base. The players invest in research and development activities for gaining an upper hand in terms of revenue share by developing numerous formulations. These formulations help in boosting the revenues of the players, eventually increasing the growth rate of the rice noodles market.
Mergers, acquisitions, joint ventures, and collaborations are crucial for the overall growth of the rice noodles market. These activities help in cementing the foothold of the players in the rice noodles market, ultimately contributing to the growth of the rice noodles market.
Some well-established players in the rice noodles market are McCormick & Company, Inc., Thai President Foods Public Company Limited, Natural Earth Products, Inc., Annie Chun’s, Inc., Nasoya Foods USA, LLC, NONGSHIM CO., LTD., Embridge Foods, Inc., and Nona Lim, LLC.
Adoption of Vegan Dietary Patterns to Bring Considerable Growth Opportunities
Rising disposable income of many consumers around the world coupled with an increase in the adoption of vegan dietary patterns are extrapolated to bring extensive growth opportunities during the forecast period. Furthermore, the growing popularity of rice noodles as a rich source of essential minerals and vitamins will present a plethora of growth opportunities. All these aspects will bring immense growth for the rice noodles market.
Presence of Essential Nutrients and Minerals in Rice Noodles to Boost Growth Prospects
Rice noodles can be said to be a treasure house of essential nutrients. These noodles contain antioxidants, selenium, magnesium, and others. The presence of these minerals are said to minimize cancer and cardiovascular diseases risk. Thus, based on these aspects, the demand for rice noodles is expected to rise.
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The Asia Pacific region is estimated to attract massive growth for the rice noodles market during the forecast period. The presence of a large consumer base of rice noodles in countries like Japan, China, Indonesia, etc. coupled with rising awareness about the benefits of rice noodles in other countries will set the stage for the growth of the rice noodles market in the Asia Pacific.
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