Canned Rice Food Market: Global Industry Analysis and Forecast (2023-2029)

Canned Rice Food Market size was valued at US$ 24.46 Billion in 2022 and the total Canned Rice Food revenue is expected to grow at 3.8% through 2023 to 2029, reaching nearly US$ 31.76 Billion.
Canned Rice Food Market Overview:
Rice is one of the world's oldest food crops, and it is a main food for around half of the world's population, particularly in Asia Pacific countries. Rice is a low-cost grain that takes little energy and ingredients to prepare. Rice is one of the most popular meals consumed by people of all ages due to its ease of preparation, global availability, and good digestion. Rice canning is a modern way of serving cooked rice. Raw rice is cooked in water at a lower temperature than boiling, then canned and sealed according to specifications. The cans are then cooled, and the product is left in the cans for so many days before being served. Canned rice food has gained enormous popularity in recent years, Canned Rice Food contains the same nutritional properties as cooked rice and saves a lot of time spent in cooking. The large number of companies operating in the market is one of the important drivers expected to boost total market growth in the coming years.To know about the Research Methodology :- Request Free Sample Report

In this report, the Canned Rice Food market's growth reasons and the market's many segments (Rice Type, Product Type, Distribution Channel, and Region.) are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the wiring duct market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Canned Rice Food market situation.
Canned Rice Food Market Dynamics:
Consumption of canned rice food is increased because it provides nutrition value is one of the key factors estimated to accelerate the growth of the overall market in coming years. In order to increase their market penetration and attract new customers throughout the world, leading companies in the Canned Rice Food market are likely to focus on marketing strategy and advertising campaigns.

Rice production covers more than 9% of worldwide cultivated area and is consumed by more than 3.5 billion people, according to a FAO report. 20% of the global population depends on rice for calories. Canned rice has become more popular as a result of its long shelf life, which has resulted in large-scale purchases.

Production volume of canned rice meals preserved in round tin cans in Japan from 2017 to 2022

This statistic shows the production volume of canned rice meals preserved in round tin cans in Japan from 2017 to 2022. In 2022, approximately 493 tons of canned rice-based meals were produced in Japan, a decrease from around 507 tons in 2017.

Rusting of cans and contamination of food items as a result of faulty can sealing are the major obstacles for the canned Rice food market. The Global Canned Rice Food Market is also hampered by widespread beliefs that canned foods contain fewer nutrients as compared to freshly steamed rice.
Canned Rice Food Market Segment Analysis:
By Rice Type, Parboiled basmati rice has its own characteristic odor which extends the market value. It is long grain rice that emphasizes aesthetics and can easily be fertile with masalas and other veggies. The parboiled basmati rice segment is expected to grow at the highest CAGR during the forecast period. Demand for parboiled rice has increased by 1.8% in the manufacturing of canned rice food. Short-grain rice is often utilized in the production of low-cost, additive-rich canned rice food.

By Product Type, Rice-Milk Pudding seems to be the most popular product in the Canned Rice Food market. In the Asia-Pacific region, baby food and plain and flavored cooked rice have seen a 2.1 % increase. Fried Rice and Rice & Beans in Canned Rice Food have also seen a 4% rise in demand due to a shift in consumer preferences toward ready-to-eat foods.

By Application, It has been shown that Convenience Stores and Specialty Stores that provide canned food goods are the most popular stores selling canned rice food. According to online shopping portals, Customers buying Canned Rice Food through various E-Commerce platforms have increased by 7% during the forecast period.
Canned Rice Food Market Regional Insights:
North America dominated the worldwide Canned Rice Food Market and maintain a significant share during the forecast period. North America is the largest consumer of canned rice food because of its preference for canned foods. The region's fast-paced lifestyle and time-starved population have led in a 3% increase in demand for canned rice food. Flavored Cooked Rice and Rice & Beans are the most popular items in North America, accounting for more than 45 % of total sales.

Europe Canned Rice Food revenue increased by 2.7 % in Europe, owing to a preference for caloric intake, low-fat meals, and a lack of time to prepare home-cooked meals.

Asia-Pacific is the world's largest rice producer, with the ASEAN area accounting for more than 30% of production and 25% of revenue in the Global Canned Rice Food Market. In this region, nearly every canned rice food product is consumed in large quantities. Therefore, the market is expected to grow during the forecast period.

Canned Rice Food Market in South America has been slowly declining due to a preference for fresh food. Rice-Pudding is the most popular product in this area, accounting for about 4% of the total revenue generated by the Global Canned Rice Food Market. The market in the Middle East and Africa is growing slowly, owing to a variety of economic and societal restrictions.

The objective of the report is to present a comprehensive analysis of the Canned Rice Food market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps understand the Canned Rice Food market dynamics and structure by analyzing the market segments and projecting the Canned Rice Food market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Canned Rice Food market make the report investor’s guide.
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Canned Rice Food Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 24.46 Bn.


Forecast Period 2023 to 2029 CAGR:
3.8%
Market Size in 2029:
US $ 31.76 Bn.


 Segments Covered:
by Rice type
• Long grain rice (Parboiled basmati rice)
• Medium grain rice
• Short grain rice


by Product type
• Plain & flavored cook rice
• Baby Food
• Rice-Milk Pudding
• Fried Rice
• Rice and Beans
• Others


by Application
• Supermarkets
• Convenience stores
• E-Commerce
• Specialty store
• others



Canned Rice Food Market, by Region:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Canned Rice Food Market Key Players are:
• Suma Wholefoods
• Phalada Pure & Sure
• Bunalun USA
• Trader Joe’s
• Ceres Organics
• Bush Brothers & Company
• Eden Foods, Inc.
• Faribault Foods, Inc.
• Wild Oats Marketing, LLC
• Fine Package Co. Ltd.
• Variety Fruits UK
• Innovus Engineering Ltd.
• A Schmidt & Co. GmbH
• Tuchel & Sohn GmbH
• GERGE
• K Food Inc.
• Durebang Foods Inc.
• Herfraga
• Anhui Jiayuan Food Co. Ltd.
• Wenzhou XIFA Industrial Co. Ltd.

FAQs:

1. What are the key drivers of the Canned Rice Food Market?
Ans. consumption of canned rice food is increased because it provides nutrition value is one of the key factors estimated to accelerate the growth of the overall market in coming years.

2. What is the restraint in Canned Rice Food Market during the forecast period?
Ans. Rusting of cans and contamination of food items as a result of faulty can sealing are the major obstacles for the canned Rice food market. The Global Canned Rice Food Market is also hampered by widespread beliefs that canned foods contain fewer nutrients as compared to freshly steamed rice.

3. What is the projected market size & growth rate of the Canned Rice Food Market?
Ans. Canned Rice Food Market size was valued at US$ 24.46 Billion. in 2022 and the total Canned Rice Food revenue is expected to grow at 3.8% through 2023 to 2029, reaching nearly US$ 31.76 Billion.

4. What segments are covered in the Canned Rice Food Market report?
Ans. The segments covered are Rice Type, Product Type, Distribution Channel, and Region.