According to a recent report by Reports and Data, the Stick Rice Noodles Market is projected to reach a size of USD 12.87 Billion by 2030 and register a revenue CAGR of 14.1% during the forecast period. The market's growth is primarily attributed to the rapid expansion of the food and beverage industry.
Furthermore, the rise in disposable income and the increasing adoption of vegan eating habits are expected to offer significant growth opportunities in the coming years. The market is also likely to benefit from the growing popularity of rice noodles as a rich source of essential vitamins and minerals. Overall, these factors are expected to contribute significantly to the growth of the Stick Rice Noodles Market.
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Top Companies Operating in the Global Stick Rice Noodles Market Report:
Thai President Foods Public Company Limited, Nasoya Foods USA, LLC, Toyo Suisan Kaisha, Ltd, Nongshim Co., Ltd, McCormick & Company, Inc., JFC International Inc., Ying Yong Food Products, Nona Lim LLC, Annie Chun’s, Inc., Lotus Foods Inc., Embridge Foods, Inc., Leong Guan Food Manufacturer Pte Ltd., Nissin Food Products Co., Ltd, and JD Food Products Pvt Ltd.
Major Driving Factors of Stick Rice Noodles Market
The Stick Rice Noodles Market is being driven by various factors, including the rapid growth of the food and beverage industry. Additionally, the rising adoption of vegan eating habits and increasing disposable income are expected to contribute to the growth of the market.
Furthermore, the popularity of rice noodles as a rich source of vital minerals and vitamins is expected to provide a range of growth opportunities for the market. These factors, along with the expanding demand for convenient and healthy food options, are likely to fuel the growth of the Stick Rice Noodles Market during the forecast period.
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This report analyzes the Stick Rice Noodles Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Stick Rice Noodles Market is provided to gain a deeper understanding of its growth and progress.
The global Stick Rice Noodles Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Outlook (Revenue, USD Billion; 2019-2030)
- Vermicelli
- Stick
- Wide
- Others
Cooking Methods Outlook (Revenue, USD Billion; 2019-2030)
- Instant Rice Noodles
- Conventional Rice Noodles
Source (Revenue, USD Billion; 2019-2030)
- White Rice Noodle
- Brown Rice Noodle
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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