COVID-19 Impact & Recovery Analysis | Rice Noodles Market in APAC (2020-2024) | Increasing Demand for Gluten-free Products in APAC to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#RiceNoodlesMarketinAPAC–Technavio has been monitoring the rice noodles market in APAC and it is poised to grow by USD 855.18 mn during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio�s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What are the major trends in the market?
  Product launches is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
• The year-over-year growth for 2020 is estimated at 5.24% and the incremental growth of the market is anticipated to be $ 855.18 mn.
• Who are the top players in the market?
  Acecook Vietnam Joint Stock Co., Kikkoman Corp., Leong Guan Food Manufacturer Pte Ltd., Manassen Foods, NISSIN FOODS HOLDINGS Co. Ltd., PT INDOFOOD SUKSES MAKMUR Tbk, Thai President Foods Public Co. Ltd., THAITAN FOODS INTERNATIONAL Co. Ltd., The Kraft Heinz Co., and Vietnam Food Industries Joint Stock Co, are some of the major market participants
• What is the key market driver?
  The increasing demand for gluten-free products in APAC is one of the major factors driving the market.
• How big is the Rest of APAC market?
  The APAC region will contribute 34% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acecook Vietnam Joint Stock Co., Kikkoman Corp., Leong Guan Food Manufacturer Pte Ltd., Manassen Foods, NISSIN FOODS HOLDINGS Co. Ltd., PT INDOFOOD SUKSES MAKMUR Tbk, Thai President Foods Public Co. Ltd., THAITAN FOODS INTERNATIONAL Co. Ltd., The Kraft Heinz Co., and Vietnam Food Industries Joint Stock Co. are some of the major market participants. The increasing demand for gluten-free products in APAC will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rice noodles market in APAC 2020-2024: Segmentation

Rice noodles market in APAC is segmented as below:

• Product
  • Rice Vermicelli
  • Rice Stick
  • Others
• End-user
  • Retail
  • Foodservice
• Geography
  • China
  • Thailand
  • Vietnam
  • Indonesia
  • Rest Of APAC

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Rice noodles market in APAC 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The rice noodles market in APAC report covers the following areas:

• Rice noodles market in APAC Size
• Rice noodles market in APAC Trends
• Rice noodles market in APAC Industry Analysis

This study identifies product launches as one of the prime reasons driving the Rice noodles market growth in APAC during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Rice noodles market in APAC 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist rice noodles market growth in APAC during the next five years
• Estimation of the rice noodles market size in APAC and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the rice noodles market in APAC
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of rice noodles market vendors in APAC

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five Force Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Rice vermicelli – Market size and forecast 2019-2024
• Rice stick and others – Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Retail – Market size and forecast 2019-2024
• Foodservice – Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• China – Market size and forecast 2019-2024
• Thailand – Market size and forecast 2019-2024
• Vietnam – Market size and forecast 2019-2024
• Indonesia – Market size and forecast 2019-2024
• Rest of APAC – Market size and forecast 2019-2024
• Market opportunity by geography

Market Drivers

• Volume driver – Demand led growth
• Volume driver – Supply led growth
• Volume driver – External factors

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Acecook Vietnam Joint Stock Co.
• Kikkoman Corp.
• Leong Guan Food Manufacturer Pte Ltd.
• Manassen Foods
• NISSIN FOODS HOLDINGS Co. Ltd.
• PT INDOFOOD SUKSES MAKMUR Tbk
• Thai President Foods Public Co. Ltd.
• THAITAN FOODS INTERNATIONAL Co. Ltd.
• The Kraft Heinz Co.
• Vietnam Food Industries Joint Stock Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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