Global Instant Rice Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Instant Rice Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Instant rice is rice that has been precooked. Some types are microwave ready. Some types are dehydrated so that they cook more rapidly. Regular rice requires 18–30 minutes to cook while instant rice needs 1–7 minutes. Because it has already been cooked, all that is necessary to prepare instant rice is to simply microwave it or re-hydrate it with hot water. The major advantage of instant rice is the rapid cooking time.

Market Overview:

The latest research study on the global Instant Rice market finds that the global Instant Rice market reached a value of USD 1726.4 million in 2022. It’s expected that the market will achieve USD 2428.42 million by 2028, exhibiting a CAGR of 5.85% during the forecast period.

The COVID-19 Outbreak has spurred consumption of instant rice

Instant rice, as one of the convenient instant foods, became popular during the epidemic, making it a good choice for security supplies. In order to meet the needs of the society, some instant rice companies have resumed work in advance, while ensuring the supply of frontline personnel in the epidemic situation, through various measures to guarantee consumer demand.

Upstream and downstream interactions will lead to disruption of business

The epidemic will have a short-term impact on instant rice industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in instant rice industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Affect the normal operation of the industry

The impact of COVID-19 on the instant rice industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Technical limitations

Various heating technologies for instant rice have appeared one after another, but all have their shortcomings, and it is easy to appear that the rice is not cooked.

Immature market

The market size of the instant rice industry is not very big and develops not so quickly, and the market is not in a mature stage of development. In addition, the market concentration is not so high.

The rice-based population will gradually expand

The number of people who live on rice as their staple food will gradually increase. In view of the superiority of rice and its close relationship with health. It will become the main food for more than half of the planet's population. According to statistics, in recent years, the world's rice consumption has an increasing trend, which shows that the staple rice population is increasing.

Convenience of food

The accelerated pace of life in the new era has prompted people to change their traditional lifestyles. There is an increase in the demand for convenient and fast food.

Region Overview:

In 2022, the share of the Instant Rice market in Japan stood at 22.19%.

Company Overview:

CJ Cheil Jedang is one of the major players operating in the Instant Rice market, holding a share of 8.55% in 2023.

CJ Cheil Jedang

CJ CheilJedang Corporation manufactures processed food products. The Company's products include refined sugar, monosodium glutamate (MSG), condiment, wheat powder, flour, cooking oil, processed meats, and animal feed. CJ CheilJedang also manufactures pharmaceutical and household products.

Maruchan

Maruchan provides food products. The Company offers dry macaroni, spaghetti, vermicelli, and noodles.

Segmentation Overview:

Among different product types, White Rice segment is anticipated to contribute the largest market share in 2028.

White Rice

The difference between brown rice and white rice is mainly reflected in four aspects, which are appropriate crowd, taste, nutritional effect and appearance. White rice is suitable for all people. The taste of white rice is much finer than that of brown rice. In addition, the main ingredient contained in white rice is starch, which can enhance everyone's physique. Moreover, white rice is a product that removes all the chaff, peel, seed coat, etc. of the rice, leaving only the endosperm part, and the color is white.

Brown Rice

The difference between brown rice and white rice is mainly reflected in four aspects, which are appropriate crowd, taste, nutritional effect and appearance. Brown rice can be eaten by the general population, and is particularly suitable for people with obesity, gastrointestinal dysfunction, anemia, constipation, etc. Moreover, brown rice has a thick taste in the inner protective cortex, bran wax, etc., and it takes more time to cook. In addition, brown rice is rich in fiber material, which can supplement the fiber in the body, can enhance the body's resistance and immunity, and brown rice just removes the outer shell of the rice, and the rest is retained. The color is usually dark brown or light brown.

Others

In addition to white rice and brown rice, there are also other kinds of instant rice, such as instant multigrain rice, consisting of grains, soybeans, black rice and purple rice

Application Overview:

By application, the Hypermarket/Supermarket segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Instant Rice market covered in Chapter 3:

SAGE V FOODS
Ottogi
CJ Cheil Jedang
Mars
TableMark
Veetee Rice
Ebro Foods
Maruchan (Toyo Suisan)

In Chapter 4 and Chapter 14.2, on the basis of types, the Instant Rice market from 2018 to 2029 is primarily split into:

White Rice
Brown Rice
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Instant Rice market from 2018 to 2029 covers:

Hypermarket/Supermarket
Grocery Store
Online
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)