Global
Canned Rice Food Market: Snapshot
The
tremendous rise in working population, especially in emerging
economies, has fueled the demand for readymade food products in
across the world considerably. People, these days, have no time to
prepare their meal, which has resulted in an escalated dependence on
canned food, of which canned rice food is a significant part, as they
do not require cooking but are rich in nutrients. The surge in the
disposable income of consumers, worldwide, is also adding remarkably
to the augmenting demand for canned rice food around the world.
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North
America, Latin America, Asia Pacific, Europe, and the Middle East and
Africa are the main regional market for canned rice food across the
world. Among these, North America has surfaced as the leading
regional market for canned rice food and is anticipated to continue
on the top over the forthcoming years. Apart from this, Europe and
Asia Pacific are also witnessing a significant rise in their
respective markets for canned rice food in the years to come, as the
popularity of organic food product is rising tremendously to a
significant level in both the regions.
The
middle East and Africa is currently reporting a moderate growth in
the global market; however, it is likely to register an increase in
the demand for canned rice food over the next few years.
Canning
is food preservation method in which food content is packed in an air
tight tin container. The tin is sterilized earlier before food item
is kept into it in order to avoid contamination. Canning offers a
shelf life of approximately three years, but under specific
conditions the shelf life can be increased. Canned rice food is a
food item where rice is offered in variety of taste and texture.
Canned rice food products offered by companies are now available in
organic as well as conventional form. One of the popular canned rice
food product is brown rice mixed with kidney beans. Canned rice food
offers an easy in the transportation as well, because the chance of
food item getting damaged is very low. The demand for canned food in
the developed countries is also growing to a great extant. In 2009
during a recession, the United States witnessed an 11.5% rise in
sales of canning-related items.
Canned
Rice Food Market Segmentation:
Canned
rice food market is segmented on the basis of source, distribution
channel and region. On the basis of source the canned rice food
market is segmented into organic rice food and conventional rice
food. Among both the segments the demand for organic rice food is
increasing is expected to grow at a faster CARG rate. On the basis of
distribution channel the market is segmented into
supermarket/hypermarket, online stores, specialty stores, grocery
stores, and convenience store. Grocery store and
supermarket/hypermarket is expected to hold relatively higher revenue
share in the canned rice food market, which is followed by the
convenience store.
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Canned
Rice Food Market Regional Outlook:
Regional
segment for the market of Canned Rice Food is divided into five
different regions: North America, Latin America, APAC, Europe and
Middle East and Africa. Among these segment North America is expected
to have the major market share globally. Moreover, Europe has also
emerged as a prominent market for canned rice food, as the popularity
of organic food product is increasing to a significant level in this
region.
Canned
Rice Food Market Drivers:
This
is the key reason because of which pinto beans are mostly consumed in
the U.S. as it is a rich source of protein. Moreover, Canned Rice
Food are also known to balance the blood sugar level of the body and
also provides nutrients such as copper, folate, iron, magnesium,
manganese, phosphorous, potassium and zinc, which becomes a key
factor which is bolstering the growth of the canned rice food market.
Canned rice food market is expected to grow rapidly over the forecast
period. This rapid growth of canned rice food market can be
attributed to the growing health consciousness among consumers.
According to a study it has be analyzed that forty-five percent of
Americans seek out for organic foods which is a main reason consumers
in North America are preferring for organic canned rice food over
conventional canned rice food. Canned rice food is not only a rich
source of carbohydrate but it also exhibits some special properties
such as excessive amount of vitamin and protein. All these versatile
properties of canned rice food are expected to fuel the growth of the
canned rice food market. The rising demand for products that has high
protein content and high protein fiber is increasing dramatically in
countries such as U.K and US. Lastly, with increasing innovation in
packaging technology and rapid shift towards consumption of packaged
foods in developed countries such as the U.S., Germany and the U.K.,
coupled with rising consumer preference towards healthy foods is also
driving growth of the global canned rice food market.
Canned
Rice Food Market Key Players:
Some
of the key players in canned rice food market includes Faribault
Foods, Inc., Bush Brothers & Company, Eden Foods, Inc, Wild Oats
Marketing, LLC., Suma Wholefoods, Phalada Pure&Sure, Trader
Joe's, Ceres Organics, Bunalun USA among others.
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