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frozen rice dishes market REPORT OVERVIEW
The global frozen rice dishes market size was in USD 1093.9 million 2021 and is expected to reach USD 1833.13 million by 2027, exhibiting a CAGR of 8.99% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Frozen rice dishes are ready-to-eat or heat-and-serve meals that feature rice as a primary ingredient. These dishes s typically consist of cooked rice that has been frozen to preserve its freshness and flavor. They often include various other ingredients such as vegetables, proteins (e.g., chicken, beef, shrimp, tofu), and seasonings to create a complete and convenient meal. This is rice that has been stir-fried with vegetables, proteins, and seasonings such as soy sauce and can be found in various regional and international styles like Chinese fried rice or Thai pineapple fried rice. These typically feature a bed of rice topped with a variety of ingredients, which can range from teriyaki chicken and vegetables to curry dishes s.
Creamy rice dishes s made with Arborio rice, which is known for its starchy consistency. Risottos are often mixed with ingredients like mushrooms, cheese, and herbs. A traditional Spanish dish made with rice, saffron, and various ingredients such as seafood, chicken, and vegetables. Rice cooked with broth or stock and mixed with various ingredients like vegetables, nuts, and herbs. Bell peppers filled with rice, vegetables, and sometimes ground meat, then frozen for easy preparation. These frozen rice dishes provide a convenient and quick meal option for those who may not have the time to cook from scratch or prefer the convenience of a pre-made frozen meal. They can be heated in the microwave, oven, or on the stovetop, making them a popular choice for busy individuals or families.
COVID-19 Impact: Supply Chain Disruptions to Hinder Market Growth
During lockdowns and stay-at-home orders, many people turned to frozen and packaged foods, including frozen rice dishes, as a convenient and long-lasting meal option. The demand for easy-to-prepare meals increased as people cooked more at home. The pandemic disrupted supply chains worldwide. This led to challenges in sourcing and transporting ingredients for frozen rice dishes, which in turn affected production, availability, and pricing. With many restaurants temporarily closed or operating with restrictions, consumers sought to replicate dining-out experiences at home. Frozen rice dishes, often inspired by various international cuisines, provided a way for consumers to enjoy restaurant-style meals from the comfort of their homes.
LATEST TRENDS
"Global and Fusion Flavors to Enhance Market Growth"
Consumers are increasingly seeking healthier frozen rice dishes. This includes dishes s with lower sodium, reduced saturated fats, whole grains, and a focus on natural ingredients. Manufacturers are responding with options that cater to various dietary preferences, such as gluten-free, vegetarian, vegan, and organic choices. The market has seen a surge in demand for frozen rice dishes inspired by international cuisines, as consumers seek more diverse and adventurous Flavors. Fusion dishes s that combine elements from multiple cuisines have gained popularity. Consumers are looking for products with simple and recognizable ingredients. Clean label frozen rice dishes with minimal additives, preservatives, and artificial Flavors are gaining traction.
frozen rice dishes market SEGMENTATION
- By Type
Based on type market is classified as Chinese style cooked rice, pilaf, paella, biryani and others.
- By Application
Based on application market is classified as supermarkets, retail stores, restaurant and hotels and others.
DRIVING FACTORS
"Long Shelf Life to Augment Market Growth"
Convenience is one of the primary drivers of the frozen rice dishes market growth. Busy lifestyles and hectic schedules have led consumers to seek quick and easy meal solutions. Frozen rice dishes offer a time-saving option, as they are pre-cooked and require minimal preparation. This convenience factor appeals to individuals and families looking for a hassle-free meal. Frozen rice dishes have a longer shelf life compared to fresh meals. This makes them an attractive option for consumers who want to stock up on food items that won't spoil quickly. It's particularly beneficial in situations where consumers may not have access to fresh ingredients regularly. The frozen rice dishes industry offers a wide range of flavors and cuisines to choose from. Consumers can explore international and regional flavors, allowing them to enjoy diverse and exotic meals without the need for extensive cooking or dining out. This variety appeals to those seeking culinary diversity.
"Diverse Consumer Preferences to Propel Market Growth"
Frozen rice dishes help with meal planning and portion control. Pre-packaged servings assist consumers in managing their portion sizes and calorie intake, which is beneficial for those looking to maintain a balanced diet and control their food consumption. Many frozen rice dishes are created with an emphasis on nutrition. Manufacturers are increasingly offering options that cater to dietary preferences and health-conscious consumers. These include low-sodium, reduced-fat, and higher-fibre options. Nutrient-rich ingredients such as vegetables, whole grains, and lean proteins are often featured in these dishes s. The frozen rice dishes industry is adaptable and can cater to various dietary preferences and restrictions, including vegetarian, vegan, gluten-free, and halal. This versatility allows companies to reach a broader customer base.
RESTRAINING FACTORS
"Health and Nutritional Concerns to Impede Market Expansion"
Some consumers perceive frozen meals, including frozen rice dishes, as inferior in quality to fresh, restaurant-cooked, or homemade meals. Concerns about taste, texture, and overall eating experience can restrain the market. While some frozen rice dishes are designed to be nutritious, others may be high in sodium, saturated fats, or preservatives. Health-conscious consumers may be wary of such products, limiting their market appeal. The freezing process can affect the freshness and flavor of certain ingredients, such as vegetables, which may lead to concerns about the quality and taste of the final product. High-quality frozen rice dishes can be relatively expensive compared to other meal options. This may deter budget-conscious consumers or those who perceive frozen meals as less cost-effective.
frozen rice dishes market REGIONAL INSIGHTS
"North America to Dominate the Market Due to Busy Lifestyles of Consumers"
The North America region, was a significant player in the frozen rice dishes market share. This was due to the busy lifestyles of consumers who sought convenient meal options. The market in North America also saw growth in health-conscious and dietary preferences, leading to the development of a wide variety of frozen rice dishes that catered to different needs. North America is important region in frozen rice dishes s industry.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Lundberg Family Farms (U.S.)
- Wegmans (U.S.)
- CJ CheilJedang (South Korea)
- Nichirei Corporation (Japan)
- Woolworths (Australia)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1093.9 Million in 2021 |
Market Size Value By |
US$ 1833.13 Million by 2027 |
Growth Rate |
CAGR of 8.99% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the frozen rice dishes market expected to touch by 2027?
The global frozen rice dishes s market size is expected to reach USD 1833.13 million by 2027.
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What CAGR is the frozen rice dishes market expected to exhibit by 2027?
The frozen rice dishes s market is expected to exhibit a CAGR of 8.99% by 2027.
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Which are the driving factors of the frozen rice dishes market?
Long shelf life and diverse consumer preferences are the driving factors of the frozen rice dishes market growth.
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Which are the key players functioning in the frozen rice dishes market?
Lundberg Family Farms, Wegmans and others are the key players functioning in the frozen rice dishes market.