Rice Cakes Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)

By Product Type;

Flavored Rice Cakes and Plain Rice Cakes

By Ingredient;

Brown Rice, Millet, Multigrain, Quinoa and White Rice

By Packaging Type;

Bulk, Multi-Pack and Single-Serve

By Distribution Channel;

Convenience Stores, Online Retail and Specialty Stores

By Application;

Baking, Catering and Snacking (At Home and On-The-Go)

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn956028284 Published Date: December, 2025 Updated Date: February, 2026

Rice Cakes Market Overview

Rice Cakes Market (USD Million)

In the year 2024, the Rice Cakes Market was valued at USD 19,783.02 million. The size of this market is expected to increase to USD 28,022.80 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.


Rice Cakes Market

*Market size in USD million

CAGR 5.1 %


Study Period2026 - 2032
Base Year2025
CAGR (%)5.1 %
Market Size (2025)USD 19,783.02 Million
Market Size (2032)USD 28,022.80 Million
Market ConcentrationMedium
Report Pages354
19,783.02
2025
28,022.80
2032

Major Players

  • Element Snacks
  • Lundberg
  • Mars
  • PepsiCo
  • Tastemorr Snacks
*Competitors List Not Exhaustive

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Rice Cakes Market

Fragmented - Highly competitive market without dominant players


The rising health consciousness among consumers is driving the increasing popularity of rice cakes as a healthier food option. With growing awareness of the nutritional benefits associated with rice cakes, their demand is experiencing a positive impact, particularly due to their higher dietary fiber content and other essential nutrients, making them a preferred choice for individuals seeking to lead a healthier lifestyle.

The surge in veganism, with approximately 88 million vegans worldwide according to World Animal Foundation stats 2023, is further fueling the demand for plant-based food products in the bakery sector, including rice cakes. As consumers increasingly adopt vegan diets, the need for vegan-friendly snacks such as rice cakes continues to rise. Additionally, the availability of rice cakes in various flavors is significantly influencing market expansion, appealing to a wider consumer base.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Ingredient
    3. Market Snapshot, By Packaging Type
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Rice Cakes Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health and Wellness Trends
        2. Product Innovation
        3. Convenience
        4. Gluten-Free
      2. Restraints
        1. Limited Flavor Appeal
        2. Competition
        3. Perceived Lack of Satiety
      3. Opportunities
        1. E-commerce Growth
        2. Functional Ingredients
        3. Sustainability Focus
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Rice Cakes Market, By Product Type, 2021 - 2031 (USD Million)
      1. Flavored Rice Cakes
      2. Plain Rice Cakes
    2. Rice Cakes Market, By Ingredient, 2021 - 2031 (USD Million)
      1. Brown Rice
      2. Millet
      3. Multigrain
      4. Quinoa
      5. White Rice
    3. Rice Cakes Market, By Packaging Type, 2021 - 2031 (USD Million)
      1. Bulk
      2. Multi-Pack
      3. Single-Serve
    4. Rice Cakes Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Convenience Stores
      2. Online Retail
      3. Specialty Stores
    5. Rice Cakes Market, By Application, 2021 - 2031 (USD Million)
      1. Baking
      2. Catering
      3. Snacking
        1. At Home
        2. On-The-Go
    6. Rice Cakes Market, By Geography, 2021- 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Element Snacks
      2. Lundberg Family Farms
      3. Mars, Incorporated
      4. PepsiCo
      5. Tastemorr Snacks
      6. Quaker Oats Company
      7. Nature Valley
      8. Galaxy Foods
      9. Edward & Sons Trading Co.
      10. Organic Food Bar
      11. Rolling Fields
      12. Purely Elizabeth
      13. Rice Thins
      14. Kallo Foods Ltd.
      15. Element Snacks Inc.
  7. Analyst Views
  8. Future Outlook of the Market