Market Overview:
The global rice market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising population, changing food habits, and increasing demand for convenience foods. In terms of type, the basmati rice segment is expected to lead the global rice market during the forecast period. This can be attributed to its unique flavor and aroma that sets it apart from other types of rice available in the market. In terms of application, household segment is expected to lead the global rice market during 2018-2030 owing to growing trend among consumers towards preparing homemade meals instead of eating out or ordering food from restaurants/cafes.
Product Definition:
Rice is a cereal grain that is the most important food crop in the world. It is grown in flooded paddies, or fields, in tropical and subtropical countries. The rice plant grows to a height of about 3 feet (1 meter), has long leaves, and produces a grain that is white, brown, or black. Rice can be eaten boiled with salt added as a simple dish; it can also be used to make various other dishes such as pilafs, puddings, and cakes.
Basmati Rice:
Basmati is a special type of rice that has high fragrance and nutty flavor. It's name comes from the basmati region which is known for its high quality. The grains are longer, thinner and sweeter than other rices making it more popular among consumers across the world.
It takes around 2-3 days to cook Basmati compared to other rices which makes it more precious in nature as people prefer buying only when the grain is ready.
Jasmine Rice:
Jasmine rice is a aromatic and fragrant variety of long-grained white rice. It has an aroma similar to the jasmine flower, which is a woody climber with large white blooms. The taste of jasmine rice varies according to different regions due to varied farming practices and climatic conditions. In general, it has a sweet fragrance like that of basmati but tends to be less complex in flavor as compared to the latter.
Application Insights:
The household segment accounted for a share of more than 60.0% in the global rice market in 2017. The segment is expected to witness growth on account of increasing per capita disposable income, coupled with rising awareness regarding health benefits associated with brown rice and sticky rice over other varieties such as basmati or jasmine. Furthermore, growing preference for home cooked food among consumers across the globe will drive demand over the forecast period.
Rising importance of nutritious food among athletes and gym professionals will drive demand for long grain white rice as it is rich in fiber content, which helps absorb water and expand muscles during exercise routine.
Regional Analysis:
Asia Pacific dominated the global rice market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing population and rising disposable income of consumers and urbanization. Asia Pacific has been one of the largest producers as well as consumers of rice, with China being its largest consumer and India being its second-largest after China.
The Middle East & Africa is also anticipated to grow at a significant rate over the forecast period owing to increasing government investments in agriculture sector coupled with favorable climatic conditions such as availability of water for irrigation purposes, which will drive agricultural production activities across several countries including Egypt, Ethiopia, Niger Delta etc., thus positively influencing market growth in this region.
Growth Factors:
- Increasing demand for food due to population growth
- Rising disposable income in developing countries
- Urbanization and changing dietary habits
- Technological advancements in the rice production sector 5. Government policies that support the growth of the rice market
Scope Of The Report
Report Attributes
Report Details
Report Title
Rice Market Research Report
By Type
Basmati Rice, Jasmine Rice, Long Grain Rice, Others
By Application
Household, Food Services, Food Industry
By Companies
Asia Golden Rice, Capital Rice Group, Thanasan Group, Ake Rice Mill Co., Ltd, Alobha, Kohinoor, Lal Qilla, Daawat, ADM Rice, American Rice, Gulf Rice Milling, Inc, REI Agro Ltd, KRBL Ltd, Kohinoor Foods Ltd, Lakshmi Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Rice Market Report Segments:
The global Rice market is segmented on the basis of:
Types
Basmati Rice, Jasmine Rice, Long Grain Rice, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Food Services, Food Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Asia Golden Rice
- Capital Rice Group
- Thanasan Group
- Ake Rice Mill Co., Ltd
- Alobha
- Kohinoor
- Lal Qilla
- Daawat
- ADM Rice
- American Rice
- Gulf Rice Milling, Inc
- REI Agro Ltd
- KRBL Ltd
- Kohinoor Foods Ltd
- Lakshmi Group
Highlights of The Rice Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Basmati Rice
- Jasmine Rice
- Long Grain Rice
- Others
- By Application:
- Household
- Food Services
- Food Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rice Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rice is a grain that is typically cooked with water and sometimes other ingredients. It can be white, brown, or black.
Some of the key players operating in the rice market are Asia Golden Rice, Capital Rice Group, Thanasan Group, Ake Rice Mill Co., Ltd, Alobha, Kohinoor, Lal Qilla, Daawat, ADM Rice, American Rice, Gulf Rice Milling, Inc, REI Agro Ltd, KRBL Ltd, Kohinoor Foods Ltd, Lakshmi Group.
The rice market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rice Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rice Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rice Market - Supply Chain
4.5. Global Rice Market Forecast
4.5.1. Rice Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rice Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rice Market Absolute $ Opportunity
5. Global Rice Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rice Market Size and Volume Forecast by Type
5.3.1. Basmati Rice
5.3.2. Jasmine Rice
5.3.3. Long Grain Rice
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rice Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rice Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Food Services
6.3.3. Food Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rice Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rice Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rice Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rice Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rice Demand Share Forecast, 2019-2026
9. North America Rice Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rice Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rice Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Food Services
9.4.3. Food Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rice Market Size and Volume Forecast by Type
9.7.1. Basmati Rice
9.7.2. Jasmine Rice
9.7.3. Long Grain Rice
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rice Demand Share Forecast, 2019-2026
10. Latin America Rice Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rice Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rice Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Food Services
10.4.3. Food Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rice Market Size and Volume Forecast by Type
10.7.1. Basmati Rice
10.7.2. Jasmine Rice
10.7.3. Long Grain Rice
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rice Demand Share Forecast, 2019-2026
11. Europe Rice Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rice Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rice Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Food Services
11.4.3. Food Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rice Market Size and Volume Forecast by Type
11.7.1. Basmati Rice
11.7.2. Jasmine Rice
11.7.3. Long Grain Rice
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Prouct Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rice Demand Share, 2019-2026
12. Asia Pacific Rice Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rice Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rice Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Food Services
12.4.3. Food Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rice Market Size and Volume Forecast by Type
12.7.1. Basmati Rice
12.7.2. Jasmine Rice
12.7.3. Long Grain Rice
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rice Demand Share, 2019-2026
13. Middle East & Africa Rice Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rice Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rice Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Food Services
13.4.3. Food Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rice Market Size and Volume Forecast by Type
13.7.1. Basmati Rice
13.7.2. Jasmine Rice
13.7.3. Long Grain Rice
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rice Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rice Market: Market Share Analysis
14.2. Rice Distributors and Customers
14.3. Rice Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Asia Golden Rice
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Capital Rice Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thanasan Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ake Rice Mill Co., Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alobha
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kohinoor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lal Qilla
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Daawat
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ADM Rice
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. American Rice
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gulf Rice Milling, Inc
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. REI Agro Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KRBL Ltd
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kohinoor Foods Ltd
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lakshmi Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
