Rice is one of the most widely consumed staple foods worldwide and plays a vital role in the diets of billions of people. It is a cereal grain that belongs to the grass family (Poaceae) and is botanically classified as Oryza sativa (Asian rice) or Oryza glaberrima (African rice). Rice is known for its versatility, nutritional value, and cultural significance in many countries and cuisines.

Rice holds deep cultural and traditional significance in many societies. It is an integral part of various cultural celebrations, rituals, and cuisines. The preservation and continuation of cultural practices and traditional consumption patterns contribute to the sustained demand and growth of Rice Market. Also, another major factor that drives the demand for Rice Market is the advanced processing methods which have also enhanced the efficiency of rice milling and improved the quality of processed rice products, meeting consumer demands.

The report “Rice Market, By Type (Long Grain White Rice (High Quality), Long Grain White Rice (Low Quality), Long Grain Parboiled Rice, Long Grain Fragrant Rice, Broken and Medium Grain Milled, Brown Rice, and Others), By Distribution Channel (Offline, Online) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030 “

Key Highlights:

• In October 2022, African wild rice genes help perennial rice with its production costs, wild rice species develop rhizomes similar to ginger, modified stems that grow horizontally underground as a means of vegetative reproduction. However, cultivated rice has rhizomes, which means that cultivated rice must be cultivated every season. Whereas perennial rice can be harvested for many years because it incorporates wild rice genes and rhizomes for reproduction.
• In October 2022, utilization of the genetic potential of rice in Kashmir: one to ten tons per hectare, rice is a potential staple food for more than half of the world's population, is the staple food for people in Kashmir, and its cultivation is expanding from 2020. Plains 1570 m above sea level to high hills 2180 m above sea level.

Analyst View:

Advancements in agricultural technologies, including precision agriculture, will contribute to increased productivity and efficiency in rice production. Technologies such as remote sensing, data analytics, and precision irrigation systems can optimize resource allocation, improve crop yields, and reduce input wastage. These advancements are expected to drive the future growth of Rice Market in coming years.

 Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Rice Market, By Type (Long Grain White Rice (High Quality), Long Grain White Rice (Low Quality), Long Grain Parboiled Rice, Long Grain Fragrant Rice, Broken and Medium Grain Milled , Brown Rice , and Others), By Distribution Channel(Offline, Online) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Rice Market accounted for US$ 292.39 billion in 2022 and is estimated to be US$ 374.28 billion by 2032 and is anticipated to register a CAGR of 2.5%. The Rice Market is segmented based on Type, Distribution Channel and Region.

• Based on Type, Rice Market is segmented into Long Grain White Rice (High Quality), Long Grain White Rice (Low Quality), Long Grain Parboiled Rice, Long Grain Fragrant Rice, Broken and Medium Grain Milled, Brown Rice, and Others
• Based on Distribution Channel Rice Market is segmented into Offline, Online
• By Region, the Rice Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Rice Market:

The prominent players operating in the Rice Market includes, Riceland foods Inc., V.A.P Foods ltd, KRBL ltd., Asia Golden Rice, Capital Rice Group, Ake Rice Mill Co. Ltd, Alobha, Lal Qilla, Daawat, American Rice.

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