World Rice Market Overview
Rice is an essential grain in human nutrition and caloric intake, providing more than one-fifth of the calories consumed by humans worldwide. Rice is a rich source of carbohydrates, making up almost 80% of its total dry weight, most of the carbohydrate in rice is starch, and starch is the most common form of carbohydrate in foods. Carbohydrates, the body's primary fuel source, can keep you energized and satisfied and are essential for fueling exercise, predominantly brown rice, which is an excellent source of many nutrients, including fiber, manganese, selenium, magnesium, and B vitamins. Rice is the most widely consumed staple food for many of the world's human population, particularly in Asia. It is an agricultural commodity with the third-highest production worldwide. There are wide varieties of rice, and culinary preferences can vary regionally. Rice cultivation is suitable for countries and regions with low labor costs and high rainfall, as it is labor-intensive and requires a lot of water. However, rice can be grown practically anywhere, even on steep hills or mountains, with water-controlled terrace systems. The rising popularity of specialty rice like jasmine and basmati, growth in the rice manufacturing industry, increasing demand for carbohydrate-rich diet among the majority of the global population, and expansion of the fast food industry and restaurants are the major factors driving the growth of the rice market.
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Attributes |
Details |
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Global Rice Market Value (2022) |
US$ 292.39 Bn |
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Global Rice Market Projected Value(2032) |
US$ 374.28 Bn |
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Global Rice Market CAGR (2022-2032) |
2.5% |
World Rice Market Dynamics
Growing fast food industry and restaurants & Diminishing/stagnating productivity
The major driver of this market is the growing fast food industry and restaurants. Rice is one of the favorite grains of most consumers. Growing population is another driver for the growing consumption of rice globally. Globally, the demand for fragrant rice is gradually increasing. Moreover long rice (high quality) is a premium grade rice and is not consumed regularly. Challenges to rice production include declining productivity, degradation of soil and water resources, adverse changes in microclimate, and increased use of agrochemicals with low/flat use efficiency, labor and energy shortages, land fragmentation, losses due to intensification of rice production. Significant damage to environment and natural resources including salinity/salinity, effluent water pollution and increase in genetic degradation of rice production.
Restrains:
Income and population growth
Increase consumption is driven by income and population growth and other socio-demographic variables such as urbanization, changing lifestyles and other Factors such as an aging population and increasing health awareness that shift dietary preferences away from carbohydrates and towards protein, reduce demand for rice due to rising incomes in the global market.
Technological advancement
Factors driving the global rice market include support from governments and other organizations in developing nations, advances in technology, and demand for high-quality rice from Gulf countries during the festive season. Technological developments and advancements in rice mill machinery have predicted the growth of this segment during the forecast period. In October 2022, New Advances in Biological Fixation of Nitrogen in Rice. Researchers overcame this critical hurdle by creating functional dinitrogenase reductase (Fe protein, NifH) and nitrogenase cofactor maturease in separate transgenic rice lines. Research on nitrogenase expression is usually performed on model plants in the laboratory.
World Rice Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global Rice Market is segmented based on type, application, and region.
Global Rice Market, By Type
Based on type, the global 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. Brown rice has a mild nutty flavor that adds a pleasant taste to any brown rice dish. Basmati rice is one of the most popular types of rice in India and Asia. This rice is best served with traditional Indian dishes, including fresh herbs and green onions. White rice is the most versatile type of rice. Long-grain white rice is the most common type found in American supermarkets, and long-grain white rice is the American standard. Parboiled rice is processed differently, leaving the rice like brown rice soaked and steamed. Globally, the demand for fragrant rice is gradually increasing. Moreover, long rice (high quality) is a premium grade rice and is not consumed regularly.
Global Rice Market, By Distribution Channel
Based on the distribution channel, the target market is offline and online due to the growing number of consumers of rice consumption and significant market investments in digital merchandising.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global Rice Market is segmented into regions into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In these, Asia Pacific emerged as the largest revenue generator in the rice market due to the high consumption of rice as a staple food in India, Pakistan, China, Japan, and South Korea. Rice will continue dominating the market during the forecast period as it is the favorite food grain of most consumers in this region.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Recent Development:
- In October 2022, wheat and rice stocks fell to a five-year low in October, government data showed, wheat and rice stocks held by government agencies fell to a five-year low even as retail inflation rose to a five-month high of 7.41% in September.
- In October 2022, Chinese scientists set another record in the production of salt-tolerant rice, a necessary step as China strives to ensure food security. Hybrids can be grown in generally infertile areas and are a boost to the country's food security ambitions.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Rice Market report based on type, distribution channel, and region:
Global 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
- Others
Global Rice Market, By Distribution Channel:
- Offline
- Online
Global Rice Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
-
World Rice Market Key Players
The key players operating the Global Rice Market includes
- Riceland Foods, Inc. Operating as an agricultural marketing cooperative, the company provides marketing services to its farmer-members of rice, soybeans, and wheat, as well as processing soybeans and producing oil; Riceland operates in the state of Arkansas.
- V.A.P Foods Ltd Company is located in Tamil Nadu, VAP Foods Pvt Ltd has been mainly in the manufacturing (foodstuffs) business since last year, and currently, the company is closed.
- KRBL Ltd is an Indian rice processing and exporting company and the world's largest rice miller. He is best known for the India Gate brand of basmati rice, the largest-selling rice brand in India.
- Asia Golden Rice Co Ltd, The Company's line of business includes manufacturing rice and cleaning and polishing rice.
- Capital Rice Group operates as a rice producer and exporter. The company pioneered silo storage systems for a consistent supply of premium rice. It exports Hom Mai rice and red and black organic rice.
- Ake Rice Mill Co. Ltd has made a name for itself in the list of top suppliers in Thailand. The supplier company Bang Bo Thong is based in Nonthaburi and is one of the leading sellers of the listed products.
- Alobha is a manufacturing process optimized to preserve the natural aroma and offers customers a truly raw food product of the company.
- Lal Qilla Red Fort Basmati Rice is a rich and unforgettable blend of traditional and exotic products that suits the spirit of a unique and incredible India. The company has provided excellent basmati rice globally, bringing endless joy to the faces of millions of its customers worldwide.
- Daawat is an Indian company engaged in the production and sale of rice under the brand name DAWAT. Dawat is a unique blend of traditional aroma and sweet taste, which makes it perfect for any rice dish.
- American Rice, Inc. Manufactures, distributes and markets white, brown, parboiled, and instant rice under various brand names. Company US brands include Blue Ribbon, Adolphus, Comet, AA, and Wonder.
World Rice Market Company Profile
- Riceland foods Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- V.A.P Foods Ltd
- KRBL Ltd.
- Asia Golden Rice
- Capital Rice Group
- Ake Rice Mill Co. Ltd
- Alobha
- Lal Qilla
- Daawat
- American Rice
“*” marked represents similar segmentation in other categories in the respective section
World Rice Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Types
- Key Thickness Insights
- Secondary Data
- Major Secondary Types
- Secondary Types
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Rice Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Long Grain White Rice (High Quality)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Long Grain White Rice (Low Quality)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Long Grain Parboiled Rice
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Long Grain Fragrant Rice
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Broken and Medium Grain Milled
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Brown Rice
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Rice Market, By Distribution Channel, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Offline
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Online
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Rice Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Riceland foods Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- V.A.P Foods ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KRBL Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asia Golden Rice
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Capital Rice Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ake Rice Mill Co. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alobha
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lal Qilla
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daawat
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- American Rice
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Rice Market is segmented based on Type, Distribution Channel and Region.
The major driver of this market is the growing fast food industry and restaurants. Rice is one of the favorite grains of most consumers. Growing population is another driver for the growing consumption of rice .
Asia Pacific emerged as the largest revenue generator in the rice market due to high consumption of rice as a staple food in India, Pakistan, China, Japan and South Korea. Rice is likely to continue dominating the market during the forecast period as it is the favorite food grain of most of the consumers in this region.
The Key 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.