Report Overview
Rice, a staple food for over half of the world’s population, holds a significant position in the global food market. It is a versatile grain with various types such as long-grain, medium-grain, and short-grain, catering to diverse culinary preferences worldwide. The market for rice is characterized by its essential role in the food industry, household consumption, and as a key export commodity for many countries.
As of 2023, the global rice market size stands at approximately $18 billion. Projected to grow at a Compound Annual Growth Rate (CAGR) of 3.5% from 2024 to 2032, the market is expected to reach $24 billion by the end of the forecast period. This growth can be attributed to several key drivers and market forces shaping the industry.
One of the primary growth drivers for the rice market is the increasing global population, particularly in regions like Asia and Africa where rice is a dietary staple. Additionally, changing consumer preferences towards healthier and gluten-free food options have boosted the demand for rice-based products. Moreover, the rise in disposable incomes in emerging economies has led to higher consumption of premium rice varieties, further driving market growth.
Market trends in the rice industry include the growing popularity of organic and sustainable rice farming practices. Consumers are increasingly seeking transparency in the food supply chain, leading to a rise in demand for organic rice. Furthermore, technological advancements in rice cultivation, such as precision agriculture and hybrid seed development, are enhancing productivity and quality in the industry.
Another trend shaping the rice market is the increasing adoption of online platforms for rice purchase. E-commerce channels provide convenience and a wide range of options for consumers to choose from, driving the market further. Moreover, the rising trend of ready-to-eat and convenience rice products caters to the busy lifestyles of consumers, boosting market growth.
In terms of regional market distribution, Asia Pacific leads the global rice market, accounting for the largest share due to high consumption rates in countries like China, India, and Indonesia. The dominance of Asia Pacific can be attributed to factors such as favorable climatic conditions for rice cultivation, cultural significance of rice in diets, and government support for the agriculture sector.
Key challenges facing the rice market include fluctuating weather patterns impacting crop yields, price volatility due to supply-demand imbalances, and sustainability concerns related to water usage in rice cultivation. Addressing these challenges will be crucial for stakeholders in the rice industry to ensure long-term growth and sustainability.
In conclusion, the global rice market presents significant opportunities for growth driven by factors such as population growth, changing consumer preferences, and technological advancements. By staying attuned to market trends, addressing key challenges, and leveraging regional market dynamics, stakeholders can capitalize on the evolving landscape of the rice industry.
This report provides a deep insight into the global Rice market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Rice Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Rice market in any manner.
Global Rice Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
KRBL
LT FOODS
REI Agro
Kohinoor Foods
Lakshmi Group
Pari
Sunstar overseas
DUNAR
Amar Singh Chawalwala
Tilda
California Family Foods
American Commodity Company
Farmers’ Rice Cooperative
Pacific International Rice Mills
Doguet’s Rice Milling Company
Far West Rice
Hinode Rice
Sun Valley Rice
Swad Food Products
EKTA FOODS
THAI LEE
Thai Hua
Asia Golden Rice Company
Nakornton Rice
Golden Grain Enterprise
Wonnapob Company
KAMOLKIJ
Market Segmentation (by Type)
Basmati Rice
Calrose Rice
Sona Massuri Rice
Jasmine Rice
Others
Market Segmentation (by Application)
Household
Food Services
Food Industry
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Rice Market
• Overview of the regional outlook of the Rice Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Rice Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.