The global rice market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Oryza sativa or Oryza glaberrima is the grass species used for rice seeds. Large number of countries around the world consume rice as a staple food. The demand for rice has increased due to improvement in production techniques.
In general, rice plants mature in three to six months, depending on the variety and environment under which it is grown. Water is commonly used to cook rice and consume it. Rice flakes, rice puffed wafers, rice wafers, and canned rice are some forms in which it is consumed on a daily basis. The starch and brewing industries also rely on rice. Cattle and poultry feed are made from rice husks and bran, which are two products of rice milling.
The report on global rice market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Rice Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018 & 2019 |
Forecast Period |
2021–2028 |
Segmentation |
Rice Length (Long Grain, Medium Grain, and Short Grain), Types (Arborio Rice, Black Rice, Jasmine Rice, Brown Rice, Rosematta Rice, Red Cargo Rice, Parboiled Rice, Sushi Rice, and Others [Wild Rice, Valencia Rice, and Glutinous Rice]), Distribution Channels (Retail Stores, Specialty Stores, Department Stores, Supermarkets, and E-commerce) |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report |
Thanasan Group, Gulf Rice Milling, Inc, Capital Rice Group, Lal Qilla, American Rice, Asia Golden Rice, KRBL Ltd, Kohinoor, Alobha, Daawat, ADM Rice, Ake Rice Mill Co., Ltd, Lakshmi Group, REI Agro Ltd, and Kohinoor Foods Ltd. |
In the terms of rice length, the market can be segmented into long grain, medium grain, and short grain. The long grain segment is projected to hold a significant market share in the projected timeline. Growing population and increasing demand for premium class rice are major factors propelling the market growth.
Based on types, the global rice market can be divided into arborio rice, black rice, jasmine rice, brown rice, rosematta rice, red cargo rice, parboiled rice, sushi rice, and others. The others segment includes wild rice, valencia rice, glutinous rice, and others.
The brown rice segment is anticipated to grow at a healthy rate during the forecast period. The shift of consumers toward healthy eating habits has encouraged manufacturers to focus on launching new product line and making renewed efforts to attract health-conscious people.
On the basis of distribution channels, the global rice market can be divided into retail stores, specialty stores, department stores, supermarkets, and e-commerce.
The supermarkets segment is expected expand at a high CAGR during the forecast period. Most individuals seek to buy food commodities in person, which is driving the growth of the market segment. On the other hand, the e-commerce segment is expected to grow at a robust pace due to rapid growth of the online grocery market.
In terms of regions, the global rice market can be classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate market of the global rice market owing to high production capacities of countries such as Thailand, Vietnam, India, Pakistan, and China, which accounts for almost 75% of rice export from this region.
Key players in the global rice market are Thanasan Group, Gulf Rice Milling, Inc, Capital Rice Group, Lal Qilla, American Rice, Asia Golden Rice, KRBL Ltd, Kohinoor, Alobha, Daawat, ADM Rice, Ake Rice Mill Co., Ltd, Lakshmi Group, REI Agro Ltd, and Kohinoor Foods Ltd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Key players in the global rice market are Thanasan Group, Gulf Rice Milling, Inc, Capital Rice Group, Lal Qilla, American Rice, Asia Golden Rice, KRBL Ltd, Kohinoor, Alobha, Daawat, ADM Rice, Ake Rice Mill Co., Ltd, Lakshmi Group, REI Agro Ltd, and Kohinoor Foods Ltd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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