Global Basmati Rice Market - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Basmati Rice Market: By Species (Brown and White), By Product Type (Raw, Steamed, and Parboiled), By Application (Food Industry, Cosmetic Industry, and Personal Care), By Distribution Channel (Traditional Grocery Stores, Convenience Stores, Online Stores, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global basmati rice market was valued at US $ XX Mn in 2017 and expected to grow at 10.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024

Market Outline: Basmati Rice Market
Basmati rice is a slender-grained rice with aroma caused by the aroma compound 2-acetyl-1-pyrroline. It naturally contains an aromatic chemical compound, which is 12 times more than that of the non-basmati rice variants. Its aroma gives a distinctive flavor and fragrance to the rice.
Soaring demand of the basmati rice is the key factor anticipating the growth of the basmati rice market. The urge of the staple food and rise in the production of the local basmati rice is adding a scope for the growth of the market. The affordability of the consumers and availability of the rice at various price range is enhancing the growth of the basmati rice market. Owing to its superior taste and aroma, basmati rice is gaining popularity all across the globe which is boosting the growth of the market. However, the stringent government regulations are hampering the growth of the basmati rice market.

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Market Scope: Basmati Rice Market
Basmati rice market is segmented based on the species, product type, application, and distribution channel
Based on the species, the market is segmented into the following:
• Brown
• White
Based on the product type, the market is segmented into the following:
• Raw
• Steamed
• Parboiled
Based on the application, the market is segmented into the following:
• Food Industry
• Cosmetic Industry
• Personal Care
Based on the distribution channel, the market is segmented into the following:
• Traditional Grocery Stores
• Convenience Store
• Online Store
• Others

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Regional Analysis: Basmati Rice Market
Geographically, global basmati rice market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific basmati rice market to keep the top spot in global basmati rice market owing to the higher agriculture practice. Because of the origin of basmati rice from the Indian subcontinent, Asia is centered for the higher consumption. India holds a prime position in the exports of basmati rice overseas. Europe falls in the next position in the basmati rice market. The demand for basmati rice accounted more in the regions of Germany and the Netherlands. Iran was the leading importer of basmati rice from India until it has imposed a ban on the import. The ban on the import of the basmati rice is providing opportunity in European countries.

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Competition Assessment: Basmati Rice Market
Some of the players in the global basmati rice market include:
• McCormick & Co. (U.S)
• Hain Celestial (U.S)
• REI Agro (India)
• LT Foods (India)
• East End Foods (UK)
• Amira Nature Foods (UAE)
Notable Market Developments: Basmati Rice Market
 In May 2016, ASBAH launched platinum basmati rice

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This release was published on openPR.