Global Organic Rice Market Projected to Grow at a CAGR of 9.02% during 2022-2029

Market Square Insights analyses that the organic rice market was valued at USD 1.95 billion in 2021 and is expected to reach the value of USD 3.92 billion by 2029, at a CAGR of 9.02% during the forecast period of 2022-2029.




Key drivers:
· The increasing awareness among consumers about the health benefits of organic food products is a major factor driving the growth of the organic rice market. Consumers are becoming more health-conscious and are increasingly opting for organic food products, including organic rice, to maintain a healthy lifestyle.

· Furthermore, the growing trend of veganism and vegetarianism is also driving the demand for organic rice. Vegan and vegetarian diets typically include a significant amount of rice, and consumers are increasingly choosing organic rice to ensure that they are consuming healthier and more sustainable food products.

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Competitive outlook:

· The global organic rice market is highly competitive, with a large number of players operating in the market. The key players are focusing on product innovation, expansion into new markets, and strategic collaborations to strengthen their market position. Some of the major players operating in the market include Doguet s Rice, Randall Organic, and Sanjeevani Organics.

· These players are investing in research and development activities to develop new and innovative organic rice products to meet the changing consumer preferences. Moreover, they are also adopting various marketing strategies to enhance their brand visibility and gain a competitive edge in the market. With the increasing demand for organic rice products, the competition in the market is expected to intensify further in the coming years.




Market analysis:

By Market Players:
Doguet s Rice
Randall Organic
Sanjeevani Organics
Kahang Organic Rice
Riceselect
Texas Best Organics
STC Group
Yinchuan
Urmatt
Vien Phu
SUNRISE Foodstuff JSC
Foodtech Solutions
Beidahuang
Yanbiangaoli
Jinjian
Huichun Filed Rice
Dingxiang
Heilongjiang Taifeng
Heilongjiang Julong
C.P. Group

By Type:
Polished glutinous rice(sticky rice)
Indica(long-shaped rice)
Polished round-grained rice

By Application:
Direct edible
Deep processing




More updates:

· Government initiatives and regulations promoting organic farming and sustainable agriculture practices are expected to further drive the growth of the global organic rice market. For instance, in 2020, the Indian government launched the Paramparagat Krishi Vikas Yojana (PKVY) scheme to promote organic farming among small and marginal farmers.

· The increasing adoption of e-commerce platforms and online channels for the sale and distribution of organic rice products is expected to further boost the growth of the global organic rice market. E-commerce platforms provide a convenient and hassle-free way for consumers to buy organic rice products, and many organic rice manufacturers are partnering with online retailers to expand their reach and customer base.

· The COVID-19 pandemic has had a significant impact on the global organic rice market, with disruptions in supply chains and changes in consumer behavior. However, the market has shown resilience in the face of these challenges, and many organic rice manufacturers have adapted their operations to meet the changing demands of consumers.

· The rising trend of functional foods, which are food products that offer additional health benefits beyond basic nutrition, is expected to drive the demand for organic rice products with specific functional properties. For instance, organic brown rice is rich in fiber, vitamins, and minerals, and is increasingly being used as a functional food ingredient in various food products.

· The increasing focus on sustainability and environmental responsibility is expected to drive the demand for organic rice products, as they are grown using sustainable agriculture practices and are free from harmful pesticides and chemicals. Many consumers are willing to pay a premium for organic rice products that are ethically and sustainably sourced.




Other potential markets that are growing:

· Organic Quinoa Market: Quinoa is a highly nutritious grain-like seed that has gained popularity as a healthy food ingredient in recent years. The organic quinoa market is expected to grow at a CAGR of 10% during the forecast period, driven by the increasing demand for healthy and sustainable food products.

· Organic Baby Food Market: With the increasing awareness among parents about the health benefits of organic food products, the organic baby food market is expected to witness significant growth in the coming years. The market is projected to grow at a CAGR of 13.7% during the forecast period, driven by the growing demand for organic baby food products that are free from harmful chemicals and additives.

· Plant-based Meat Market: The plant-based meat market is expected to witness significant growth in the coming years, driven by the increasing demand for healthy and sustainable food products. Plant-based meat products are made from plant-based ingredients and are considered to be more environmentally friendly and sustainable than traditional meat products.

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· The Report incorporates a SWOT analysis of the market. Finally, the Report incorporates the belief element and conclusion part in which the evaluations of the economic professionals are covered.

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