Unveiling the Golden Grain: Brown Rice Market Soars from US$ 9843 Million to US$ 17895.2 Million by 2032, Reshaping Global Staple Food Trade Dynamics

 In 2022, the worldwide brown rice market is assessed at US$ 9843 Million. The market is probably going to reach almost US$ 17895.2 Million by 2032, with a developing CAGR of 6.2% from 2022 to 2032. The COVID-19 had a worldwide effect which was faltering and uncommon and saw a rewarding effect on interest for brown rice across all the district in the midst of the pandemic.

More than half of the world's population eats rice, one of the main staple foods, on a daily basis. Globally, rice is grown and milled, but a large portion of it is consumed in the nations where it is grown. Increasing demand in some places, however, is fueling international trade in rice between regions.

The majority of rice is consumed and produced in Asia, with Central Asian nations like India, Pakistan, and Thailand producing 90% of the world's rice. These nations currently consume a smaller percentage of the world's rice than the total production due to the high rice exports to other nations.

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Brown rice is whole grain rice that has had its outer hull removed, making it edible. Brown rice undergoes less processing than entire white rice, hence it has more nutritional qualities. The demand for brown rice is growing at a faster CAGR than the demand for all rice due to rising health consciousness and preferences for healthier eating habits. The demand for brown rice is increasing in the major importing nations, which is piqueing the attention of big producers to concentrate on making brown rice.

Geographically, brown rice market can be segmented by regions into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Japan and Middle East & Africa.

Asia-pacific is the most dominant market in terms of production and consumption. Thailand is the world's largest exporter of rice, including brown rice, followed by Vietnam and India. Major importing countries are dispersed and top 10 importing countries only account for less than 50% of global rice imports.

Major countries consuming brown rice are Indonesia, Philippines, Iran, Nigeria and few European countries. Latin American countries are expected to exploit the availability of land and water emerge as the major producer and exporter of rice, during the forecast period.

Brown Rice Market Drivers:

Brown Rice market is increasing with respect to the growth of rice trade between the countries. Brown market is projected to expand at a higher pace compared to rice market, due to shifting preference towards healthy eating habits and nutrients provided by brown rice, such as vitamins (B), phosphorus, and magnesium, makes it a preferred choice for many health-conscious customers.

Due to increasing demand, the manufacturers are focusing on launching new brown rice brands and making renewed efforts to attract health-conscious people. Demand for brown rice is also emerging from various

Middle-East and African countries, driving the growth of brown rice market. Innovation in packaging and changing food preference such as emergence of ready-to-eat food product will result in introduction of ready-to-cook brown rice, during the forecast period. In majority of countries where brown rice was earlier preferred by only diabetic patients, is now getting traction from growing number of fitness conscious consumers. Increasing per capita consumption of rice in countries where it is not a staple food is also expected to support the growth of brown rice market

Brown Rice Market Key Players:

Brown Rice market is a part of global rice market and major supplier are concentrated in Asia-Pacific region which manufactures, market and export brown rice on large scale. Few of the major players in brown rice market are T.K. Ricemill and Ash, Asia Golden Rice Co.,Ltd., Daawat, Shiva Shellac And Chemicals, Amira Nature Foods Ltd., Chandrika Group of Mills, Riviana Foods Inc., Ebro Foods, Agistin Biotech Pvt. Ltd., and SunFoods, LLC.

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Brown Rice Market Segmentation:

By Type:

Sweet Brown Rice

Brown Basmati Rice

By Length:

Long-Grain Brown Rice

Medium-Grain Brown Rice

Short-Grain Brown Rice

By Distribution Channel:

Hypermarkets and Supermarket

Grocery Store

Convenience Store

Online

Others

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This release was published on openPR.