Paddy rice market is expected to witness CAGR of 6.50% from 2022 to 2029 in the forecast period of 2022 to 2029 and is further estimated to reach USD 2.65 billion by 2029,Size, Share, Trends, Key Drivers

Data Bridge Market Research analyses that the paddy rice market was valued at USD 1.6 billion in 2021 and is expected to reach the value of USD 2.65 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029.

Market Overview

Paddy rice is also known as rough rice because it contains the entire rice grain, including the hulls. It is a coarser product than brown rice and is used much less for animal feed than other grains because it is often more expensive and less available.

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Global Paddy Rice Market Dynamics

Drivers

Growing demand for high quality rice

The growing demand for high nutritional rice is driving the global paddy rice market. Some properties of paddy rice, such as non-sticky texture, swollen nature due to high water absorption, and high mineral and vitamin content, drive the global parboiled rice market. The global paddy rice market is driven by the high demand for long rice grain type. As paddy rice cooks quickly, it has an advantage over other types of rice.

Global growth in rice production

People have become more self-conscious about their diets in recent years, and as a result, they are looking for more balanced diets with adequate carbohydrates. Many high-income countries have seen a shift in energy consumption for carbohydrate foods, particularly rice. Various dishes are becoming popular, with restaurants adopting rice dish trends. This is expected to drive market growth in the coming years.

Eleven Asian countries account for approximately 87% of total global rice production. Eight of these countries account for approximately 35% of global rice exports. Rice production in Asia in general, and India and China in particular, has a significant impact on global food security.

Opportunity

Government initiative

Rising government initiatives for major domestic rice production industries are an important factor driving market growth. Furthermore, in the forecast period, innovative planting or cultivation technologies in the global rice sector will create new opportunities for the paddy rice market.

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