Basmati Rice Global Market Report 2024 - By Share, Size, Trends, Demand, Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Basmati Rice Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The basmati rice market size has grown rapidly in recent years. It will grow from $11.64 billion in 2023 to $13.08 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to culinary popularity, traditional cuisine, export demand, cultural and festive use, brand recognition, climatic conditions.

The basmati rice market size is expected to see rapid growth in the next few years. It will grow to $20.82 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to changing dietary preferences, health and wellness considerations, government support for agriculture, infrastructure development, promotion of geographical indications. Major trends in the forecast period include technological advancements in agriculture, organic and non-GMO basmati rice production, advances in rice processing and milling, quality assurance and certification, diversification of basmati rice products.

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Market Segmentation:
The basmati rice market covered in this report is segmented -
1) By Product: Parboiled, Raw, Steamed
2) By Species: White, Brown, Other Species
3) By Distribution: Convenience Store, Modern Trade, Online Store, Traditional Grocery Stores
4) By Application: Industrial, Household

Major Driver - Surging Demand For Aromatic Rice Varieties Fuels Growth In The Basmati Rice Market
A rise in demand for aromatic rice is expected to propel the growth of the basmati rice market going forward. Rice having natural chemical components that give it a distinct scent is known as aromatic rice. There are several aromatic rice varieties, from the well-known basmati to the considerably less well-known Randhunipagal. Although it can be prepared in the same way as regular rice, it gives food a distinct flavor and scent. Basmati rice is steadily replacing other types of rice due to its excellent flavor and aroma, which are extremely palatable. For instance, in December 2021, according to the Ministry of Commerce and Industry, an India-based government department, India's rice exports (basmati and non-basmati) were estimated to be 17.72 MT (metric tons) in 2021-2022.. Therefore, the rise in demand for aromatic rice is driving the growth of the basmati rice market.

Competitive Landscape:
Major companies operating in the basmati rice market report are Cargill Incorporated, Kohinoor Food Ltd., Bunge Limited, Anheuser-Busch InBev SA/NV, Louis Dreyfus Company B.V., HAS Rice Pakistan, ITC Limited, McCormick & Company Incorporated., Ebro Foods S.A., Riceland Foods Inc., Chamanlal Setia Exports Ltd., Unity Foods Limited, East End Foods, LT Foods Ltd., Farmers' Rice Cooperative, REI Agro Ltd., GRM Overseas Ltd., Matco Foods Ltd., Adani Wilmar Limited, Aeroplane Rice- Amir Chand Jagdish Kumar Limited, Goel International Private Limited, Dunar Foods Ltd., Amira Nature Foods Ltd., Amar Singh Chawal Wala, Supple Tek industries Pvt. ltd., Lakshmi Energy & Foods Ltd., California Family Foods, KRBL Ltd., Sulson Overseas Pvt. Ltd., Hanuman Rice Mills, Golden Food Products

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Top Trend - DRRK Foods Introduces Gluten-Free Crown Basmati Rice With Enhanced Nutritional Value
Major companies operating in the basmati rice market are focused on introducing advanced solutions, such as gluten-free rice, to sustain their position in the market. Gluten-free rice refers to rice that excludes the consumption of gluten, a protein found in some grains, such as wheat, barley, rye, and spelt. For instance, in September 2021, DRRK Foods Private Limited, an India-based manufacturer of basmati rice, launched Crown Basmati Rice. Crown Basmati Rice is a premium-quality basmati rice known for its long and slender grains, distinctive fragrance, and nutty taste. Its translucent and creamy white color characterizes it. It is available in different varieties, such as Classic Long Grain, Premium Basmati Royal Rice, and Opal Basmati Rice, each with unique characteristics. It is processed before the hull is removed, making it a better source of fiber, calcium, potassium, and vitamin B-6 than ordinary white Basmati rice.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Basmati Rice Market Characteristics
3. Basmati Rice Market Trends And Strategies
4. Basmati Rice Market - Macro Economic Scenario
5. Basmati Rice Market Size And Growth
…..
27. Basmati Rice Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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