Rice Market: Size to Hit USD 380.52 Billion by 2032 | CAGR of 2.8% - Report By IMR

Market Overview:

Rice Market Size Was Valued at USD 296.78 Billion in 2023 and is Projected to Reach USD 380.52 Billion by 2032, Growing at a CAGR of 2.8% From 2024-2032.

Rice, a starchy cereal grain and grass plant, is a staple food for about half of the world's population, including most of East and Southeast Asia. It is cooked by boiling or ground into flour and is consumed in various Asian, Middle Eastern, and other cuisines. Rice is also used in breakfast cereals, noodles, and alcoholic beverages like Japanese sake. Humans consume the majority of the world's rice crop.

The harvested rice kernel, paddy or rough rice, is enclosed by the hull or husk. Milling removes both the hull and bran layers, giving the kernel a glossy finish. Brown rice, processed only to remove the husks, contains about 8% protein and small amounts of fats, while white rice, milled to remove the bran, is significantly diminished in nutrients. White rice can lead to beriberi, a disease caused by thiamine and mineral deficiency. Parboiled white rice is processed before milling to retain most nutrients, while enriched rice contains iron and B vitamins.

Rice Market Top Key Players:

American Rice Inc (US), RiceTec AG (US), Mahatma Rice (US), Riceland Foods (US), Louis Dreyfus Company (Netherlands), Tilda Ltd. (UK), Rice Partners Ltd. (Germany), Ebro Foods (Spain), SunRice (Australia), Amira Nature Foods Ltd (United Arab Emirates), Bush Foods Overseas Pvt. Ltd. (India), Kohinoor Foods Ltd. (India), Dunar Foods Ltd. (India), KRBL Limited (India), LT Foods (India), Indo World Trading Corporation (India), Asia Golden Rice (Singapore), Olam International (Singapore), Thai Rice Exporters Association (Thailand), Vietnam Food Association (Vietnam), Mega Global Food Industry (Thailand), Amado Group (Thailand), Windmill Group (Sri Lanka), Tsuruha Holdings Inc. (Japan), Matco Foods Limited (Pakistan), and Other Major Players.

Request Sample of the Report @

https://introspectivemarketresearch.com/request/16823

Rice Market Trend Analysis

Rice consumption growth has slowed or become negative globally, with Africa experiencing additional per capita demand. Future demand will mainly come from population growth in Africa and Asia. Past production growth has met global rice demand, but Africa still lags behind other continents in achieving desired yield levels. Further research is needed to produce varieties with higher yield potential and grain quality, focusing on Africa. The global demand for rice is expected to be 584 million tons or less by 2050. Technological developments will change rice agriculture, with Asia losing 5 million hectares and Africa gaining 10 million hectares by 2050.

The global population growth, especially in regions where rice is a staple food, is causing a rise in demand for rice. This demand is driven by rising incomes and urbanization in developing countries, where people are shifting towards convenience foods and higher disposable incomes, which enable them to afford premium rice varieties and value-added products, further driving market growth. Rice is a primary source of calories and sustenance for billions worldwide.

Read Comprehensive Overview of Report @

https://introspectivemarketresearch.com/reports/rice-market/

Market Segmentation

By Type     

Brown Rice
Indica Rice
Black Rice
Red Rice
Bomba Rice
Others

By Grain Type    

Long-Grain Rice
Medium-Grain Rice
Short-Grain Rice

By Application   

Human Consumption
Animal Feed
Industrial Uses

By Distribution Channel       

Hypermarket/Supermarket
Convenience Store
Departmental Retail Stores
Online Stores

Rice Market Regional Insights:

Rice is a staple food in many Asian countries, with its population size and consumption tradition driving global demand. The Asia Pacific region's diverse rice varieties, including Basmati and Jasmine rice, contribute to its dominance in the market. The Asia Pacific region, including countries like China, India, Indonesia, Bangladesh, and Vietnam, is a major producer of rice due to its large population base, cultural significance, and production power. Rice is a staple food in many Asian societies, playing a central role in traditions, rituals, and celebrations.

Regional Analysis:

North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)

Didn't find your desired data? Ask For Report Customization @

https://introspectivemarketresearch.com/custom-research/16823

Key Industry Developments in the Rice Market:

In March 2023, The cost of rice shipments from Vietnam surged following the reopening of trade routes to China. This uptick was driven by speculation among traders who anticipated heightened demand from buyers seeking alternative sources amid the Russia-Ukraine crisis.

In January 2023, The Tamil Nadu Agricultural University (TNAU) in India introduced a novel rice strain named 'TRY 5'. Specifically tailored for regions with salt-affected soil, this early-maturing variety offers a promising solution to agricultural challenges in affected areas.

Key Benefits for Industry Participants & Stakeholders:

Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Rice Market

Purchase Our Research Report

https://introspectivemarketresearch.com/checkout/?user=1&_sid=16823

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1-773-382-1049

Email: sales@introspectivemarketresearch.com

LinkedIn| Twitter| Facebook

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

This release was published on openPR.