Basmati Rice Global Market Analysis, Trends, Growth, Research And Forecast 2033

The new report published by The Business Research Company, titled "Basmati Rice Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

Innovative Technological Advancements Propel Basmati Rice Market
Technological advancements are a key trend gaining popularity in the basmati rice market. Major companies operating in the market are using advanced technologies to sustain their position in the market. For instance, in October 2021, Galaxy Rice Industries Private Limited, an India-based food processing company launched Galaxy Quick Cooking Brown Basmati Rice that uses German VDF Technology to hydrate the bran layer. The unique features of Galaxy Quick Cooking Protein, calcium, magnesium, phosphorus, vitamin B1 and B6, and a significant amount of dietary fiber is all included in brown basmati rice. Additionally, it offers early and whole-grain cooking in under 15 minutes.

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

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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

Contents of the report:
1. Executive Summary
2. Basmati Rice Market Report Structure
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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