Global Rice Market: Steady Growth with CAGR of 9.5% Expected by 2029, Driven by Sustainable Agriculture Practices and Innovation in Rice Processing

Rice Market Forecast Indicates Resilient Growth Despite Challenges, Key Players Continue to Innovate.

What Is The Projected Market Size Of The Global Rice Market And Its Growth Rate?
• The rice market size has witnessed strong growth in recent years, recording $35.27 billion in 2024 and is projected to reach $38.38 billion in 2025 at a CAGR of 8.8%.
• The market's growth in the historic period can be attributed to population growth and food demand, cultural significance, government policies and subsidies, income levels and urbanization, and climate and environmental factors.
• The rice market size is expected to experience heightened growth in the future, soaring to $55.19 billion in 2029 at a CAGR of 9.5%. This growth in the forecast period can be attributed to sustainable agriculture practices, climate change adaptation, innovation in rice processing, global dietary shifts, e-commerce, and supply chain optimization.

What Is Driving The Growth In The Rice Market?
The rice market's growth is propelled by the burgeoning food and restaurant sector, an industry that encompasses businesses providing food to customers outside their homes. As rice is a vital food component for over half the world's population, the expansion of this sector will significantly impact the rice market. Reports published by the National Restaurant Association and the United States Department of Agriculture (USDA) in February 2023 point to increasing sales in the foodservice industry and expenditure associated with dining out, further driving the rice market's growth.

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Who Are the Key Players Driving Rice Market Growth?
• LT Foods Ltd.
• KRBL Limited
• Ebro Foods Inc.
• Aashirvad International
• Lundberg Family Farms
• Riviana Foods Inc.
• Adani Wilmar Limited
• RiceSelect
• PlanetRice
• ConAgra Foods Inc.
• General Mills Inc.
• Carolina Plantation Rice
• Riceland Foods Inc.
• Pride India FMCG Limited
• Asia Golden Rice Co. Ltd.
• SunRice
• Veetee Rice Limited
• Kohinoor Foods Ltd.
• Chandrika Group
• Tilda Group
• Hanuman Rice Mills
• Amar Singh Chawal Wala
• Heritage Foods Limited
• Capitol Group
• Shiva Rice Mills
• Daawat
• Galaxy Rice Mills Pvt. Ltd.
• Doaba Rice Mills

What Are The Key Trends In The Rice Market?
Key trends driving market growth include:
• The introduction of organic and specialty rice varieties
• Technology adoption in farming practices
• Sustainable farming and water management
• Fortification and nutritional enhancement
• Development of rice-based snacks and alternatives.

What Are The Segments Of The Global Rice Market?
The rice market is segmented by:
• Type: Arborio Rice, Rosematta Rice, Red Cargo Rice, Parboiled Rice, Sushi Rice, Wild Rice, Glutinous Rice, Other Types
• Length: Long Grain Rice, Medium Grain Rice, Short Grain Rice
• Color: White Rice, Brown Rice, Red Rice, Black Rice
• Distribution Channel: Hypermarket, Supermarket, Convenience Store, Departmental Retail Stores, Online Stores, Other Distribution Channels
• Application: Residential, Commercial

Which Region Leads The Rice Market?
Asia-Pacific dominated the Rice market in 2024, with North America anticipated to be the fastest-growing region during the forecast period. The report covers the rice market in regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Rice Market Global Market Report?
- Market Size Analysis: Analyze the Rice Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rice Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rice Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rice Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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