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Basmati Rice Market Swells to $14.7 Billion by 2025 with 12.4% CAGR: Key Growth Drivers and Trends Revealed
Basmati Rice Market
What Is The Projected Market Size Of The Global Basmati Rice Market And Its Growth Rate?
The Basmati Rice Market has witnessed significant expansion in recent years:
•The market valued at $13.08 billion in 2024 is expected to reach $14.7 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 12.4%.
•The market attributes this growth to culinary popularity, traditional cuisine, export demand, cultural and festive use, and brand recognition.
•Rapid growth is expected in the coming years, projected to hit $23.38 billion in 2029 at a CAGR of 12.3%, driven by evolving dietary preferences, health considerations, government support for agriculture, and infrastructural development.
What Is Driving The Growth In The Basmati Rice Market?
The Basmati Rice market is primarily propelled by a surge in demand for aromatic rice. Aromatic rice encompasses several varieties, including the renowned Basmati and lesser-known types like Randhunipagal. Rising interest in aromatic rice is reflected in India, where the Basmati rice production is expected to increase by 10% to 7 million tonnes, driven by increased aromatic rice cultivation, according to a 2024 report by Indian Express. As Basmati rice replaces other rice varieties for its exceptional flavor and aroma, the market growth for Basmati rice continues undeterred.
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Who Are the Key Players Driving Basmati Rice Market Growth?
Key players operating in the Basmati Rice market include:
•Cargill Incorporated
•Kohinoor Food Ltd.
•Bunge Limited
•Louis Dreyfus Company B.V.
•HAS Rice Pakistan
•ITC Limited
•Ebro Foods S.A.
•Chamanlal Setia Exports Ltd.
•Unity Foods Limited
•East End Foods
•Amar Singh Chawal Wala
What Are The Key Trends In The Basmati Rice Market?
Notable trends driving the Basmati Rice market include:
•Technological advancements in agriculture
•Production of organic and non-GMO basmati rice
•Advances in rice processing and milling
•Quality assurance and certification
•Diversification of basmati rice products
What Are The Segments Of The Global Basmati Rice Market?
The global Basmati Rice market report covers the following segments:
1)Product: Parboiled, Raw, Steamed
2)Species: White, Brown, Other Species
3)Distribution: Convenience Store, Modern Trade, Online Store, Traditional Grocery Stores
4)Application: Industrial, Household
Which Region Leads The Basmati Rice Market?
Asia-Pacific led the Basmati Rice market in 2024, driven by high demand and substantial infrastructure supporting rice cultivation in countries like China and India. The report also covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Basmati Rice Market Global Market Report?
- Market Size Analysis: Analyze the Basmati Rice Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Basmati 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 Basmati Rice Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Basmati Rice Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Basmati is a variety of long grained rice native to the Indian subcontinent. It is Slender-grained aromatic rice known for their distinct aroma.…
