Basmati Rice Market Size Forecasted To Achieve $23.38 Billion By 2029 With Steady Growth

The Basmati Rice Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Basmati Rice Market Size During the Forecast Period?
In recent years, the market size of basmati rice has expanded dramatically. The market, which is anticipated to increase from $13.08 billion in 2024 to $14.7 billion in 2025, will experience a compound annual growth rate (CAGR) of 12.4%. The expansion throughout the historical period can be attributed to factors such as the rising popularity in culinary arts, traditional cuisine, export demand, cultural and festive uses, brand recognition, alongside favorable climatic conditions.

In the coming years, the basmati rice market is anticipated to experience a swift expansion, reaching $23.38 billion in 2029 with a compound annual growth rate (CAGR) of 12.3%. Factors contributing to this growth during the forecast period include evolving dietary trends, awareness of health and well-being, agricultural support from the government, infrastructural advancements, and the emphasis on geographical indication. Noteworthy market trends anticipated during the forecast period are technological progress in farming, production of organic and non-GMO basmati rice, advancements in processing and milling of rice, certification and quality assurance measures, as well as diversification of basmati rice offerings.

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What Are the High-Growth Segments in the Basmati Rice Market?
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

Subsegments:
1) By Parboiled: Long Grain Parboiled Basmati, Short Grain Parboiled Basmati
2) By Raw: White Raw Basmati, Brown Raw Basmati
3) By Steamed: White Steamed Basmati, Brown Steamed Basmati

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What Key Drivers Are Expected to Influence Future Basmati Rice Market Growth?
The anticipated surge in aromatic rice demand is set to catalyze the expansion of the basmati rice market. Aromatic rice is characterized by its unique chemical content that imparts a signature fragrance. Several varieties of aromatic rice exist, ranging from the popular basmati to the more obscure Randhunipagal. Even though it's cooked like regular rice, it bestows a special aroma and taste to dishes. Owing to its superior flavor and bouquet, exceptionally delightful to the palate, basmati rice is gradually taking over other rice categories. For instance, a report in the Indian Express in August 2024 noted a projected 10% growth in Basmati rice production, reaching 7 million tonnes (MT) in the current year. This is a result of an increased area of aromatic rice cultivation, with Punjab reporting a rise of over 12% from 0.59 million hectares (MH) in the previous year to 0.67 MH in the current year, as noted by a government department in India. Therefore, the escalating demand for aromatic rice is fueling the expansion of the basmati rice market.

Which Companies Hold the Largest Share Across Different Basmati Rice Market Segments?
Major companies 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, 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, Lakshmi Energy & Foods Ltd., KRBL Ltd., Sulson Overseas Pvt. Ltd., Hanuman Rice Mills, Golden Food Products

What Trends Are Driving Growth in The Basmati Rice Market?
The rise of technological advancements is an emerging trend in the basmati rice market. To maintain their industry position, primary players in the market are employing technological innovations. For example, Crown Basmati Rice, an organization based in India dedicated to basmati rice production, initiated the launch of Diet Rice in August 2024. This new rice variant, having a low GI index of 55 or less, is ideal for individuals keeping track of their blood sugar levels. The production of this diet rice involves a unique hydration process, which encompasses soaking, steaming, and drying the rice in its natural state (husk and bran included). This increases its nutritional value by enriching the vitamin content and conserving minerals. This effort exhibits the company's dedication to meet contemporary dietary necessities with nutritious alternatives. Simultaneously, it marks a substantial milestone in their global growth, broadening its reach to over 30 countries.

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What Are the Emerging Geographies for The Basmati Rice Market Growth?
Asia-Pacific was the largest region in the basmati rice market in 2024. The regions covered in the basmati rice market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Basmati Rice Market?
2. What is the CAGR expected in the Basmati Rice Market?
3. What Are the Key Innovations Transforming the Basmati Rice Industry?
4. Which Region Is Leading the Basmati Rice Market?

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