Surging Demand For Aromatic Rice Varieties Fuels Growth In The Basmati Rice Market: A Key Catalyst Accelerating Basmati Rice Market Growth in 2025

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Basmati Rice Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size of basmati rice has seen rapid expansion. The projection is that it will rise from $13.08 billion in 2024 to a whopping $14.59 billion in 2025, showing a compound annual growth rate (CAGR) of 11.5%. Reasons for this growth during the historic period are rooted in its culinary popularity, usage in traditional cuisines, high demand for exports, cultural and festive applications, brand recognition, and suitable climatic conditions.

Basmati Rice Market Size Forecast: What's the Projected Valuation by 2029?
We anticipate robust expansion in the basmati rice market size over the next few years, predicted to reach $23.1 billion in 2029 with a compound annual growth rate (CAGR) of 12.2%. Several factors are contributing to this projected growth during the forecast period, including shifts in dietary trends, the promotion of health and wellness, government backing of the farming sector, improvements in infrastructure, and advocacy for geographical indications. Noteworthy developments during the forecast period encompass technological breakthroughs in farming, organic and non-GMO basmati rice cultivation, enhancements in rice processing and milling, quality checks and accreditation, as well as the broadening of the basmati rice product range.

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What Are the Drivers Transforming the Basmati Rice Market?
The anticipated growth of the basmati rice market is expected to be fuelled by increasing demand for aromatic rice. Aromatic rice, which gets its distinct smell from natural chemical constituents, comes in various types, from the most famous being basmati, to less renowned types like Randhunipagal. The method of cooking this rice is quite similar to regular rice, but it imparts a unique flavor and aroma to the food. Basmati rice is progressively taking over other rice variants due to its superior taste and smell, which are incredibly appealing. As per an Indian Express article from August 2024, the production of Basmati rice is expected to escalate by 10% to 7 million tonnes (MT), as reported by an India-based government department. This is largely due to the expanded area dedicated to aromatic rice cultivation, with Punjab seeing over 12% increase from 0.59 million hectares (MH) last year to 0.67 MH this year. Consequently, the rising demand for aromatic rice is fuelling the expansion of the basmati rice market.

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What Trends Will Shape the Basmati Rice Market Through 2029 and Beyond?
The utilization of advanced technology is a notable trend garnering attention in the basmati rice sector. To maintain their market position, major corporations are adopting cutting-edge technologies. Take for instance, Crown Basmati Rice, a manufacturer based in India, which in August 2024, introduced Diet Rice. Assembled with a low GI of 55 or below, this product is ideal for those keeping a check on their blood sugar levels. The rice is subjected to a unique hydration procedure, which involves soaking, steaming and drying the whole rice grain (husk and bran). This process enhances the nutritional value by augmenting vitamins and retaining minerals. The initiative showcases the company's dedication towards offering nutritious alternatives that cater to contemporary dietary requirements. Furthermore, it denotes a noteworthy move in the company's worldwide growth, with its presence now spanning over 30 nations.

Which Segments in the Basmati Rice Market Offer the Most Profit Potential?
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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Which Firms Dominate the Basmati Rice Market by Market Share and Revenue in 2025?
Major companies operating in the basmati rice market include Cargill Incorporated, Kohinoor Food Ltd., bun*ge 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

Which Regions Offer the Highest Growth Potential in the Basmati Rice Market?
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.

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