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Rice Market Industry Analysis 2024

Rice inventories’ are increasing as the rice supply is continuously improving globally. Rice is one of the major food staples and mainstay for the rural population and their food security. Moreover rice is used as a wage commodity for workers in cash crop or non agriculture sectors in some countries such as India among others.

The global rice market can be segmented according to product type such as long grain white rice (high quality), long grain white rice (low quality), long grain parboiled rice, long grain fragrant rice, broken and medium grain milled among others.

The market can be segmented geographically into North America, APAC, Europe and RoW regions.

The global rice market is expected to grow with a healthy single digit CAGR from 2013 to 2019.

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The key driver of this market is the growing fast food industry and restaurants. Rice is one of the favorite cereals for most of the consumers. The growing population is second driver for increasing consumption of rice globally. The demand for fragrant rice is increasing gradually globally. Moreover long rice (high quality) is one of the premium class rice and it is not consumed on a regular basis.

The distribution channel includes hypermarkets/supermarket, departmental stores and stores among others. Asia Pacific is the major producer and exporter of rice globally. However China and India are of the major consumers and producers.

Some of the key players in rice industry are Riceland foods Inc., V.A.P Foods ltd and KRBL ltd among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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