Global Rice Market Size By Rice Length (Long Grain, Medium Grain, Short Grain), By Type (Arborio Rice, Black Rice), By Distribution Channel (Retail Stores, Specialty Store), By Geographic Scope And Forecast

Rice Market Size And Forecast

Rice Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

With the shift of consumers towards healthy eating habits, the industries are focusing on launching new rice brands and making extending efforts to attract health-conscious people is driving the demand for rice propelling the market growth. The Global Rice Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Rice Market Definition

Rice is one of the dominant staple foods consumed by nearly half of the world’s population. Rice has been an essential cultural component in almost all countries around the world. For a few decades, rice production has continued growing and this large amount of production has resulted in numerous rice by-products accordingly. These by-products include bran, straw, germ, brewers, and husks produced during rice harvesting and other processing operations. Rice by-products have the flourishing potential to be converted into numerous significant and worthwhile products having food and non-food applications.

Rice is super popular in processed foods, and it's growing faster than ever! Think about all the things that fall into that categorybreakfast cereals, pet food, those handy package mixes, candy, baby food, crackers, yummy rice pudding, confectioneries and snack items, cooking batters, and of course, desserts. People are really wanting the good stuff, whether it's for eating at the table, using in processed foods, brewing beer, or even feeding their furry friends. But here's a twistpre-cooked parboiled rice is really taking off because it's just better when it comes to cooking and eating compared to regular, milled, pre-cooked rice. And let's not forget about seed rice! There's a whole community of researchers, breeders, producers, and dealers working hard to develop, produce, and sell better rice seeds. Just so you know, growing seed rice is a bit pricier than growing rice that's just going straight to our plates.

Global Rice Market Overview

The growing fast-food industry and restaurants are one of the most influential drivers of demand for the Rice Market. The popularity of several quick rice dishes, such as boil-in-the-bag items and microwavable dishes, has further encouraged consumption. The rice industry has highlighted the nutritional value and convenience of rice. Besides, health benefits associated with the consumption of rice, which is free from sodium fat, and cholesterol, have played a pivotal role in raising the demand.

Consumer awareness, ethnic mix, population, health, nutrition attributes, and income are more crucial factors compared to price in discerning the demand for the Rice Market. Increasing disposable incomes, changing lifestyles, and inclination towards bodily health in combination with the hectic and time-constrained schedules of the youth has raised the demand for instant easy-to-make, and cost-effective packaged food rice deriving the demand prompting the market upsurge.

Countries like India, Vietnam, Thailand, and China produce more rice than they actually need, making them major players in setting global rice prices. Think of them as key influencers in the rice world! They're not only huge rice exporters, but also major consumers – among the top five worldwide, where rice is a staple food for many. Interestingly, beers brewed with rice are often seen as premium brands within each country. Now, the real story? Sales of these rice-based beers have been slowed down more by the COVID pandemic and sluggish economies than by competition from cheaper beers. Plus, light beers have been on the rise for a while, and guess what? They tend to use less rice than your average brew.

Global Rice MarketSegmentation Analysis

The Global Rice Market is Segmented on the basis of Rice Length, Type, Distribution Channel, and Geography.

Rice Market, By Rice Length

• Long Grain
• Medium Grain
• Short Grain

Based on Rice Length, the market is classified into Long Grain, Medium Grain, and Short Grain.

Rice Market, By Type

• Arborio Rice
• Black Rice
• Jasmine Rice
• Brown Rice
• Rosematta Rice
• Red cargo Rice
• Others

Based on Type, the market is classified into Arborio Rice, Black Rice, Jasmine Rice, Brown Rice, Rosematta Rice, Red cargo Rice, and Others.

Rice Market, By Distribution Channel

• Retail Stores
• Specialty Store
• Department Store
• Super Market
• Hypermarket
• Online

Based on Distribution Channel, the market is classified into Retail Stores, Specialty Store, Department Store, Super Market, Hypermarket, and Online.

Rice Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of regional analysis, the Global Rice Market is classified into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The “Global Rice Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are LT Food Limited, Kohinoor Foods Ltd., GRM Overseas Ltd., KRBL Limited, EBRO Foods Inc., Asia Golden Rice, Thanasan Group, Ake Rice Mill Co. Capital Rice Group, Gulf Rice Milling, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We dig deep into the market using both qualitative and quantitative methods, breaking it down by economic and non-economic factors. You'll get market value data in USD Billion for every segment and sub-segment. We'll pinpoint the region and segment poised for the fastest growth and market dominance. Our geographical analysis highlights product/service consumption, revealing the factors influencing each region. The competitive landscape shows major player rankings and covers new launches, partnerships, expansions, and acquisitions from the last five years. We provide detailed company profiles with overviews, insights, benchmarking, and SWOT analyses for key players. Expect a look at the current and future market, including growth opportunities, drivers, and challenges in emerging and developed regions. We also include a thorough analysis using Porter's Five Forces and provide a Value Chain perspective to understand how value is created. Finally, we paint a picture of market dynamics and future growth opportunities, all backed by 6 months of post-sales analyst support.

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