Global Rice Market Report by Product Type (Regular, and Aromatic), Type (Red Rice, Arborio Rice, Black Rice, Grain Fragrance Rice, Brown Rice, Rosematta Rice, Grain Parboiled Rice, Sushi Rice, and Others), Grain Size (Long Grain, Medium Grain, and Short Grain), Distribution Channel (Offline, and Online), Application (Food, Feed, and Others), Countries and Company Analysis, 2024-2032

Growing populations and shifting dietary habits

The need for staple foods like rice is growing as the population grows, especially in highly populated areas of Asia and Africa. Rice is a staple food that provides billions of people with their primary source of carbohydrates and nutrients globally. Moreover, evolving dietary practices are fueling the market's expansion. Fast-paced lifestyles, rising income disparities, and rapid urbanization make people want quick and simple meals, with rice-based recipes being popular. The need for healthier options is also being driven by health-conscious consumers, who are choosing whole grain and specialty rice variants. Hence, population increase and changing food habits significantly impact the worldwide rice market.

Expanding prospects for exports

The transnational flow of rice is being made more accessible by growing globalization and the existence of international trade agreements. These accords facilitate rice-producing nations' access to global markets by lowering trade obstacles. There are three types of rice: medium-grain, short-grain, and long-grain, each of which suits a particular cuisine. Because of their diversity, rice-exporting nations can satisfy the unique needs of different global marketplaces. Convenient and quickly made food products are becoming increasingly in demand as the world's population expands. Due to its versatility, rice is a staple food that appeals to a diverse spectrum of customers globally and matches this trend. The confidence of importers and customers is increased when exporters can be assured that rice fulfills international standards for safety and quality through stringent quality control systems and certifications.

Government policies and initiatives for agriculture

Government programs and agricultural laws are significant factors influencing the world rice market. To encourage rice farming, maintain price stability, and guarantee food security for their citizens, numerous nations that produce rice put policies and initiatives into place. Incentives for rice growers, price support systems, and subsidies encourage higher output. These policies maintain market stability by shielding farmers from price swings and motivating them to invest in cutting-edge farming methods and technology. To increase rice yields, disease resistance, and drought tolerance, governments are also funding research and development (R&D) projects. High-yield rice varieties are being cultivated as a result, along with the introduction of modern agricultural techniques.

Asia Pacific Rice Market

Rice is the staple grain of Asia and a portion of the Pacific. The Food and Agriculture Organization estimates that Asia produces and consumes 90% of the world's rice.

China has dominated production throughout history and still does. Rice farming is a rather labor-intensive process overall. About 49% of China's rice production is produced on rice fields, most of which are found in Central China (National Bureau of Statistics of China). In addition to servicing its enormous local needs, China sells a sizable amount of rice worldwide. Turkey, Egypt, Korea, Japan, and the Ivory Coast are the leading importers of Chinese rice. Because of the high local consumption and demand for rice exports worldwide, rice production is expected to stay high during the projected period.

Similarly, over the previous 60 years, rice production in India has expanded by 3.5 times. The Rice Exporters Association reports that in 2021, India exported 20 million tons of rice, including 16 million tons of non-basmati rice. Since rice is essential, there should be no national import limitations. In addition, the minimum support price (MSP) offered by the Indian government has encouraged farmers to start growing rice. The minimum selling price (MSP) for the Kharif season of 2021–2022 was INR 1,940 per quintal, as opposed to INR 1,868 per quintal in 2021.

Global Rice Company Analysis

Some leading rice companies are KRBL Limited, LT Food Ltd, Kohinoor Foods, Thai Wah, Archer Daniels, Tate & Lyle, General Mills, and MGP Limited.

Global Rice Company News

Nov 2022: LT Foods and Saudi Agricultural and Livestock Investment Company (SALIC) have partnered strategically. A strategic Supply & Cooperation agreement was signed by LT Foods and SALIC, which will expedite LT Foods' goals for organic and inorganic expansion and the export of specialized basmati rice to Saudi Arabia and the Middle East.

May 2022: To bolster its position as market leader in FMCG and basmati rice, Adani Wilmar announced the acquisition of Kohinoor Foods Ltd. As a result, its business strategy portfolio in the higher-margin branded staple product area will be further expanded.

April 2022: LT Foods introduced Ready-to-make Daawat Biryani Kits in three regional variants—Hyderabad, Kolkata, and Lucknow—with the goal of reinventing the at-home biryani cooking experience.

September 2021: USA Rice and Anheuser-Busch Companies LLC (AB InBev) teamed up to promote environmentally friendly rice growing. This agreement will transform working rice fields into animal habitats while growers receive technical and financial support to switch to more effective irrigation, nutrient, and energy techniques.

April 2021: In Australia and the United Arab Emirates, LT Foods Ltd. introduced its high-end rice-based snack brand, "Kari Kari." Dubai, Sydney, and Perth will all have Kari Kari available. The Australian supermarket retailer Aldi will also distribute the brand.

Product Type – Market breakup in 2 viewpoints:

1. Regular
2. Aromatic

Type – Market breakup in 9 viewpoints:

1. Red Rice
2. Arborio Rice
3. Black Rice
4. Grain Fragrance Rice
5. Brown Rice
6. Rosematta Rice
7. Grain Parboiled Rice
8. Sushi Rice
9. Others

Grain Size – Market breakup in 3 viewpoints:

1. Long Grain
2. Medium Grain
3. Short Grain

Distribution Channel – Market breakup in 2 viewpoints:

1. Offline
2. Online

Application – Market breakup in 3 viewpoints:

1. Food
2. Feed
3. Others

Country – Market breakup of 25 Countries:

1. North America

1.1    United States

1.2    Canada

2. Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherland

2.8    Turkey

3. Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4. Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5. Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    South Africa

All the key players have been covered from 3 Viewpoints:

• Business Overview
• Sales Analysis
• Recent Development & Strategies

Key Players Analysis:

1. KRBL Limited
2. LT Food Ltd
3. Kohinoor Foods
4. Thai Wah
5. Archer Daniels
6. Tate & Lyle
7. General Mills
8. MGP limited

Report Details: