Global Rice Market Size, Drivers, Trends, Opportunities And Strategies – Includes Rice Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
A growing food and restaurant sector is likely to boost rice manufacturing innovation, hence propelling the market throughout the forecast period.
The global rice market is expected to grow from $28.06 billion in 2022 to $30.00 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global rice market size is expected to reach $38.73 billion in 2027 at a CAGR of 6.6%.
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Global Rice Market Segments Include:
- By Type: Arborio Rice, Rosematta Rice, Red cargo Rice, Parboiled Rice, Sushi Rice, Wild Rice, Glutinous Rice, Other Types
- By Length: Long Grain Rice, Medium Grain Rice, Short Grain Rice
- By Color: White Rice, Brown Rice, Red Rice, Black Rice
- By Distribution Channel: Hypermarket, Supermarket, Convenience Store, Departmental Retail Stores, Online Stores, Other Distribution Channels
- By Application: Residential, Commercial
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global rice market in 2021.
Major Market Players in the rice market include LT Foods Ltd., KRBL Limited, Ebro Foods Inc., Aashirvad International, Lundberg Family Farms, Riviana Foods Inc., Adani Wilmar Limited, RiceSelect, Planet Rice, ConAgra Foods Inc.
Product innovations are a crucial trend that is gaining traction in the rice market. To maintain their market position, major rice firms are focusing on the development of new goods. To fulfil consumer demand for meat substitutes, Roquette, a France-based supplier of plant-based components, introduced Nutralys, a novel rice protein, in June 2022. The new rice protein contains nutritional protein that has been merged with high manufacturing standards and quality for consumers all over the world. Nutralys offers a non-GM and gluten-free plant protein source to complement Roquette’s Nutralys pea protein for a comprehensive vegetarian protein supplement for specialised nutrition.
The Rice Global Market Report 2023 provides a rice market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The rice market forecast analyzes rice market size, rice market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Rice is a complex carbohydrate cereal grain that is used as the primary fuel source. Rice contains a high concentration of protein, iron, manganese, fibre, and vitamin B. It has the potential to be extremely beneficial in the fight against malnutrition.
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