Global Basmati Rice Market to Grow at a CAGR of 2.0% During 2024-2032, Aided by the Growth of Asia Pacific Rice Market

The global basmati rice market is significantly affected by the Asia Pacific rice market, with China and India being the leading producers, respectively. The demand for basmati rice is increasing globally. India dominates the global basmati rice market in terms of production and export. The main states manufacturing basmati rice in India are Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Jammu and Kashmir, and Delhi. It accounts for around 70% production in the global basmati rice market. Basmati rice is widely consumed, even as staple food in Indian as well as other South Asian cuisines. Basmati rice is also widely imported by many nations, including countries like Saudi Arabia, Iran, Algeria, Somalia, and Kenya. The increasing demand for rice by these countries is propelling the growth of the global rice market further.

LT Foods, in 2017, is one of the key players. In its first Rotterdam rice production plant in The Netherlands, with the original capability of 60.000 tonnes, spent USD 15 million to introduce 'Daawat' in Europe, its most famous brand. The demand for basmati rice is majorly boosted by the growing investments by prominent companies like Walmart (NYSE: WMT), Tesco (OTCMKTS: TSCDY), and Amazon (NASDAQ: AMZN) in the Indian market.

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Market Analysis by Type, Nature, End User, Distribution Channel, Country of Origin, and Region:

• On the basis of type, the market is bifurcated into raw and parboiled.

• The market, on the basis of nature, is segmented into white, and brown, among others.

• By end user, the market is bifurcated into retail, HoReCa and institutional.

• On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience store, and speciality store, among others.

• Based on country of origin, the market is categorised into include India and Pakistan, among others.

• The major regional markets for basmati rice are North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

Key findings of the report:

• The increasing demand for basmati rice in the Middle Eastern and South Asian cuisines is also driving the global basmati rice market.

• The global basmati rice industry is supported by better value, flavour, and aroma.

• The rising population also aids the global basmati rice market.

• The increase in the purchasing power of the middle-class people is also propelling the market further.

• It is the preferred rice among health-conscious people because it is rich in nutritional value and has a lower fat content.

• The rising disposable income of people is also encouraging them to buy premium products. The increased disposable income acts as a catalyst in the growth of the global basmati rice market.

Key Offerings of the report:

• The EMR report provides an overview of the global basmati rice market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for the product forms and regions.

• The EMR report provides the price analysis of major regions.

• The report gives the trade analysis of the major importing and exporting countries by value and volume.

The major key players in the global basmati rice market includes KRBL Limited, Kohinoor Foods Limited, Adani Wilmar Limited, Dunar Foods Ltd., Ebro Foods, S.A., Lundberg Family Farms, New Bharat Group, Supple Tek Pvt Ltd, LT Foods Limited, HAS Rice Pakistan, Latif Rice Mills Pvt. Ltd., and A.I.Z Import & Export, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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