Press Release
Press Release
According to a new report by EMR titled, ‘The United States Basmati Rice Market Report and Forecast 2024-2032’, the market reached a volume of 11.81 MMT in 2023. The global production of basmati rice is expected to grow at a CAGR of 5.7% in the forecast period of 2024-2032.
The United States is the second largest importer of basmati rice in the world. According to industry reports, the leading importing partners of the USA for basmati rice are India, Pakistan, and China. This significant demand in the country is driven by consumer preferences for premium quality and aromatic rice varieties and the growing demand for diverse and exotic cuisines. Further, growing number of immigrants in the country and the rising influence of ethnic populations consuming traditional dishes are supporting the United States basmati rice market growth.
Moreover, the market benefits from the rising health consciousness, alongside a growing recognition of the nutritional advantages offered by parboiled rice, including high protein, fibre, and low cholesterol. The demand is also driven by high disposable incomes, a robust supply chain, and the expanding food and beverage industry in the United States. In addition, growing online platforms for sales of groceries like Amazon Fresh, Amazon.com Inc. (NASDAQ: AMZN) and Instacart, Maplebear Inc. (NASDAQ: CART), among others are supporting the market growth of basmati rice in the USA.
In October 2023, Royal® launched a new ready-to-heat white Queso & Jalapeño seasoned basmati rice. The rice is available in more than 700 Walmart locations nationwide.
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The major players in the United States basmati rice market are L.T. Food, KRBL Limited, Lundberg Family Farms, Kohinoor Foods Ltd., and Riviana Foods Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type of Rice |
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Breakup by Pack Size |
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Breakup by Distribution Channel |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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