Asia Pacific Basmati Rice Market Report and Forecast 2024-2032

Asia Pacific Basmati Rice Market Outlook

The Asia Pacific basmati rice market is being aided by the growing India basmati rice market, which has been witnessing a healthy growth. The India basmati rice market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.

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Being the Highest Producer of Basmati Rice Globally, India Leads the Asia Pacific Basmati Rice Industry

The Asia Pacific alone accounts for around 90% share in global rice production, with China being the leading producer of rice. However, India leads the basmati rice production and is responsible for two-thirds of the global supply of basmati rice. The key areas of basmati rice production in India are Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Uttarakhand, western Uttar Pradesh, and Delhi. During 2019-2020, India exported USD 4,330.7 million worth of basmati rice to various parts of the world. Saudi Arabia, Iran, the UAE, and Kuwait are some of the key countries where India exports its basmati rice.

Basmati Rice: Market Segmentation

Basmati rice is one of the most popular rice types grown particularly in India and Pakistan. It is a long-grain rice that is characterised by its special aroma and flavour.  Basmati rice comes in two different varieties, white and brown basmati rice. Though, white basmati rice is commonly used, brown rice has more fibre content with intense flavour and texture. Compared to white rice, brown rice is healthier as it has an outer bran layer.

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The major types of basmati rice are:

• Parboiled
• Raw

On the basis of end use, the market has been categorised into:

• Retail
• Institutional

The EMR report looks into the regional markets of basmati rice like China, India, Australia, Pakistan, and others.

Increasing Per-Capital Income in Countries like India and China to Drive the Asia Pacific Basmati Rice Industry

The growing demand from consumers and the increasing per-capita income in economies like India and China are likely to drive the market in the coming years. Also, the constantly growing population in the region is expected to act as one of the major contributors to the market growth during the forecast period. Furthermore, the several health benefits associated with the consumption of basmati rice, such as diabetes management and improvement in digestion, are also expected to provide promising growth opportunities to the market. Basmati rice is rich in several important nutrients required by the body, such as vitamin B1, vitamin B6, copper, iron, magnesium, and zinc.

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Key Industry Players in the Asia Pacific Basmati Rice Market

The report presents a detailed analysis of the following key players in the Asia Pacific basmati rice market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• KRBL Limited 
• Supple Tek industries Pvt ltd. 
• Kohinoor Foods Ltd 
• Adani Group
• Matco Foods Limited
• Ideal Basmati Rice
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report