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Report Overview
The global basmati rice market, valued at USD 6.34 Billion in 2024, has experienced significant growth, driven by diverse market segments such as organic, fortified, and ready-to-cook rice products, addressing varied consumer demands. The market is projected to grow at a compound annual growth rate (CAGR) of 2.00% from 2025 to 2034, potentially reaching USD 7.73 Billion by 2034. This growth is further supported by the growing perception of Basmati rice as a healthier alternative to regular rice, typically offering a lower glycemic index, which is beneficial for diabetics and health-conscious individuals.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Saudi Arabia is the second-largest importer of Indian basmati rice, with a 17.1% share of total exports, according to APEDA. This positions Saudi Arabia as a key player in India’s basmati rice market, reinforcing trade partnerships and contributing to the overall growth of Basmati exports.
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Iraq accounts for 12.3% of India’s basmati rice exports, positioning it as a significant market. The growing demand from Iraq highlights the region's increasing preference for basmati rice, supporting India’s position as the leading global exporter and enhancing its market diversification.
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North America imported USD 0.31 billion worth of basmati rice, capturing only an 8% market share in India’s basmati rice exports. This reflects potential growth opportunities for India in the North American market, indicating prospects for increasing market penetration and export value.
Global Basmati Rice Market Growth
The growth of the basmati rice market is driven by its central role in Middle Eastern cuisine, where it is used to prepare rich dishes that feature layers of rice, meat, and dried fruits. Basmati rice also forms a part of the staple diet of many cultures, thus boosting its consumption globally. Besides, the basmati rice demand forecast indicates that the increasing export demand from various countries in the Middle East has further led to the fast rate of rice cultivation in most major geographic regions. Other important large importing countries are the USA and Europe.
As per the Agricultural & Processed Food Products Export Development Authority (APEDA), for India's basmati rice export market, Iran emerges as the largest importer, accounting for 25.3% of the total exports, followed by Saudi Arabia with 17.1% and Iraq with 12.3%. These three countries alone account for a significant basmati rice market share, highlighting the strong demand for basmati rice in the Middle East. The United Arab Emirates and Yemen also contribute notable shares, with 6.5% and 5.2%, respectively, reinforcing the Middle Eastern dominance.
The basmati rice industry analysis also states that the United States (4.1%) and Kuwait (3.7%) are prominent non-Middle Eastern buyers, while the United Kingdom (3.3%), Oman (2.0%), and Qatar (1.8%) account for smaller shares. The overall trend shows a concentrated demand in the Middle East, driven by inventory-building efforts and a willingness to pay higher prices. This reflects the regional preference and robust market potential for India's basmati rice.
Basmati Rice Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the basmati rice market reached an approximate value of USD 6.34 Billion.
The major market drivers are rising disposable incomes, increased consumption of premium products, and increasing population.
The increasing health consciousness among consumers and rising export demand for rice are the key trends driving the market growth.
Asia Pacific, North America, Latin America, Europe, the Middle East and Africa are the major regional markets.
The major types of rice are raw and parboiled.
Retail packaging and institutional packaging are the different pack sizes in the market.
The major producing countries are India, and Pakistan, among others.
The major players in the basmati rice market are 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 market is assessed to grow at a CAGR of 2.00% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 7.73 Billion by 2034.
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