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Report Overview
The basmati rice market stood at a value of around USD 6.22 Billion in 2023. The market is estimated to expand at a CAGR of 2.00% in the period of 2024-2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Basmati Rice Market Growth
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 represent a substantial portion of the market, indicating 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
Basmati Rice Market Regional Analysis
*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
The global market for basmati rice stood at a value of around USD 6.22 Billion in 2023.
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 for basmati rice is expected to grow at a CAGR of 2.00% between 2024 and 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124