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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

  • 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.

  • 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.

  • 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 Regional Insight

According to the global basmati rice industry analysis, the Asia Pacific is the leading rice producing region, with India and Pakistan as the key markets. The region accounts for almost 90% of the global rice production. China is the leading rice producer, followed by India. However, basmati rice, specifically, is primarily grown in India and Pakistan.

CAGR 2024-2032 - Market by Country
India 4.7%
UK 3.2%
China 2.7%
Saudi Arabia 2.5%
Australia 2.3%
USA XX%
Canada 1.9%
Germany XX%
France XX%
Italy XX%
Japan XX%
Brazil XX%
Mexico XX%

India is the largest producer of basmati rice, accounting for over 70% of its global output. Basmati rice consumption India is quite high as rice is among the staple diets of India. In 2018, its production attained almost 5.03 million tons. The country is also the leading exporter of basmati rice. The strengthening exports is a combined result of an increasing demand from Iran and the rise in prices that have been taking place over the last three years.

Haryana, Punjab, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Jammu and Kashmir, and Delhi are the major basmati rice producing states in India. In Pakistan, the Punjab province is the largest producer of the paddy crop.

The Middle East and Africa is a significant consumer of basmati rice, which accounts for 37.5% of their total consumption of the paddy crop. GCC countries are the major importers of the basmati variety of the paddy crop. The steady increase in imports from Saudi Arabia and Iran is driving the rise of Indian exports of basmati rice.

Market Share by Country
UK 4.3%
USA XX%
Canada XX%
Germany XX%

Between 2017-2018, Iran was the leading importer of the grain from India. Iran was followed by Saudi Arabia and the United Arab Emirates as the other significant importing countries of the basmati variety from India. Europe and the US are also significant consumers of the basmati variety.

The North American market remains focused on niche markets and ethnic communities where there is a preference for authentic Basmati rice. Importers in this region give precedence to the building of robust supply chains with reliable producers in India and Pakistan. Besides, the product differentiation is given in the form of organic and specialty rice types to cater to the health-conscious and gourmet consumers. While marketing, the features such as aroma, flavour, and health attributes are highlighted, placing Basmati in the premium category to favour the changing basmati rice market dynamics and trends.

The quality and sustainability standards are very stringent in the European markets, since consumer preference is for high-quality and sustainably produced food there. The certified producers in India and Pakistan work in conjunction with importers and retailers to ensure EU compliance. Much attention is given to organic and fair-trade certification as a means of attracting environmentally and socially aware consumers. The marketing strategies in Europe focus on the cultural heritage and high quality of Basmati rice, targeting gourmet markets and food enthusiasts. Besides, it reduces carbon footprints while boosting traceability through responsible sourcing.

The Middle East, and more specifically the GCC markets, presents a potential and current huge market for Basmati rice, based on cultural preference and high consumption. Close trade relationships with major producers in India and Pakistan are nurtured by importers in this region. Competitive pricing and ability to meet large demand are important. The Middle East market is focused on the stability of the supply chain and the quality of Basmati rice imports. Strategic partnerships and long-term contracts with key exporters are the most common routes to market share.

In other regions, for example, Africa and Latin America, the strategies principally aim at increasing market penetration and brand recognition. To further augment the growth of the basmati rice market, importers initially target the growing middle-class populations and urban centres with increasing demand for high-end food products.

Overall, competitive strategies adopted by firms in the global basmati rice market, those that best fit the demand and tastes in each region, are bound to ensure continued growth and presence in the market.

Basmati Rice Market Report Snapshots

Basmati Rice Market Size

Basmati Rice Market Growth

Basmati Rice Companies

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

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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