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Global Basmati Rice Market Share, Size, Analysis, Forecast: By Type: Parboiled, Raw; By Nature: White, Brown, Others; By Country of Origin: India, Pakistan, Others; By End User: Retail, HoReCa and Institutional; By Distribution Channel: Supermarkets and Hypermarkets, Others; Regional Analysis; Competitive Landscape; 2024-2032
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 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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Basmati Rice Market Analysis
8.1 Key Industry Highlights
8.2 Global Basmati Rice Historical Market (2018-2023)
8.3 Global Basmati Rice Market Forecast (2024-2032)
8.4 Global Basmati Rice Market by Type
8.4.1 Parboiled
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Raw
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Basmati Rice Market by Nature
8.5.1 White
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Brown
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Basmati Rice Market by Country of Origin
8.6.1 India
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pakistan
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Basmati Rice Market by End User
8.7.1 Retail
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 HoReCa and Institutional
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Basmati Rice Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Convenience Store
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Speciality Store
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Basmati Rice Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Basmati Rice Market Analysis
9.1 Market by Type
9.2 Market by Nature
9.3 Market by End User
9.4 Market by Distribution Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
10 Europe Basmati Rice Market Analysis
10.1 Market by Type
10.2 Market by Nature
10.3 Market by End User
10.4 Market by Distribution Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
10.5.3 France
10.5.3.1 Historical Trend (2018-2023)
10.5.3.2 Forecast Trend (2024-2032)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2023)
10.5.4.2 Forecast Trend (2024-2032)
10.5.5 Others
11 Asia Pacific Basmati Rice Market Analysis
11.1 Market by Type
11.2 Market by Nature
11.3 Market by End User
11.4 Market by Distribution Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
11.5.3 India
11.5.3.1 Historical Trend (2018-2023)
11.5.3.2 Forecast Trend (2024-2032)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2023)
11.5.4.2 Forecast Trend (2024-2032)
11.5.5 Australia
11.5.5.1 Historical Trend (2018-2023)
11.5.5.2 Forecast Trend (2024-2032)
11.5.6 Others
12 Latin America Basmati Rice Market Analysis
12.1 Market by Type
12.2 Market by Nature
12.3 Market by End User
12.4 Market by Distribution Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2023)
12.5.1.2 Forecast Trend (2024-2032)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2023)
12.5.2.2 Forecast Trend (2024-2032)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2023)
12.5.3.2 Forecast Trend (2024-2032)
12.5.4 Others
13 Middle East and Africa Basmati Rice Market Analysis
13.1 Market by Type
13.2 Market by Nature
13.3 Market by End User
13.4 Market by Distribution Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2023)
13.5.1.2 Forecast Trend (2024-2032)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2023)
13.5.2.2 Forecast Trend (2024-2032)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2023)
13.5.3.2 Forecast Trend (2024-2032)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2023)
13.5.4.2 Forecast Trend (2024-2032)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Cultivation and Harvesting of Basmati Rice
16.1 Land Requirements
16.2 Construction Requirements
16.3 Machinery Requirements
16.4 Labour Requirements
16.5 Climate Requirements
16.6 Soil Requirements and Treatment
16.7 Yield per Hectare
16.8 Period of Maturation
16.9 Seed Selection and Treatment
16.10 Land Preparation and Planting
16.11 Irrigation Requirements
16.12 Crop Protection
16.13 Storage and Packaging
16.14 Transportation
16.15 Total Costs Involved
17 Processing of Basmati Rice
17.1 Detailed Process Flow
17.2 Various Unit Operations Involved
17.3 Machinery Requirements
17.4 Transportation
17.5 Total Costs Involved
17.5.1 Fixed Cost
17.5.2 Variable Cost
18 Loans and Financial Assistance
19 Project Economics
19.1 Capital Cost of the Project
19.2 Techno-Economic Parameters
19.3 Product Pricing and Margins
19.4 Taxation and Depreciation
19.5 Income Projections
19.6 Expenditure Projections
19.7 Financial Analysis
19.8 Profit Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 KRBL Limited
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Kohinoor Foods Limited
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 Adani Wilmar Limited
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Dunar Foods Ltd.
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Ebro Foods, S.A.
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Lundberg Family Farms
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 New Bharat Group
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Supple Tek Pvt Ltd
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 LT Foods Limited
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 HAS Rice Pakistan
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 Latif Rice Mills Pvt. Ltd.
20.2.11.1 Company Overview
20.2.11.2 Product Portfolio
20.2.11.3 Demographic Reach and Achievements
20.2.11.4 Certifications
20.2.12 A.I.Z Import & Export
20.2.12.1 Company Overview
20.2.12.2 Product Portfolio
20.2.12.3 Demographic Reach and Achievements
20.2.12.4 Certifications
20.2.13 Others
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Basmati Rice Market: Key Industry Highlights, 2018 and 2032
2. Global Basmati Rice Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Basmati Rice Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Basmati Rice Historical Market: Breakup by Nature (USD Million), 2018-2023
5. Global Basmati Rice Market Forecast: Breakup by Nature (USD Million), 2024-2032
6. Global Basmati Rice Historical Market: Breakup by Country of Origin (USD Million), 2018-2023
7. Global Basmati Rice Market Forecast: Breakup by Country of Origin (USD Million), 2024-2032
8. Global Basmati Rice Historical Market: Breakup by End User (USD Million), 2018-2023
9. Global Basmati Rice Market Forecast: Breakup by End User (USD Million), 2024-2032
10. Global Basmati Rice Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11. Global Basmati Rice Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Basmati Rice Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Basmati Rice Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Basmati Rice Market Structure
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% between 2024 and 2032.
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