Chile Rice Market Report and Forecast 2024-2032

Chile Rice Market Size

The Chile rice market reached approximately 263.1 thousand tons in 2023. The market is projected to grow at a CAGR of 1.10% between 2024 and 2032, reaching a volume of around 292 thousand tons by 2032.

Chile Rice Market Outlook

• The primary rice-growing region in Chile is situated in the southern part of the Maule Region and the recently established Ñuble Region.

• As per the industry report, around 70 per cent of the total rice consumption in the country is from imports.

• In 2022, Argentina was the primary rice import country in Chile, followed by Paraguay and Uruguay.

Chile Rice Market Growth

Growing rice consumption in the country, favourable government policies, and a rise in import volumes to meet the rising domestic demand are some of the major market drivers. The Chilean government is adopting various strategies to bolster agricultural output. For instance, programs such as the Permanent Family Contribution and additional subsidies are designed to lower expenses and enhance household income, ultimately aiding the rice sector through a rise in disposable income.

Chilean consumers are increasingly shifting towards premium and speciality rice varieties, including organic rice, aromatic rice, and health-oriented options like brown rice and this change is propelled by a rising health awareness and a demand for superior quality food products.

Consumers and producers in the market are increasingly recognising the importance of sustainable agriculture and its environmental implications. Initiatives are underway to embrace more sustainable farming methods, decrease water consumption, and reduce the overall carbon emissions associated with rice production.

Chile Rice Industry Segmentation

“Chile Rice Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Rice Type

• Long-Grain Rice

• Medium-Grain Rice

• Short-Grain Rice

Market Breakup by Processing Type

• White Rice

• Brown Rice

• Parboiled Rice

Market Breakup by End Use

• Food and Beverages

• Retail

• Industrial

Chile Rice Market Share

Based on end use, the market is divided into food and beverages, retail, and industrial. The food and beverage sector accounts for a major market share as rice holds a significant position in Chilean cuisine, serving as a staple food item in both traditional and contemporary dishes. Furthermore, its widespread usage in households and restaurants alike has led to a substantial increase in its consumption within this sector.

Key Highlights of the Report