Global Rice Market Report and Forecast 2025-2034

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Rice Market Growth

Rice is a fundamental ingredient in numerous Middle Eastern and Asian dishes and side dishes. There are various types of rice, including long-grain varieties like Basmati and Jasmine, medium-grain types like Arborio and Valencia, and short-grain varieties such as Sushi and Glutinous rice. Each type has unique cooking characteristics and is utilized in different culinary applications. Rice is mainly composed of carbohydrates, contains a small amount of protein, and has virtually no fat.

According to the data from the Government of India, the total production of rice in 2022-2023 has been estimated to be 1308.37 lakh tonnes, increased by 13.65 lakh tonnes as compared to 2021-2022.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Recent Developments

Rice Market Trends

Consumer are shifting towards premium rice varieties like Basmati and organic rice, due to increasing disposable incomes, which is contributing to rice market revenue. Government policies and support in major rice-producing countries, such as subsidies and minimum support prices, also bolster production and market stability. 

There is a rising demand for convenience foods, leading to the popularity of processed rice products like instant rice and rice snacks. Sustainability is becoming a significant focus, with consumers and producers alike showing interest in sustainable farming practices and eco-friendly packaging. Developments in the rice market include the expansion of e-commerce platforms, facilitating easier access to a wide variety of rice products for consumers.

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Rice Industry Segmentation

Rice Market Share

Basmati rice stands out among various types of rice due to its unique characteristics and widespread appeal.

Basmati rice is known for its distinctive aroma; and offers a nutty and aromatic fragrance that enhances the culinary experience. This quality makes it a favoured choice in cuisines around the world, particularly in South Asian dishes, where the aroma complements rich spices and flavours.

Beyond its aroma, Basmati rice is prized for its long, slender grains that cook up fluffy and separate. This texture is ideal for dishes where each grain should maintain its integrity. The versatility of Basmati rice extends to both savoury and sweet preparations, adapting well to diverse cooking styles and ingredients, which is further shaping the rice market dynamics and trends.

Rice plays a pivotal role in the food sector globally, serving as a staple food for a significant portion of the world's population. 

It is a versatile ingredient used in a wide range of culinary applications, from simple steamed rice dishes that accompany meals to complex preparations like biryani, sushi, and risotto. Its ability to absorb flavours and complement various ingredients makes it indispensable in diverse cuisines worldwide. 

Additionally, rice is processed into essential food products such as rice flour for gluten-free baking, rice noodles for Asian dishes, and rice bran oil for cooking. Beyond its culinary uses, rice is also fermented to create traditional beverages like sake and rice wine. The widespread consumption and production of rice are supported by agricultural policies and practices across many countries, reinforcing its status as a dietary staple and a critical component of global food security.

Meanwhile, rice also plays a crucial role as a valuable ingredient in livestock and aquaculture nutrition. Rice bran, a byproduct of rice milling, is widely used due to its high energy content and nutritional benefits, including protein, fibre, and essential minerals. It is commonly incorporated into livestock feed for cattle, poultry, and swine to enhance their diet and promote healthy growth. 

The use of rice in animal feed underscores its importance as a versatile and economically viable alternative to traditional feed ingredients, contributing to the nutritional requirements and efficiency of feed formulations in the agriculture and aquaculture sectors.

Leading Manufacturers in the Rice Market

Rice Market Regional Analysis

Asia Pacific's dominance in both rice consumption and production, as highlighted by the FAO and USDA data, positions the region as a pivotal player in the global rice market. With over 90% of global rice consumption occurring in Asia Pacific due to its status as a staple food in populous countries like China and India, the demand for rice is consistently high. 

Moreover, Asia Pacific countries, including major producers like China and India, play a crucial role in global rice production, contributing significantly to meeting global demand. Government support in the form of subsidies and minimum support prices further bolsters production, ensuring stability and sustainability in the growth of rice market.

Rice Market Report Snapshots

Rice Market Size

Rice Market Growth

Rice Market Trends

Rice Market Share

Rice Manufacturers

Rice Market Regional Analysis