Rice Market Size Was Valued at USD 296.78 Billion in 2023 and is Projected to Reach USD 380.52 Billion by 2032, Growing at a CAGR of 2.8% From 2024-2032.
Rice, a starchy cereal grain and grass plant, is a staple meals for about half of of the world’s populace, consisting of most of East and Southeast Asia. It is cooked via boiling or floor into flour and is consumed in various Asian, Middle Eastern, and different cuisines. Rice is likewise utilized in breakfast cereals, noodles, and alcoholic liquids like Japanese sake. Humans devour the majority of the sector’s rice crop.
Milling by way of-merchandise, which includes bran and rice polish, are used as livestock feed, oil for meals and commercial purposes, and damaged rice for brewing, distilling, starch, and flour production. Hulls are used for gasoline, packing fabric, business grinding, fertilizer, and furfural production. Straw is used for feed, cattle bedding, mats, clothes, packing cloth, and broomstraws.
The Major Players Covered in this Report:
- Dunar Foods Ltd. (India)
- KRBL Limited (India)
- LT Foods (India)
- Indo World Trading Corporation (India)
- Asia Golden Rice (Singapore)
- Olam International (Singapore)
- Thai Rice Exporters Association (Thailand)
- Vietnam Food Association (Vietnam)
- Mega Global Food Industry (Thailand)
- Amado Group (Thailand)
- Windmill Group (Sri Lanka)
- Tsuruha Holdings Inc. (Japan)
- Matco Foods Limited (Pakistan), and Other Major Players.
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Market Dynamics and Factors Influencing Growth:
Market Driver:
The rice market operates within a complex framework influenced by supply and demand dynamics, international trade policies, and climatic conditions. It is a staple food for over half the world’s population, making its production and distribution critical for food security. Key producers like China, India, and Thailand dominate the global supply, while major importers include countries in Africa and the Middle East. Market prices are shaped by variables such as harvest yields, government interventions, and global trade agreements, along with the impact of speculative trading. The balance of trade flows, quality standards, and logistical factors also contribute significantly to market fluctuations.
Market Opportunity:
The rice market presents significant opportunities in both traditional and emerging segments. The growing preference for healthy diets has spurred demand for organic, brown, and fortified rice varieties. Additionally, rising disposable incomes in developing nations enhance rice consumption. Export opportunities are expanding as countries with limited production capabilities increase imports. Moreover, advancements in logistics and e-commerce are enabling better market penetration and access to niche consumers, creating potential for growth in premium and specialty rice categories.
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Segmentation of The Rice Market
By Type
- Brown Rice
- Indica Rice
- Black Rice
- Red Rice
- Bomba Rice
- Others
By Grain Type
- Long-Grain Rice
- Medium-Grain Rice
- Short-Grain Rice
By Application
- Human Consumption
- Animal Feed
- Industrial Uses
By Distribution Channel
- Hypermarket/Supermarket
- Convenience Store
- Departmental Retail Stores
- Online Stores
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in the Rice Market:
In May 2024, Clayton Dubilier & Rice (CD&R) finalized the acquisition of Shearer’s Foods from Ontario Teachers’ Pension Plan Board. Shearer’s Foods, known for its diverse range of high-quality snacks, operated across 17 manufacturing facilities in various locations. Former CEO Mark McNeil expressed optimism, citing CD&R’s leadership as a catalyst for accelerating Shearer’s growth trajectory.
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Rice Market Trend Analysis
Population Growth and Rising Demand
Rice intake growth has slowed or become bad globally, with Africa experiencing extra consistent with capita demand. Future call for will in particular come from populace boom in Africa and Asia. Past production growth has met global rice call for, however Africa nonetheless lags at the back of other continents in reaching desired yield degrees. Further research is needed to supply sorts with better yield potential and grain quality, specializing in Africa.
Expanding Markets and Distribution Channels
Globalization and improvements in transportation and verbal exchange enable rice manufacturers to enlarge into new areas and customer segments, increasing market penetration and revenue technology. Diversification of distribution channels, including on line platforms, supermarkets, area of expertise shops, and food service shops, permits manufacturers to cater to various customer options. Emerging tendencies and consumer needs, which include convenience, natural, or strong point rice varieties, can differentiate offerings. Expanding markets also provide opportunities for innovation and product improvement, enhancing logo visibility and loyalty.
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The latest research on the Rice Market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Automotive Wrap Films industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Rice Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses.
COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Rice Market Share by Manufacturer (2024)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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