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Market Overview:
The Rice market size is estimated to reach
$356 billion by 2030, growing at a CAGR of 2.6% during the forecast period
2023-2030, according
to a recent report published by IndustryARC. The growth
of this market is fueled by the U.S. being a principal exporter of rice
with the international market accounting for about 45% of the annual sales
volume of U.S.-produced rice and European imports of husked brown rice
leaping almost by +6% y-o-y to 1.1 million tons with Belgium and Netherlands being
the biggest brown rice importers in 2020. Poland, Belgium and the Netherlands
displayed the highest growth rates pertaining to brown rice purchases among
the leading importers.
Read the full report by IndustryARC here - “Rice Market By Type (Brown Rice, Indica Rice, Black Rice, Red Rice, Bomba Rice, Arborio Rice, Parboiled Rice, Sushi Rice, Glutinous Rice, Others), By Distribution Channel (Hypermarket, Supermarket, Convenience Store, Departmental Retail Stores, Online Stores, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”.
Asia-Pacific
accounted for a significant market share in 2022:
Asia-Pacific led the Rice
market with a 34.6% share of the overall market in 2022. The surging intake
of basmati rice (a long-grained rice with a 6.61mm
length grown in the Indian subcontinent and other Asian nations) is fueling the
growth of the Asia-Pacific Rice industry, thereby contributing to the Rice
industry outlook.
For More Queries About "Rice Market" @ https://www.industryarc.com/support.php?id=509581
Rice Market Growth Drivers:
Surging
Recognition of Vegan Rice is Driving the Growth of the Rice Market:
Rice is a delectable and versatile
staple food that is effortless to include in various diets. There are different types of remarkable vegan rice dishes. One serving of rice can transform an
ordinary can of spiced beans into a complete meal. Chinese-style “fried rice” can convert the previous night’s rice into a novel delicacy. Currently, 5% of the U.S.
population is vegetarian and of these about half are vegans.
Veganism involves the intake of only
plant-based products excluding even dairy products. Vegan diets need to be designed suitably to not result in malnutrition. Jasmine rice is 100% vegan and
has rare health advantages like the presence of phytonutrients boosting healthy
immune activity. The surging recognition of vegan rice is therefore driving the
growth of the Rice Market.
Snowballing
Applications of Black Rice and Red Rice are Propelling the Growth of the Rice
Industry:
Black rice acquires
its signature black-purple colour from a pigment termed anthocyanin which
possesses powerful antioxidant characteristics. For every 3.5 ounces (100
grams), black rice includes 9 grams of protein in comparison with 7 grams for
brown rice. The presence of antioxidants has been demonstrated to assist in
safeguarding against heart ailments. Red rice is said to help weight loss. The
fat content in red rice is zero and therefore, its intake cannot add weight to
the body. Red rice is recommended for diabetic patients. The snowballing
applications of black rice and red rice are therefore propelling the growth of
the Rice Industry, thereby contributing to the Rice Industry Outlook.
Scope of
Report:
Recent
Developments:
- In April 2022, LT Foods introduced Daawat Biryani Kit for customers to prepare authentic biryani at home with absolute convenience. LT Foods has been extending its product portfolio by way of innovation.
- In June 2020, LT Foods introduced cuppa rice under “Daawat brand”. The earliest order was delivered to Indian Railways.
Rice
Market: Competitive Landscape
Key companies profiled in the Rice Market are LT Foods Ltd, KRBL Limited, Aashirvad International, GIA Foods Ltd., Thai Hua (2511) Co., Ltd., Asia Golden Rice Co., Ltd., Lundberg Family Farms, Tanasan Rice Group (Tanasan Rice Co., Ltd. & Premium Rice Export Co., Ltd.), Ake Rice Mill Co., Ltd and Kohinoor Foods Limited.