Global Rice Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Rice Market Overview:

“The global Rice Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Rice is a seed of the grass species Oryza sativa or Oryza glaberrima. As a cereal grain, rice is most widely consumed staple food in most part the world. Rice will continue to be the primary source of food across the globe. Improved rice production technologies have created an increased demand for rice. The rice plant usually takes three to six months from germination to maturity, depending on the variety and the environment under which it is grown.

Rice is consumed widely after cooking with water. Other form in which rice is consumed are rice flakes, puffed rice, rice wafers and canned rice. Rice is also used in starch and brewing industries. The by-product of rice milling i.e. rice husk and bran are used as cattle and poultry feed.

Key driver of the global rice market is growing fast food industry and restaurants. In addition, increasing governments initiatives for major domestic rice production industries, growing population are factors anticipated to propel growth of the global rice market.

Due to shift of consumers towards healthy eating habits, the manufacturers are focusing on launching new rice brands and making renewed efforts to attract health-conscious people. Demands for brown rice is increasing across globe.

Major players are focusing on innovations in packaging and changing food preference such as emergence of ready-to-eat food product will result in introduction of ready-to-cook rice. Increasing consumption of rice in countries where it is not a staple food is also expected to support the growth of rice market. Innovative planting or cultivation technologies in the global rice sector, have produce higher yields than traditional methods, which aids in increasing rice production as well as protect the environment from the excessive use of agricultural chemical insecticides and pesticides.

The market in Asia pacific is expected to dominate market of the global rice market, owing to countries such as Thailand, Vietnam, India, Pakistan, and China which have highest production capacities and accounts for almost 75 percent of rice export from this region. Asia Pacific rice market is projected to register highest CAGR in the next five years.

Global Rice Market Segmentation:

Segmentation by rice length:

• Long grain
• Medium grain
• Short grain

 Segmentation by type:

• Arborio rice
• Black rice
• Jasmine rice
• Brown rice
• Rosematta rice
• Red cargo rice
• Parboiled rice
• Sushi rice
• Others (including wild rice, valencia rice, glutinous rice etc.)

Segmentation by distribution channel:

• Retail stores
• Specialty store
• Department store
• Supermarket
• Hypermarket
• E commerce

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa