Global Basmati Rice
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030.
• Detailed market segmentation analysis at a various level such as type, application, distribution, and region.
• Detailed analysis of the factors that drive and restrain the basmati rice market.
• Current dominating region analysis and forecasted region analysis.
• Asia-Pacific region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future.
• Overview of current market trends and opportunities in the basmati rice market.
• The parboiled rice type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years with a market size of USD XX billion in 2024.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Type |
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Market Split by Applications |
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Market Split by product |
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Market Split by Distribution Channel |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Basmati Rice industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Basmati Rice Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Basmati rice is long-grain aromatic rice grown for many centuries in a specific geographical area, in the Himalayan foothills of the Indian sub-continent, blessed with characteristics of extra-long slender grains that elongate at least twice their original size with a characteristics soft and fluffy texture upon cooking, delicious taste, superior aroma, and distinct flavor, Basmati rice is unique among other aromatic long-grain rice varieties. Basmati rice is typically available in white and brown varieties. White basmati rice is more common, but brown basmati rice can be found at many health food stores. Brown rice is higher in fiber, a more intense flavor with a stiffer texture. It also has a longer cooking time than white rice.
Countries that majorly produce basmati rice are- India, Japan, China, United Arab Emirates, Indonesia, Cambodia etc. The rice market is projected to register a CAGR of 0.88% during the period 2019-2024. India is the largest exporter of basmati rice and non-basmati rice. That’s why the government wants to maintain the floor price for basmati rice. for instance -said on Saturday it will maintain the floor price for basmati rice exports until further notice, according to a government order, as the world's biggest exporter continues to curb overseas shipments of the grain.
India imposed a $1,200 per ton minimum export price (MEP) on basmati rice shipments in August to calm local prices ahead of key state elections.
(source:https://www.business-standard.com/economy/news/govt-maintains-basmati-rice-floor-price-as-grain-export-curbs-continue-123101400446_1.html)
Population growth and rising demand a major driving factors for the basmati rice market-
Increasing population will increase the consumption of rice, China is one of the leading countries in rice consumption because their population is high so the demand for rice is also high. The growing population will demand more food with great variety. highest rice-producing country. Also, China accounts for being the largest consumer of rice. It accounts for around 30% consumption of globally produced rice. Also, with increasing popularity of basmati rice and its health benefits among the young population boosts the market for basmati rice. Basmati rice is a good source of essential nutrients like carbohydrates, protein, and B vitamins. Basmati rice has a lower fat content compared to other rice varieties, making it a healthier choice for weight management, its aromatic flavor makes basmati rice unique from other rice varieties. For instance- Horeca is referred to as the hotel and food service industries that accept basmati rice as their staple food ingredient, which is consumed by people in high demand. Every restaurant or hotel experiences immense demand or requests from their guests to serve them with basmati rice. Such a demand contributes to increased production and sales of basmati rice, leading to the growth of the market.
Hence, the increasing population reflects the consumption rate of basmati rice global market.
Modern trade of basmati rice is executed when various countries are importing rice from India and Pakistan. India is the biggest exporter of basmati rice, and the rise of demand in the world for Indian basmati has helped the market grow to substantial heights and generate great revenues in the prior forecast periods.
e-commerce, the trend for ordering foods and groceries online has immensely increased. Moreover, there is an increase in the count of on-demand grocery apps, which is helping people order their pack of basmati rice and other goods from the comfort of their homes. This is what contributes immensely to the growth of the basmati rice market in the present forecast period. Because of their busy lifestyle people shifted from traditional store shopping to modern shopping for their convenience.
The delightful aroma and alluring taste of basmati rice have conquered the taste buds and hearts of millions of food enthusiasts worldwide. But climatic changes like drought, and unpredictable weather patterns, affect the quality of basmati rice. Basmati rice is revered for its aromatic taste, texture, and quality. Rice cultivation needs an average of 100 to 200 CM rainfall. It is a highly water-consuming crop. Most of the time because of poor irrigation systems and delayed monsoon a large amount of underground water is used for Rice cultivation. Deep tube wells are used for drawing underground water. These deep tube wells need high electricity consumption. A great amount of water resources is wasted in this way.
Also, disruptions in the supply chain hinder the import and export market of basmati rice like- transportation challenges, geopolitical tension, and trade restrictions. Complex the availability of basmati rice and affect factors such as domestic and international demand, and fluctuation in the market price of basmati rice. Basmati rice exporters mostly have to undergo strict compliance and food safety standards. Every country follows different compliance, such as requirements for pesticide residues, aflatoxin levels, and other contaminants. Meeting these standards can be challenging, and failure to comply can lead to shipment rejections and financial losses. For instance- Indian rice exporters expect to face challenges due to policy risks, and high prices in 2024 (source:https://www.thehindu.com/business/Industry/indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-and-high-prices-in-2024/article67718775.ece) Hence, it’s important to fulfill the expectations of global consumers, and variability in aroma, taste, and appearance.
Basmati rice is known for its taste and aroma, besides this it contains essential nutrients like carbohydrates, protein, and B vitamins. which is a good source of dietary fiber, aiding in digestion and promoting bowel regularity. Basmati rice has a lower fat content compared to other rice varieties, making it a healthier choice for weight management .(source- https://fdc.nal.usda.gov/fdc-app.html#/food-details/586595/nutrients)
Recently, many people are allergic to gluten and rice is the best alternative for gluten-free foods. Rising awareness related to gluten-free food products has become a major contribution to target market growth. Growing demand for organic foods has further facilitated the demand for target market growth. for instance- India exported 4.45 million tonnes (MT) of Basmati Rice with a value of US $ 4331 Million. During 2009-10, the export of Basmati Rice was of the order of 2.17 Million MT. The major destinations for India’s basmati rice exports include Saudi Arabia, the United Arab Emirates, Iran, the European Union, and the United States.
Also, rice utility increased in many sectors like- the food industry, cosmetic industry, and pharma. For example- Broken rice is used in brewing, distilling, and in the manufacture of starch and rice flour.
The COVID-19 outbreak impacted the global market of basmati rice. India the world’s largest basmati rice exporter restricts the export of basmati rice due pandemic. India’s rice export ban is unlikely to lead to a global food crisis, given the extent of the reduction in supply to global markets and the concomitant increase in prices.
COVID-19 pandemic and rising geopolitical tensions, rice prices have increased, threatening the global agricultural sector. This impacted the demand for basmati rice, supply chain disruption, purchasing patterns, and market dynamics. Lockdowns, local restrictions, and the rising fear of COVID-19 have impacted basmati rice demand in the past one and a half months. For instance- Company executives said business at hotels, restaurants, and cafés has fallen, hurting demand for these commodities. Basmati rice sales have dropped by 20% since the beginning of March. Even basmati rice exporters are facing challenges in markets such as Saudi Arabia, India, and Vietnam. Many of the countries that will be worst affected by the ban are already suffering soaring food costs.
(source:https://m.economictimes.com/industry/cons-products/food/local-restrictions-amid-rising-covid-fear-impacts-rice-and-palm-oil-demand/articleshow/82130737.cms)
We have various report editions of Basmati Rice Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
The food and beverage industry is diverse and competitive, with companies employing various strategies to gain a competitive edge. Some of the key players in Basmati Rice market are focusing on key strategies including innovation and product development, brand building and marketing, partnerships and collaborations, global expansion and others. In these chapters, we offer a detailed analysis of key players operating in the market, which includes Basmati Rice sales revenue, company market share, S.W.O.T analysis, key strategies, and other major factors. After conducting a thorough competitor analysis, companies can use the insights gained to refine their strategies, identify new opportunities, and mitigate potential threats.
Top Companies Market Share in Basmati Rice Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to cognitive market research, the Asia-Pacific region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future. Countries like India, China, Indonesia Pakistan, and Bangladesh are the top-most producers of basmati rice in the Asia-Pacific region. India is the world's largest exporter of basmati rice, with production concentrated in the states of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Delhi, Uttarakhand, western Uttar Pradesh and Bihar. There are more than 45 varieties of basmati rice in India bauni basmati, dehraduni basmati, mahi Sugandha, pusa basmati, and others. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries such as Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates, and the United States.
For instance- India's basmati rice exports are expected to decrease in 2024 due to increased competition from Pakistan, which is offering the grain at more competitive prices. In 2023, India's basmati rice exports reached 4.9 million metric tons, just shy of the record high in 2020, leading to record revenue of $5.4 billion. However, Pakistan's increased production and lower prices are impacting India's export prospects. (source:https://m.economictimes.com/news/economy/foreign-trade/indias-basmati-rice-exports-to-fall-as-pakistans-surge/articleshow/108106004.cms)
North America is projected to grow at a CAGR of XX% over the forecasted period. Basmati rice is in high demand in North America due to its aromatic taste and nutritional advantages. Also, the expansion of the food and beverage sector in the United States raises demand for basmati rice.
The current report Scope analyzes Basmati Rice Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030.
According to Cognitive Market Research, the Europe basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030.
According to Cognitive Market Research, the Asia Pacific basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030.
According to Cognitive Market Research, the south america basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030.
According to Cognitive Market Research, the Middle East and Africa basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030.
Global Basmati Rice Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Basmati Rice Industry growth. Basmati Rice market has been segmented with the help of its Type , Applications product, and others. Basmati Rice market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Among all segments, the parboiled segment dominates the basmati rice market because its nutritional value is high and easy to cook. It has major applications in food industries but may have other applications in cosmetics or industrial uses. The market is driven by its unique taste, aroma, and health benefits. Parboiled basmati rice is a healthier version of basmati rice since parboiling alters the rice at its molecular level.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Basmati Rice Industry. Request a Free Sample PDF!
Basmati rice is majorly used in the food industry in comparison with other industries. food service industries that accept basmati rice as their staple food ingredient, which is consumed by people in high demand. Every restaurant or hotel experiences immense demand or requests from their guests to serve them with basmati rice. Such a demand contributes to increased production and sales of basmati rice, leading to the growth of the market.
(source:https://www.indiagatefoods.com/blogs/basmati-rice-market-size-segmentation-top-manufacturers-and-forecast-to-2030/)
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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White basmati rice dominates the market because it is in demand, however, brown basmati rice contains more nutrient value. Because of this, brown rice may help reduce blood sugar levels and aid in managing weight. But white rice is good for people with certain digestive issues and those who can't digest fiber-rich foods well.
Based on the application, the offline distribution channel held the largest share, and the online channel is projected to grow at the fastest rate during the forecast period. In recent years, buyers have engaged in online platforms for buying purposes so online retail stores, apps, and websites are more in trend for the distribution of basmati rice.
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With the help of the above study about the basmati rice market, it can be concluded that the basmati rice market will be glorified in upcoming years due to awareness among the population about healthier plant-based food. From the report, one can understand and interpret the market dynamics, segmentations, trends, opportunities, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | parboiled, raw, steam |
Applications | food & beverages industry, cosmetic industry, household |
product | white basmati rice, brown basmati rice, others. |
Distribution Channel | Traditional Grocery Stores, Convenience Stores, Online Stores, Other |
Conclusion | |
List of Competitors | KRBL Limited (India), Amira Nature Foods (UAE), LT Foods (India), Best Foods (India), Kohinoor Rice (India), Aeroplane Rice (India), Tilda Basmati Rice (Europe), Matco Foods (Pakistan), Amar Singh Chawal Wala (India), Hanuman Rice Mills (India), Adani Wilmar (India), HAS Rice Pakistan (Pakistan), Galaxy Rice Mill (India), Dunar Foods (India), Sungold (Uinted States) |
This chapter will help you gain GLOBAL Market Analysis of Basmati Rice. Further deep in this chapter, you will be able to review Global Basmati Rice Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Applications Analysis 2019 -2031
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Chapter 12 Market Split by product Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 14 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Basmati Rice market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why parboiled have a significant impact on Basmati Rice market? |
What are the key factors affecting the parboiled and raw of Basmati Rice Market? |
What is the CAGR/Growth Rate of food & beverages industry during the forecast period? |
By type, which segment accounted for largest share of the global Basmati Rice Market? |
Which region is expected to dominate the global Basmati Rice Market within the forecast period? |
Segmentation Level Customization |
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