Jasmine Rice Market Report 2024 (Global Edition)

Global Jasmine Rice Market Report 2024 Market Size Split by Product Type (White, Brown, Others), by Application (Supermarkets and Malls, Online Shopping Sites, Retail Stores, Others), by Sales Channel...

Jasmine Rice Market Report Description

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Competitive Landscape of the Jasmine Rice Market

In the Jasmine Rice market, leading companies vie for dominance through strategic moves like technological advancements, product expansion, global distribution, partnerships, acquisitions, and innovation.

Jasmine Rice Industry News

• January 2021: Lundberg Family Farms unveils a fresh brand identity, including a new logo, website, expert team, and a new snack available in stores across the nation.

(Source: www.prnewswire.com/news-releases/lundberg-family-farms-introduces-fresh-look-experts-and-products-for-a-new-generation-301213741.html)

• August 2017: Mars Food has entered a definitive agreement to acquire Preferred Brands International, known for its all-natural, ready-to-heat Indian and Asian food products, primarily under the Tasty Bite® brand.

(Source: www.prnewswire.com/news-releases/mars-food-to-acquire-majority-stake-in-tasty-bite-300503646.html)

Top Companies Market Share in Jasmine Rice Industry: (In no particular order of Rank)

• Three Ladies Rice
• Dragonfly Thai Jasmine Rice
• 817 Elephant Rice
• Iberia Jasmine Rice
• Mahatma Jasmine Rice
• Dynasty Jasmine Rice
• Royal Umbrella
• Lundberg Family Farms
• Happy Belly Jasmine Rice
• USA Rice Federation
• Tasty Bite Organic Rice
• Riceselect Rice Jasmati
• Carolina Jasmine Rice
• Blue Ribbon Jasmine Rice
• Sunlee Jasmine Rice
• Nishiki Medium Grain Rice
• Kokuho Rose Rice
• Botan Calrose Rice
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

The North America Jasmine Rice Market accounts for the largest share of the Global Market

According to Cognitive Market Research, North America takes the lead in the Jasmine Rice market, showcasing its prominence as a hub for diverse culinary preferences and increasing demand for exotic and specialty rice varieties. With a market size that continues to grow, it asserts its dominance in the global market share. North America's affinity for international cuisines has propelled the consumption of Jasmine Rice, making it a staple in many households. The region's Jasmine Rice market is known for its diverse range of product offerings, with an array of options, including different brands and packaging sizes, appealing to a broad consumer base. 

Asia Pacific is experiencing the most rapid expansion in the Jasmine Rice market. With a robust compound annual growth rate (CAGR) of 6.2%, this region is capitalizing on its extensive rice cultivation, particularly in countries like Thailand and Vietnam, renowned for producing premium quality Jasmine Rice. The culinary traditions deeply rooted in Asian cultures, where Jasmine Rice holds a cherished place, are driving the market's rapid growth. The rising popularity of Asian cuisine globally, coupled with the increasing export of Jasmine Rice, positions Asia Pacific as a pivotal player in the expanding global Jasmine Rice market.

The current report Scope analyzes Jasmine 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Jasmine Rice Market

North America Jasmine Rice Market Analysis

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. This dominance is a reflection of the region's growing appetite for diverse and international cuisines, which includes a strong preference for Jasmine Rice. The market size in North America is valued at 20.62 billion USD, highlighting its significance in the global context. The popularity of Jasmine Rice in the region is bolstered by its use in various culinary applications, particularly in Asian and fusion dishes. As consumers seek healthier and more flavorful alternatives, Jasmine Rice continues to be a preferred choice, contributing to the market's substantial size. North America's Jasmine Rice market maintains a steady compound annual growth rate (CAGR) of 4%, signifying its stability and consistent demand. The region is characterized by a diverse consumer base and a strong presence of ethnic communities, all of which have played a pivotal role in the continuous expansion of the Jasmine Rice market. North America's position as a dominant player underscores its influence on the global Jasmine Rice market and its importance in catering to evolving consumer tastes.

Europe Jasmine Rice Market

Europe Jasmine Rice Market Analysis

Europe holds a significant share of approximately 35% in the global Jasmine Rice market, with a projected CAGR of 4.1% over the forecast period, ultimately contributing to a market size of around 20.62 billion USD. The European Jasmine Rice market is primarily characterized by the diverse product types available, including white and brown Jasmine Rice. Among these, brown Jasmine Rice has shown remarkable growth due to the increasing preference for healthier and less processed food options among European consumers. Its higher nutritional value and distinctive nutty flavor make it a top choice for health-conscious individuals in the region. While Europe dominates the market in terms of market share, Asia Pacific is experiencing the most rapid expansion, driven by the rising global demand for Jasmine Rice, particularly from regions with a growing affinity for Asian cuisine.

Asia Pacific Jasmine Rice Market

Asia Pacific Jasmine Rice Market Analysis

According to Cognitive Market Research, Asia Pacific is the fastest growing in the market in 2023 and accounted for a share of more than 20% of the global revenue due to several variables. This growth is attributed to the region's strong historical connection to Jasmine Rice production, with countries like Thailand and Vietnam leading the way in cultivating this fragrant and sought-after rice variety. The region boasts a dynamic rice market, and the increasing demand for Jasmine Rice is fueled by its integral role in Asian cuisine. As the region experiences economic development and globalization, more consumers are exploring and embracing Asian flavors, further driving the demand for Jasmine Rice. Additionally, the expansion of international trade and the availability of Jasmine Rice in various forms, including both traditional and convenience products, contribute to the market's growth. The Jasmine Rice market in Asia Pacific is marked by a compound annual growth rate (CAGR) of 6.3%, indicating the substantial momentum it has gained. With a market size of 0.08 billion USD, the region is positioned as a key player in the global Jasmine Rice market, emphasizing its significance in meeting the evolving culinary preferences of consumers both within and beyond the region.

South America Jasmine Rice Market

South America Jasmine Rice Market Analysis

South America's contribution to the global Jasmine Rice Market stands at approximately 5%, with expectations of a robust 5.2% CAGR during the forecast period. This region is poised to play an increasingly significant role in the market, with a projected market size of about 2.95 billion USD. Jasmine Rice's popularity in South America is driven by its versatility, excellent aroma, and taste. The market experiences significant growth in the segment of brown Jasmine Rice, attributed to the increasing health-conscious consumer base in the region. As consumers seek healthier dietary options, the demand for brown Jasmine Rice has surged. The domination of the white and brown rice segments, coupled with a rapidly expanding consumer base, positions South America as a promising market for Jasmine Rice.

Middle East and Africa Jasmine Rice Market

Middle East and Africa Jasmine Rice Market Analysis

Middle East and Africa play a notable role in the global Jasmine Rice market, contributing approximately 5% of its market share. The region exhibits significant potential for growth, with an expected Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period, ultimately contributing to a market size of around 2.95 billion USD. Jasmine Rice holds a prominent place in Middle Eastern and African cuisines, offering a fragrant and flavorful option in various culinary traditions. Among the segments, white Jasmine Rice is demonstrating notable growth in the Middle East and Africa, favored for its versatility in a range of dishes, from biryanis to pilafs. This segment's expansion is attributed to the rising popularity of diverse international cuisines and increased consumer exposure to various recipes through globalization. In the Middle East and Africa, supermarkets and malls serve as the dominant distribution channel, providing consumers with convenient access to Jasmine Rice. However, online shopping sites are the fastest-growing channel in the region, responding to the increasing preference for digital purchasing. The Middle East and Africa offer a unique blend of tradition and modernity in their Jasmine Rice consumption, contributing to the region's significance in the global market.

Jasmine Rice Market Analysis

Jasmine Rice Product Type Segment Analysis

According to Cognitive Market Research, White Jasmine Rice stands as the dominant category, capturing the largest market share due to its widespread popularity among consumers. Known for its fragrant aroma and soft, fluffy texture, white Jasmine Rice has long been a staple in many households and restaurants. 

The fastest-growing category in this market is Brown Jasmine Rice. This segment has witnessed substantial growth, primarily attributed to the increasing consumer preference for healthier and less processed food options. Brown Jasmine Rice is lauded for its higher nutritional value and distinctive nutty flavor, making it a top choice for health-conscious individuals seeking a more wholesome rice option. This shift towards a healthier lifestyle has boosted the demand for brown Jasmine Rice, driving its remarkable growth in the market.

• White
• Brown
• Others

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 Jasmine Rice Industry. Request a Free Sample PDF!

Jasmine Rice Application Segment Analysis

Supermarkets and Malls continue to maintain their dominance as a preferred shopping destination. They offer a one-stop solution for consumers, allowing them to not only purchase Jasmine Rice but also explore various other grocery and household items conveniently. The physical presence of these stores and their established reputation makes them a trusted choice for many. 

Online Shopping Sites are experiencing remarkable growth. The convenience of ordering from the comfort of one's home, coupled with the wide range of Jasmine Rice varieties available, is luring consumers toward e-commerce platforms. As digitalization transforms consumer behavior, this category is swiftly gaining prominence in the Jasmine Rice market, providing an alternative and efficient way to meet consumers' rice needs.

• Supermarkets and Malls
• Online Shopping Sites
• Retail Stores
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Jasmine Rice Sales Channel Segment Analysis

According to Cognitive Market Research, the dominant category is Distributor, signifying that a significant portion of consumers prefer acquiring Jasmine Rice through intermediaries. These distributors play a crucial role in the supply chain, distributing the product to various retail outlets and end consumers. 

The fastest-growing category is direct sales. This segment is on the rise as consumers increasingly seek direct interaction with producers or retailers. Factors such as a desire for convenience, product quality assurance, or a more personal connection with suppliers likely contribute to the growth of this category. It's essential to note that market dynamics can change over time, so recent data is crucial for a more accurate assessment.

• Direct Sales
• Distributor

Jasmine Rice Consumer Segment Analysis

The Household segment stands as the dominant category, reflecting the significant preference for jasmine rice among consumers for personal use at home. Its widespread appeal for everyday cooking contributes to its prominence in the market. 

The Commercial segment is the fastest-growing category, showcasing a notable trend in the use of jasmine rice by restaurants, catering services, and food-related businesses. This surge can be attributed to the increasing popularity of Thai and other Asian cuisines in commercial food preparation and dining establishments. The demand for jasmine rice as an essential ingredient in restaurant and catering services drives the rapid growth of this category in the market.

• Household
• Commercial

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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