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.

The Rice Market is a important component of global agriculture and food trade One of the most important agricultural commodities, rice is a staple diet for over half of the world’s population. The goal of this blog is to present a thorough overview of the rice market, including its background, current production levels around the world, ingesting patterns, major players, obstacles, and opportunities.

History of Rice Cultivation

Rice has been grown for thousands of years. It began in China and increasingly extended to other regions of Asia, Africa, and the Americas. According to historical accounts, the Yangtze River Valley is where rice was first trained some 9,000 years ago. Since then, its production and use have grown to be essential to numerous economies and peoples around the globe.

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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.

Global Production

Asia produces the majority of the world’s rice, with China and India being the two biggest makers. Vietnam, Thailand, Myanmar, Bangladesh, Indonesia, and Vietnam are some of the other major producers. The Food and Agriculture Organization (FAO) estimates that 500 million metric tons of rice were produced worldwide in recent years.

Major Rice-Producing Countries

· China: Leading the world in rice production, China produces over 200 million tons annually. The primary rice-growing regions are the Yangtze River Valley, the Pearl River Delta, and the northeastern provinces

· India: India is the second-largest producer, with over 150 million tons produced annually. Major rice-growing states include West Bengal, Uttar Pradesh, and Punjab.

· Indonesia: With its favorable climate, Indonesia produces around 70 million tons of rice per year.

· Bangladesh: Contributing approximately 50 million tons annually, rice is a staple in the Bangladeshi diet.

· Vietnam and Thailand: Both countries produce around 40 million tons each, with significant portions exported globally

Leading players involved in the Rice Market include:

American Rice Inc (US),RiceTec AG (US),Mahatma Rice (US),Riceland Foods (US),Louis Dreyfus Company (Netherlands),Tilda Ltd. (UK),Rice Partners Ltd. (Germany),Ebro Foods (Spain),SunRice (Australia),Amira Nature Foods Ltd (United Arab Emirates),Bush Foods Overseas Pvt. Ltd. (India),Kohinoor Foods Ltd. (India),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.

The latest report on the Rice Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Rice industry, incorporating all key 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 research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.

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Segmentation of 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 Regions: -

• North America (US, 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)

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Key Benefits of Rice Market Research:

• Research Report covers the Industry drivers, restraints, opportunities and challenges
• Competitive landscape & strategies of leading key players
• Potential & niche segments and regional analysis exhibiting promising growth covered in the study
• Recent industry trends and market developments
• Research provides historical, current, and projected market size & share, in terms of value
• Market intelligence to enable effective decision making
• Growth opportunities and trend analysis
• Covid-19 Impact analysis and analysis to Rice market

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