The latest report by IMARC Group, titled “Rice Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global rice market price report. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global rice market size reached US$ 294.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 345.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.

Rice, botanically known as Oryza sativa or Oryza glaberrima, is a versatile and essential cereal grain that is a staple food for various countries, cultures, and people worldwide. It is rich in vital minerals, carbohydrates, nutrients, and energy. As a result, it is widely utilized in a wide range of culinary applications in various cuisines and dietary preferences. Rice is available in a diverse range of varieties, such as long-grain or short-grain, each with its unique characteristics.

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Rice Market Trends:

The global rice market is experiencing significant growth, driven by the rising population and changing dietary patterns, especially among consumers who rely on convenient and versatile rice-based products. Moreover, the escalating health consciousness among individuals and the expanding awareness of the health benefits associated with rice consumption due to its low fat and cholesterol content is propelling the market growth. Besides this, the gluten-free nature of rice also caters to the dietary requirements of individuals with gluten sensitivities or celiac disease, further expanding its consumer base.

In addition to this, the escalating popularity of Asian cuisines, such as Chinese, Indian, Japanese, and Thai, is contributing to the market's growth as these cuisines have rice as a core ingredient in their traditional recipes. Furthermore, ongoing technological advancements and improved agricultural practices have enhanced rice production efficiency, leading to increased yields, reduced production costs, and expanding global rice trade. This has positively impacted the market growth.

Competitive Landscape:

By IMARC Group, the Top Global Rice Companies in the World 2023:

Anheuser-Busch Companies LLC (AB InBev)
Bunge Limited
California Family Foods
Cargill Incorporated
Farmers' Rice Cooperative
ITC Limited
KRBL Limited
Louis Dreyfus Company B.V.
LT Foods Ltd.
Riceland Foods Inc.
Riviana Foods Inc. (Ebro Foods S.A.)
Tamaki Rice Corporation

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/rice-market

Key Market Segmentation:

Breakup by Product Type:

Regular
Aromatic

Breakup by Type:

Red Rice
Arborio Rice
Black Rice
Grain Fragrance Rice
Brown Rice
Rosematta Rice
Grain Parboiled Rice
Sushi Rice
Others

Breakup by Grain Size:

Long Grain
Medium Grain
Short Grain

Breakup by Distribution Channel:

Offline Stores
Online Stores

Breakup by Application:

Food
Feed
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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Rice Market Trends, Size, Analysis 2023-2028