Global Basmati Rice Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Basmati Rice Market 2021 (Includes Business Impact of COVID-19)
Global basmati rice market is expected to be valued at US X Mn in 2020 and register CAGR of X % by end of 2028. The global basmati rice market by operating environment report has been segmented on the basis of product type, application, and region.
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The global Basmati Rice market size was valued at USD$ 14.37 billion in 2020 and is projected to reach UDS$40.81 billion by 2030, and is anticipated to expand at a CAGR of 11.00% over the forecast period from 2020 to 2030.


Basmati Rice: Product Overview


The widely used basmati rice is nutritious, low-calorie, fibrous food which contains vitamins, proteins, minerals, and has an aromatic flavor. There are two types of basmati rice commonly available and used, such as white basmati rice and brown basmati rice. This rice can either be used raw, parboiled, steamed, etc. Basmati rice contains the eight necessary indispensable amino acids, folic acid, low sodium with no cholesterol, which is essential for human body and is considered good for individuals with heart-related issues and diabetes.


Global Basmati Rice Market
 

Dynamics:

Increasing population and rising demand for healthy food products, coupled with high amount of cultivation of Basmati rice, especially in India, Bangladesh, Vietnam, Pakistan, and other countries in Asia Pacific region is a major factor expected to drive growth of the global basmati rice market. In addition, rice is one of the staple food consumed by individuals across the world, especially Asian countries, which is also another factor expected to continue to support growth of the global basmati rice market in the years to come.

Moreover, basmati rice is helpful for weight loss as it contains low carbohydrate, improves vitamins B deficiency, increases magnesium, and help to build healthy bone, which in turn is anticipated to drive growth of the global basmati rice market. Furthermore, basmati rice helps in improving deficiency of iron, and consumption of basmati brown rice which contains high fiber content are other major factors expected to boost growth of the global basmati rice market.

Basmati rice is also being used for production of personal care products and cosmetics which is expected to support market growth to a significant extent.

Increasing preference for online shopping, along with rising focus of manufacturers to make their products visible on E-commerce and M-commerce platforms is expected to further support market growth.

Analysis by Segment 

By Product Type:

Among the product type segments, the raw segment is expected to account for considerable share in terms of revenue in the global basmati rice market.

By Species:

Among the two basmati rice species segments, the white rice segment is expected to dominate in the target market in terms of value and consumption. The brown rice segment is projected to register considerable growth rate owing to rising preference towards healthy options by consumers in various developed as well as developing countries across the globe.

By Application:

Among the application segments, the food segment accounted for major revenue share in 2018 and is expected to continue to dominate in the global market over the next 10 years.

By End-use:

Among the two end-use segments, the commercial segment is projected to register considerable growth rate in terms of value and consumption over the next 10-year period, owing to increasing adoption of basmati rice by restaurants, food processing industries, bakery sector, personal care products industry, among others.

Regional Analysis:

The market in the Asia Pacific is expected to account for significant share in terms of revenue in the global basmati rice market, owing to growing demand for raw basmati rice by consumers in most of the countries as it is staple food and growing spending capacity of population on superior quality food products. In addition, rising trend of consumption of food of higher nutritional value such as brown basmati rice specifically by individuals focusing on losing weight is expected to further support growth of the Asia Pacific market. The market in North America is expected to witness lucrative growth in the target market in terms of revenue share, owing to high demand for rice and rice-based products in countries in the region. The Europe market is expected to account for significant revenue share in the target market owing to ever-increasing demand for bakery products and rice as an ingredient for flavor and fragrance.

Global Basmati Rice Market Segmentation:

Global Market Segmentation, by Product Type:

  
Raw
  
Steamed
  
Parboiled

Global Market Segmentation, by Species:

  
Brown rice
  
White

Global Market Segmentation, by Application:

  
Food
  
Cosmetics and personal care

Global Market Segmentation, by End-use:

  
Commercial
  
Residential


Key Market Players included in the report:


  
Adani Wilmar Limited
  
Aeroplane Rice
  
Amar Singh Chawal Wala
  
Amira Nature Foods Ltd.
  
Best Foods
  
Dunar Foods Ltd.
  
East End Foods
  
Estraco Kft
  
Galaxy Rice Mill
  
Hanuman Rice Mills
  
HAS Rice Pakistan
  
Incorporated
  
Kohinoor Foods Ltd.
  
KRBL Limited
  
LT Foods Limited
  
Mars Incorporated
  
Matco Foods
  
McCormick & Company
  
REI AGRO Limited
  
Sulson Overseas Pvt. Ltd.
  
Supple Tek industries Pvt ltd.
  
The Hain Celestial Group Inc.
  
The Rice n Spice Intl Ltd.
  
Tilda Basmati Rice