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The Australia rice market size is projected to grow at a CAGR 5.11% between 2025 and 2034.
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Explore the expected rise in rice consumption in Australia over the next decade, with market volume projected to reach 661K tons by 2035. Anticipated CAGR of +1.0% and market value forecasted to hit $712M by the end of 2035.
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Water availability and market demand have been key determinants of the Rice Growing industry’s performance. Water availability in the Riverina region of southern New South Wales, where over 90% of rice is grown, generally determines the quality of annual harvests and industry revenue. However, even when water availability levels can accommodate for productive rice growth, poor market conditions may discourage farmers from cultivating rice plots. If there are strong harvests in countries like Thailand that have a competitive advantage in rice production, Australian rice mills will opt to import and repackage milled rice and reduce their exports. In the face of these conditions, rice farmers tend to cultivate other crops to maintain profitability. A combination of suitable water levels in the Murray-Darling Basin and favourable market demand conditions have underpinned an anticipated 3.4% increase in industry revenue in 2025-26 to an estimated $207.5 million. Despite an annualised decline of 0.7% over the past five years, this revenue slide is from a high base year when demand spiked during the pandemic. Besides water availability, the end of the New South Wales rice vesting agreement presents another source of growth for the industry. The removal of restrictions to rice marketing activities on 1 July 2025 presents a significant opportunity for rice mills to explore burgeoning export markets in the Middle East and East Asia, thereby increasing demand for rice production. Adoption of new technology in rice farming is set to increase yield and boost profitability through production efficiency improvements. Collaborative research and development efforts by AgriFutures Australia and Rice Research Australia have focused on new innovations like drought resistant strains, as well as land management techniques that incorporate geographical information systems. The development of new rice varieties and technologies, coupled with research into the commercialisation of existing native varieties suited to the northern Queensland and Northern Territory climate, may help fuel industry expansion, offsetting revenue declines from periodic low water availability and weaker market demand. Assuming water availability remains relatively stable over the coming years, Rice Growing industry revenue is projected to remain robust and grow to $221.3 million by 2030-31, reflecting annualised growth of 1.3%.
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Learn about the rising demand for rice in Australia and the projected increase in market volume and value over the next decade.
In 2023, Australia exported more than *** million U.S. dollars' worth of rice products worldwide, in which the total export value of semi-milled and wholly-milled rice accounted for almost *** million U.S. dollars. Other significantly smaller segments of the Australian rice export market included husked rice, broken rice, and rice in the husk.
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Employment statistics on the Rice Growing industry in Australia
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Learn about the rising demand for rice in Australia and the projected growth of the market over the next decade. By 2035, the market volume is expected to reach 661K tons and the market value to increase to $712M.
In 2023, just over ** percent of rice imported into Australia came from India. Thailand and Vietnam followed at respectively ** percent and ** percent of the Australian rice import market. In general, the overwhelming majority of imported wheat in Australia originated from Asian countries.
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The Australia rice seed market size is projected to grow at a CAGR of 1.95% between 2025 and 2034.
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5982 Global import shipment records of Basmati Rice with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.
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Learn about the expected growth in the milled rice market in Australia over the next decade, driven by rising demand. By 2035, the market volume is projected to reach 661K tons, with a value of $710M in nominal prices.
In 2020, Australian rice exported to Israel accounted for approximately **** percent of Australia's total rice export market, which was valued at **** million U.S. dollars. Other prominent countries of destination included New Zealand and Jordan.
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Global Low GI Rice market size 2025 was XX Million. Low GI Rice Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 29.25(USD Billion) |
MARKET SIZE 2024 | 29.84(USD Billion) |
MARKET SIZE 2032 | 35.0(USD Billion) |
SEGMENTS COVERED | Rice Type ,Cultivation Method ,Usage ,Quality ,Packaging ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising Health Consciousness Growing Population Urbanization Changing Dietary Patterns Increasing Disposable Income |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Olam International. ,Mitsubishi Corporation. ,Wilmar International. ,Cargill. ,COFCO Corporation. ,Louis Dreyfus Company. ,Bunge. ,SUMITOMO CORPORATION. ,Marubeni Corporation. ,Itochu Corporation. ,Thai Rice Exporters Association. ,SunRice. ,KRBL. ,Amira Nature Foods. ,LT Foods. |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Expanding demand in emerging economies Growing health consciousness among consumers Demand for organic and specialty varieties Emerging markets in AsiaPacific and Latin America Increasing use in processed foods and beverages |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.02% (2024 - 2032) |
Comprehensive dataset of 14 Rice wholesalers in Australia as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
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Learn about the projected growth of the milled rice market in Australia over the next decade, driven by increasing demand and anticipated market volume and value by 2035.
Comprehensive dataset of 23 Rice shops in Australia as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
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Access Asia Pacific Jasmine Rice Industry Overview which includes Asia Pacific country analysis of (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC), market split by Product Type, Application, Sales Channel, Consumer
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The Basmati Rice Market size was valued at USD 13.5 Billion in 2024 and is projected to reach USD 26.89 Billion by 2032, growing at a CAGR of 9% from 2026 to 2032.Growing Consumer Preference for Aromatic Rice: The rising global demand for premium aromatic rice varieties, particularly in non-traditional markets such as Europe, North America and Australia, is being recognized as a major driver of basmati rice consumption.Rising Health Consciousness: Increased awareness regarding the nutritional advantages of basmati rice, including its lower glycemic index and healthier carbohydrate profile compared to standard rice, is being observed to fuel demand among health-focused consumers.
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Discover the latest forecast for the paddy rice market in Australia, with a projected increase in both volume and value over the next decade.
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The Australia rice market size is projected to grow at a CAGR 5.11% between 2025 and 2034.