Rice fell to 12.28 USD/cwt on August 1, 2025, down 0.04% from the previous day. Over the past month, Rice's price has fallen 2.70%, and is down 17.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rice - values, historical data, forecasts and news - updated on August of 2025.

The global basmati rice market, valued at USD 6.34 Billion in 2024, has experienced significant growth, driven by diverse market segments such as organic, fortified, and ready-to-cook rice products, addressing varied consumer demands. The market is projected to grow at a compound annual growth rate (CAGR) of 2.00% from 2025 to 2034, potentially reaching USD 7.73 Billion by 2034. This growth is further supported by the growing perception of Basmati rice as a healthier alternative to regular rice, typically offering a lower glycemic index, which is beneficial for diabetics and health-conscious individuals.

Europe Basmati Rice Market size was valued at around USD 589.2 million in 2023 & is expected to reach USD 817.4 million in 2030. The market is estimated to grow at a CAGR of around 4.79% during the forecast period 2024-30.

The global packaged basmati rice market is experiencing robust growth, driven by increasing consumer demand for convenience foods and the rising popularity of ethnic cuisines worldwide. The market, estimated at $5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% between 2025 and 2033, reaching an estimated value of approximately $9 billion by 2033. This growth is fueled by several key factors, including the expanding middle class in developing economies, particularly in Asia, where basmati rice is a staple food. Furthermore, the increasing availability of packaged basmati rice in diverse formats, such as dry and parboiled varieties, caters to various consumer preferences and cooking styles. Supermarkets and convenience stores are the primary distribution channels, although online sales are steadily increasing, contributing significantly to market expansion. However, fluctuating rice prices due to climatic changes and supply chain disruptions pose a significant challenge to market growth. The competitive landscape is relatively concentrated, with major players like Adani Wilmar, KRBL, and LT Foods vying for market share through brand building, product innovation, and strategic acquisitions. Regional variations in market growth are evident. Asia-Pacific, especially India, will remain the dominant region due to high domestic consumption and exports. North America and Europe, while exhibiting slower growth rates, represent lucrative markets due to the increasing demand for premium and specialty food products. The segment of parboiled basmati rice is anticipated to witness comparatively faster growth due to its longer shelf life and enhanced convenience, appealing to busy consumers. Future growth will depend on innovative packaging solutions to ensure product freshness and quality, strategic partnerships within the supply chain to mitigate price volatility, and successful penetration of new markets through targeted marketing campaigns highlighting the nutritional benefits and culinary versatility of basmati rice. Maintaining a balance between affordability and premium product offerings will also be crucial for sustained market success.

The global basmati rice market is experiencing robust growth, driven by increasing consumer demand for premium rice varieties and the rising popularity of healthier food options. The market's expansion is fueled by several key factors. Firstly, the growing middle class in developing economies, particularly in Asia and the Middle East, is increasing disposable income and demand for high-quality food products like basmati rice. Secondly, the health benefits associated with basmati rice, including its low glycemic index and nutritional value, are driving consumer preference. Thirdly, the rising popularity of Indian and Asian cuisines globally is increasing the demand for basmati rice in international markets. The market is segmented by application (direct edible and deep processing) and type (Indian Basmati Rice, Pakistani Basmati Rice, Kenyan Basmati Rice, and Others). While Indian and Pakistani basmati rice dominate the market, Kenyan and other varieties are gaining traction, driven by local production and increased export capabilities. However, challenges remain, including fluctuating rice prices due to weather patterns and geopolitical instability impacting production and trade. Furthermore, competition from other rice varieties and the potential for trade restrictions could hinder market growth. Despite these restraints, the market is projected to maintain a healthy Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033), indicating a promising future for basmati rice producers and stakeholders. The leading players in the basmati rice market, including KRBL, Amira Nature Foods, LT Foods, and others, are focusing on expanding their global reach, improving production efficiency, and developing innovative products to cater to evolving consumer preferences. Strategies like strategic partnerships, brand building, and investments in research and development play a crucial role in achieving competitive advantage. Geographic expansion into new markets, particularly in regions with growing demand for premium rice, is also a key focus. Regional market shares are expected to vary significantly, with Asia Pacific and the Middle East & Africa likely maintaining a substantial share due to strong domestic consumption and significant export demand. North America and Europe are also experiencing growth, fueled by increasing demand from diverse ethnic communities and the growing adoption of basmati rice in mainstream culinary practices. The market’s future trajectory will depend on various factors, including climate change resilience in agricultural production, evolving consumer preferences, trade policies, and the ability of key players to navigate global economic uncertainty.

The size of the Rice Market was valued at USD 292.39 billion in 2023 and is projected to reach USD 340.50 billion by 2032, with an expected CAGR of 2.2 % during the forecast period. The global trade and distribution of rice, one of the most widely consumed staple foods worldwide, the rice market includes countries such as China, India, Indonesia, and Bangladesh. Rice market global climate and agricultural policies go into producing it, and more varieties including basmati, jasmine, and long-grain rice cater to the different tastes and preferences. Rice is traded domestically and internationally; its prices go up and down with supply chain disruptions, crop yields, government tariffs, or changes in consumer dietary habits or increasing demand for organic or specialty rice varieties. Exporters/importers play significant roles in facilitating the movement of rice to any market around the world, whereas local retailers/distributors have the responsibility to distribute it directly to consumers. The rice market continues to undergo change with trends for sustainable farming as well as advancements in processing and packaging. Recent developments include: In April 2022, LT Foods launched ready-to-make Daawat Biryani Kits in three regional variants including Hyderabad, Kolkata and Lucknow to redefine authentic and fresh biryani cooking experience at home. , In May 2022, Adani Wilmar announced the acquisition of Kohinoor Foods Ltd. to strengthen their leadership in the Basmati rice and FMCG segment. This will further expand their business strategy portfolio in the higher-margin branded staple product segment. , In November 2022, LT foods announced a strategic partnership with Saudi Agricultural and Livestock Investment Company (SALIC). LT Foods and SALIC entered into a strategic Supply & Cooperation agreement that will accelerate LT Foods’ organic and inorganic expansion plans and export specialty basmati rice to the Middle East and Saudi Arabia region. .

Basmati Rice Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2025-2032

The global organic rice market, valued at $2251.3 million in 2025, is projected to experience robust growth, driven by increasing consumer awareness of health benefits and a rising preference for sustainable and ethically sourced food products. The market's Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033 indicates significant expansion potential. Key drivers include the growing demand for gluten-free options, increasing disposable incomes in developing economies fueling premium food purchases, and a heightened focus on environmentally friendly agricultural practices. This trend is further bolstered by the increasing availability of organic rice products in both conventional and online retail channels. While challenges such as higher production costs and potential supply chain vulnerabilities exist, the market's long-term outlook remains positive, particularly considering the escalating consumer demand for organic and healthy food alternatives. The competitive landscape is comprised of a mix of established global players and regional brands, suggesting a dynamic market where innovation and brand recognition play crucial roles. We estimate that this market will surpass $3500 million by 2028 and potentially reach $4500 million by 2033, based on a conservative estimation of the CAGR and its potential fluctuation due to economic and environmental factors. The segmentation of the organic rice market is likely diverse, encompassing various types (brown, white, basmati, etc.), packaging formats, and distribution channels. Geographical variations in consumption patterns and market maturity will also contribute to the market's overall complexity. Further research into specific segments and regional data is needed to provide precise estimations; however, based on global trends, regions with high health consciousness and strong organic food markets (such as North America and Europe) are likely to exhibit faster growth than others. The companies listed represent significant players, with their success predicated on maintaining quality, sustainability initiatives, and efficient supply chains. Future growth hinges on leveraging innovative technologies, expanding distribution networks, and adapting to evolving consumer preferences for convenience and value.