The Rice Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Rice Market Outlook

As of 2023, the global rice market size is valued at approximately USD 290 billion and is projected to reach around USD 380 billion by 2032, growing at a compound annual growth rate (CAGR) of 2.8%. The growth in the rice market is primarily driven by rising population and increasing demand from emerging economies, coupled with advancements in agricultural techniques and government initiatives to ensure food security.

The burgeoning global population is a crucial growth factor for the rice market. As the world population continues to expand, the demand for staple foods like rice intensifies, particularly in densely populated regions such as Asia. Rice is a primary food source for over half of the world's population, making it a critical agricultural commodity. Additionally, economic growth in emerging markets has led to increased disposable income, which in turn increases the consumption of rice in both urban and rural areas. These factors collectively drive the upward trajectory of the rice market.

Technological advancements in agriculture also contribute significantly to the growth of the rice market. Innovations such as high-yielding rice varieties, improved irrigation techniques, and pest-resistant crops have increased rice production efficiency and output. Furthermore, precision farming and the use of drones for monitoring crop health are modernizing rice cultivation, leading to higher productivity and lower production costs. These advancements not only contribute to meeting the rising demand but also ensure sustainable farming practices that are crucial for long-term market growth.

Government initiatives aimed at ensuring food security and supporting agricultural sectors are pivotal in the expansion of the rice market. Many countries have implemented policies that encourage rice cultivation through subsidies, research funding, and infrastructure development. For instance, major rice-producing nations like India and China have established comprehensive agricultural support programs to boost rice production. These initiatives not only stabilize the market but also make rice more accessible and affordable, further stimulating demand.

Rice Crackers have emerged as a popular snack option, particularly in health-conscious markets. These snacks, made primarily from rice, are known for being gluten-free and low in calories, making them an attractive choice for consumers seeking healthier alternatives to traditional snacks. The rise in demand for rice crackers is driven by the increasing awareness of dietary needs and the growing trend of snacking on-the-go. Manufacturers are innovating with flavors and packaging to cater to diverse consumer preferences, further boosting the market for rice-based snacks. As a result, rice crackers are becoming a staple in snack aisles worldwide, contributing to the overall growth of the rice market.

The regional outlook for the rice market shows significant variances across different geographies. Asia Pacific, being the largest consumer and producer of rice, dominates the market with substantial contributions from countries like China, India, and Indonesia. North America and Europe, although smaller in terms of production, represent significant markets for specialty rice varieties and imported rice. Latin America and the Middle East & Africa are experiencing gradual growth due to increasing domestic production and rising consumption. Each region presents unique growth opportunities and challenges, shaping the overall dynamics of the global rice market.

Type Analysis

White rice is the most commonly consumed type of rice globally, dominating the market due to its widespread availability and consumer preference. White rice undergoes polishing and milling processes, which remove the bran and germ layers, resulting in a longer shelf life and more palatable product. Despite losing some nutrients during processing, white rice remains popular due to its versatility in culinary applications and ease of cooking. It is a staple in many cultures, forming the basis of numerous traditional dishes, particularly in Asia and Latin America.

Brown rice, on the other hand, is gaining traction due to its perceived health benefits. Unlike white rice, brown rice retains its bran and germ layers, making it a whole grain with higher fiber content, vitamins, and minerals. The growing awareness of the health benefits associated with whole grains has led to an increase in the consu

The global rice market size reached USD 309.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 380.4 Billion by 2033, exhibiting a growth rate (CAGR) of 2.19% during 2025-2033. The market is experiencing stable growth driven by population growth and shifting dietary preferences, increasing globalization and the presence of international trade agreements, government initiatives and agricultural policies, and the escalating demand for rice-based convenience food products.

Global Rice market size is expected to reach $56.32 billion by 2029 at 8.9%, the role of a thriving food and restaurant sector in fueling the rice market growth

According to Cognitive Market Research, the global basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030. • Detailed market segmentation analysis at a various level such as type, application, distribution, and region. • Detailed analysis of the factors that drive and restrain the basmati rice market. • Current dominating region analysis and forecasted region analysis. • Asia-Pacific region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future. • Overview of current market trends and opportunities in the basmati rice market. • The parboiled rice type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years with a market size of USD XX billion in 2024.

Market Dynamics of Basmati Rice Market

Key Drivers for Basmati Rice Market

Population growth and rising demand a major driving factors for the basmati rice market

Increasing population will increase the consumption of rice, China is one of the leading countries in rice consumption because their population is high so the demand for rice is also high. The growing population will demand more food with great variety. highest rice-producing country. Also, China accounts for being the largest consumer of rice. It accounts for around 30% consumption of globally produced rice. Also, with increasing popularity of basmati rice and its health benefits among the young population boosts the market for basmati rice. Basmati rice is a good source of essential nutrients like carbohydrates, protein, and B vitamins. Basmati rice has a lower fat content compared to other rice varieties, making it a healthier choice for weight management, its aromatic flavor makes basmati rice unique from other rice varieties. For instance- Horeca is referred to as the hotel and food service industries that accept basmati rice as their staple food ingredient, which is consumed by people in high demand. Every restaurant or hotel experiences immense demand or requests from their guests to serve them with basmati rice. Such a demand contributes to increased production and sales of basmati rice, leading to the growth of the market. Hence, the increasing population reflects the consumption rate of basmati rice global market.

Modern trade and the rise of E-commerce drive the market of basmati rice

Modern trade of basmati rice is executed when various countries are importing rice from India and Pakistan. India is the biggest exporter of basmati rice, and the rise of demand in the world for Indian basmati has helped the market grow to substantial heights and generate great revenues in the prior forecast periods. e-commerce, the trend for ordering foods and groceries online has immensely increased. Moreover, there is an increase in the count of on-demand grocery apps, which is helping people order their pack of basmati rice and other goods from the comfort of their homes. This is what contributes immensely to the growth of the basmati rice market in the present forecast period. Because of their busy lifestyle people shifted from traditional store shopping to modern shopping for their convenience.

Key Restraints for Basmati Rice Market

Climatic conditions and supply chain disruption lead to many challenges for the Basmati rice market 

The delightful aroma and alluring taste of basmati rice have conquered the taste buds and hearts of millions of food enthusiasts worldwide. But climatic changes like drought, and unpredictable weather patterns, affect the quality of basmati rice. Basmati rice is revered for its aromatic taste, texture, and quality. Rice cultivation needs an average of 100 to 200 CM rainfall. It is a highly water-consuming crop. Most of the time because of poor irrigation systems and delayed monsoon a large amount of underground water is used for Rice cultivation. Deep tube wells are used for drawing underground water. These deep tube wells need high electricity consumption. A great amount of water resources is wasted in this way. Also, disruptions in the supply chain hinder the import and export market of basmati rice like...

Rice Market Outlook

According to our latest research, the global rice market size reached USD 312.5 billion in 2024, with a robust growth trajectory supported by a compound annual growth rate (CAGR) of 3.4% during the forecast period. The market is expected to expand further, reaching USD 418.6 billion by 2033. The primary growth driver for the rice market is the rising global population, especially in Asia and Africa, which is intensifying the demand for staple foods such as rice. Additionally, evolving dietary preferences and the increasing consumption of specialty rice varieties are fueling market expansion.

One of the most significant growth factors in the rice market is the escalating demand for rice as a staple food, particularly in rapidly urbanizing regions. As urban populations grow, there is an increased reliance on packaged and processed rice products, which offer convenience and longer shelf life. This shift is also driven by rising disposable incomes, allowing consumers to diversify their rice consumption beyond traditional varieties to include premium and fortified rice. Furthermore, government initiatives in countries like India, China, and Indonesia to ensure food security and subsidize rice production have further bolstered the market. These policies not only stabilize prices but also encourage farmers to adopt advanced cultivation techniques, leading to higher yields and better quality grains.

Technological advancements in rice cultivation and processing are also contributing to the market’s growth. The adoption of high-yielding and pest-resistant rice varieties, along with improved irrigation and mechanization, has significantly increased productivity. This has enabled producers to meet the rising demand both domestically and internationally. Additionally, the global rice trade is expanding, with major exporters such as Thailand, Vietnam, and India playing a pivotal role in meeting the needs of rice-importing nations. The increasing popularity of organic and specialty rice, such as basmati and jasmine, has opened new avenues for market players, allowing them to tap into niche segments with higher profit margins.

Health and wellness trends are also shaping the rice market, as consumers become more aware of the nutritional benefits of different rice varieties. Brown, red, and black rice are gaining traction due to their higher fiber and antioxidant content compared to white rice. This shift is particularly evident in developed regions, where consumers are willing to pay a premium for healthier options. Moreover, the use of rice in non-food applications, such as cosmetics and personal care products, is expanding the market’s reach. Companies are leveraging rice bran oil and rice-derived ingredients for their moisturizing and antioxidant properties, further diversifying the demand base and supporting long-term market growth.

Regionally, Asia Pacific continues to dominate the global rice market, accounting for the largest share in both production and consumption. However, North America and Europe are witnessing steady growth, driven by the rising popularity of ethnic cuisines and the increasing adoption of healthier rice varieties. Africa and Latin America are emerging as high-potential markets, with investments in infrastructure and agricultural modernization paving the way for increased production and consumption. As the rice market evolves, stakeholders across the value chain are focusing on sustainability, traceability, and innovation to stay competitive and meet the changing needs of consumers worldwide.

Product Type Analysis

The rice market is segmented by product type into long grain rice, medium grain rice, short grain rice, and others. Long grain rice, including varieties like basmati and jasmine, holds the largest market share due to its widespread consumption in Asia, the Middle East, and parts of Africa. Its fluffy texture and distinct aroma make it a preferred choice for a variety of dishes, from pilafs to biryanis. The growing po

The Global Rice Market Size Was Worth USD 398.26 Billion in 2023 and Is Expected To Reach USD 554.82 Billion by 2032, CAGR of 3.40%.

Rice fell to 11.58 USD/cwt on September 8, 2025, down 0.30% from the previous day. Over the past month, Rice's price has fallen 10.72%, and is down 22.37% 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 September 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.

Global Rice market size 2021 was recorded $389.23 Billion whereas by the end of 2025 it will reach $452.2 Billion. According to the author, by 2033 Rice market size will become $610.35. Rice market will be growing at a CAGR of 3.82% during 2025 to 2033.

In 2024, the global rice market increased by 3.6% to $513.3B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is expected to retain growth in years to come.

The global rice market is one of the most important commodity markets in the world, contributing to food security for billions of people. Learn about the factors influencing production, trade, and price volatility in this complex market.

Rice Market is projected to reach USD 390.74 billion by 2033, growing at a CAGR of 2.56% from 2025-2033.

According to Cognitive Market Research, The Global Jasmine Rice market size is USD 58.9 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2030.

Rising health awareness is making jasmine rice a popular, healthier choice, driving market growth.
Reduced trade barriers and globalization have expanded the Jasmine Rice Market by increasing access to international consumers, driving higher production and exports.
Brown Jasmine Rice is the fastest-growing segment in the market due to increasing consumer preference for healthier food choices.
North America will continue to lead, whereas the Asia Pacific Jasmine Rice market will experience the strongest growth until 2030.

Health Awareness Boosting Jasmine Rice's Popularity to Drive Market Growth

The increasing health awareness among consumers has instigated a significant transformation in dietary preferences. As individuals seek healthier food choices, jasmine rice has emerged as a prime beneficiary of this trend. This aromatic rice variety, renowned for its delightful fragrance and robust nutritional profile, is garnering widespread acclaim as a more health-conscious alternative compared to other rice varieties. Consumers increasingly view jasmine rice as a nutritious and flavorful option, creating a surge in demand. This newfound popularity, driven by the health-conscious shift in consumer choices, is a pivotal factor propelling the growth of the jasmine rice market, establishing it as a staple in the quest for healthier dietary options.

Rising Globalization Fuels Jasmine Rice Market Expansion

The globalization of markets and the reduction of trade barriers through international trade agreements have brought forth a positive transformation in the Jasmine Rice Market. As these barriers diminish, jasmine rice producers find themselves equipped with greater access to international markets. This newfound global reach led to a surge in consumer demand for jasmine rice, triggering increased production and higher export volumes. Consequently, the market expands as more regions around the world embrace the aromatic and flavorful qualities of jasmine rice, making it not just a local delight but a coveted commodity in the global culinary landscape.

The rice exports by Asian countries drives the Market

Market Dynamics of the Jasmine Rice

Effects of Export Restrictions on the Jasmine Rice Market to Limit Market Growth

The imposition of export restrictions and trade barriers on agricultural products, like jasmine rice, by certain governments stems from a combination of domestic food security concerns and geopolitical considerations. This protective stance can have far-reaching effects on the global jasmine rice market. These policies limit the availability of jasmine rice in international markets, creating price fluctuations and supply uncertainties. Importing nations find themselves grappling with the challenge of accessing affordable and consistent sources of jasmine rice, jeopardizing their food security. The instability in the market, driven by these restrictions, can disrupt the delicate balance of supply and demand, impacting both producers and consumers alike.

Premium Quality, Sustainable Sourcing & Global Demand Fuel Growth

In 2025, the jasmine rice sector is gaining substantial traction, propelled by consumers' inclination towards high-quality, aromatic rice that boasts exceptional flavor and texture. There is an increasing appetite for organically cultivated jasmine rice, meticulously graded for scent and quality, with transparent sourcing labels enhancing its attractiveness. Trends emphasizing sustainability are significantly impacting this market: purchasers are progressively favoring rice obtained through fair-trade methods, water-efficient agricultural practices, and minimized pesticide application. Simultaneously, worldwide consumption is broadening beyond traditional Asian regions to encompass North America, Europe, and the Middle East, driven by a surge in interest in international cuisine and culinary diversity. These factors, along with advancements in convenient packaging options—like pre-measured, vacuum-sealed, and ready-to-cook varieties—are transforming jasmine rice into a value-added, globally accessible staple.

Impact of COVID-19 on the Jasmine Rice Market

COVID-19 had a significant impact on the Jasmine Rice Market. The pande...

The global rice market reached a value of approximately USD 323.70 Billion in 2024. The market is projected to grow at a CAGR of 3.10% between 2025 and 2034, reaching a value of around USD 439.27 Billion by 2034.

Global rice market valued at USD 320 Bn, driven by population growth, demand for staples, and organic varieties, with expected annual demand rise of 1.2% through technological advancements.

Expanding at a CAGR of 6.1%, the global wild Rice industry is projected to increase from USD 530.2 Million in 2025 to USD 961.4 Million by 2035.

Attributes	Description
Estimated Global Wild Rice Industry Size (2025E)	USD 530.2 Million
Projected Global Wild Rice Industry Value (2035F)	USD 961.4 Million
Value-based CAGR (2025 to 2035)	6.1%

Semi annual update

Particular	Value CAGR
H1 (2024 to 2034)	6.3%
H2 ( 2024 to 2034)	7.5%
H1 (2025 to 2035)	7.7%
H2 (2025 to 2035)	8.8%

Country-wise Insights

Countries	CAGR
Canada	7.9%
UK	6.3%
India	5.5%

Category-Wise Insights

Segment	Value Share (2025)
Packaging Type-Pouches	45%

Segment	Value Share (2025)
Distribution Channel - Super Market	31%

Snapshot img

Rice Market Size 2023-2027

The rice market size is projected to increase by 85.65 million T, at a CAGR of 3.6% between 2022 and 2027.

Market growth in the rice industry is driven by several key factors. Firstly, increased consumption of rice as a staple food globally is a significant factor. Secondly, the diverse range of rice varieties available from producers caters to various consumer preferences and market demands. Thirdly, rising demand for rice flour from emerging markets, particularly in the food processing and cosmetics industries, is another crucial factor. These elements collectively fuel market growth, emphasizing rice's importance as a vital food source.
As consumption patterns evolve and dietary trends shift, producers are expected to continue innovating to meet diverse consumer preferences. Brown rice, in particular, is gaining popularity due to its health benefits and environmental sustainability. Producers must adapt to changing market dynamics to ensure continued growth and sustainability in the rice industry. This trend underscores the significance of brown rice as a crucial food source and the need for producers to stay competitive and responsive to market demands.

What will be the Size of the Rice Market During the Forecast Period?

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How is the Rice Market Segmented?

The rice market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'Million ton' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

Product Outlook 

  Long grain
  Medium grain
  Short grain


Distribution Channel Outlook 

  Offline
  Online


Region Outlook

  North America

    The U.S.
    Canada


  Europe

    The U.K.
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa


  South America

    Chile
    Brazil
    Argentina

By Product

The market share growth by the long-grain segment will be significant during the forecast period. Long-grain rice is slim and lengthy, having a length that is three to five times its width. This segment has a range of rice varieties such as basmati and jasmine.

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The long-grain segment was valued at 177.73 million T in 2017. Long-grain rice is widely produced and consumed across Asian countries. These countries are some of the largest consumers of rice in the world. Thus, the popularity of long-grain rice in leading rice-consuming countries in the world is driving the growth of the long-grain segment of the global market. Furthermore, long-grain rice is believed to be healthier than other rice varieties.
For instance, basmati rice is low in carbohydrates and cholesterol, making it suitable for consumption by people with chronic disorders such as diabetes, cardiac diseases, and obesity. Such health benefits of long-grain rice increase its popularity among consumers, which, in turn, will drive rice market growth during the forecast period.

By Distribution Channel

The offline distribution channel segment generates revenue from the sales of products through hypermarkets, supermarkets, department stores, and independent retailers. Retailers are introducing new business and retail strategies, for example, better pricing strategies and wider assortments, owing to the declining preference for offline shopping and the need to survive in a competitive market. As a part of the marketing and offline sales strategy, resellers place attractive displays that generate strong sales. companies push their offline sales by widening their store operations across locations.
Companies can increase sales and cater to each consumer category through expansions in large geographies. With the growth in retail channels in cities and regions, customers have access to different varieties of rice, such as brown rice, basmati rice, and jasmine rice. This is expected to increase the sales of rice through offline channels during the forecast period. 

By Region

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APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the biggest producer and consumer of rice in the world. The region consumes about two-thirds of the total rice produced globally. Thus, rice is available in plenty across the region. Countries including China, Thailand, and India use rice in the preparation of a wide range of daily-use food items such as rice wine. This keeps the demand for rice high in the region.

The global parboiled rice and white rice market is being aided by the increasing global production of rice, which attained a volume of 523.42 MMT in 2024. Aided by the rising demand from the food and beverage industry and growing acceptance and rising popularity of alcoholic beverages and wines, which are made of rice, the rice production is expected to grow at a CAGR of 1.00% between 2025 and 2034 to reach nearly 578.18 MMT by 2034.

Table of Contents

• Rice Market Overview:
• Global Rice Market Scope:
• Key Market Segments:
• Market Dynamics
• Regional Analysis
• Кеу Regions and Countries covered іn thе rероrt:
• Key Companies & Market share Insights:
• Кеу Маrkеt Рlауеrѕ іnсludеd іn thе rероrt:

Rice Market Overview:

The global rice market value was USD 293,773.9 Million in 2021. It is expected to grow at a CAGR of 2.35% between 2023 and 2032.

Market growth is expected to be aided by the expanding restaurant and food industry worldwide. More than half the world’s population eats rice as a staple food. The largest market for the product is in the Asia Pacific, which has seen significant market growth. The product demand is increasing in emerging countries due to the continuous improvement in rice mill machinery worldwide and the attractive packaging. Read More