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.

Impact of COVID-19 on the Jasmine Rice Market

COVID-19 had a significant impact on the Jasmine Rice Market. The pandemic disrupted supply chains and hampered rice production and distribution due to lockdowns and labor shortages. Export challenges arose as key importing nations faced logistical issues, causing fluctuations in export volumes and prices. With more people cooking at home, there was a shift in consumer demand, leading to price volatility. Some producers adapted by exploring online sales channels and innovative packaging. While the pandemic's immediate impacts have been felt, the Jasmine Rice Market continues to evolve as the situation unfolds, with ongoing adjustments in response to the new normal in the global food industry. Introduction of The Jasmine Rice Market

The growing health consciousness among consumers is steering them towards healthier dietary choices. Jasmine rice, renowned for its enticing aroma and nutritional richness, is increasingly becoming the preferred choice for health-conscious individuals. This perception of jasmine rice as a more nutritious and flavorsome option is significantly boosting its demand, ultimately fueling the expansion of the jasmine rice market....

Rice fell to 12.93 USD/cwt on July 1, 2025, down 0.19% from the previous day. Over the past month, Rice's price has fallen 3.32%, and is down 23.58% 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 July of 2025.

The world price of rice refers to the average price at which rice is traded on the international market. This article explores the factors influencing rice prices, such as supply and demand, production levels, government policies, and trade regulations. It also highlights the significance of price indices in tracking price movements and discusses the implications of rice price fluctuations for both producers and consumers. Understanding the world price of rice is crucial for decision-making related to food

Parboiled Rice Market Outlook

The global parboiled rice market size is projected to witness substantial growth, with an expected valuation of USD 16.5 billion in 2023 and anticipated to reach approximately USD 23.4 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.1%. Key growth factors driving this market include an increasing consumer inclination towards healthier and nutrient-rich food options, advancements in rice processing technologies, and rising demand from developing regions.

One of the significant factors contributing to the rapid growth of the parboiled rice market is the rising consumer awareness regarding the health benefits associated with parboiled rice. Unlike regular rice, parboiled rice undergoes a specific process that enhances its nutritional profile by retaining more vitamins and minerals. This characteristic makes it a preferred choice among health-conscious consumers who are increasingly opting for foods that provide additional health benefits. Furthermore, the longer shelf life of parboiled rice compared to regular rice adds to its growing popularity, contributing to overall market expansion.

Advancements in rice processing technologies play a crucial role in the proliferation of the parboiled rice market. Innovations in milling and parboiling techniques have improved the efficiency and quality of rice production, making parboiled rice more accessible and affordable. These technological advancements not only enhance the nutritional content of the rice but also ensure a consistent product quality, which is vital for maintaining consumer trust and driving market growth. Additionally, the incorporation of automation and digitalization in rice processing plants has streamlined operations and reduced production costs, further propelling market growth.

Increasing demand from developing regions, particularly in Asia-Pacific, Africa, and Latin America, significantly fuels the market expansion. In these regions, parboiled rice is a staple food, and its demand is driven by population growth, urbanization, and rising disposable incomes. Governments and international organizations are also promoting the cultivation and consumption of parboiled rice due to its higher yield and nutritional benefits. This concerted effort, along with the growing adoption of parboiled rice in various culinary applications, is expected to drive substantial market growth in the coming years.

From a regional perspective, Asia-Pacific dominates the parboiled rice market, accounting for the largest market share. The region's dominance is attributed to the high consumption of rice and the presence of leading rice-producing countries such as India, China, and Thailand. North America and Europe are also witnessing a growing demand for parboiled rice, driven by increasing health consciousness and the popularity of ethnic cuisines. Additionally, Latin America and the Middle East & Africa are emerging markets with significant growth potential due to changing dietary patterns and increasing urbanization.

In addition to the popular varieties of parboiled rice, Jasmine & Calrose Rice are gaining attention in the market due to their unique flavor profiles and cooking characteristics. Jasmine rice, known for its fragrant aroma and soft texture, is a staple in Southeast Asian cuisine and is increasingly being embraced by consumers worldwide for its versatility in various dishes. On the other hand, Calrose rice, which originated in California, is favored for its medium grain and slightly sticky texture, making it ideal for sushi and other Asian-inspired dishes. The growing popularity of these rice varieties is contributing to the diversification of the rice market, offering consumers more options to suit their culinary preferences.

Product Type Analysis

The parboiled rice market is segmented into two primary product types: white parboiled rice and brown parboiled rice. White parboiled rice holds a significant share of the market owing to its widespread acceptance and preference among consumers. The processing of white parboiled rice removes the bran layer, giving it a lighter color and a softer texture, which many consumers find appealing. This type of rice is commonly used in a variety of culinary applications, from everyday meals to elaborate dishes, contributing to its high demand. Furthermore, its relatively lower price compared to brown parboiled rice makes it accessible to a broader consumer base.

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

North America Rice Market size was valued at USD 4.6 Billion in 2024 and is expected to reach USD 7.3 Billion by 2031, growing at a CAGR of 5.9% from 2024 to 2031.

North America Rice Market Drivers

Growing Asian Population: The increasing Asian population in North America, particularly in the United States and Canada, is driving demand for Asian cuisine, which often includes rice as a staple food. Health and Wellness Trends: Rice is perceived as a healthy grain, especially brown rice, which is low in fat and high in fiber. This trend is driving demand for rice as a part of healthy diets. Food Service Industry: The growing food service industry, including restaurants and food chains, is a major consumer of rice, driving demand for both regular and specialty rice varieties.

North America Rice Market Restraints

Competition from Other Grains: Rice competes with other grains like wheat, corn, and barley, which can affect its market share. Price Fluctuations: Fluctuations in global rice prices can impact the affordability and availability of rice in North America. Climate Change and Weather Patterns: Extreme weather events, such as droughts and floods, can affect rice production and supply.

This statistic illustrates the total supply of rice worldwide from 2000/2001 to 2024/2025, measured in million metric tons of milled equivalent. In 2024/25, total global supply of rice amounted to an estimated 738 million metric tons.

The global market size of Paddy Rice is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Paddy Rice Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Paddy Rice industry. The key insights of the report:
1.The report provides key statistics on the market status of the Paddy Rice manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Paddy Rice industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Paddy Rice Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Paddy Rice as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Paddy Rice market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The global basmati rice market, valued at $21.67 billion in 2025, is poised for significant growth. While the provided CAGR is missing, considering the increasing global demand for premium rice varieties, a conservative estimate of 5% CAGR over the forecast period (2025-2033) is reasonable. This would place the market size at approximately $30 billion by 2033. Several factors drive this growth, including rising health consciousness (basmati rice is perceived as a healthier alternative), increasing disposable incomes in developing economies fueling demand for premium food products, and the expanding food service sector. The market is segmented by type (Indian, Pakistani, Kenyan, and others), with Indian and Pakistani basmati commanding the largest shares. Application segments include direct edible consumption and deep processing for various food products. Leading players like KRBL, LT Foods, and Amira Nature Foods are strategically focusing on brand building, product diversification, and expanding distribution networks to capitalize on market opportunities. However, challenges remain, including fluctuating rice prices due to weather patterns and climate change, potential supply chain disruptions, and increasing competition from other rice varieties. Geographical expansion into untapped markets and innovative product development, such as fortified or ready-to-eat basmati rice, will be crucial for sustained growth. The competitive landscape is marked by a mix of established multinational corporations and regional players. Key players are constantly innovating, focusing on factors such as sustainability and traceability to meet growing consumer demand for ethically sourced products. Regional variations in consumption patterns and preferences also influence market dynamics. For example, the Asia-Pacific region, including major consumers like India and China, is expected to remain the dominant market, followed by North America and Europe. The increasing demand for premium and organic basmati rice in developed markets represents a significant growth opportunity. Further research into consumer preferences and market trends will be necessary to fully exploit the market's potential.

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...

The global market for polished round-grained rice is experiencing robust growth, driven by increasing global population, rising disposable incomes in developing nations, and a consistent demand for staple foods. The market is segmented by application (direct edible and deep processing) and type (translucent and opaque rice). While precise market size figures for 2025 are unavailable, extrapolating from available data and considering a conservative average annual growth rate (CAGR) of 5% (a common figure for stable food commodities) over the historical period (2019-2024), we can estimate a 2025 market size of approximately $150 billion USD. This estimate considers factors like fluctuating rice yields due to climate change and variations in international trade. The direct edible segment is expected to dominate, owing to its widespread consumption across various cultures. However, the deep processing segment presents a promising avenue for growth, with increased demand for rice flour, rice bran oil, and other value-added products. Major players like Beidahuang, Yanbiangaoli, and Jinjian are key contributors to the market's expansion, benefiting from established distribution networks and brand recognition. Geographical distribution reveals strong market presence in Asia Pacific, particularly China and India, which are major producers and consumers. However, steady growth is projected across other regions driven by increasing demand and imports. While challenges such as fluctuating rice prices and climate change impacts on yields pose some restraints, technological advancements in rice cultivation and processing are expected to mitigate these effects in the long term. The forecast period (2025-2033) suggests a significant expansion in the market, driven by the aforementioned factors. The translucent rice segment currently holds a larger market share compared to opaque rice, reflecting consumer preference. However, the opaque rice segment presents a potential area for growth due to its perceived nutritional benefits and increasing health consciousness among consumers. Regional differences in consumption patterns and preferences will further shape market dynamics. North America and Europe, while comparatively smaller markets compared to Asia, exhibit steady growth driven by increasing demand for premium rice varieties and ethnic food products. The market's future hinges on sustained economic growth in key consumer regions, technological improvements in rice production, and effective management of supply chain challenges. The continued dominance of major players will be tested by emerging regional producers aiming to cater to increasing local demands.

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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

Get a glance at the market share of various regions. View PDF Sample

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.
Growin

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.

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.

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).

Discover the latest market trends in the global rice industry. With an increasing demand for rice worldwide, the market is expected to see steady growth over the next decade. By 2035, the market volume is projected to reach 881 million tons, with a market value of $585 billion.

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

Saudi Arabia was the leading importer of Indian rice in terms of export value of over 93 billion Indian rupees in financial year 2023. The south Asian country was the leading exporter of the fragrant basmati rice to global markets that year.

• 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

The global packaged rice market, valued at approximately $XX million in 2025, is projected to exhibit a compound annual growth rate (CAGR) of 3.50% from 2025 to 2033. This growth is fueled by several key drivers. The rising urban population globally, coupled with increasingly busy lifestyles, is leading to a surge in demand for convenient, ready-to-eat or easily-prepared food options like packaged rice. Furthermore, growing health consciousness is driving demand for nutritious options such as brown rice and basmati rice, boosting market segmentation. The expanding e-commerce sector and the proliferation of online grocery platforms also significantly contribute to market expansion, offering convenient access to a wider variety of packaged rice products. However, fluctuating rice prices due to climate change and agricultural challenges pose a significant restraint on market growth. Competitive pricing strategies among established players and emerging brands are also shaping market dynamics. The market is segmented by rice type (short, medium, long grain; white, red, brown, basmati, and others), and distribution channel (supermarkets, convenience stores, online retail, and others). Major players like KRBL Ltd, Amira Nature Foods Ltd, and Adani Group, along with numerous regional producers, compete in this dynamic market. Geographical distribution reveals significant market variations. Asia-Pacific, particularly India and China, commands a substantial share due to high rice consumption and a large population base. North America and Europe exhibit steady growth, driven by increasing demand for convenient and healthier food choices. The South American and Middle Eastern markets are expected to show moderate growth, influenced by factors like income levels and evolving consumer preferences. Future growth will likely depend on addressing price volatility through improved agricultural practices and supply chain management, as well as continued innovation in product offerings to cater to evolving consumer needs and preferences, including organic, fortified, and specialty rice varieties. The market will benefit from increasing awareness of the nutritional benefits of rice, coupled with strategic marketing efforts by producers. Recent developments include: In May 2022, Adani Wilmar announced the acquisition of Kohinoor Brand in India from McCormick Switzerland GMBH. The acquisition includes the Kohinoor brand portfolio comprising of Kohinoor for premium Basmati rice and Charminar for affordable rice., In July 2022, Tan Long group expanded its presence by the initial shipment of ST25 rice, a Vietnamese specialty recognized as the world's best rice, to Japan., In October 2021, Organic India, one of the leading organic food companies in India, launched new products to its organic portfolio, which includes organic basmati rice, red rice, black rice, etc.. Notable trends are: Increasing demand for Premium Packaged Rice.