This statistic shows the monthly price index of rice (average for all rice varieties) from July 2022 to January 2025. In April 2023, the rice price index amounted to 124.2.

In 2024, the global rice market increased by 1.2% to $509B, rising for the fourth consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 3.1%. Global consumption peaked at $536.7B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

Rice decreased 0.88 USD/CWT or 6.31% since the beginning of 2025, 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 March of 2025.

The global paddy rice market expanded slightly to $1,181.1B in 2024, picking up by 2.3% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market reached the peak level in 2024 and is expected to retain growth in the near future.

This statistic depicts the forecasted market value of rice flour worldwide from 2017 to 2025. In 2017, the global market value of rice flour reached approximately 713 million U.S. dollars, and is forecasted to increase to about one billion U.S. dollars by 2025.

Introduction

Rice Statistics - Rice, a staple for over half the world's population, is a versatile cereal grain with thousands of varieties categorized into long-grain, medium-grain, and short-grain types.

From the slender and separate long-grain to the sticky short-grain varieties, rice offers diverse culinary possibilities, including plain steamed rice, sushi, and rice pudding.

While white rice is widely consumed, retaining little of its bran layer, brown rice preserves more nutrients and fiber.

Beyond its nutritional value, rice holds cultural significance, symbolizing fertility and prosperity in many societies. Whether in religious ceremonies or daily meals, rice remains a vital component of global cuisine and heritage.

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....

Thailand Avg Wholesale Price: Rice: White Rice 10 % data was reported at 1,205.000 THB/100 kg in 27 Mar 2025. This stayed constant from the previous number of 1,205.000 THB/100 kg for 26 Mar 2025. Thailand Avg Wholesale Price: Rice: White Rice 10 % data is updated daily, averaging 1,335.000 THB/100 kg from Mar 2006 (Median) to 27 Mar 2025, with 4563 observations. The data reached an all-time high of 2,145.000 THB/100 kg in 07 Jun 2024 and a record low of 1,125.000 THB/100 kg in 31 Aug 2017. Thailand Avg Wholesale Price: Rice: White Rice 10 % data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P003: Average Wholesale Price.

In 2018, approx. X tons of broken rice were exported worldwide; going down by -X% against the previous year. Overall, the total exports indicated a resilient increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, broken rice exports increased by +X% against 2008 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, global broken rice exports reached their peak figure at X tons in 2017, and then declined slightly in the following year.

Statistics illustrates monthly prices of rice in Switzerland from January 2019 to February 2025.

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.

Thailand Avg Wholesale Price: Rice: White Rice 25 % Super: New data was reported at 1,165.000 THB/100 kg in 27 Mar 2025. This stayed constant from the previous number of 1,165.000 THB/100 kg for 26 Mar 2025. Thailand Avg Wholesale Price: Rice: White Rice 25 % Super: New data is updated daily, averaging 1,235.000 THB/100 kg from Mar 2006 (Median) to 27 Mar 2025, with 4562 observations. The data reached an all-time high of 2,105.000 THB/100 kg in 07 Jun 2024 and a record low of 1,010.000 THB/100 kg in 26 May 2014. Thailand Avg Wholesale Price: Rice: White Rice 25 % Super: New data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P003: Average Wholesale Price.

Rice was by far the food category affected by price inflation based on the reports of Japanese consumers. In a survey conducted in February 2025, over 75 percent of respondents felt that rice prices had increased, followed by leafy vegetables. The Consumer Price Index of grains and cereals showed a jump in 2024, impacted by rising rice prices due to reported shortages.

Average Wholesale Price: Rice: East Kalimantan data was reported at 15,000.000 IDR/kg in 26 Mar 2025. This stayed constant from the previous number of 15,000.000 IDR/kg for 25 Mar 2025. Average Wholesale Price: Rice: East Kalimantan data is updated daily, averaging 11,000.000 IDR/kg from Jul 2017 (Median) to 26 Mar 2025, with 1949 observations. The data reached an all-time high of 16,000.000 IDR/kg in 22 Nov 2024 and a record low of 10,100.000 IDR/kg in 23 Aug 2017. Average Wholesale Price: Rice: East Kalimantan data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PC001: Average Wholesale Price: By Regions: Rice.

Explore the Rice Global Market Report 2025 Market trends! Covers key players, growth rate 9.5% CAGR, market size $55.19 Billion, and forecasts to 2033. Get insights now!

Explore the Paddy Rice Market trends! Covers key players, growth rate 4.6% CAGR, market size $399.83 Billion, and forecasts to 2033. Get insights now!

According to Cognitive Market Research, the global Instant rice market size is USD 21512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 860.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 645.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 429.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 107.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 43.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The White Rice held the highest instant rice market revenue share in 2024.

Key Driver for the Instant rice Market

Rising disposable incomes to Increase the Demand Globally

There is a positive correlation between consumers' willingness to spend more on convenient meal options and their discretionary income. The market for premium instant rice products, such as flavored, brown rice, and organic types, is expanding due to this trend. These products' varied tastes, ease of preparation, and apparent health benefits entice consumers. Premium instant rice is preferred, which reflects changing consumer tastes toward more convenient and healthful meal options. In response to this demand, food producers are diversifying their offerings to accommodate a wider range of palates and dietary requirements. Because of this, the market for premium instant rice is expanding steadily due to shifting consumer habits and increased disposable incomes.

Growing Awareness of Health to Propel Market Growth

Growing consumer awareness of the health advantages of whole grains encourages them to look for nutrient-dense dietary options. Instant brown rice is becoming increasingly popular among people concerned about their health because it is known to be a great source of fiber and vital nutrients. Its ability to provide convenience without sacrificing nutritious content makes it so appealing. Instant brown rice is becoming increasingly popular among consumers who value eating better because it's a flexible and nutrient-dense substitute for regular white rice. This change indicates a larger diet movement to include whole grains in everyday meals to promote general health. Food producers are taking advantage of this trend by providing a range of fast brown rice products to satisfy the rising demand brought on by the increasing recognition of the advantages.

Market Restraint of the Instant Rice Market

High Price to Limit the Sales

For some consumers, especially in price-sensitive economies, the higher price point of quick rice relative to ordinary rice is a possible obstacle. This price difference would encourage those on a tight budget to buy quick rice goods, restricting the market for those products to a certain group of people. Although instant rice is convenient and easy to prepare, buyers looking for more affordable options may need help to justify its premium price. The increased price of quick rice may cause some consumers to choose conventional types in price-sensitive regions where affordability is a major factor in purchase decisions. To guarantee more accessibility to instant rice products for a wider range of customer demographics, food makers and retailers may need to consider pricing tactics or offer more reasonably priced alternatives.

Impact of Covid-19 on the Instant rice Market

Significant COVID-19 effects were seen in the instant rice industry due to changes in customer behavior and supply chain interruptions. Sales of instant rice products soared during the pandemic due to increasing demand for convenient, shelf-stable foods. Amidst lockdowns and limitations, consumers sought quick and simple meal alternatives, which increased demand for instant rice variations. However, manufacturing and distribution were impacted by supply chain issues, such as labor shortages and...

Japan Consumer Price Index (CPI): Goods: Rice data was reported at 171.300 2020=100 in Jan 2025. This records an increase from the previous number of 165.100 2020=100 for Dec 2024. Japan Consumer Price Index (CPI): Goods: Rice data is updated monthly, averaging 100.300 2020=100 from Jan 1970 (Median) to Jan 2025, with 661 observations. The data reached an all-time high of 171.300 2020=100 in Jan 2025 and a record low of 41.700 2020=100 in Jan 1970. Japan Consumer Price Index (CPI): Goods: Rice data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I002: Consumer Price Index: 2020=100.

Average Retail Price: Rice: Modern Market: East Java: Madiun Municipality data was reported at 14,000.000 IDR/kg in 25 Mar 2025. This stayed constant from the previous number of 14,000.000 IDR/kg for 24 Mar 2025. Average Retail Price: Rice: Modern Market: East Java: Madiun Municipality data is updated daily, averaging 12,350.000 IDR/kg from Jun 2017 (Median) to 25 Mar 2025, with 1966 observations. The data reached an all-time high of 22,000.000 IDR/kg in 19 Jun 2017 and a record low of 11,900.000 IDR/kg in 10 Jan 2023. Average Retail Price: Rice: Modern Market: East Java: Madiun Municipality data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PB032: Average Retail Price: Modern Market: By Regions: Rice. [COVID-19-IMPACT]

The Iranian rice market expanded rapidly to $4.6B in 2024, increasing by 9.9% against the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak level of $7.3B. From 2020 to 2024, the growth of the market failed to regain momentum.