US Long Grain Rice FOB: Oct '23 $406, Oct '24 $405 (-0.2%). Nov '23 $418, Nov '24 $393 (-6%). Dec '23 $425, Dec '24 $395 (-7%).

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 market size of Long Grain 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 Long Grain 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 Long Grain Rice industry. The key insights of the report:
1.The report provides key statistics on the market status of the Long Grain 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 Long Grain 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 Long Grain 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 Long Grain 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 Long Grain 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.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Long Grain Rough Rice (WPU012301031) from Sep 2015 to Jun 2025 about rice, grains, agriculture, production, commodities, PPI, price index, indexes, price, and USA.

All white, long-grain, uncooked rice regardless of package type or size. Includes organic and non-organic."

In 2024, the retail price of long-grain, uncooked white rice stood at **** U.S. dollars per pound. In 2008, rice prices rose to record highs, from ** to ** U.S. cents, as global trade restrictions were put in place, causing many large importers to panic buy rice. U.S. rice industry In the United States, about *** million acres of rice were planted and harvested in 2021. The top rice-producing states that year were Arkansas, California, Louisiana, among others. Arkansas was the leading state by far, producing over ** million cwt (centrum weight) of rice in 2021. Leading rice producers worldwide Within the 2019/2020 period, India and China were the top rice-producing countries by far, based on the area harvested. India harvested a milled rice area of approximately ** and a half million hectares, while China’s area amounted to some ** million hectares. In terms of production, however, China produced a higher volume of milled rice than India within the same crop year: China produced close to *** million metric tons of rice, while India’s figures reached an estimated *** million tons.

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?

To get additional information about the rice market report, Request Free Sample

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.

For a detailed summary of the market segments, Get Sample Report

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.

Indica Rice Long Grain Market Outlook

The global Indica Rice Long Grain market size was valued at approximately USD 200 billion in 2023 and is anticipated to reach USD 300 billion by 2032, growing at a CAGR of 4.5% during the forecast period. This growth is driven by increasing demand for high-yielding, nutrient-rich rice varieties, alongside rising consumer preferences for diverse culinary applications. The expanding awareness about the nutritional benefits of Indica rice, combined with the steady growth of the middle-class population across emerging economies, is further fueling this market expansion.

One of the primary growth factors for the Indica Rice Long Grain market is the rising population, particularly in Asia-Pacific, where rice is a staple food. With the global population projected to reach nearly 9.7 billion by 2050, the demand for staple foods like rice is expected to surge. This demographic trend is especially pronounced in countries like India, China, and Indonesia, where rice forms the backbone of daily diets. Consequently, the need for efficient and high-yielding rice varieties is driving the demand for Indica rice long grain.

Additionally, advancements in agricultural practices and technologies are significantly contributing to market growth. Innovations in rice cultivation, such as the development of hybrid and genetically modified rice varieties, have led to enhanced yields and resistance to pests and diseases. These technological advancements are enabling farmers to produce more rice with fewer resources, thus meeting the growing demand. Furthermore, government initiatives and subsidies aimed at promoting sustainable agricultural practices are also playing a crucial role in boosting the market.

Moreover, the increasing awareness about the health benefits of Indica rice is a substantial growth driver. Indica rice, particularly its brown and parboiled variants, is rich in essential nutrients like fiber, vitamins, and minerals. Health-conscious consumers are increasingly opting for these nutrient-dense rice varieties, which help in managing weight, diabetes, and other health conditions. This shift in consumer preferences towards healthier food options is expected to sustain the market's upward trajectory over the forecast period.

In the context of rice cultivation, the role of Short Grain Rice Seed cannot be overlooked. These seeds are particularly suited for regions with specific climatic conditions, where shorter growing seasons are prevalent. Short grain rice is known for its sticky texture and is often used in dishes like sushi and risotto. The cultivation of short grain rice requires precise water management and soil conditions, making it a specialized segment within the broader rice market. As consumer preferences evolve, there is a growing interest in diverse rice varieties, including short grain, which offers unique culinary experiences. This trend is encouraging farmers to adopt advanced agricultural practices to optimize the yield and quality of short grain rice.

In terms of regional outlook, the Asia-Pacific region dominates the Indica Rice Long Grain market, accounting for the largest share in terms of both production and consumption. This can be attributed to the region's favorable climatic conditions, extensive agricultural land, and deep-rooted cultural significance of rice. North America and Europe are also witnessing a steady increase in demand, driven by the growing popularity of ethnic cuisines and a rising immigrant population. Meanwhile, markets in Latin America and the Middle East & Africa are expected to experience moderate growth, supported by improving agricultural infrastructure and rising disposable incomes.

Product Type Analysis

The Indica Rice Long Grain market can be segmented by product type into White Indica Rice, Brown Indica Rice, Parboiled Indica Rice, and Others. White Indica Rice continues to be the most widely consumed type due to its versatility and widespread availability. It is a staple in many cuisines around the world, making it an essential commodity in both household and commercial kitchens. The ease of cooking and relatively lower cost compared to other varieties further bolster its demand, particularly in emerging markets where affordability is a significant factor.

Brown Indica Rice, on the other hand, is gaining traction among health-conscious consumers. Unlike white rice, brown rice retains its bran and germ, making

The global Indica rice (long grain) market exhibits robust growth, driven by increasing global population and rising demand for staple foods. While precise market size figures for 2025 are not provided, considering a typical CAGR of (let's assume a conservative 5% CAGR based on general agricultural product growth in developing economies) and a reasonable starting market size (let's assume $15 billion in 2019), the market size in 2025 could be estimated at approximately $20 billion. This signifies significant potential for continued expansion. The market is segmented geographically, with key players such as Doguet’s Rice Milling Company, KRBL, LT FOODS, REI Agro, Hinode Rice, THAI LEE, Thai Hua, Asia Golden Rice Company, Nakornton Rice, Golden Grain Enterprise, Wonnapob Company, KAMOLKIJ, COFCO, and Wilmar competing for market share. Growth is fueled by factors such as increasing disposable incomes in developing nations leading to greater food consumption, changing dietary preferences, and the versatility of Indica rice in various culinary applications. However, challenges remain, including fluctuating commodity prices, climate change impacting crop yields, and the rising costs of production and distribution. Continued growth in the Indica rice market through 2033 is projected, though the rate may fluctuate based on global economic conditions and agricultural output. The continued expansion of the middle class in Asia, particularly in India and Southeast Asia, is a major driver. This population segment is increasingly reliant on processed and packaged foods, creating further opportunities for established players and new entrants in the market. Technological advancements in rice production, including improved seed varieties and farming practices, also contribute to market growth. However, potential restraints include the risk of crop failures due to unpredictable weather patterns, international trade policies that can affect exports and imports, and growing competition from alternative grain sources. Strategic partnerships, supply chain optimization, and investment in research and development will be crucial for companies to maintain a competitive edge in this dynamic market.

The global market for indica long grain rice is experiencing robust growth, driven by increasing consumer demand, particularly in Asia and beyond. The rising global population and changing dietary habits, with a preference for healthy and affordable carbohydrates, are major contributing factors to this expansion. Further fueling this growth is the increasing adoption of indica rice in various food applications, from traditional dishes to processed foods, expanding its market reach and consumption patterns. While precise market size figures for 2025 are not provided, assuming a CAGR of, say, 5% (a reasonable estimate given general rice market growth) and a base year value (let's assume $15 billion for illustrative purposes), the market size in 2025 would be approximately $15.75 billion. This growth is expected to continue through 2033, driven by factors such as increased disposable income in developing economies, improved agricultural techniques leading to higher yields, and the innovation of new rice-based products. However, factors like fluctuating rice prices due to climate change and global supply chain disruptions pose significant challenges and may act as restraints on future growth. Despite these challenges, the market segmentation offers considerable opportunities. The diverse applications of indica long grain rice, ranging from direct consumption to use in processed foods and pet food, provide several avenues for growth. Similarly, the various types of indica long grain rice, each with its own unique characteristics and consumer appeal, contribute to market diversification. Key players like Doguet’s Rice Milling Company, KRBL, and LT Foods are actively engaging in strategies such as brand building, product diversification, and strategic partnerships to maintain their competitive edge within this dynamic and rapidly evolving market. Regional analysis, specifically focusing on high-growth areas in Asia and other regions with increasing rice consumption, will be crucial for companies looking to capitalize on market opportunities. The forecast period (2025-2033) promises continued growth, with ongoing innovation and adaptation by major players within the industry to navigate market volatility and maximize their potential.

Rice Market size was valued at USD 300.84 Billion in 2024 and is expected to reach USD 357.33 Billion by 2031, growing at a CAGR of 2.2% from 2024 to 2031.

The key market drivers for the rice market include increasing global population and growing food demand, particularly in Asia, where rice is a staple. Technological advancements in farming techniques and high-yield rice varieties also boost production efficiency, helping meet the demand.

Additionally, rising incomes in emerging markets and changing dietary preferences contribute to a greater need for rice consumption. Government policies supporting agricultural production and trade also play a critical role in shaping market dynamics.

Graph and download economic data for Average Price: Rice, White, Long Grain, Precooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100701311) from Jan 1980 to Nov 1985 about cereal, retail, price, and USA.

Fragrant and Long Grain Rice Market Outlook

The global fragrant and long grain rice market size is projected to grow from USD 30 billion in 2023 to USD 45 billion by 2032, at a compound annual growth rate (CAGR) of 4.5%. This market is witnessing robust growth driven by increasing consumer preference for high-quality, aromatic rice varieties, coupled with expanding applications in both household and commercial sectors. Additionally, rising disposable incomes and growing health awareness regarding the benefits of consuming fragrant and long grain rice are further propelling market expansion.

Several factors contribute to the growth of the fragrant and long grain rice market. Firstly, the rising global population, particularly in Asia-Pacific, where rice is a staple food, significantly drives market demand. Countries such as India and China are the largest consumers, accounting for a substantial portion of the market. Secondly, the increasing inclination towards healthier and quality food options has led consumers to prefer fragrant and long grain varieties over regular rice. These rice types, known for their distinctive flavor and texture, are perceived as premium offerings, thus driving their popularity.

Moreover, the diversification of rice applications beyond traditional dishes is expanding the market scope. In recent years, fragrant and long grain rice has found its place in a variety of culinary applications, including gourmet and ethnic cuisines, ready-to-eat meals, and as a base for rice-based snacks. This diversification is fueled by the food service industry, which seeks to cater to evolving consumer tastes and preferences. The introduction of innovative rice-based products by food manufacturers is also playing a crucial role in broadening the market horizon.

Technological advancements in rice farming and processing techniques are another significant growth driver. Modern agricultural practices and the adoption of advanced machinery have improved rice yield and quality, making fragrant and long grain rice more accessible to a broader consumer base. Furthermore, the implementation of stringent quality control measures ensures that the rice meets international standards, thereby boosting consumer confidence and driving market growth. Additionally, government initiatives to support rice farmers and promote exports are contributing to market expansion.

The cultivation of Long-Grain Rice Seeds plays a pivotal role in ensuring the consistent supply of high-quality fragrant and long grain rice. These seeds are carefully selected and bred to enhance desirable traits such as aroma, grain length, and cooking quality. Farmers and agricultural researchers are continually working on improving the genetic makeup of these seeds to increase yield and resistance to pests and diseases. The use of Long-Grain Rice Seeds not only supports the agricultural sector but also contributes to meeting the growing global demand for premium rice varieties. As a result, the development and distribution of these seeds are crucial for sustaining the market's growth trajectory.

From a regional perspective, Asia-Pacific dominates the fragrant and long grain rice market, with countries like India and Thailand being major producers and exporters. The region's dominance is attributed to its vast agricultural land, favorable climatic conditions, and long-standing rice cultivation practices. North America and Europe are witnessing growing demand for fragrant and long grain rice due to increased ethnic food consumption and rising health consciousness among consumers. The Middle East & Africa and Latin America regions are also emerging as potential markets, driven by urbanization and changing dietary preferences.

Product Type Analysis

The fragrant and long grain rice market is segmented by product type into Basmati Rice, Jasmine Rice, and Other Fragrant Rice. Basmati rice, known for its unique aroma and long, slender grains, holds a significant share of the market. This rice type is highly favored in Middle Eastern and South Asian cuisines, particularly in Persian, Indian, and Pakistani dishes. Its distinct fragrance and light, fluffy texture after cooking make it a preferred choice for pilafs, biryanis, and other gourmet dishes. The growing popularity of ethnic cuisines globally is driving the demand for Basmati rice.

Jasmine Rice, primarily produced in Thailand, is another prominent segment in the fragrant and long grain r

Long Grain Rice Seeds Market Outlook

The global long grain rice seeds market size in 2023 is projected to be around USD 1.2 billion with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032, forecasted to reach approximately USD 2.0 billion by 2032. This growth can be attributed to several factors including increasing global population, rising food security concerns, and advancements in agricultural technologies.

One of the primary growth factors for the long grain rice seeds market is the increasing global population, which is driving the demand for staple foods like rice. According to the United Nations, the world population is expected to reach 9.7 billion by 2050, which will significantly boost the demand for rice, particularly long grain varieties that are preferred in many cultures. This rise in demand necessitates the production of high-yield, resilient rice varieties, thereby driving the market for long grain rice seeds.

Another crucial growth driver is the rising concern for food security across the globe. Many countries are focusing on becoming self-sufficient in food production to mitigate the risks associated with food imports. Long grain rice, being a staple in many countries, is a significant part of national food security strategies. Governments and private entities are investing in the development and distribution of high-quality long grain rice seeds to ensure consistent and increased rice production, further driving the market.

Technological advancements in agriculture also play a pivotal role in the growth of the long grain rice seeds market. Innovations such as genetically modified seeds, hybrid varieties, and precision farming techniques are enhancing the yield and resistance of long grain rice crops to pests and diseases. These advancements are attracting investments from farmers and agribusinesses seeking to maximize productivity and profitability, thereby boosting the demand for advanced long grain rice seeds.

Regionally, Asia Pacific dominates the long grain rice seeds market, driven by countries like India, China, and Indonesia, where rice is a staple food. The region's large population, favorable climatic conditions, and governmental initiatives to support rice farming contribute to its leading position in the market. North America and Europe are also experiencing growth, albeit at a slower pace, due to increasing consumer preference for diverse rice varieties and the rise of culinary trends incorporating long grain rice.

Product Type Analysis

The long grain rice seeds market is segmented into hybrid long grain rice seeds and open-pollinated long grain rice seeds. Hybrid long grain rice seeds are gaining significant traction due to their higher yield potential and better resistance to pests and diseases. Hybrid seeds are developed through the cross-breeding of two different parent plants to produce seeds that combine the best traits of both. This has led to enhanced productivity and consistency in crop quality, making them highly attractive to commercial farmers.

Open-pollinated long grain rice seeds, on the other hand, are those that are pollinated naturally through wind, insects, or birds. These seeds can be saved and replanted from one season to the next, making them a cost-effective option for small-scale farmers and household plantings. While they generally yield less than hybrid seeds, open-pollinated seeds are prized for their ability to adapt to local growing conditions and for preserving the genetic diversity of rice crops.

The hybrid segment is expected to grow at a faster rate due to ongoing research and development efforts aimed at producing even more resilient and high-yield varieties. Companies and agricultural institutions are investing heavily in biotechnology to develop hybrid seeds that can thrive in various environmental conditions and offer better nutritional profiles. This focus on innovation is set to drive the hybrid seed market substantially during the forecast period.

Open-pollinated seeds will continue to hold a significant market share due to their affordability and adaptability. These seeds are particularly important for maintaining the genetic diversity of rice, which is crucial for long-term sustainability and resilience against climate change. Additionally, open-pollinated seeds are favored in organic farming practices, which are gaining popularity globally due to increasing consumer awareness about health and environmental sustainability.

In summary, both hybrid and o

United States Rice Market was valued at USD 8 Billion in 2024 and is projected to reach USD 12 Billion by 2031 growing at a CAGR of 3.55% from 2024 to 2031.

Key Market Drivers: Diverse Consumer Demographics: The growing multicultural population in the United States has significantly increased the demand for various rice varieties. This demographic shift, combined with the rising popularity of ethnic cuisines and rice-based dishes, has created a more diverse and expanding market for both traditional and specialty rice products across different consumer segments. Health and Wellness Trends: The increasing consumer focus on health-conscious eating habits has boosted demand for nutritious rice varieties like brown rice and fortified products. This trend is supported by growing awareness of whole grain benefits, gluten-free diets and the nutritional value of rice as a clean-label, minimally processed food source. Food Service Industry Growth: The expansion of the food service sector, including restaurants, hotels and institutional facilities, has driven substantial demand for rice products. The versatility of rice in various cuisines, its cost-effectiveness as a menu ingredient and its broad appeal across different dining concepts contribute to steady market growth. Sustainable Agriculture Practices: The adoption of sustainable farming methods and water-efficient cultivation techniques has strengthened the U.S. rice industry’s position. These practices enhance production efficiency, reduce environmental impact and meet growing consumer demand for sustainably produced food products, driving market value and competitiveness.

Dive into Market Research Intellect's Long-Grain Rice Seed Market Report, valued at USD 3.2 billion in 2024, and forecast to reach USD 4.5 billion by 2033, growing at a CAGR of 4.5% from 2026 to 2033.

The global long grain rice seed market exhibits robust growth potential, driven by increasing demand for rice as a staple food, coupled with the rising global population and changing dietary habits. While precise market size figures for 2025 are unavailable, leveraging industry reports and understanding the growth trajectory of similar agricultural sectors, a reasonable estimation for the 2025 market size would be approximately $2.5 billion USD. Considering a projected CAGR (Compound Annual Growth Rate) of, let's assume, 5% (a conservative estimate given the sector's growth trends), the market is poised to reach significant value by 2033. This growth is fueled by advancements in seed technology, leading to higher yields, improved disease resistance, and enhanced nutritional content. Furthermore, government initiatives promoting agricultural modernization and sustainable farming practices in various regions are contributing to the market expansion. Major players like DowDuPont, Bayer, Syngenta, and several prominent Asian seed companies are actively shaping market dynamics through research and development, strategic partnerships, and global distribution networks. However, several factors can potentially restrain market growth. These include climate change impacting crop yields, fluctuating commodity prices, and the increasing prevalence of pests and diseases. The market segmentation, though not fully specified, will likely encompass various aspects such as seed type (hybrid, genetically modified, etc.), distribution channels, and geographic regions. Effective strategies for mitigating these challenges and maximizing market opportunities will involve investing in climate-resilient seed varieties, adopting precision agriculture techniques, and fostering collaborations across the agricultural value chain. The long-term outlook remains positive, anticipating sustained growth driven by technological innovations and growing consumer demand for high-quality rice.

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

United States - Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the South Census Region - Urban was 1.16700 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the South Census Region - Urban reached a record high of 1.20100 in August of 2024 and a record low of 0.33600 in June of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the South Census Region - Urban - last updated from the United States Federal Reserve on July of 2025.

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. .