The Report Covers Rice Demand in the Indian Market. It Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), and Trade in Terms of Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis of Rice. The Report Offers the Market Size and Forecasts in Terms of Volume in Metric Tons and Value in USD for all the Above Segments.

The size of the Rice Industry in India market was valued at USD 52.82 Million in 2023 and is projected to reach USD 62.36 Million by 2032, with an expected CAGR of 2.40% during the forecast period. The rice industry encompasses the entire process of rice cultivation, processing, distribution, and consumption. As one of the world's most important staple foods, rice is a primary source of nutrition for more than half of the global population, especially in Asia, where countries like China, India, and Indonesia are the largest producers and consumers. The industry plays a critical role in food security and the economy, providing livelihoods for millions of farmers and workers involved in its production and processing. Rice cultivation involves various practices, including land preparation, planting, irrigation, and harvesting. Different varieties of rice, such as indica and japonica, are grown based on regional preferences and climatic conditions. The industry is highly influenced by factors such as weather patterns, soil fertility, and pest management, making it vulnerable to environmental changes. Innovations in agricultural technology, including genetically modified varieties and sustainable farming practices, are being adopted to increase yield and resilience against climate change. Recent developments include: June 2024: The Acharya N.G. Ranga Agricultural University released rice varieties suitable for Andhra Pradesh. The varieties are MTU 1271, BPT 2846, BPT 2841, and NLR 3238. The new varieties are high-yielding and resistant to various pests and diseases., September 2022: The Government of India prohibited the export of broken rice through an amendment made to the export policy, which is aimed at increasing the domestic availability of broken rice amid rising demand from the poultry industry and increasing ethanol production as part of Ethanol Blended Petrol (EBP) program in the country., June 2022: Vida Carbon Corp. signed an Emission Reduction Purchase Agreement with Core CarbonX Solutions Pvt. Ltd, an established climate and sustainability consulting firm based in India. The agreement aims to improve rice farmers' cultivation and water management practices on over 100,000 hectares in Telangana in four phases, thereby increasing production.. Key drivers for this market are: Increasing Demand for Indian Rice, Enhancing Production Capacities; Increasing Government Initiatives. Potential restraints include: Abiotic and Biotic Stresses in Rice Cultivation, High Market Entry Costs. Notable trends are: Increasing Demand for Indian Rice.

In financial year 2024, the production volume of rice in India was nearly 138 million metric tons. The first advance estimate for financial year 2025 indicated the rice production of around 120 million metric tons. As a staple crop, rice is widely consumed across India. Rice exports from India br As the leading exporter of rice on the global market, significantly contributing its agricultural trade. The country’s export portfolio includes both Basmati and non-Basmati rice varieties. In 2022, the export value of Basmati rice alone exceeded three billion rupees, with Iran and Saudi Arabia being the primary destinations. Interestingly, since 2020, the exports of non-Basmati rice has surpassed that of Basmati, indicating a shift in global preference. Rice consumption in India In the global ranking of rice consumption, India holds a prominent position, second only to China. The per capita availability of rice in India is estimated at 190 grams per day, signifying its extensive consumption across the nation. Over the years, there has been a consistent rise in the net availability of rice in India, a testament to the growth in production and efficient supply chain mechanisms. As a staple food to most Indians, rice constitutes a significant portion of the overall food grain availability in the country.

The index number of rice production across India in fiscal year 2024 was about 145.5. This meant it was an increase of 45.5 percent from base fiscal year 2008. The overall crop production index that year was 159.8.

For the seventh year in a row, the Indian paddy rice market recorded growth in sales value, which increased by 18% to $99.3B in 2024. The market value increased at an average annual rate of +3.7% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In fiscal year 2024, India had an estimated 47.6 million hectares of land area for rice cultivation. The south Asian country is the second-largest producer of rice globally, and the largest exporter. Where is rice grown in India? Rice is considered a kharif or monsoon crop, grown in climates that are hot and humid. As a principal crop in India, it is produced in the coastal strips on the eastern and western pockets of the country, the plains of Assam in the north-east, and the foothills of the Himalayas. Sona Masuri, Swarna, IR36, and BPT 5204 are some varieties of rice produced across these regions. The world-famous Basmati rice comes mainly from Haryana, Punjab, and Uttar Pradesh. How much rice does India export? India was a rice importer until the 1970s, when it was able to domestically meet demand and supply. The country became a major exporter of the food grain in the 2000s. Most recently, rice exports from the country were valued at nearly 900 billion Indian rupees in 2023. In July 2023, India imposed restrictions on rice exports as a result of rising domestic prices, impacting the global rice market.

Forecast: Rice and products Production in India 2024 - 2028 Discover more data with ReportLinker!

In financial year 2024, the yield of rice across India was estimated to be approximately 2.8 thousand kilograms per hectare. A consistent increase in the yield of rice was noted since fiscal year 1991 except a fall in 2021. Rice is a staple food grain in India, with the yield competing with China’s. The increasing Indian population is reflected by the growing rice demand across the country, as well as production and consumption volumes.   Rice in Indian cuisine Along with other food grains, rice is arguably the most important part of an Indian meal at least once in a day, regardless of region. India was the largest global rice producer in terms of the area harvested. Although some of this is exported, these numbers were reached in order to meet the demand for the crop – a demand from about 1.3 billion people. Despite the cultivation of wheat and other products, rice was the most consumed agricultural product and had the highest market value in 2016. Keeping up with the demand Agriculture , the backbone of the Indian economy and the reason for over 60 percent of the population’s livelihood, gets arguably not as much assistance as it needs. Even in the face of governmental efforts to improve methods and to introduce education and development programs to ensure a more productive, less labor-intensive process, recent years have proved difficult for farmers. Excessive rain leading to flooding, droughts from unpredictable heat waves, in addition to the recent slump in the economy have led to challenging circumstances. High-yielding plants, agrochemicals and the use of technology might be solutions, reflected in an increasingly funded agro-technology market in the country.

India Rice Milling Market was valued at USD 64.5 Mn in 2021 and is projected to reach USD 77.7 Mn by 2027, growing at a CAGR of 3.1% during the forecast period.

The India Rice Seed Market is segmented by Breeding Technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives) and by State (Andhra Pradesh, Assam, Bihar, Chhattisgarh, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of seeds by breeding technology, cultivation mechanism and crop.

Agricultural Production: Rice: Punjab data was reported at 12,990.000 Ton th in 2023. This records an increase from the previous number of 12,890.000 Ton th for 2022. Agricultural Production: Rice: Punjab data is updated yearly, averaging 8,880.000 Ton th from Mar 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 13,381.800 Ton th in 2018 and a record low of 3,223.000 Ton th in 1981. Agricultural Production: Rice: Punjab data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare. The data is categorized under Global Database’s India – Table IN.RIB008: Production of Foodgrains in Major States: Rice.

In financial year 2023, rice production across the northern state of Haryana in India amounted to about 5.4 million metric tons, while the total production in India was 135 million metric tons. Moreover, Telangana was the largest producer of rice in the country that year.

Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.

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: Basmati Rice

Key Drivers

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.

Restraint-

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- transportation challenges, geopolitical tension, and trade restriction...

Forecast: Paddy Rice Production in India 2024 - 2028 Discover more data with ReportLinker!

Agricultural Production: Rice: Rajasthan data was reported at 480.500 Ton th in 2020. This records an increase from the previous number of 453.200 Ton th for 2019. Agricultural Production: Rice: Rajasthan data is updated yearly, averaging 177.400 Ton th from Mar 1981 (Median) to 2020, with 40 observations. The data reached an all-time high of 480.500 Ton th in 2020 and a record low of 47.300 Ton th in 1988. Agricultural Production: Rice: Rajasthan data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare. The data is categorized under Global Database’s India – Table IN.RIB008: Production of Foodgrains in Major States: Rice.

The Non-Basmati Rice market is segmented by Type (Brown Rice, White Rice), Kernel Size (Long Grain Rice, Medium Grain Rice, Short Grain Rice), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market size and forecasts in value (USD million) for the above segments.

Agricultural Production: Rice: Goa data was reported at 90.400 Ton th in 2020. This records a decrease from the previous number of 98.800 Ton th for 2019. Agricultural Production: Rice: Goa data is updated yearly, averaging 126.500 Ton th from Mar 1981 (Median) to 2020, with 40 observations. The data reached an all-time high of 208.900 Ton th in 2000 and a record low of 72.700 Ton th in 1987. Agricultural Production: Rice: Goa data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare. The data is categorized under Global Database’s India – Table IN.RIB008: Production of Foodgrains in Major States: Rice.

The Report Covers Rice Production in Asia-Pacific. The Market is Segmented by Geography (China, India, Japan, Thailand, Vietnam, Australia, Pakistan, Bangladesh, The Philippines, Indonesia, and Sri Lanka). The Study 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 Size and Forecast are Provided in Terms of Value (USD) and Volume (Metric Tons).

Agricultural Production: Rice: Bihar data was reported at 7,020.000 Ton th in 2023. This records a decrease from the previous number of 7,720.000 Ton th for 2022. Agricultural Production: Rice: Bihar data is updated yearly, averaging 6,015.700 Ton th from Mar 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 8,239.300 Ton th in 2017 and a record low of 2,472.200 Ton th in 2005. Agricultural Production: Rice: Bihar data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare. The data is categorized under Global Database’s India – Table IN.RIB008: Production of Foodgrains in Major States: Rice.