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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).
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The United States Rice Market 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 Report Offers the Market Size and Forecast in Value (USD) and Volume (metric Tons).
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Rice rose to 12.51 USD/cwt on July 23, 2025, up 1.02% from the previous day. Over the past month, Rice's price has fallen 7.77%, and is down 15.27% 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.
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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.
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.
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The global rice market reached a value of approximately USD 323.70 Billion in 2024. The market is projected to grow at a CAGR of 3.10% between 2025 and 2034, reaching a value of around USD 439.27 Billion by 2034.
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
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The global basmati rice market, valued at USD 6.34 Billion in 2024, has experienced significant growth, driven by diverse market segments such as organic, fortified, and ready-to-cook rice products, addressing varied consumer demands. The market is projected to grow at a compound annual growth rate (CAGR) of 2.00% from 2025 to 2034, potentially reaching USD 7.73 Billion by 2034. This growth is further supported by the growing perception of Basmati rice as a healthier alternative to regular rice, typically offering a lower glycemic index, which is beneficial for diabetics and health-conscious individuals.
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The market value of the Europe wild rice market is estimated to be about USD 95.4 million by 2025. The market will have grown further, with an estimate of USD 193.4 million, by 2035. The market is expected to grow at a CAGR of 7.3% over the period from 2025 to 2035. With the changing consumer preferences, the demand for healthier and sustainable food options, such as wild rice, is increasing.
Attributes | Description |
---|---|
Estimated Europe Wild Rice Industry Size (2025E) | USD 95.4 Million |
Projected Europe Wild Rice Industry Value (2035F) | USD 193.4 Million |
Value-based CAGR (2025 to 2035) | 7.3% |
Country-wise Insights
Countries | CAGR (2025 to 2035) |
---|---|
UK | 5.1% |
Germany | 6.6% |
France | 8.1% |
Italy | 8.8% |
Category-Wise Insights
Segment | Value Share (2025) |
---|---|
Ready-to-eat (Product Type) | 55% |
Segment | Value Share (2025) |
---|---|
Pouch (By Packaging Type) | 52% |
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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.
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The United States Basmati rice market is being supported by the growing global production of basmati rice, which reached a volume of 11.81 MMT in 2024. The global production of basmati rice is expected to grow at a CAGR of 5.70% in the forecast period of 2025-2034.
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North America Instant rice market size is USD 860.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031
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Recent developments include: December 2022: According to the Texas State Historical Association, a few major cities producing about 90% of the US rice crop are Arkansas, California, Louisiana, and Texas and with lesser production along the Mississippi river in Mississippi, Missouri, and Tennessee., November 2022: The United States is a top five global exporter of high-value rice, and more than 80% of the rice is sustainably grown on family farms. But a series of challenges - both manmade and environmental - are threatening the industry and dependent communities, leading the industry to request USD 400 million in emergency assistance from the US government.. Key drivers for this market are: , Increasing Food Security Concerns; Inclination Toward a Healthy Lifestyle. Potential restraints include: , Unfavorable Climatic Conditions; Higher Market Entry Cost. Notable trends are: Steady Increase in Production is Driving the Market.
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The Packaged Rice Market report segments the industry into By Size (Short Grain Rice, Medium Grain Rice, Long Grain Rice), By Type (White Rice, Red Rice, Brown Rice, Basmati Rice, Others), By Distibution Channel (Supermarkets/Hypermarkets, Convenience/ Grocery Stores, Online Retail Stores, Other Distribution Channels), and By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa).
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India Packaged Rice Market was valued at USD 13.92 Billion in 2025 and is expected to reach USD 19.66 Billion by 2031 with a CAGR of 5.92%.
Pages | 85 |
Market Size | 2025: USD 13.92 Billion |
Forecast Market Size | 2031: USD 19.66 Billion |
CAGR | 2026-2031: 5.92% |
Fastest Growing Segment | Basmati |
Largest Market | North |
Key Players | 1. Adani Wilmar Ltd. 2. Aeroplane Rice Ltd. 3. Amira Nature Foods Ltd. 4. Baba Naga Agro Pvt. Ltd. 5. Balashree Foods Pvt. Ltd. 6. Chaman Lal Setia Exports Ltd. 7. Patanjali Ayurved Limited 8. Shri Lal Mahal Group 9. Sriveda Sattva Pvt. Ltd. 10. VSR Foods |
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The global instant rice market size was USD 1.9 billion in 2023 and is likely to reach USD 3.1 billion by 2032, expanding at a CAGR of 5.9% during 2024–2032. The market growth is attributed to the increasing consumer preference for convenience foods across the globe.
Increasing consumer preference for convenience foods is driving the instant rice market. The hectic lifestyle of the modern consumer is pushing the demand for ready-to-eat meals, and instant rice, being a significant part of this category, is witnessing a surge in the market. The product offers the advantage of reduced cooking time without compromising on nutritional value, which is a key factor contributing to its popularity. Moreover, the availability of instant rice in various flavors and types, such as brown and white, is further fueling its market.
The use of artificial intelligence is likely to provide substantial propulsion to the instant rice market. AI-powered machines are now capable of sorting and packaging the product efficiently, reducing manual labor and increasing productivity. These machines detect any defects in the product, ensuring that only the highest quality rice reaches the consumers.
AI is helping manufacturers to predict consumer behavior and market trends accurately. This allows them to adjust their production levels accordingly, minimizing waste and maximizing profits. AI is playing a crucial role in the marketing of the product. By analyzing consumer data, AI helps manufacturers to target their advertising more effectively, reaching the right consumers with the right message at the right time. Thus, AI improves the efficiency of the instant rice market and helps to drive its growth.
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Access North America Basmati Rice Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type , Applications, product, Distribution Channel, Pack Size
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Stay updated with Market Research Intellect's Jasmine Rice Market Report, valued at USD 3.5 billion in 2024, projected to reach USD 5.2 billion by 2033 with a CAGR of 5.5% (2026-2033).
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The United States rice market reached approximately 12.37 MMT in 2024. The market is projected to grow at a CAGR of 1.30% between 2025 and 2034, reaching a volume of around 14.08 MMT by 2034.
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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.
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
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.
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
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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).