The India 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 Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

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. 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.

The India basmati rice market size was valued at USD 5.45 Billion in 2024. The industry is expected to grow at a CAGR of 1.30% during the forecast period of 2025-2034 to reach a value of USD 6.20 Billion by 2034. The market growth is attributed to rising innovation across cultivation and nutrition, with science-led advancements transforming traditional basmati rice into a more resilient, nutrient-rich, and sustainable staple for modern consumers.

Key Market Trends and Insights:

• The South India process automation market dominated the market in 2024 and is projected to grow at a CAGR of 1.4% over the forecast period.
• By type, parboiled basmati rice is expected to grow at a CAGR of 1.6% over the forecast period.
• By distribution channel, supermarkets and hypermarket is projected to witness a 1.7% CAGR over the forecast period.

Market Size & Forecast:

• Market Size in 2024: USD 5.45 Billion
• Projected Market Size in 2034: USD 6.20 Billion
• CAGR from 2025 to 2034: 1.30%
• Fastest-Growing Regional Market: South India

As the India basmati rice industry navigates rising food demand, climate pressures, and nutritional gaps, technology-led interventions are steering growth toward sustainability and inclusivity. For instance, in June 2025, Punjab-based Jindal Rice Mills launched Nourifyme, a fortified range of basmati rice and staples that blends traditional milling expertise with modern nutrition science. Supported by the Millers for Nutrition–Asia program, the initiative directly contributes to India’s mission to combat hidden hunger and enhance public health through fortified foods.

Around the same time, India’s agricultural innovation took a major leap forward. In May 2025, the Union Agriculture Minister announced the country’s first genome-edited rice varieties called DRR Rice 100 (Kamla) and Pusa DST Rice 1. These varieties were developed by ICAR using CRISPR-Cas technology. Additionally, these high-yield, drought-tolerant, and water-efficient varieties promise to boost productivity by 19% while reducing environmental stress.

Such advancements signify a shift, where nutrition and biotechnology converge to expand the India basmati rice market scope, ensuring the country’s leadership in sustainable agriculture and global food security.

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Rice Market Size 2023-2027

The rice market size is projected to increase by 85.65 million T, at a CAGR of 3.6% between 2022 and 2027.

Market growth in the rice industry is driven by several key factors. Firstly, increased consumption of rice as a staple food globally is a significant factor. Secondly, the diverse range of rice varieties available from producers caters to various consumer preferences and market demands. Thirdly, rising demand for rice flour from emerging markets, particularly in the food processing and cosmetics industries, is another crucial factor. These elements collectively fuel market growth, emphasizing rice's importance as a vital food source.
As consumption patterns evolve and dietary trends shift, producers are expected to continue innovating to meet diverse consumer preferences. Brown rice, in particular, is gaining popularity due to its health benefits and environmental sustainability. Producers must adapt to changing market dynamics to ensure continued growth and sustainability in the rice industry. This trend underscores the significance of brown rice as a crucial food source and the need for producers to stay competitive and responsive to market demands.

What will be the Size of the Rice Market During the Forecast Period?

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How is the Rice Market Segmented?

The rice market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'Million ton' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

Product Outlook 

  Long grain
  Medium grain
  Short grain


Distribution Channel Outlook 

  Offline
  Online


Region Outlook

  North America

    The U.S.
    Canada


  Europe

    The U.K.
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa


  South America

    Chile
    Brazil
    Argentina

By Product

The market share growth by the long-grain segment will be significant during the forecast period. Long-grain rice is slim and lengthy, having a length that is three to five times its width. This segment has a range of rice varieties such as basmati and jasmine.

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The long-grain segment was valued at 177.73 million T in 2017. Long-grain rice is widely produced and consumed across Asian countries. These countries are some of the largest consumers of rice in the world. Thus, the popularity of long-grain rice in leading rice-consuming countries in the world is driving the growth of the long-grain segment of the global market. Furthermore, long-grain rice is believed to be healthier than other rice varieties.
For instance, basmati rice is low in carbohydrates and cholesterol, making it suitable for consumption by people with chronic disorders such as diabetes, cardiac diseases, and obesity. Such health benefits of long-grain rice increase its popularity among consumers, which, in turn, will drive rice market growth during the forecast period.

By Distribution Channel

The offline distribution channel segment generates revenue from the sales of products through hypermarkets, supermarkets, department stores, and independent retailers. Retailers are introducing new business and retail strategies, for example, better pricing strategies and wider assortments, owing to the declining preference for offline shopping and the need to survive in a competitive market. As a part of the marketing and offline sales strategy, resellers place attractive displays that generate strong sales. companies push their offline sales by widening their store operations across locations.
Companies can increase sales and cater to each consumer category through expansions in large geographies. With the growth in retail channels in cities and regions, customers have access to different varieties of rice, such as brown rice, basmati rice, and jasmine rice. This is expected to increase the sales of rice through offline channels during the forecast period. 

By Region

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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.
Growing urbanization and ec

The global basmati rice market was valued at USD 10.82 Billion in 2024. The market is expected to grow at a CAGR of 5.00% during the forecast period of 2025-2034 to reach a value of USD 17.62 Billion by 2034. The market continues to witness stable growth, driven by expanding international demand, evolving dietary habits, and the premium positioning in global cuisines.

Basmati rice is increasingly featured in premium product portfolios and health-focused offerings due to its low glycemic index and gluten-free attributes. In August 2024, Crown Rice launched a “Diet Rice” variety low glycemic index basmati for health conscious consumers The growth of the global foodservice sector and rising consumption of ethnic cuisines have further supported its penetration in the HoReCa segment. Major exporters like India and Pakistan are focusing on expanding their footprint in new markets through aggressive branding and compliance with global quality standards.

Favorable trade policies, new market access agreements, and strategic partnerships with global retailers are contributing to expanded distribution in the basmati rice industry. In August 2024, KRBL launched its India Gate Basmati rice range on Tesco shelves in the United Kingdom, in collaboration with partner Golden Acre Foods. Innovations in packaging and storage, alongside a rising preference for organic and non-GMO variants, are influencing buying behavior in developed economies. As demand continues to shift from commoditized rice to high-value, aromatic variants, the market is well-positioned for robust growth.

The market is being propelled by increasing export volumes from India and Pakistan, rising demand from premium foodservice providers, and growing health awareness among consumers. As per the Agricultural and Processed Food Products Export Development Authority (APEDA), India exported over 4.5 million tons of basmati rice during FY 2024, with increasing traction in the United States, Saudi Arabia, and European Union. Investments in value-added processing and branding are further enhancing global consumption. The growing popularity of basmati rice in fusion and health-conscious diets also supports basmati rice market expansion.

The India Rice Seed Market Report is Segmented by Breeding Technology (Hybrids and Open Pollinated Varieties and Hybrid Derivatives) and State (Andhra Pradesh, Assam, Bihar, Chhattisgarh, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

In the 2025/2026 crop year, India produced about 151 million metric tons of milled rice, a higher volume than any other country. China came in second place with over 146 million metric tons of milled rice in that crop year. Milled rice After the rice is grown and harvested from rice paddies, it undergoes a process to prepare it for human consumption, known as milling. Milling removes the rice husk and bran layers, and the end product is the rice that can be found in your local grocery store or supermarket. The estimated total volume of milled rice produced worldwide reached over 532 million metric tons in the 2024/2025 crop year. Rice consumption worldwide The top rice consuming countries are China, India, and Bangladesh in that order. In 2024/2025, China’s rice consumption amounted to over 145 million metric tons. The per capita consumption of rice worldwide has remained remarkably stable since the year 2000, and amounted to about 53.9 kilograms per year in 2018/2019.

The Brown Rice Market will achieve a value of USD 9914.1 Million during 2025 and researchers anticipate it will expand to USD 19685.6 Million by 2035 at an annual growth rate of 7.1% throughout 2025 to 2035.

Attributes	Description
Estimated Industry Size (2025)	USD 9914.1 Million
Projected Industry Value (2035)	USD 19685.6 Million
Value-based CAGR (2025 to 2035)	7.1%

Country wise Insights

Countries	CAGR (2025 to 2035)
USA	5.8%
Germany	4.7%
India	7.3%

Category-wise Insight

Segment	Value Share (2025)
Sweet (Type)	85%

Segment	Value Share (2025)
Long Grain (Length)	65%

India Basmati Rice Market size valued at USD 501.95 billion in 2025, expected to grow at 1.2% CAGR, reaching USD 558.84 billion by 2034.

The Non-Basmati Rice Market report segments the industry into By Type (Brown Rice, White Rice), By Kernel Size (Long Grain Rice, Medium Grain Rice, Short Grain Rice), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels), and By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa).

Indian Rice Market size was valued at USD 58.6 Billion in 2024 and is projected to reach USD 89.4 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032. Key Market DriversGlobal Export Dominance and Agricultural Expansion: India maintains its leadership as the world's top rice exporter, supported by strategic government policies and increasing global demand. Agricultural land dedicated to rice cultivation expanded to 43.8 million hectares in 2023-2024, while government procurement reached 54.5 million metric tons. According to the Ministry of Agriculture and Farmers Welfare (2024), India accounted for 40% of global rice exports in 2023, exporting 21.4 million metric tons.Technological Modernization and Precision Agriculture: The Indian rice sector is undergoing a technological transformation, integrating precision farming and digital agriculture to enhance productivity and sustainability. Investment in agricultural technology reached USD 1.5 billion in 2023, with precision farming techniques expanding by 22%. As per NABARD (2024), digital agriculture platforms now support 8.7 million rice farmers across 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.

In 2025, paddy rice consumption in India rose sharply to 204M tons, growing by 5% against 2021 figures. The size of the paddy rice market in India amounted to $81.3B in 2025, increasing by 6.8% against the previous year.

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. .

The India Rice Seed Market size was valued at USD 341 Million in 2023 and is projected to reach USD 470 Million by 2032, exhibiting a CAGR of 4.70 % during the forecasts periods. Recent developments include: June 2021: Bioseed, a subsidiary of DCM Shriram, launched a Bio-Innovation Center through the IRRI (International Rice Research Institute) partnership. It is a new initiative focused on research products and innovations.September 2020: The International Rice Research Institute (IRRI) signed a partnership agreement with hybrid seed-producing company Bioseed to develop new hybrid seed varieties of rice.March 2020: Corteva Agriscience launched paddy seeds under the Brevant brand for rice farmers in India. These seeds are available through selected business collaborators in a few states.. Key drivers for this market are: Seed Treatment As A Solution To Enhance Yield, Growing Awareness For Seed Treatment Among The Farmers; Rising Trend Of Organic Farming. Potential restraints include: Limitations Across Farm-Level Seed Treatment, Rising Environmental Concerns. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Non-Basmati Rice Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 4.12 % during the forecasts periods. Recent developments include: In 2022, IBIS rice partnered with United Kingdom's retailers such as Planet Organic and Fodabox, to launch its organic jasmine rice. The launch will showcase its range of organic jasmine rice products with Cambodian flavours, from aromatic brown rice to puffed rice cakes infused with the country's famous Kampot black pepper., In 2022, Riviana Foods Inc., a subsidiary of Madrid, Spain-based Ebro Foods S.A., acquired the assets of InHarvest, Inc. for approximately $48.75 million. InHarvest specializes in the production, marketing and sale of premium specialty rice, quinoa and grains for the foodservice, industrial and retail sectors. The company's California operations are strategically located in the rice-growing area of the Western United States., In 2020, the state of Tripura in India launched bamboo rice, a special rice that is claimed to have high protein, anti-joint pain and anti-diabetic benefits.. Key drivers for this market are: Popularity of Convenient and On the Go Snacking Options, Product Differentiation Playing a Key Role in Market Expansion. Potential restraints include: Associated Health Risks, Easy Availability of Healthy Substitutes. Notable trends are: Trend of consuming whole-grain like brown rice among health consciousness consumers.

The Asia Pacific basmati rice market is being aided by the growing India basmati rice market, which has been witnessing a healthy growth. The India basmati rice market is expected to grow at a CAGR of 6.00% in the forecast period of 2025-2034.

USD 125.89 Million in 2024; projected USD 210.09 Million by 2033; CAGR 5.84%.

The global rice market size is projected to grow from USD 339.8 billion in 2025 to USD 432.1 billion by 2033, exhibiting a CAGR of 2.8%.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 323.5 Billion
Market Size in 2025	USD 339.8 Billion
Market Size in 2033	USD 432.1 Billion
CAGR	2.8% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Rice Length,By Type,By Product Type,By Application,By Distribution Channel,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

In 2024, the Indian rice market increased by 3.4% to $121.6B, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rice consumption peaked in 2024 and is expected to retain growth in the near future.