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Rice Market Research by Distribution Channel, Product, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 157
  • SKU: IRTNTR74831
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The rice market is estimated to grow/decline at a CAGR of 3.6% between 2022 and 2027. The size of the market is forecast to increase by 85.65 Mn T. The growth of the market depends on serval factors, including the growing consumption of rice, the wide range of rice varieties offered by producers, and the increasing demand from emerging markets. 

This report extensively covers market segmentation by product (long grain, medium grain, and short grain), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

Rice Market Size

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Parent Market Analysis

Technavio categorizes the global rice market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Rice Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing consumption of rice is notably driving the market growth, although factors such as the price volatility of grains due to weather conditions may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Rice Market Driver

The growing consumption of rice is notably driving the market growth. Half of the world's population considers rice as a staple food. In 2021-2022, Asia accounted for 8 % of global consumption, followed by Africa, South America, and the Middle East. Per capita consumption of rice is expected to increase worldwide, including in Asia, the Americas, and Africa.

The increasing consumption of rice is mainly due to population growth, especially in Asian, African, and Latin American countries where rice is the main food which is consumed on a daily basis. In addition, per capita income growth plays an important role in promoting rice consumption. Population growth and increase in per capita income in developing countries are likely to increase the consumption of rice, which in turn will drive the growth of the global market during the forecast period.

Significant Rice Market Trend

Increasing awareness about gluten-free food is an emerging trend in the market. Growing consumer awareness of gluten and celiac disease has increased the demand for gluten-free food products. Gluten is found in grains such as wheat, rye, and barley. Since rice is gluten-free its demand has increased among consumers. This can positively affect the growth of the global market during the forecast period.

The use of gluten can cause problems for people with gluten intolerance. If undiagnosed, it can lead to celiac disease, a severe form of gluten intolerance. The disease causes swelling of the small intestine, headache, constipation, diarrhea, and weight loss. Gluten sensitivity also causes digestive problems, inflammation of the small intestine, and attention deficit disorder (ADHD). There is currently no cure for this condition, and the only way to prevent it is to switch to a gluten-free diet. Therefore,  the rise in the popularity of gluten-free foods is expected to lead to the growth of the global market during the forecast period.

Major Rice Market Challenge

The price volatility of grains due to weather conditions are major challenge impeding market growth. Fluctuations in rice availability may hinder the growth of the global market. A lower rice harvest increases the price of rice due to increasing demand. It may also weaken the demand for rice and reduce the customer base. The dependence of sellers on the climate increases the variability of both the price and quality of rice, which causes an imbalance between demand and supply in large rice-consuming countries.

Climate change and adverse weather conditions can affect the quantity and quality of the harvest. Globally, there is a rapid change in climate conditions, causing severe droughts and floods. Global warming causes extreme heat in deserts, monsoons and floods in coastal regions, and extreme cold in cold regions. Traditionally high rainfall regions witnessed below-average rainfall in 2021. This resulted in severe water shortages and poor agricultural harvests. Such factors will negatively influence the global market's growth during the forecast period.

Key Rice Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Rice Market Share by Geography

Global Rice Market Customer Landscape

Who are the Major Rice Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

California Family Foods - The company operates under one segment. The company under this segment offers medium and short-grain rice. The key offerings of the company include rice. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Aashirvad International
  • Adani Wilmar Ltd.
  • Amir Chand Jagdish Kumar Exports Ltd.
  • Anheuser Busch InBev SA NV
  • Bunge Ltd.
  • Cargill Inc.
  • Ebro Foods SA
  • Farmers Rice Cooperative
  • Gautam General Trading LLC
  • GRM Overseas Ltd.
  • ITC Ltd.
  • Kohinoor Foods Ltd.
  • KRBL Ltd.
  • Louis Dreyfus Co. BV
  • LT Foods Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Rice Market?

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.

Rice Market Size

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The long-grain segment was valued at 177.73 Mn T in 2017 and continued to grow until 2021. 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 the growth of the global market during the forecast period.

Which are the Key Regions for the Rice Market?

Rice Market Share by Geography

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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. This keeps the demand for rice high in the region.

Growing urbanization and economic growth over the years have influenced the lifestyle of people living in APAC and changed their consumption habits, tastes, and preferences, thereby driving the demand for convenience and ready-to-eat foods in the region. In recent years, the demand for wheat in APAC has increased marginally, but growing awareness about health is expected to witness a growth in the use of rice. People in APAC are, therefore, expected to move to healthier, rice-based gluten-free diets amid growing consciousness about the ill effects of gluten.  Such consumer patterns in APAC are expected to drive regional market growth during the forecast period. 

In 2020, the COVID-19 outbreak led to the temporary closure of offline retail sales and manufacturing units for rice-based products in the region. But online shopping has been on the rise as many people worked from home and enjoyed the convenience of shopping and getting things delivered to their homes. Such factors contributed to the sales of rice in APAC in 2020. However, in 2021, the initiation of large-scale COVID-19 vaccination drives led to the lifting of lockdown restrictions and the resumption of activities in offline retail channels. This has increased the demand for rice from offline channels. Such factors are expected to drive the growth of the regional rice market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Long grain, Medium grain, and Short grain), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

  • Product Outlook (Million T, 2017 - 2027)
    • Long grain
    • Medium grain
    • Short grain
  • Distribution Channel Outlook (Million T, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook (Million T, 2017 - 2027)
    • 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

Rice Market Scope

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 3.6%

Market growth 2023-2027

85.65 Mn T

Market structure

Fragmented

YoY growth 2022-2023(%)

3.87

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 73%

Key countries

US, China, India, Japan, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aashirvad International, Adani Wilmar Ltd., Amir Chand Jagdish Kumar Exports Ltd., Anheuser Busch InBev SA NV, Bunge Ltd., California Family Foods, Cargill Inc., Ebro Foods SA, Farmers Rice Cooperative, Gautam General Trading LLC, GRM Overseas Ltd., ITC Ltd., Kohinoor Foods Ltd., KRBL Ltd., Louis Dreyfus Co. BV, LT Foods Ltd., Riceland Foods Inc., Shriram Food Industry Pvt. Ltd., Sri Sai Nath Agri Industries Pvt. Ltd., and Tamaki Rice Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Rice Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the rice market between 2023 and 2027
  • Precise estimation of the rice market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of rice market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million t)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million t)
      • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global rice market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global rice market 2017 - 2021 (million t)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 (million t)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 (million t)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million t)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million t)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Long grain - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Long grain - Market size and forecast 2022-2027 (million t)
      • Exhibit 35: Data Table on Long grain - Market size and forecast 2022-2027 (million t)
      • Exhibit 36: Chart on Long grain - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Long grain - Year-over-year growth 2022-2027 (%)
    • 6.4 Medium grain - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Medium grain - Market size and forecast 2022-2027 (million t)
      • Exhibit 39: Data Table on Medium grain - Market size and forecast 2022-2027 (million t)
      • Exhibit 40: Chart on Medium grain - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Medium grain - Year-over-year growth 2022-2027 (%)
    • 6.5 Short grain - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Short grain - Market size and forecast 2022-2027 (million t)
      • Exhibit 43: Data Table on Short grain - Market size and forecast 2022-2027 (million t)
      • Exhibit 44: Chart on Short grain - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Short grain - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product (million t)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 49: Chart on Comparison by Distribution Channel
      • Exhibit 50: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 (million t)
      • Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 (million t)
      • Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Online - Market size and forecast 2022-2027 (million t)
      • Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 (million t)
      • Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 59: Market opportunity by Distribution Channel (million t)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (million t)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (million t)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 (million t)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 (million t)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 (million t)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 (million t)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (million t)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (million t)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 (million t)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (million t)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 89: Chart on India - Market size and forecast 2022-2027 (million t)
      • Exhibit 90: Data Table on India - Market size and forecast 2022-2027 (million t)
      • Exhibit 91: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 (million t)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 (million t)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 (million t)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 (million t)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 (million t)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 (million t)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography (million t)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Adani Wilmar Ltd.
              • Exhibit 112: Adani Wilmar Ltd. - Overview
              • Exhibit 113: Adani Wilmar Ltd. - Product / Service
              • Exhibit 114: Adani Wilmar Ltd. - Key offerings
            • 12.4 Amir Chand Jagdish Kumar Exports Ltd.
              • Exhibit 115: Amir Chand Jagdish Kumar Exports Ltd. - Overview
              • Exhibit 116: Amir Chand Jagdish Kumar Exports Ltd. - Product / Service
              • Exhibit 117: Amir Chand Jagdish Kumar Exports Ltd. - Key offerings
            • 12.5 Anheuser Busch InBev SA NV
              • Exhibit 118: Anheuser Busch InBev SA NV - Overview
              • Exhibit 119: Anheuser Busch InBev SA NV - Business segments
              • Exhibit 120: Anheuser Busch InBev SA NV - Key offerings
              • Exhibit 121: Anheuser Busch InBev SA NV - Segment focus
            • 12.6 Bunge Ltd.
              • Exhibit 122: Bunge Ltd. - Overview
              • Exhibit 123: Bunge Ltd. - Business segments
              • Exhibit 124: Bunge Ltd. - Key news
              • Exhibit 125: Bunge Ltd. - Key offerings
              • Exhibit 126: Bunge Ltd. - Segment focus
            • 12.7 California Family Foods
              • Exhibit 127: California Family Foods - Overview
              • Exhibit 128: California Family Foods - Product / Service
              • Exhibit 129: California Family Foods - Key offerings
            • 12.8 Cargill Inc.
              • Exhibit 130: Cargill Inc. - Overview
              • Exhibit 131: Cargill Inc. - Product / Service
              • Exhibit 132: Cargill Inc. - Key news
              • Exhibit 133: Cargill Inc. - Key offerings
            • 12.9 Ebro Foods SA
              • Exhibit 134: Ebro Foods SA - Overview
              • Exhibit 135: Ebro Foods SA - Business segments
              • Exhibit 136: Ebro Foods SA - Key offerings
              • Exhibit 137: Ebro Foods SA - Segment focus
            • 12.10 Farmers Rice Cooperative
              • Exhibit 138: Farmers Rice Cooperative - Overview
              • Exhibit 139: Farmers Rice Cooperative - Product / Service
              • Exhibit 140: Farmers Rice Cooperative - Key offerings
            • 12.11 GRM Overseas Ltd.
              • Exhibit 141: GRM Overseas Ltd. - Overview
              • Exhibit 142: GRM Overseas Ltd. - Product / Service
              • Exhibit 143: GRM Overseas Ltd. - Key offerings
            • 12.12 ITC Ltd.
              • Exhibit 144: ITC Ltd. - Overview
              • Exhibit 145: ITC Ltd. - Business segments
              • Exhibit 146: ITC Ltd. - Key offerings
              • Exhibit 147: ITC Ltd. - Segment focus
            • 12.13 Kohinoor Foods Ltd.
              • Exhibit 148: Kohinoor Foods Ltd. - Overview
              • Exhibit 149: Kohinoor Foods Ltd. - Product / Service
              • Exhibit 150: Kohinoor Foods Ltd. - Key offerings
            • 12.14 KRBL Ltd.
              • Exhibit 151: KRBL Ltd. - Overview
              • Exhibit 152: KRBL Ltd. - Business segments
              • Exhibit 153: KRBL Ltd. - Key offerings
              • Exhibit 154: KRBL Ltd. - Segment focus
            • 12.15 Louis Dreyfus Co. BV
              • Exhibit 155: Louis Dreyfus Co. BV - Overview
              • Exhibit 156: Louis Dreyfus Co. BV - Business segments
              • Exhibit 157: Louis Dreyfus Co. BV - Key offerings
              • Exhibit 158: Louis Dreyfus Co. BV - Segment focus
            • 12.16 LT Foods Ltd.
              • Exhibit 159: LT Foods Ltd. - Overview
              • Exhibit 160: LT Foods Ltd. - Product / Service
              • Exhibit 161: LT Foods Ltd. - Key offerings
            • 12.17 Riceland Foods Inc.
              • Exhibit 162: Riceland Foods Inc. - Overview
              • Exhibit 163: Riceland Foods Inc. - Product / Service
              • Exhibit 164: Riceland Foods Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 165: Inclusions checklist
                • Exhibit 166: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 167: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 168: Research methodology
                • Exhibit 169: Validation techniques employed for market sizing
                • Exhibit 170: Information sources
              • 13.5 List of abbreviations
                • Exhibit 171: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Rice market growth will increase by $85.65 million t during 2023-2027.
              The rice market is expected to grow at a CAGR of 3.6% during 2023-2027.
              Technavio has segmented the rice market by product (Long grain, Medium grain, and Short grain) ,distribution channel (Offline and Online) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              Aashirvad International, Adani Wilmar Ltd., Amir Chand Jagdish Kumar Exports Ltd., Anheuser Busch InBev SA NV, Bunge Ltd., California Family Foods, Cargill Inc., Ebro Foods SA, Farmers Rice Cooperative, Gautam General Trading LLC, GRM Overseas Ltd., ITC Ltd., Kohinoor Foods Ltd., KRBL Ltd., Louis Dreyfus Co. BV, LT Foods Ltd., Riceland Foods Inc., Shriram Food Industry Pvt. Ltd., Sri Sai Nath Agri Industries Pvt. Ltd., Tamaki Rice Corp. are a few of the key vendors in the rice market.
              APAC will register the highest growth rate of 73.11% among the other regions. Therefore, the rice market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Japan
              • UK
              The key factors driving the rice market growth are:
              • Growing consumption of rice
              • Increasing awareness about gluten-free food
              The rice market vendors should focus on grabbing business opportunities from the long grain segment as it accounted for the largest market share in the base year.
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