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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Basmati Rice Market: By Species, By Product Type, By Application, By Distribution Channel, and Geography
Basmati Rice Market: By Species, By Product Type, By Application, By Distribution Channel, and Geography
Basmati Rice Market size was valued at US$ XX Mn in 2023 and is expected to grow at a 10.5% Compound Annual Growth Rate (CAGR) from 2024 to 2030. Basmati rice is a slender-grained rice with aroma caused by the aroma compound 2-acetyl-1-pyrroline. It naturally contains an aromatic chemical compound, which is 12 times more than that of the non-basmati rice variants. Its aroma gives a distinctive flavor and fragrance to the rice.
Study Period
2024-2030Base Year
2023CAGR
10.5%Largest Market
EuropeFastest Growing Market
Asia-Pacific
Soaring demand of the basmati rice is the key factor anticipating the growth of the basmati rice market. The urge of the staple food and rise in the production of the local basmati rice is adding a scope for the growth of the market. The affordability of the consumers and availability of the rice at various price range is enhancing the growth of the basmati rice market. Owing to its superior taste and aroma, basmati rice is gaining popularity all across the globe which is boosting the growth of the market. However, the stringent government regulations are hampering the growth of the basmati rice market.
Geographically, global basmati rice market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific basmati rice market to keep the top spot in global basmati rice market owing to the higher agriculture practice. Because of the origin of basmati rice from the Indian subcontinent, Asia is centered for the higher consumption. India holds a prime position in the exports of basmati rice overseas. Europe falls in the next position in the basmati rice market. The demand for basmati rice accounted more in the regions of Germany and the Netherlands. Iran was the leading importer of basmati rice from India until it has imposed a ban on the import. The ban on the import of the basmati rice is providing opportunity in European countries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
10.5% |
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By Species |
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By Product Type |
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By Application |
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By Distribution Channel |
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2023 is the base year and 2030 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.