Rice Market Report Scope & Overview:

The Rice Market Size was valued at USD 296.7 billion in 2022 and is expected to reach USD 361.5 billion by 2030 and grow at a CAGR of 2.5% over the forecast period 2023-2030.

The seed of the grass Oryza glaberrimaor Oryza Sativa is known as rice. Rice is a cereal grain, which is a staple food of the greater part of the number of inhabitants on the planet. What's more, it is considered the second most significant grain crop on the planet. Yearly, the worldwide creation of rice is around 700 million tons. China, India, and Vietnam are among the biggest makers of rice. The area of reaping rice in China is lower than India's rice collecting region. Be that as it may, as just not exactly 50% of India's rice region gets flooded, China represents a more prominent rice creation.

Rice Market Revenue 2030

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Rice is accessible in various assortments and types with fluctuated divisions. Each sort of rice has its special properties, taste, and surface, working distinctively with different cooking recipes. The U.S. alone economically creates around 20 distinct assortments of rice. Scarcely any one-of-a-kind assortments of rice have a place with the sweet-smelling class, for example, jasmine rice and basmati rice are broadly imported from India, Thailand, and Pakistan.

The plant of rice takes around three to a half years of structure germination to develop, which relies on the assortment of rice and the climate in which it is developed. Rice is significantly drunk in the wake of cooking in water, while rice wafers, rice pieces, puffed rice, and canned rice are a few different types of rice utilization. A few different ventures, for example, starch and preparing enterprises likewise use rice. The results of rice left after processing, that is to say, rice husk and wheat, are utilized as poultry and cow feed. The Rice market is supposed to see significant development during the figure time frame, inferable from the steadily developing utilization of rice.

Market Dynamics:

Driving Factors:

  • Development of the inexpensive food industry and cafés.

  • Fast development in the populace.

Restraining Factors:

  • Absence of irrigational offices in many emerging nations.


  • The interest for explicit assortments of rice, for example, fragrant rice and great long-grain rice.


  • Purchasers have diminished the utilization of rice, as the day-to-day utilization of white rice in abundance might build the gamble of type 2 diabetes and weight.

Impact of Covid-19:

The COVID-19 pandemic has disturbed the worldwide economy by ending the tasks of the rice industry. Rice is a staple food diet in numerous nations and is devoured day to day by the larger part of the worldwide populace. In addition, remain-at-home requests have expanded the interest in rice in households. Although the lockdown has been forced around the world, the interest in rice in the business area has declined, as individuals are trying not to feast out. Market players can't satisfy the need of clients in the ongoing pandemic situation. Farmers are dealing with issues to supply the reaped rice because of the strategic slowdown. Disruption of the production network, stop in the commodity import exercises, and loss of work is the serious issues looked at by the worldwide rice market.

Market Estimations:

Buyers are leaning toward the disconnected channel for the acquisition of customer merchandise, food, as well as food items like grains, where they can truly confirm item quality. Disconnected channels are supposed to stay predominant in the estimated period because of further developed appropriation networks across the globe. The web entrance rate has seen rewarding development lately, which has in this way prompted critical interest in the online business area. A few providers of the item are offering it on their sites as well as on web-based business stages, which is projected to drive market development during the figure time frame.

The long-grain fragment contributed the biggest income share. The rising notoriety of specialty rice like jasmine and basmati across the globe is driving the market development. The medium-grain section is supposed to progress at the quickest development rate. Rice is a helpful type of nutritious and quality food that is made accessible to buyers through retail channels, which is driving the development of the market. Also, the developing prominence and interest in cheap food, combined with the rising discretionary cash flow of purchasers, are critical variables for market development.

Key Market Segmentation:

By Type:         

  • Arborio Rice

  • Rosematta Rice

  • Red cargo Rice

  • Parboiled Rice

  • Sushi Rice

  • Wild Rice

  • Glutinous Rice

  • Others

By Color:        

  • White Rice

  • Brown Rice

  • Red Rice

  • Black Rice

By Length:     

  • Long Grain Rice

  • Medium Grain Rice

  • Short Grain Rice

By Aroma:      

  • Basmati Rice

  • Jasmine Rice

By Application:         

  • Residential

  • Commercial

By Distribution Channel:      

  • Online Retail

  • Retail stores

  • Specialty store

  • Department store

  • Supermarket

  • Hypermarket

  • Others

Rice Market Segment Pie Chart

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Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

The Asia Pacific made the biggest commitment to the worldwide rice market. China, India, Indonesia, and Bangladesh have a colossal populace base for the utilization of food items, as would be considered normal to drive the local interest further. North America is the quickest developing territorial market for rice. The rising interest in fragrant and specialty rice in the U.S. is pushing the development of the market. Also, the rising utilization of cheap food items in the U.S. what's more, Canada because of the presence of high nourishment, and high fiber in grain items are projected to drive market development.

Key Players:

The Major Players are Riceland Foods Inc., LT Foods Ltd., Ebro Foods, V.A.P Foods Ltd, McCormick & Company, KRBL Ltd, ITC, Rice Select, Planet Rice, ConAgra Foods, Inc. & Other Players.

Riceland Foods Inc-Company Financial Analysis

Company Landscape Analysis


  • As farmers look for higher yields and less water, genetic rice trials are underway in the Riverina.
  • With a new market in Lebanon, Guyana exported almost $200 million of rice in 2022.
Rice Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 296.7 Billion
Market Size by 2030 US$ 361.5 Billion
CAGR CAGR 2.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Arborio Rice, Rosematta Rice, Red cargo Rice, Parboiled Rice, Sushi Rice, Wild Rice, Glutinous Rice, and Others)
• by Color (White Rice, Brown Rice, Red Rice, and Black Rice)
• by Length (Long Grain Rice, Medium Grain Rice, and Short Grain Rice)
• by Aroma (Basmati Rice and Jasmine Rice)
• by Application (Residential and Commercial)
• by Distribution Channel (Online Retail, Retail stores, Specialty store, Department store, Supermarket, Hypermarket, and Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Riceland Foods Inc., LT Foods Ltd., Ebro Foods, V.A.P Foods Ltd, McCormick & Company, KRBL Ltd, ITC, Rice Select, Planet Rice, ConAgra Foods, Inc.
Key Drivers •Development of the inexpensive food industry and cafés.
•Fast development in the populace.
Market Challenges: •Purchasers have diminished the utilization of rice, as the day-to-day utilization of white rice in abundance might build the gamble of type 2 diabetes and weight.

Frequently Asked Questions

Ans: The Rice Market size was USD 296.7 billion in 2022 and is expected to Reach USD 361.5 billion by 2030.

Ans:  The Rice Market is expected to grow at a CAGR of 2.5 % over the forecast period 2023-2030.

Ans: Development of the inexpensive food industry and cafés is driving the rice market.

Ans: Absence of irrigational offices in many emerging nations is a major concern.

Ans: The Asia Pacific region held the largest market share and is dominating the market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Rice Market segmentation, by Type:       

8.1 Arborio Rice

8.2 Rosematta Rice

8.3 Red cargo Rice

8.4 Parboiled Rice

8.5 Sushi Rice

8.6 Wild Rice

8.7 Glutinous Rice

8.8 Others

9.  Global Rice Market segmentation, by Color      

9.1 White Rice

9.2 Brown Rice

9.3 Red Rice

9.4 Black Rice

10.  Global Rice Market segmentation, by Length  

10.1 Long Grain Rice

10.2 Medium Grain Rice

10.3 Short Grain Rice

11.  Global Rice Market segmentation, by Aroma

11.1 Basmati Rice

11.2 Jasmine Rice

12.  Global Rice Market segmentation, by Application      

12.1 Residential

12.2 Commercial

13.  Global Rice Market segmentation, by Distribution Channel

13.1 Online Retail

13.2 Retail stores

13.3 Specialty store

13.4 Department store

13.5 Supermarket

13.6 Hypermarket

13.7 Others

14. Global Rice Market, by region/ country

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Germany

14.3.2 UK

14.3.3 France

14.3.4 Italy

14.3.5 Spain

14.3.6 The Netherlands

14.3.7 Rest of Europe

14.4 Asia-Pacific

14.4.1 Japan

14.4.2 South Korea

14.4.3 China

14.4.4 India

14.4.5 Australia

14.4.6 Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1 Israel

14.5.2 UAE

14.5.3 South Africa

14.5.4 Rest

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Rest of Latin America

15. Company profiles

15.1 Riceland Foods Inc.

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 Swot Analysis

15.1.4 The SNS View

15.2 LT Foods Ltd.

15.3 Ebro Foods

15.4 V.A.P Foods Ltd

15.5 McCormick & Company

15.6 KRBL Ltd

15.7 ITC

15.8 Rice Select

15.9 Planet Rice

15.10 ConAgra Foods, Inc

16. Competitive Landscape

16.1 Competitive Bench Marking

16.2 Market Share Analysis

16.3 Recent Developments

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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