Global Rice Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Rice Length;
Long Grain, Medium Grain, and Short Grain.By Type;
Arborio Rice, Black Rice, Jasmine Rice, Brown Rice, Rosematta Rice, Red Cargo Rice, Parboiled Rice, Sushi Rice, and Others.By Distribution Channel;
Retail Stores, Specialty Store, Department Store, Super Market, Hypermarket, and E Commerce.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Rice Market (USD Million), 2021 - 2031
In the year 2024, the Global Rice Market was valued at USD 290,559.80 million. The size of this market is expected to increase to USD 335,828.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.1%.
The surge in demand for specialty rice varieties has propelled the trade for long-grain rice, contributing significantly to market expansion. Furthermore, the evolving lifestyles and dietary habits of consumers are driving the fast-food industry, thereby expected to fuel substantial growth in the market during the forecast period. Additionally, the growing global population, coupled with rising disposable incomes, anticipates further market growth.
Producers are diversifying their offerings to include a wide array of rice products, such as jasmine, basmati, white, brown, and wild rice, among others. However, rice is considered a strategic commodity and subject to government control in various countries due to its status as a staple food in numerous developed and developing economies. Moreover, the increasing demand for high-quality rice from European and Gulf countries is further accelerating market growth.
Despite the challenges posed by the COVID-19 pandemic, the rice industry has remained relatively resilient compared to other sectors. The heightened demand for cereal grains worldwide is driving market expansion, with the rising post-pandemic demand for fast and packaged food presenting opportunities for market players. Consequently, the market is poised to experience a healthy growth rate in the coming years.
Global Rice Market Recent Developments
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In July 2021, a supplier launched eco-friendly rice bran wax variants for candle and packaging applications.
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In November 2023, a cosmetics brand incorporated rice bran wax into its product line, emphasizing sustainability and natural ingredients.
Segment Analysis
The Global Rice Market is experiencing robust growth, driven by increasing demand for various rice varieties, including long grain, medium grain, and short grain. Each rice variety offers distinct characteristics and is favored for different culinary applications, contributing to their individual market growth. Long grain rice, known for its slender grains that remain separate and fluffy when cooked, is popular in many cuisines worldwide and is often used in dishes such as pilafs, stir-fries, and salads. Its versatility and appealing texture make it a staple choice for consumers seeking flavorful and aromatic rice options.
Similarly, medium grain rice, with grains that are slightly shorter and plumper than long grain rice, is favored for its ability to absorb flavors well, making it ideal for dishes like risotto, paella, and sushi. Its sticky texture when cooked adds a creamy consistency to dishes, further enhancing its appeal in various cuisines. Additionally, short grain rice, characterized by its short and plump grains, is commonly used in dishes that require a sticky or creamy texture, such as sushi, rice pudding, and rice cakes. The growing popularity of ethnic cuisines, increasing consumption of rice-based convenience foods, and rising global population contribute to the continued growth of the Global Rice Market across all three varieties.
The segmentation by Rice Length distinguishes between long grain, medium grain, and short grain rice varieties, each offering distinct characteristics and culinary applications. This segmentation allows for a detailed examination of consumer preferences and regional demand patterns for different rice types.Secondly, the market is segmented by Type, encompassing variations such as white rice, brown rice, basmati rice, jasmine rice, and others. Each rice type caters to specific consumer preferences, dietary requirements, and cultural traditions, contributing to the diverse offerings within the rice market. Additionally, the segmentation by Distribution Channel includes retail stores, online platforms, supermarkets/hypermarkets, and others, providing insights into the various channels through which rice products are made available to consumers worldwide.
Global Rice Segment Analysis
In this report, the Global Rice Market has been segmented by Rice Length, Type, Distribution Channel and Geography.
Global Rice Market, Segmentation by Rice Length
The Global Rice Market has been segmented by Rice Length into Long grain, Medium grain and Short grain.
Long grain rice, known for its slender grains that remain separate and fluffy when cooked, is favored in many cuisines worldwide for dishes such as pilafs, stir-fries, and salads. Its versatility and appealing texture make it a staple choice for consumers seeking flavorful and aromatic rice options.
Similarly, medium grain rice, with grains that are slightly shorter and plumper than long grain rice, is favored for its ability to absorb flavors well, making it ideal for dishes like risotto, paella, and sushi. Its sticky texture when cooked adds a creamy consistency to dishes, further enhancing its appeal in various cuisines. Additionally, short grain rice, characterized by its short and plump grains, is commonly used in dishes that require a sticky or creamy texture, such as sushi, rice pudding, and rice cakes. The segmentation by rice length provides valuable insights into consumer preferences and regional demand patterns, enabling stakeholders to tailor their offerings and strategies accordingly to capitalize on the diverse opportunities within the Global Rice Market.
Global Rice Market, Segmentation by Type
The Global Rice Market has been segmented by Type into Arborio rice, Black rice, Jasmine rice, Brown rice, Rosematta rice, Red cargo rice, Parboiled rice, Sushi rice and Others.
Additionally, the market includes brown rice, valued for its nutty taste and higher nutritional content compared to white rice, as it retains its bran and germ layers. Rosematta rice, a traditional South Indian rice variety, is known for its distinct red color and slightly earthy flavor, often used in traditional Indian cooking. Red cargo rice, characterized by its deep red hue and chewy texture, is popular in Asian cuisines, particularly Thai and Malaysian dishes. Parboiled rice undergoes a steam-pressure process before milling, resulting in grains that are firmer and less sticky when cooked, making it a preferred choice for certain recipes.
Sushi rice is a short-grain variety specifically cultivated for making sushi and other Japanese rice dishes, prized for its sticky texture and ability to hold together well. The "Others" category encompasses a wide range of rice varieties, offering further diversity and options for consumers with specific preferences or culinary requirements. This segmentation provides valuable insights into the global rice market, enabling stakeholders to identify emerging trends, capitalize on market opportunities, and meet the diverse needs of consumers worldwide.
Global Rice Market, Segmentation by Distribution Channel
The Global Rice Market has been segmented by Distribution Channel into Retail stores, Specialty store, Department store, Super market, Hypermarket and E commerce.
Department stores also play a role in rice distribution, often offering a wide range of food products alongside other household items. Supermarkets and hypermarkets are major players in the rice market, providing a diverse selection of rice products to cater to the varying needs and preferences of consumers. Their extensive shelf space and promotional activities contribute to increased visibility and sales of rice products.
Additionally, the growing prevalence of e-commerce platforms has revolutionized the rice market, offering consumers the convenience of purchasing rice products online from the comfort of their homes. E-commerce platforms provide a wide range of rice varieties, competitive pricing, and doorstep delivery services, catering to the evolving shopping habits and preferences of modern consumers. This segmentation by distribution channel provides valuable insights into the diverse retail landscape of the Global Rice Market, enabling stakeholders to optimize their distribution strategies and reach target consumers effectively.
Global Rice Market, Segmentation by Geography
In this report, the Global Rice Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Rice Market Share (%), by Geographical Region, 2024
North America and Europe, as mature markets, have well-established rice industries, with consumers exhibiting varied preferences for different rice varieties and preparations. The Asian Pacific region holds the largest share in the Global Rice Market, driven by the widespread consumption of rice as a staple food in countries such as China, India, Japan, and Thailand. Rice plays a crucial role in the culinary traditions and dietary habits of these regions, contributing to sustained demand and market growth.
In contrast, the Middle East and Africa, along with Latin America, represent emerging markets with significant growth potential. These regions are experiencing rapid urbanization, population growth, and changing consumer lifestyles, leading to increased demand for rice products. By segmenting the market by geography, this report provides valuable insights into regional market trends, consumer behavior, and regulatory landscapes, enabling stakeholders to identify growth opportunities and formulate effective strategies to capitalize on the diverse demand patterns within the Global Rice Market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Rice Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Population
- Urbanization and Changing Lifestyles
- Shifting Dietary Habits
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Flourishing Food and Restaurant Sector - The Global Rice Market is experiencing significant growth, buoyed by the flourishing food and restaurant sector worldwide. Rice is a staple ingredient in numerous cuisines globally, making it a fundamental component of the foodservice industry's offerings. The rising popularity of Asian, Middle Eastern, and Latin American cuisines, among others, has led to increased demand for rice-based dishes in restaurants, cafes, and food outlets. From sushi and stir-fries to biryanis and paellas, rice serves as a versatile and essential ingredient in a wide array of culinary creations, driving its consumption and market expansion.
Moreover, the proliferation of fast-food chains, casual dining establishments, and ethnic eateries has further propelled the demand for rice products. These establishments often feature rice-based dishes as part of their menus, catering to diverse consumer preferences and culinary trends. Additionally, the growing trend of international food fusion and the increasing consumer interest in healthier dining options have contributed to the rising prominence of rice-based dishes in the food and restaurant sector. As the foodservice industry continues to evolve and innovate, the Global Rice Market is poised to benefit from the sustained demand from this flourishing sector, driving further growth and opportunities for rice producers and suppliers worldwide.
Restraints :
- Climate Change
- Water Scarcity
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Soil Degradation - Soil degradation poses a significant challenge to the Global Rice Market, threatening the sustainability and productivity of rice cultivation worldwide. Soil degradation refers to the deterioration of soil quality and fertility due to various factors such as erosion, nutrient depletion, salinization, and chemical pollution. In rice cultivation, soil degradation can lead to reduced yields, lower crop quality, and increased vulnerability to pests and diseases, ultimately impacting the livelihoods of millions of farmers and food security for populations reliant on rice as a staple food.
Erosion, caused by factors like deforestation, improper land management practices, and climate change-induced extreme weather events, can result in the loss of topsoil and soil fertility essential for rice cultivation. Nutrient depletion, a common consequence of intensive monoculture and poor agricultural practices, further exacerbates soil degradation, leading to diminished crop yields and increased dependence on chemical fertilizers. Addressing soil degradation in the Global Rice Market requires holistic approaches that promote sustainable soil management practices, such as conservation tillage, crop rotation, cover cropping, and agroforestry, to restore soil health, preserve ecosystem integrity, and ensure the long-term viability of rice production.
Opportunities :
- Sustainable Practices
- Focus on Specialty Rice
- Value-Added Products
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E-commerce Growth - The Global Rice Market is witnessing significant growth in the e-commerce segment, driven by changing consumer preferences, technological advancements, and the increasing popularity of online shopping platforms. E-commerce platforms offer consumers convenient access to a wide variety of rice products, enabling them to browse, compare prices, and make purchases from the comfort of their homes. This convenience factor has led to a surge in online rice sales, particularly among busy urban consumers seeking time-saving shopping solutions.
Moreover, the COVID-19 pandemic has accelerated the adoption of e-commerce channels for rice purchases, as lockdowns and social distancing measures prompted consumers to shift towards online shopping for essential food items. The pandemic highlighted the importance of reliable and convenient e-commerce platforms for accessing staple foods like rice, driving further growth in online rice sales. As e-commerce platforms continue to enhance their user experience, expand their product offerings, and improve delivery logistics, the Global Rice Market is expected to witness sustained growth in the e-commerce segment, catering to the evolving needs and preferences of modern consumers.
Competitive Landscape Analysis
Key players in Global Rice Market include
- Riceland foods Inc
- K. Rice Mill
- Ash Co., Ltd
- KRBL Limited
- A.P Foods Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Rice Length
- Market Snapshot, By Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Rice Market
- Drivers, Restraints and Opportunities
- Drivers
- Rising Population
- Urbanization and Changing Lifestyles
- Shifting Dietary Habits
- Flourishing Food and Restaurant Sector
- Restraints
- Climate Change
- Water Scarcity
- Soil Degradation
- Opportunities
- Sustainable Practices
- Focus on Specialty Rice
- Value-Added Products
- E-commerce Growth
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Rice Market, By Rice Length, 2021 - 2031 (USD Million)
- Segment Trends
- Long grain
- Medium grain
- Short grain
- Segment Trends
- Global Rice Market, By Type, 2021 - 2031 (USD Million)
- Arborio rice
- Black rice
- Jasmine rice
- Brown rice
- Rosematta rice
- Red cargo rice
- Parboiled rice
- Sushi rice
- Others
- Global Rice Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Retail stores
- Specialty store
- Department store
- Super market
- Hypermarket
- E commerce
- Global Rice Market, By Geography, 2021 - 2031(USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Rice Market, By Rice Length, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Riceland foods Inc
- K. Rice Mill and Ash Co., Ltd
- KRBL Limited
- A.P Foods Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market