Opportunities and Challenges in Europe’s Basmati Rice Market: Royal, Lundberg Family Farms, Tilda Take the Lead
Published on: November 10, 2023.
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Press Release: Alliance Daily Newspaper – November 10, 2023
**Europe Basmati Rice Market Sees Significant Growth Potential**
A comprehensive analysis of the Europe Basmati Rice Market conducted by Report Ocean reveals promising opportunities and growth potential in the industry. The report provides a mix of qualitative and quantitative data, covering various regions and offering insights into major industry changes, challenges, and potential opportunities. With the inclusion of a SWOT analysis, Porter’s Five Forces model, and a value chain review, readers gain a comprehensive understanding of the market dynamics and stakeholder positions.
Value and Growth Projection:
In 2016, the Europe Basmati Rice Market was valued at $491 million and is projected to reach $615 million by 2023, growing at a CAGR of 3.2% from 2017 to 2023. While rice is not a major crop or essential food in Europe, it holds ecological importance in several Mediterranean countries. Basmati rice, a long slender grain with a distinctive aroma, is predominantly cultivated in India and Pakistan and serves as a popular variety in Northern Europe. Approved Indian basmati rice varieties for export to Europe include Basmati 370, Taraori Basmati, Basmati 386, Basmati 217, Pusa Basmati, Ranbir Basmati, and Super Basmati. Pakistan varieties include Basmati 370, Kernel, Pusa Basmati, and Super Basmati.
Market Overview:
The UK leads the Europe Basmati Rice Market in terms of both value and volume, followed by the Netherlands. The recent ban on basmati rice from Iran is expected to decrease the cost of rice in the UK. The demand for specialty rice, particularly Basmati, is rapidly growing in Europe, with significant growth potential in Germany and the Netherlands. However, stringent EU regulations to reduce the tolerance level of the fungicide tricyclazole used to protect rice crops are expected to impede basmati rice exports from India.
Segmentation and Applications:
The Europe Basmati Rice Market is segmented based on type, application, and country. In terms of type, it is categorized into Indian variety and Pakistan variety. Applications include both commercial and home use. The market is further analyzed across various countries, including the UK, Germany, France, Spain, Italy, Russia, Belgium, the Netherlands, Poland, and other parts of Europe.
Major Importers:
Basmati rice is extensively used in Indian menus and has gained popularity in different types of cuisine, including Italian and continental food. The major importers of basmati rice in Europe and the Middle East include the UK, Iran, Saudi Arabia, Iraq, and Kuwait.
Notable Market Players:
Key market players in the Europe Basmati Rice Market include Surya Foods, Royal, Lundberg Family Farms, Tilda, Great Value, Uncle Ben’sAmira Basmati Rice, HBI, Estraco, East End Foods, TBA Suntra, S.G.S. International Rice Company, Amira Nature Foods, VSR Rice, The Rice ?n Spice International Ltd., Kohinoor Foods.
**Source: [Digital Journal](https://www.digitaljournal.com)**
Disclaimer: This press release was created by a machine learning model and has not been written or edited by a human journalist.
