Forecast Report: Asia Pacific Basmati Rice Market Size, Share 2032
Published on: January 9, 2024.
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Asia Pacific Basmati Rice Market Poised for Significant Growth by 2032, Reports Expert Market Research
Published: January 4, 2024
According to a report by Expert Market Research (EMR), the Asia Pacific basmati rice market is set to experience substantial growth in the coming years. The market’s expansion is largely driven by the growth of the Indian basmati rice market, which is projected to grow at a CAGR of 6% between 2024 and 2032. This growth is supported by increasing global demand for basmati rice and its esteemed status in international cuisines, especially in Middle Eastern and Western cuisines.
Unique Characteristics of Basmati Rice
Basmati rice, known for its unique fragrance and delicate, fluffy texture, is a long-grain, aromatic rice traditionally grown in the Indian subcontinent, particularly in India and Pakistan. It has gained immense popularity worldwide and is a staple in South Asian cuisine.
To provide a healthier alternative, basmati rice is being recognized for its nutritional value. It is a rich source of carbohydrates and essential amino acids. This aspect is particularly appealing to health-conscious consumers, contributing to the market growth.
Key Factors Driving Market Growth
- Rising global demand for basmati rice
- Increase in basmati rice consumption among the expatriate population from the Indian subcontinent
- Recognition of basmati rice’s health benefits
- Aided by the export market, with India and Pakistan being the primary exporters
- Presence of key players constantly innovating and improving product quality, branding, and marketing strategies
- Strategic partnerships and expansions to enhance distribution networks and enter new markets
Asia Pacific Basmati Rice Market Segmentation
The market can be segmented based on the type of rice, end use, and country.
Type of Rice:
- Parboiled
- Raw
End Use:
- Retail
- Institutional
Country:
- China
- India
- Australia
- Pakistan
- Others
Leading Companies in the Asia Pacific Basmati Rice Market
The market is composed of both large and small players, with key players such as KRBL Limited, LT Foods, and Amira Nature Foods Ltd leading the market. These companies are continuously innovating and focusing on quality improvement, branding, and marketing strategies to expand their global footprint.
For more information on the Asia Pacific basmati rice market, please visit:
Asia Pacific Basmati Rice Market Report
About Expert Market Research
Expert Market Research provides comprehensive market research reports to help organizations gain critical industry insights. Their reports aim to equip decision-makers with an in-depth understanding of market trends, competitive landscapes, and growth opportunities. By investing in their market research reports, organizations can make informed and strategic decisions to ensure their success in today’s competitive market.
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