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Basmati Rice Market Share, Size, Trends, Growth, Outlook, Report and Forecast Period of 2024-2032

The global basmati rice market is projected to grow at a CAGR of 2.0% between 2024 and 2032, according to a new report by Expert Market Research. This growth is driven by the global demand for premium long-grain rice and the versatile applications of Basmati rice in various culinary traditions. By 2032, the market is expected to experience significant growth.

Why Basmati Rice?

Basmati rice, known for its aromatic fragrance, slender grains, and delicious taste, originates from the Indian subcontinent. It is a staple in many dishes, particularly in South Asian, Middle Eastern, and Persian cuisines. Apart from its culinary appeal, Basmati rice is also rich in essential amino acids and folic acids, making it a healthy choice for health-conscious consumers.

The growing preference for diverse culinary experiences has fueled the demand for Basmati rice worldwide. It is widely used in quintessential dishes such as biryani, pulao, and kabsa, not only in its native regions but also across the globe. As international travel and culinary tourism thrive, the global appetite for Basmati rice continues to grow.

Furthermore, the rising health and wellness trend has further boosted the demand for Basmati rice. It has a low to medium glycemic index, making it favorable for diabetes management. Additionally, Basmati rice is gluten-free, catering to the increasing number of consumers with gluten intolerances or those opting for gluten-free diets.

Trade Dynamics and Market Growth

Trade dynamics play a significant role in the trajectory of the Basmati rice market. India and Pakistan, as primary producers and exporters, have established strong trade relations with countries in the Middle East, Europe, and North America. The strategic positioning of these nations, coupled with stringent quality standards and branding initiatives, has contributed to the growth of the basmati rice market.

Technological advancements in agricultural practices, along with international collaboration on trade regulations, present a promising future for the Basmati rice market. Sustainable farming practices, water conservation techniques, and high-yield seeds are expected to stabilize production rates and ensure a consistent market supply.

Moreover, the expansion of organized retail, e-commerce platforms, and direct-to-consumer channels is set to revolutionize the distribution dynamics of Basmati rice. These platforms provide easy access to global consumers and a platform for producers to showcase the authenticity and quality of their products, thereby driving the demand for Basmati rice.

Market Segmentation

The Basmati rice market can be divided based on type, nature, country of origin, end user, distribution channel, and region.

Type:

• Parboiled
• Raw

Nature:

• White
• Brown
• Others

Country of Origin:

• India
• Pakistan
• Others

End User:

• Retail
• HoReCa and Institutional

Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Store
• Specialty Store
• Others

Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The expert market research report delves into the market shares, plant turnarounds, capacities, investments, acquisitions, and other significant developments of the leading companies in the global basmati rice market. Key players in the market include KRBL Limited, Kohinoor Foods Limited, Adani Wilmar Limited, Dunar Foods Ltd., Ebro Foods, S.A., Lundberg Family Farms, New Bharat Group, Supple Tek Pvt Ltd, LT Foods Limited, HAS Rice Pakistan, Latif Rice Mills Pvt. Ltd., A.I.Z Import & Export, and others.

For a more detailed understanding of the Basmati rice market, including tables of contents, click here.

Source:

Source: https://www.expertmarketresearch.com/reports/basmati-rice-market