Global Rice News

Basmati Rice Market

The global Basmati Rice market is projected to reach multi-million by 2031, with an unexpected CAGR during the forecast period of 2024-2031. Basmati rice is known for its distinct aroma and flavor, making it a popular choice for consumers worldwide. This report provides insights into the market size, market characteristics, and market growth of the Basmati Rice industry. It covers various types of Basmati Rice, including Indian Basmati Rice, Pakistani Basmati Rice, Kenya Basmati Rice, and others, as well as their applications in direct edible consumption and deep processing. Additionally, the report analyzes the impact of the COVID-19 pandemic on the market and provides a comprehensive analysis of the industry’s development before and after the pandemic.

Impact of COVID-19 on the Basmati Rice Market

The COVID-19 pandemic has had a direct and indirect impact on the Basmati Rice market. This report examines the market size, characteristics, and growth of the industry, taking into account the effects of the pandemic on a global and regional level. It also conducts a PESTEL analysis to study key influencers and barriers to entry in the market. The report provides accurate information and cutting-edge analysis that can help stakeholders formulate ideal business plans and strategies for rapid growth. It offers insights that can benefit industry players in making their business endeavors profitable.

Competitive and Segmentation Analysis

The report includes a detailed analysis of the competitive landscape and segmentation of the Basmati Rice market. It provides statistics on sales and revenue from major players in the industry, along with their company descriptions, major businesses, product introductions, recent developments, and sales by region, type, application, and sales channel. Some of the major players in the market include KRBL, Amira Nature Foods, LT Foods, Best Foods, Kohinoor Rice, and more.

Summary of the Basmati Rice Market

The global Basmati Rice market is expected to grow at a considerable rate during the forecast period of 2024-2031. Basmati rice is known for its distinctive aroma and flavor, which is attributed to the compound 2-acetyl-1-pyrroline. This aromatic compound gives Basmati rice its spicy fragrance and flavor, making it a popular choice among consumers. Indian Basmati Rice is the largest segment in terms of product, while Direct Edible is the largest application. India is the largest market for Basmati Rice, followed by Pakistan and Kenya. The market was valued at USD 11230 million in 2020 and is projected to reach USD 19880 million by 2027, with a CAGR of 8.5% during the forecast period.

Segment Analysis

The report includes a segment analysis of the Basmati Rice market, covering different regions, companies, types, and applications. It provides information about the sales and revenue during the historic and forecasted period of 2016-2027. Understanding these segments helps in identifying the factors that contribute to market growth.

Conclusion

The Basmati Rice market is poised for significant growth in the coming years. The demand for Basmati rice, with its unique aroma and flavor, is driving the market’s expansion. With the impact of the COVID-19 pandemic analyzed, stakeholders can develop strategies to capitalize on market opportunities and ensure profitability. The competitive analysis and segmentation of the market provide valuable insights for industry players to make informed decisions.

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Source: Digital Journal