Europe Basmati Rice Market to generate $866.5 million by 2031, with a CAGR of 4.2%
Published on: February 26, 2022.
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According to a new report published by Allied Market Research, titled, “Europe Basmati Rice Market by Type, Application, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2022–2031,” the Europe basmati rice market was valued at $551.8 million in 2020, and is projected to reach $866.5 million by 2031, registering a CAGR of 4.2%. The Indian variety segment was the highest revenue contributor with $418.1 million in 2020, and is estimated to reach $671.3 million by 2031, with a CAGR of 4.5%.
Basmati rice is distinguished by its distinct aroma and cooking qualities, and it is two to three times more expensive than other long grain rice. It is a slender and extra-long grain that expands to at least twice its original length when cooked. Basmati rice is distinguished from other aromatic long grain rice varieties by its excellent aroma, wonderful taste, and distinct flavor. It is widely used in Indian and Pakistani cuisines, as well as in Persian, Arab, and Middle Eastern cuisines.
Source: https://hitechnewsdaily.com/business/europe-basmati-rice-market-to-generate-866-5-million-by-2031-with-a-cagr-of-4-2/
