Global Brown Rice Market Is Likely To Reach humungous revenue of US$ 17895.2 Mn By 2032, says Future Market.
Published on: October 13, 2022.
Filed under:
Rice is one of the major staple food, consumed across the globe by more than half of the total world’s population. Rice is produced and milled globally, yet major percentage of total rice produced is consumed in the countries where it is produced, but growing demand in some areas is driving the international rice trade between the regions.
Most of the rice is consumed and produced in Asia and Central-Asian countries like India, Pakistan and Thailand accounts for approximately 90% of world rice production. Due to high export of rice to other countries, the current share in global rice consumption of these countries is slightly lesser than the total production.
Brown rice is the edible whole grain rice, with its outer hull removed. Since, brown rice goes through less processing, it is high in nutritional values as compared to whole white rice. Due to increasing preference towards healthy eating habits and increasing health consciousness, brown rice market is expanding at higher CAGR, compared to overall rice market. Brown rice demand is picking up in the major importing countries, which is attracting the interest of major producers to focus on producing brown rice.
Geographically, brown rice market can be segmented by regions into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Japan and Middle East & Africa.
Asia-pacific is the most dominant market in terms of production and consumption. Thailand is the world’s largest exporter of rice, including brown rice, followed by Vietnam and India. Major importing countries are dispersed and top 10 importing countries only account for less than 50% of global rice imports.
Major countries consuming brown rice are Indonesia, Philippines, Iran, Nigeria and few European countries. Latin American countries are expected to exploit the availability of land and water emerge as the major producer and exporter of rice, during the forecast period.
