Basmati Rice Market Scope
Basmati rice which is traditionally grown in Asian continent, is a long grain rice with aromatic smell and good quality. Basmati rice grown in India and Pakistan are famous around the globe. Basmati rice has been enjoying a premium position among all other rice varieties in the global marketplace, due to superior aroma, delicious taste, and distinct flavor. Rice forms an important part of the Middle Eastern cooking, and is considered as a staple food along with wheat in many countries. Basmati rice is extensively used in a number of lavish rice-based dishes containing layers of rice, meat, sauces & dried fruits.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | KRBL Limited (India), Amira Nature Foods (UAE), LT Foods (India), Best Foods (India), Kohinoor Rice (India), Aeroplane Rice (India), Tilda Basmati Rice (Europe), Matco Foods (Pakistan), Amar Singh Chawal Wala (India), Hanuman Rice Mills (India) and Adani Wilmar (India) |
CAGR | 20.3% |
Key strategies adopted by the market players around the globe include partnerships and agreements globally. Key players have been trying to extend global reach by expanding the distribution channels as well as entering into partnerships with key suppliers in many regions. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Basmati Rice market throughout the predicted period.
KRBL Limited (India), Amira Nature Foods (UAE), LT Foods (India), Best Foods (India), Kohinoor Rice (India), Aeroplane Rice (India), Tilda Basmati Rice (Europe), Matco Foods (Pakistan), Amar Singh Chawal Wala (India), Hanuman Rice Mills (India) and Adani Wilmar (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are HAS Rice Pakistan (Pakistan), Galaxy Rice Mill (India), Dunar Foods (India) and Sungold (Uinted States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Basmati Rice market by Type , by Application (Commercial and Home) and Region with country level break-up.
On the basis of geography, the market of Basmati Rice has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Influencing Trend:
Increasing efforts of key players to make product available at affordable price and Growing applicability in food industry
Market Growth Drivers:
Increasing demand for premium, high quality and aromatic rice and Rising Population
Restraints:
Strict regulations on use of pesticides and Comparatively high prices for ordinary people
Opportunities:
Emerging markets around the globe, Improvement in standard of living and Growing demand for lavish rice-based dishes
Key Target Audience
Rice Packaging industry, Market players, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations