Global Basmati Rice Market is valued USD 9.2 billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of 11.2% over the forecast period 2018-2025.
New York 15 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Basmati Rice market industry is poised to raise USD XXX billion by 2025 The Asia Pacific region will drive the future demand for basmati rice, where the production as well as consumption of basmati rice is centered, with China and India being the most prominent producers, as well as consumer of this type of rice. The Asia Pacific excluding Japan is the leading regional market for basmati rice, having 46% of the overall market in 2017. It is predicted to continue to be the leading consuming region throughout the forecast period to 2025. The increasing price of paddy crop and the declining inventory prices in Asian Countries are likely to reflect positively on the global market for the basmati rice in the years to come, states the research report
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The industry is seeming to be fairly competitive. Some of the leading market players include McCormick & Company, Incorporated, LT Foods Limited, REI AGRO Limited, The Hain Celestial Group, Inc, The Rice ‘n Spice Intl Ltd, Amira Nature Foods Ltd, East End Foods, Mars Incorporated, Estraco Kft, KRBL Ltd and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Raw basmati rice will register greater demand than parboiled and steamed basmati rice, thanks to its superior quality, fragrance, and taste.
- The Asia Pacific region will drive the future demand for basmati rice, where the production as well as consumption of basmati rice is centered, with China and India being the most prominent producers
Bizwit Research & Consulting LLP has considered following segments for the study:
By Sales Channel:
- North America
- Asia Pacific
- Latin America
- Rest of the World