Press Release
Press Release
The Asia Pacific basmati rice industry is likely to witness a healthy in the forecast period, driven by the increasing production of basmati rice in countries like India and Pakistan. India is the global leader in the basmati rice production, with key areas of production being Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Delhi, Uttarakhand, and western Uttar Pradesh. Also, India is one of the major consumers of basmati rice as it one of the most loved foods of the country, especially the Biryani, which is prepared on several special occasions. The country’s strong market position can also be attributed to the presence of several basmati rice manufacturers, such as KRBL Limited, Kohinoor Foods Ltd, and Adani Group, among others in the region.
The consumption of brown basmati rice is increasing due to its high-nutritious value as compared to the white basmati rice. With the increasing health awareness among consumers, the demand for this type is expected to increase in the coming years. Keeping this in mind and to target the health-conscious customers, KRBL Limited launched “India Gate Basmati Brown Rice” in 2020. Moreover, the growing investments by prominent companies like Walmart (NYSE: WMT), Tesco (OTCMKTS: TSCDY), and Amazon (NASDAQ: AMZN) in the Indian market are expected to significantly contribute to the growth of the basmati rice industry in the Asia Pacific.
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The major players in the Asia Pacific basmati rice market are KRBL Limited, Supple Tek industries Pvt ltd, Kohinoor Foods Ltd, Adani Group, Matco Foods Limited, and Ideal Basmati Rice, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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