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The Asia Pacific Basmati Rice Market is Expected to Grow at a Healthy Pace During 2021-2026, Aided by the Growth of the India Basmati Rice Market

According to a new report by EMR titled, ‘The Asia Pacific Basmati Rice Market Report and Forecast 2021-2026’, the market is being aided by the growing India basmati rice market, which is expected to grow at a CAGR of 6% between 2021 and 2026.

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.

Market Analysis by Rice Type, End Use, and Country:

  • On the basis of type of rice, the market can be divided into parboiled and raw.
  • Based on end use, the market can be divided into retail and institutional.
  • The Asia Pacific basmati rice industry can be divided into countries like India, China, Australia, Pakistan, and others.

Key Findings of the Report:

  • The Asia Pacific basmati rice industry is expected to be driven by the constantly growing population in the region, which would ultimately lead to higher consumption of rice.
  • The rising per-capita income in countries like China and India is likely to up thrust the market in the coming years.
  • Furthermore, the market is expected to be driven by the number of health benefits associated with the consumption of basmati rice.
  • Basmati rice has been an important part of Indian and Pakistani tradition since ages and this would continue to drive its demand in the coming years as well.

Key Offerings of the Report:

  • The EMR report gives an overview of the basmati rice market in the Asia Pacific for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the rice types, end uses, and countries of basmati rice in the Asia Pacific.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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