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The global basmati rice market is significantly affected by the Asia Pacific rice market, with China and India being the leading producers, respectively. The demand for basmati rice is increasing globally. India dominates the global basmati rice market in terms of production and export. The main states manufacturing basmati rice in India are Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Jammu and Kashmir, and Delhi. It accounts for around 70% production in the global basmati rice market. Basmati rice is widely consumed, even as staple food in Indian as well as other South Asian cuisines. Basmati rice is also widely imported by many nations, including countries like Saudi Arabia, Iran, Algeria, Somalia, and Kenya. The increasing demand for rice by these countries is propelling the growth of the global rice market further.
LT Foods, in 2017, is one of the key players. In its first Rotterdam rice production plant in The Netherlands, with the original capability of 60.000 tonnes, spent USD 15 million to introduce 'Daawat' in Europe, its most famous brand. The demand for basmati rice is majorly boosted by the growing investments by prominent companies like Walmart (NYSE: WMT), Tesco (OTCMKTS: TSCDY), and Amazon (NASDAQ: AMZN) in the Indian market.
Market Analysis by Forms, Production by Regions and Consumption by Regions:
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The major key players in the global basmati rice market includes KRBL Limited, Supple Tek industries Pvt ltd., Amira Nature Foods Ltd., Kohinoor Foods Ltd., Adani Wilmar Limited, LT Foods, Dunar Foods Ltd., Sulson Overseas Pvt. Ltd., among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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