The Middle East and Africa basmati rice market is being aided by the rising population in the region. Basmati rice is a part of the staple diet of Middle Eastern and African people. It is a long-grain rice with a subtle fragrance. The rice variety is used in the preparation of rich dishes made of multiple layers of dried fruits, meats, and rice. Their demand is increasing due to their nutritive and low-fat content.
The Middle East and Africa region is dependent upon basmati rice imports from the Asia Pacific region, especially from India, to meet its rice requirements. Iran and Saudi Arabia are among the chief rice importers in the world. In 2015, Iran was considered the largest importer of rice from India. The massive demand for rice in Iran is due to the vast population there who eat rice as a staple food. Iraq, too, is an enormous consumer of rice and consistently imports high-quality rice from India.
In March 2016, LT Foods, a key player in the Middle East and Africa basmati rice market, announced the acquisition of Hindustan Unilever Ltd’s (HUL) branded rice business, including its ‘Gold Seal Indus Valley’ and ‘Rozana’ brands. This acquisition will help the company strengthen its position in the Middle East market as it opens up the avenue to the markets in Qatar, Bahrain, and Oman, while also invigorating the company’s existing presence in Saudi Arabia, Kuwait, and the UAE. The demand for basmati rice, globally, is majorly boosted by prominent retail companies like Walmart (NYSE: WMT), Tesco (OTCMKTS: TSCDY), and Amazon (NASDAQ: AMZN), who are prominently stocking the rice variety in their inventory.
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Adani Wilmar Limited, L.T. Foods Limited, Supple Tek Industries Pvt ltd., Kohinoor foods Ltd, Amar Singh Chawal Wala, and Saif International Limited, among others, are the key players in the Middle East and Africa basmati rice market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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"Middle East and Africa Basmati Rice Market: By Form: Raw, Parboiled; By Country: Iran, Saudi Arabia, UAE, Iraq, Kuwait, Others; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis: Porter’s Five Forces Analysis: Global Trade Analysis (2018): Middle East and Africa Basmati Rice Price Analysis: Manufacturing Process: Cost Analysis: Competitive Landscape & Supplier Analysis: Consumer Analysis: Events and Developments"
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