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Basmati Rice Market

Global Basmati Rice Market Share, Size, Analysis, Trends, Forecast: By Type: Parboiled, Raw; By Nature: White, Brown, Others; By Country of Origin: India, Pakistan, Others; By End User: Retail, HoReCa and Institutional; By Distribution Channel: Supermarkets and Hypermarkets, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Basmati Rice Market Outlook

The global basmati rice market stood at a value of around USD 6.22 billion in 2023 and expected to grow at a CAGR of 2.0% in the forecast period of 2024-2032 to attain a value of around USD 7.47 billion by 2032.

 

Basmati Rice Market

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The Asia Pacific is the leading producer of rice, globally. The region accounts for almost 90% of the global production. China is the leading rice producer, followed by India. However, basmati rice, specifically, is primarily grown in India and Pakistan. India is the largest producer of basmati rice, accounting for over 70% of its output in the global basmati rice market. In 2018, its production attained almost 5.03 million tons. The country is also the leading exporter of basmati rice. The country’s export of the basmati variety of the paddy crop is projected to reach a peak at INR 30,000 crore in FY2020. The strengthening exports is a combined result of an increasing demand from Iran and the rise in prices that have been taking place over the last three years. Haryana, Punjab, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Jammu and Kashmir, and Delhi are the major basmati rice producing states in India. In Pakistan, the Punjab province is the largest producer of the paddy crop.

 

The Middle East and Africa is a significant consumer of basmati rice, which accounts for 37.5% of their total consumption of the paddy crop. GCC countries are the major importers of the basmati variety of the paddy crop. The steady increase in imports from Saudi Arabia and Iran is driving the rise of Indian exports of basmati rice. Between 2017-2018, Iran was the leading importer of the grain from India. Iran was followed by Saudi Arabia and the United Arab Emirates as the other significant importing countries of the basmati variety from India. Algeria, Somalia, and Kenya are the major importing countries in Africa. Europe and the US are also significant consumers of the basmati variety.

 

Basmati Rice Market by Type of Segments

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Market Segmentation

Rice is broadly divided into basmati and non-basmati varieties. Basmati is a rice type which was originally found in the Indian subcontinent and is traditionally consumed as part of Indian and other South Asian cuisines. It has a long and slender grain and is aromatic when cooked. It is either served plain or with accompaniments. It is also cooked with spices to make savoury rice dishes. They are available in either raw or parboiled forms. The report on the global basmati rice market looks into the consumption of basmati riced in the various regional markets like North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, along with covering its production in countries like India and Pakistan, among others.

 

Market Analysis

The global basmati rice market is being aided by the superior quality, taste, and aroma of the product, which are driving the consumer preference for the product. The basmati variety forms an integral part of the Middle Eastern cooking. It is used to cook lavish dishes which contain layers of rice, meats, and dried fruits. It also forms a part of the staple diet of many cultures, thus, further aiding the industry growth. The increasing export demand from the Middle Eastern countries is also propelling the global basmati rice market forward. The US and Europe, too, are significant importing countries.

 

The rising population is also acting as a catalyst for the growth of the global basmati rice market. The increasing disposable income in the major consuming nations is driving the market growth. The rising disposable income is leading to increased consumption of premium products and, thus, is providing further impetus for the global basmati rice market growth as basmati rice is perceived as a premium variety. With the increasing health consciousness among the consumers, the basmati variety is being increasingly preferred due to being rich in nutritional value and having a lower fat content.

 

basmati rice market by region

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Price Analysis

In India, Basmati paddy prices have been rising for two years, between FY2017 and FY2018. The prices are expected to continue growing in the current year due to lower production because of the decline in cultivation area and crop loss in major growing states due to untimely rainfall.

 

Competitive Landscape

June 2017: LT Foods invested USD 15 million in its first European rice processing facility in Rotterdam Netherlands, having an initial capacity of 60,000 tonnes, with an aim of introducing its popular brand, ‘Daawat’ in Europe.

 

The report provides a detailed analysis of the key players in the global basmati rice market, covering their capacity, market share, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • KRBL Limited
  • Kohinoor Foods Limited
  • Adani Wilmar Limited
  • Dunar Foods Ltd.
  • Ebro Foods, S.A.
  • Lundberg Family Farms
  • New Bharat Group
  • Supple Tek Pvt Ltd
  • LT Foods Limited
  • HAS Rice Pakistan
  • Latif Rice Mills Pvt. Ltd.
  • A.I.Z Import & Export
  • Others

 

The EMR report gives an in-depth insight into the manufacturing process and the costs involved. The comprehensive report assesses both the macro and micro aspects of the global basmati rice market. It provides an analysis of the Porter’s Five Forces model along with offering a SWOT and value chain analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Nature
  • Country of Origin
  • End User
  • Distribution Channel
  • Region
Breakup by Type
  • Parboiled
  • Raw
Breakup by Nature
  • White
  • Brown
  • Others
Breakup by Country of Origin
  • India
  • Pakistan
  • Others
Breakup by End User
  • Retail
  • HoReCa and Institutional
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Store
  • Speciality Store
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • KRBL Limited
  • Kohinoor Foods Limited
  • Adani Wilmar Limited
  • Dunar Foods Ltd.
  • Ebro Foods, S.A.
  • Lundberg Family Farms
  • New Bharat Group
  • Supple Tek Pvt Ltd
  • LT Foods Limited
  • HAS Rice Pakistan
  • Latif Rice Mills Pvt. Ltd.
  • A.I.Z Import & Export
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Basmati Rice Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Basmati Rice Historical Market (2018-2023) 
    8.3    Global Basmati Rice Market Forecast (2024-2032)
    8.4    Global Basmati Rice Market by Type
        8.4.1    Parboiled
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Raw
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Basmati Rice Market by Nature
        8.5.1    White
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Brown
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    Global Basmati Rice Market by Country of Origin
        8.6.1    India
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Pakistan
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Others
    8.7    Global Basmati Rice Market by End User
        8.7.1    Retail
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    HoReCa and Institutional
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Basmati Rice Market by Distribution Channel
        8.8.1    Supermarkets and Hypermarkets
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Convenience Store
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Speciality Store
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Others
    8.9    Global Basmati Rice Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Basmati Rice Market Analysis
    9.1    Market by Type
    9.2    Market by Nature
    9.3    Market by End User
    9.4    Market by Distribution Channel
    9.5    Market by Country
        9.5.1    United States of America 
            9.5.1.1    Historical Trend (2018-2023) 
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Canada
            9.5.2.1    Historical Trend (2018-2023) 
            9.5.2.2    Forecast Trend (2024-2032)
10    Europe Basmati Rice Market Analysis
    10.1    Market by Type
    10.2    Market by Nature
    10.3    Market by End User
    10.4    Market by Distribution Channel
    10.5    Market by Country
        10.5.1    United Kingdom
            10.5.1.1    Historical Trend (2018-2023) 
            10.5.1.2    Forecast Trend (2024-2032)
        10.5.2    Germany
            10.5.2.1    Historical Trend (2018-2023) 
            10.5.2.2    Forecast Trend (2024-2032)
        10.5.3    France
            10.5.3.1    Historical Trend (2018-2023) 
            10.5.3.2    Forecast Trend (2024-2032)
        10.5.4    Italy
            10.5.4.1    Historical Trend (2018-2023) 
            10.5.4.2    Forecast Trend (2024-2032)
        10.5.5    Others
11    Asia Pacific Basmati Rice Market Analysis
    11.1    Market by Type
    11.2    Market by Nature
    11.3    Market by End User
    11.4    Market by Distribution Channel
    11.5    Market by Country
        11.5.1    China
            11.5.1.1    Historical Trend (2018-2023) 
            11.5.1.2    Forecast Trend (2024-2032)
        11.5.2    Japan
            11.5.2.1    Historical Trend (2018-2023) 
            11.5.2.2    Forecast Trend (2024-2032)
        11.5.3    India
            11.5.3.1    Historical Trend (2018-2023) 
            11.5.3.2    Forecast Trend (2024-2032)
        11.5.4    ASEAN
            11.5.4.1    Historical Trend (2018-2023) 
            11.5.4.2    Forecast Trend (2024-2032)
        11.5.5    Australia
            11.5.5.1    Historical Trend (2018-2023) 
            11.5.5.2    Forecast Trend (2024-2032)
        11.5.6    Others
12    Latin America Basmati Rice Market Analysis
    12.1    Market by Type
    12.2    Market by Nature
    12.3    Market by End User
    12.4    Market by Distribution Channel
    12.5    Market by Country
        12.5.1    Brazil
            12.5.1.1    Historical Trend (2018-2023) 
            12.5.1.2    Forecast Trend (2024-2032)
        12.5.2    Argentina
            12.5.2.1    Historical Trend (2018-2023) 
            12.5.2.2    Forecast Trend (2024-2032)
        12.5.3    Mexico
            12.5.3.1    Historical Trend (2018-2023) 
            12.5.3.2    Forecast Trend (2024-2032)
        12.5.4    Others
13    Middle East and Africa Basmati Rice Market Analysis
    13.1    Market by Type
    13.2    Market by Nature
    13.3    Market by End User
    13.4    Market by Distribution Channel
    13.5    Market by Country
        13.5.1    Saudi Arabia
            13.5.1.1    Historical Trend (2018-2023) 
            13.5.1.2    Forecast Trend (2024-2032)
        13.5.2    United Arab Emirates
            13.5.2.1    Historical Trend (2018-2023) 
            13.5.2.2    Forecast Trend (2024-2032)
        13.5.3    Nigeria
            13.5.3.1    Historical Trend (2018-2023) 
            13.5.3.2    Forecast Trend (2024-2032)
        13.5.4    South Africa
            13.5.4.1    Historical Trend (2018-2023) 
            13.5.4.2    Forecast Trend (2024-2032)
        13.5.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Cultivation and Harvesting of Basmati Rice

    16.1    Land Requirements
    16.2    Construction Requirements
    16.3    Machinery Requirements
    16.4    Labour Requirements
    16.5    Climate Requirements
    16.6    Soil Requirements and Treatment
    16.7    Yield per Hectare
    16.8    Period of Maturation
    16.9    Seed Selection and Treatment
    16.10    Land Preparation and Planting
    16.11    Irrigation Requirements
    16.12    Crop Protection
    16.13    Storage and Packaging
    16.14    Transportation
    16.15    Total Costs Involved 
17    Processing of Basmati Rice
    17.1    Detailed Process Flow
    17.2    Various Unit Operations Involved
    17.3    Machinery Requirements
    17.4    Transportation
    17.5    Total Costs Involved 
        17.5.1    Fixed Cost
        17.5.2    Variable Cost
18    Loans and Financial Assistance
19    Project Economics

    19.1    Capital Cost of the Project
    19.2    Techno-Economic Parameters
    19.3    Product Pricing and Margins 
    19.4    Taxation and Depreciation
    19.5    Income Projections
    19.6    Expenditure Projections
    19.7    Financial Analysis
    19.8    Profit Analysis
20    Competitive Landscape
    20.1    Market Structure
    20.2    Company Profiles
        20.2.1    KRBL Limited
            20.2.1.1    Company Overview
            20.2.1.2    Product Portfolio
            20.2.1.3    Demographic Reach and Achievements
            20.2.1.4    Certifications
        20.2.2    Kohinoor Foods Limited
            20.2.2.1    Company Overview
            20.2.2.2    Product Portfolio
            20.2.2.3    Demographic Reach and Achievements
            20.2.2.4    Certifications
        20.2.3    Adani Wilmar Limited 
            20.2.3.1    Company Overview
            20.2.3.2    Product Portfolio
            20.2.3.3    Demographic Reach and Achievements
            20.2.3.4    Certifications
        20.2.4    Dunar Foods Ltd.
            20.2.4.1    Company Overview
            20.2.4.2    Product Portfolio
            20.2.4.3    Demographic Reach and Achievements
            20.2.4.4    Certifications
        20.2.5    Ebro Foods, S.A.
            20.2.5.1    Company Overview
            20.2.5.2    Product Portfolio
            20.2.5.3    Demographic Reach and Achievements
            20.2.5.4    Certifications
        20.2.6    Lundberg Family Farms
            20.2.6.1    Company Overview
            20.2.6.2    Product Portfolio
            20.2.6.3    Demographic Reach and Achievements
            20.2.6.4    Certifications
        20.2.7    New Bharat Group
            20.2.7.1    Company Overview
            20.2.7.2    Product Portfolio
            20.2.7.3    Demographic Reach and Achievements
            20.2.7.4    Certifications
        20.2.8    Supple Tek Pvt Ltd
            20.2.8.1    Company Overview
            20.2.8.2    Product Portfolio
            20.2.8.3    Demographic Reach and Achievements
            20.2.8.4    Certifications
        20.2.9    LT Foods Limited
            20.2.9.1    Company Overview
            20.2.9.2    Product Portfolio
            20.2.9.3    Demographic Reach and Achievements
            20.2.9.4    Certifications
        20.2.10    HAS Rice Pakistan 
            20.2.10.1    Company Overview
            20.2.10.2    Product Portfolio
            20.2.10.3    Demographic Reach and Achievements
            20.2.10.4    Certifications
        20.2.11    Latif Rice Mills Pvt. Ltd.
            20.2.11.1    Company Overview
            20.2.11.2    Product Portfolio
            20.2.11.3    Demographic Reach and Achievements
            20.2.11.4    Certifications
        20.2.12    A.I.Z Import & Export
            20.2.12.1    Company Overview
            20.2.12.2    Product Portfolio
            20.2.12.3    Demographic Reach and Achievements
            20.2.12.4    Certifications
        20.2.13    Others
21    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Basmati Rice Market: Key Industry Highlights, 2018 and 2032
2.    Global Basmati Rice Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Basmati Rice Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Basmati Rice Historical Market: Breakup by Nature (USD Million), 2018-2023
5.    Global Basmati Rice Market Forecast: Breakup by Nature (USD Million), 2024-2032
6.    Global Basmati Rice Historical Market: Breakup by Country of Origin (USD Million), 2018-2023
7.    Global Basmati Rice Market Forecast: Breakup by Country of Origin (USD Million), 2024-2032
8.    Global Basmati Rice Historical Market: Breakup by End User (USD Million), 2018-2023
9.    Global Basmati Rice Market Forecast: Breakup by End User (USD Million), 2024-2032
10.    Global Basmati Rice Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11.    Global Basmati Rice Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12.    Global Basmati Rice Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Basmati Rice Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Basmati Rice Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Basmati Rice Market Forecast: Breakup by Country (USD Million), 2024-2032 
24.    Global Basmati Rice Market Structure

Key Questions Answered in the Report

The global basmati rice market stood at a value of around USD 6.22 billion in 2023.

The major drivers of the market such as rising disposable incomes, increased consumption of premium products, and increasing population are expected to aid the industry growth.

The increasing health consciousness among the consumers and rising export demand for rice are the key trends driving the market growth.

Asia Pacific, North America, Latin America, Europe, the Middle East and Africa are the major regions in the market, where Asia Pacific is the leading producer of rice.

The major types of rice are raw and parboiled.

Retail packaging and institutional packaging are the different pack sizes in the market.

The major countries for this product are India Pakistan, among others.

The major players in the market are KRBL Limited, Kohinoor Foods Limited, Adani Wilmar Limited, Dunar Foods Ltd., Ebro Foods, S.A., Lundberg Family Farms, New Bharat Group, Supple Tek Pvt Ltd, LT Foods Limited, HAS Rice Pakistan, Latif Rice Mills Pvt. Ltd., and A.I.Z Import & Export, among others.

Analyst Review

The global basmati rice market is being aided by the rising export demand for rice, globally. Basmati rice accounts for 2.1% of the total rice production. The global basmati rice market stood at a value of around USD 6.22 billion in 2023 and expected to grow at a CAGR of 2% in the forecast period of 2024-2032 to attain a value of around USD 7.47 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of types of rice, the market is bifurcated into raw and parboiled. Retail packaging and institutional packaging are the different pack sizes in the market.  Based on the countries, the industry is divided into India and Pakistan, among others. The major regional markets for the product are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. The key players in the above industry include KRBL Limited, Kohinoor Foods Limited, Adani Wilmar Limited, Dunar Foods Ltd., Ebro Foods, S.A., Lundberg Family Farms, New Bharat Group, Supple Tek Pvt Ltd, LT Foods Limited, HAS Rice Pakistan, Latif Rice Mills Pvt. Ltd., and A.I.Z Import & Export, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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