Global Basmati Rice Market: By Form: Raw, Parboiled; By Country: India, Pakistan, Others; By Region: North America, Europe, LATAM, Asia Pacific, Middle East and Africa; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis: Value Chain Analysis: Porter’s Five Forces Analysis: Global Trade Analysis (2018): Global Basmati Rice Price Analysis: Manufacturing Process: Cost Analysis: Competitive Landscape & Supplier Analysis: Consumer Analysis: Events and Developments

Global Basmati Rice Market Key Insights:

Market Outlook

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. In 2018, the global production of rice reached almost 500 million metric tons.

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 FY2019. 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.

Properties and Applications

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, LATAM, 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.

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 
• Supple Tek industries Pvt ltd. 
• Kohinoor Foods Ltd.
• Adani Wilmar Limited
• LT Foods 
• Sulson Overseas Pvt. Ltd. 
• Amira Nature Foods Ltd. 
• Dunar Foods Ltd. 
• 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.

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