Rice Market Share, Global Size, Value, Price Trends, Top Vendors, Demand, Growth, Report 2023-2028

The global rice market size reached US$ 294.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 345.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028. The rising utilization in cafes, restaurants, and hotels, wide availability through various distribution channels, and increasing demand for brown rice represent some of the key factors driving the market.

The latest report by IMARC Group, titled “Rice Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global rice market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global rice market size reached US$ 294.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 345.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.

Rice refers to a starchy seed or grain derived from an annual marsh grass known as Oryza sativa, which is cultivated in warm climates. It is a nutritious food that is rich in carbohydrates, vitamins, and minerals and low in fat and cholesterol, making it a healthy choice for individuals who are trying to maintain a balanced diet. Besides, it is gluten-free, which makes it a good option for the masses suffering from celiac disease or gluten intolerance. It is a versatile food that can be cooked in many different ways, including boiling, steaming, frying, and baking, and can be used as a base for dishes such as stir-fries, casseroles, and stews, or as a side dish to accompany meats, and vegetables. Some commonly consumed rice varieties include brown rice, Indica rice, black rice, red rice, bomba rice, arborio rice, parboiled rice, sushi rice, and glutinous rice .

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Rice Market Trends:

The growing utilization of rice in the food and beverage (F&B) industry to prepare various cuisines is driving the global market. Along with this, the increasing shift of consumers towards healthy eating habits is propelling the growth of the market. Moreover, numerous major companies are focussing on introducing new varieties and developing innovative packaging solutions that provide flexibility and convenience to consumers, which are acting as other growth-inducing factors. Additionally, the rising initiatives and support by the government to increase production and strengthen rice farming are augmenting the market. Other factors, including changing dietary patterns and the wide availability of rice through online and offline distribution channels, are also fostering product demand.

Competitive Landscape:                                

By IMARC Group, the Top 12 Rice Companies in the World 2023:

Anheuser-Busch Companies LLC (AB InBev)
Bunge Limited
California Family Foods
Cargill Incorporated
Farmers’ Rice Cooperative
ITC Limited
KRBL Limited
Louis Dreyfus Company B.V.
LT Foods Ltd.
Riceland Foods Inc.
Riviana Foods Inc. (Ebro Foods S.A.)
Tamaki Rice Corporation

Explore the Full Report with Charts, Table of Contents, and List of Figures:

Key Market Segmentation:

Breakup by Product Type:


Breakup by Type:

Red Rice
Arborio Rice
Black Rice
Grain Fragrance Rice
Brown Rice
Rosematta Rice
Grain Parboiled Rice
Sushi Rice

Breakup by Grain Size:

Long Grain
Medium Grain
Short Grain

Breakup by Distribution Channel:

Offline Stores
Online Stores

Breakup by Application:


Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current, and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

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