19 February 2019:
Rice
Market was million US$ in 2018 and is expected to million US$ by
the end of 2024, growing at a CAGR of between 2019 and 2024.This report studies
the Rice market size (value and volume) by players, regions, product types and
end industries, history data 2014-2018 and forecast data 2019-2024; This report
also studies the global Rice market competition landscape, market drivers and
trends, opportunities and challenges, risks and entry barriers, sales channels,
distributors and Porter's Five Forces Analysis.
The Rice Market is subject to witness a substantial growth
due to the growing consummation of rice and large-scale production in the Asia
Pacific region. Rice is considered as one of the major food staples in the
East-Asian economies including China. Increasing production in the India
coupled with agriculture as a mainstay for the rural population are key
catalyst for sustained market growth of rice market over the forecast period.
Recent technological advancement in the agriculture sector coupled with development
of modern rice production techniques such as rice intensification (SRI), laser
land leveling, direct seeded rice (DSR), and precision farming are expected to
drive market growth over the next seven years.
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Additionally, rice is considered as a cash crop and acts as
a wage commodity for workers. These factors are anticipated to boost market
growth over the forecast period. Globally, the market is predicted to generate
massive revenue over next seven years, providing numerous opportunities for
market players to invest for research and development in the rice market.
Rice is a staple food that is consumed by half of the global
population on the daily basis. Moreover, rice is one of the top most cereal
crop after maize, particularly in the North America and European region.
Increasing demand for rice protein owing to its increasing consummation in
pharmaceuticals sector, thus fostering market growth, in the recent years.
Increasing food security for famers with the yield of rice
is expected to amplify rice production in countries such as India, Thailand,
Vietnam, Pakistan, and Brazil. Increasing import and export activities for
premium quality rice are predicted to fuel market expansion for rice industry
in the near future as well. Increasing number of importers coupled with
increasing demand form European region is bolstering market value for rice.
Asia-Pacific region is predicted to hold major market share
in the rice market with massive growth in forecast period. Countries such as
India, China, Malaysia, Vietnam, South Korea, Bangladesh and Singapore are
leading the Asia-Pacific market with vast agriculture industry, ever-growing
supply & demand and significant investment by leading industry players
considering potential growth opportunities in the region. The key players in
the rice market are Riceland foods Inc., V.A.P Foods Ltd., KRBL Ltd.,
Sanjeevani Organics Ltd., Kahang Organic Rice Co., Riceselect Ltd., and Texas
Best Organics, Inc.
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Rice Market by
Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
The product segments discussed in the data reports include:
•
Broken rice
•
Husked brown rice
•
Semi-milled/wholly milled rice
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