Rice

Global Rice Market to Reach US$349.3 Billion by 2030

The global market for Rice estimated at US$298.8 Billion in the year 2024, is expected to reach US$349.3 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2024-2030. Long-Grain Rice, one of the segments analyzed in the report, is expected to record a 2.6% CAGR and reach US$219.9 Billion by the end of the analysis period. Growth in the Medium-Grain Rice segment is estimated at 2.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$80.8 Billion While China is Forecast to Grow at 4.1% CAGR

The Rice market in the U.S. is estimated at US$80.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$66.7 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.0% CAGR.

Global Rice Market - Key Trends and Drivers Summarized

What Makes Rice a Staple in Global Food Security?
Rice is one of the most important staple foods globally, providing a primary source of sustenance for more than half of the world’s population. It is a fundamental part of the diet in Asia, Africa, and parts of Latin America, where it is not only a food staple but also a significant cultural and economic asset. The production of rice is heavily influenced by climatic conditions, water availability, and cultivation practices, making it a critical agricultural commodity. Rice is cultivated in a variety of forms, including long-grain, medium-grain, and short-grain, each with unique characteristics that cater to different culinary traditions and preferences. With rising global populations, the demand for rice continues to increase, making it a vital component of food security strategies in many developing countries.

How Are Technological and Agricultural Innovations Shaping the Rice Market?
Technological advancements and innovative agricultural practices are playing a crucial role in enhancing rice production and addressing the challenges posed by climate change and resource constraints. The introduction of high-yielding and drought-resistant rice varieties is helping farmers to optimize productivity and adapt to changing environmental conditions. Precision farming techniques, such as satellite-based monitoring, IoT-enabled devices, and drones, are providing real-time insights into soil health, water management, and pest control, significantly improving crop yields and reducing resource wastage. Furthermore, the adoption of sustainable practices, such as System of Rice Intensification (SRI) and direct seeding methods, is contributing to increased rice production while minimizing the environmental footprint.

What Challenges and Opportunities Are Present in the Global Rice Market?
The global rice market faces several challenges, including the impact of climate change, water scarcity, and fluctuating market prices. Extreme weather conditions, such as floods and droughts, can severely affect rice production, leading to supply shortages and price volatility. Additionally, the high water requirements for rice cultivation pose a significant challenge, particularly in water-stressed regions. However, these challenges are also creating new opportunities for growth and development. The increasing demand for organic and specialty rice varieties, such as basmati and jasmine, is opening new markets and attracting premium pricing. The expansion of e-commerce platforms is also enhancing market access for rice producers, enabling them to reach a broader customer base. Moreover, government initiatives aimed at ensuring food security and supporting sustainable agricultural practices are driving investments in rice cultivation and processing technologies.

What Is Driving the Growth of the Global Rice Market?
The growth in the global rice market is driven by several factors, including the rising global population and the increasing demand for staple foods in developing countries. Technological advancements in rice breeding and cultivation practices are enhancing productivity and resilience, thereby supporting market growth. The growing popularity of specialty rice varieties, driven by changing consumer preferences and the rising demand for ethnic and organic foods, is further boosting market expansion. Additionally, the increasing focus on sustainable agriculture and water management practices is encouraging investments in innovative rice farming solutions. Government policies and initiatives aimed at improving food security, reducing poverty, and supporting rural development are also key drivers of the rice market`s growth.

SCOPE OF STUDY:

The report analyzes the Rice market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Long-Grain Rice, Medium-Grain Rice, Short-Grain Rice); Distribution Channel (Offline, Online)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 56 Featured) -

• Agistin Biotech Pvt. Ltd.
• Agremo
• Agrokultura
• AKH Foods
• Al Dahra
• Asia Foods Sp. z o.o.
• Asia Golden Rice Company Limited
• AZIENDA AGRICOLA RISERVA SAN MABIMO - SOCIETa AGRICOLA - S.R.L.
• BioAg Pty Ltd
• Blue Lake Milling

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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