GCC Basmati Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

GCC Basmati Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The GCC basmati rice market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 1.2% during 2023-2028.

Report Attribute
Key Statistics
Base Year
2022
Forecast Years
2023-2028
Historical Years
2017-2022
GCC Basmati Rice Market Size in 2022 US$ 1.6 Billion
GCC Basmati Rice Market Forecast in 2028 US$ 1.7 Billion
GCC Basmati Rice Market Growth Rate 2023-2028 1.2%

Basmati rice is a long grain aromatic rice grown for several centuries in the geographical area of the Himalayan foothills of the Indian subcontinent. It has slender grains that elongate at least twice from its original size. Moreover, it has a soft and fluffy texture and nutty flavor upon cooking. It is rich in fiber, minerals, vitamins, zinc, copper, proteins, calcium, potassium, magnesium, carbohydrates, and amino and folic acid. At present, it plays a pivotal role in Middle Eastern cuisine, wherein it is utilized in the preparation of several lavish rice-based dishes that comprise layers of rice, meat, sauces, and dried fruits.

GCC Basmati Rice Market Trends:
A lack of rice production in the GCC region on account of unsuitable climatic conditions, in confluence with the escalating demand for better quality rice, represents one of the key factors propelling the growth of the market. Additionally, as basmati rice is considered a staple food in the GCC countries, along with wheat, its export is rising from India and Pakistan. Moreover, a high density of Asian expatriates is driving the overall sales of basmati rice in the region. Apart from this, the growing prevalence of lifestyle diseases on account of lack of physical activities is resulting in the increasing health-consciousness among individuals. As a result, there is a considerable increase in the consumption of brown basmati rice in the daily diet, which has low-fat content and high nutritional value. Furthermore, governing agencies operating in different countries of the GCC region are encouraging abroad investments for the import of rice, which is anticipated to impel the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC basmati rice market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on the type of rice, pack size and country of origin.

Breakup by Type of Rice:

Parboiled
Raw

Breakup by Pack Size:

Retail Packaging
Institutional Packaging

Breakup by Country of Origin:

India
Pakistan
Others

Breakup by Country:

Saudi Arabia
UAE
Kuwait
Oman
Qatar
Bahrain

Presently, Saudi Arabia enjoys the leading position in the market as basmati rice is extensively utilized in the preparation of Kabsa, which is a traditional dish consumed across the country.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.


Key Questions Answered in This Report:

How has the GCC basmati rice market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC basmati rice industry?
What has been the impact of COVID-19 on the GCC basmati rice industry?
What are the price trends of basmati rice in the GCC region?
What are the various stages in the value chain of the GCC basmati rice industry?
What are the key driving factors and challenges in the GCC basmati rice industry?
What is the structure of the GCC basmati rice industry and who are the key players?
What is the degree of competition in the GCC basmati rice industry?
What are the profit margins in the GCC basmati rice industry?
What are the key requirements for setting up a basmati rice processing plant?
How is basmati rice processed?
What are the various unit operations involved in a basmati rice processing plant?
What is the total size of land required for setting up a basmati rice processing plant?
What are the machinery requirements for setting up a basmati rice processing plant?
What are the raw material requirements for setting up a basmati rice processing plant?
What are the packaging requirements for basmati rice?
What are the transportation requirements for basmati rice?
What are the utility requirements for setting up a basmati rice processing plant?
What are the manpower requirements for setting up a basmati rice processing plant?
What are the infrastructure costs for setting up a basmati rice processing plant?
What are the capital costs for setting up a basmati rice processing plant?
What are the operating costs for setting up a basmati rice processing plant?
What will be the income and expenditures for a basmati rice processing plant?
What is the time required to break-even?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 MENA Basmati Rice Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.2.3 Price Trends
5.3 Market Forecast
6 GCC Basmati Rice Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.2.3 Price Trends
6.3 Impact of COVID-19
6.4 Market Breakup by Country
6.4.1 Saudi Arabia
6.4.1.1 Market Trends
6.4.1.2 Price Trends
6.4.1.3 Competitive Landscape
6.4.1.4 Market Forecast
6.4.2 UAE
6.4.2.1 Market Trends
6.4.2.2 Price Trends
6.4.2.3 Competitive Landscape
6.4.2.4 Market Forecast
6.4.3 Kuwait
6.4.3.1 Market Trends
6.4.3.2 Price Trends
6.4.3.3 Competitive Landscape
6.4.3.4 Market Forecast
6.4.4 Oman
6.4.4.1 Market Trends
6.4.4.2 Price Trends
6.4.4.3 Market Forecast
6.4.5 Qatar
6.4.5.1 Market Trends
6.4.5.2 Price Trends
6.4.5.3 Market Forecast
6.4.6 Bahrain
6.4.6.1 Market Trends
6.4.6.2 Price Trends
6.4.6.3 Market Forecast
6.5 Market Breakup by Type of Rice
6.5.1 Parboiled
6.5.2 Raw
6.6 Market Breakup by Pack Size
6.6.1 Retail Packaging
6.6.2 Institutional packaging
6.7 Market Breakup by Country of Origin
6.7.1 India
6.7.2 Pakistan
6.7.3 Others
6.8 Market Forecast
7 GCC Basmati Rice Industry: Key Success Factors
8 GCC Basmati Rice Industry: SWOT Analysis
8.1 Overview
8.2 Strengths
8.3 Weaknesses
8.4 Opportunities
8.5 Threats
9 GCC Basmati Rice Industry: Value Chain Analysis
10 GCC Basmati Rice Industry: Porter’s Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11 Key Market Drivers and Challenges
12 Cultivation and Harvesting of Basmati Rice
12.1 Land Requirements
12.2 Construction Requirements
12.3 Machinery Requirements
12.4 Labour Requirements
12.5 Climate Requirements
12.6 Soil Requirements and Treatment
12.7 Yield per Hectare
12.8 Period of Maturation
12.9 Seed Selection and Treatment
12.10 Land Preparation and Planting
12.11 Irrigation Requirements
12.12 Crop Protection
12.13 Storage and Packaging
12.14 Transportation
12.15 Total Costs Involved
12.15.1 Fixed Costs
12.15.2 Variable Costs
13 Processing of Basmati Rice
13.1 Detailed Process Flow
13.2 Various Unit Operations Involved
13.3 Land Requirements
13.4 Construction Requirements
13.5 Machinery Requirements
13.6 Raw Material Requirements
13.7 Packaging Requirements
13.8 Transportation
13.9 Utility Requirements
13.10 Total Costs Involved
13.10.1 Fixed Costs
13.10.2 Variable Costs
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Taxation and Depreciation
15.4 Income Projections
15.5 Expenditure Projections
15.6 Financial Analysis
15.7 Profit Analysis
16 Margins Across Various Stages of the Supply Chain
17 Key Player Profiles

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