Global Paddy Rice Market, Size, Trends, By Type (Indica, Japonica, Javanica, Others), By Nutrition (High Fiber, High Carbohydrates), By Distribution (Hypermarkets/Supermarket, Departmental Stores, Others) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Paddy Rice Market
With a CAGR of 4.27 % from 2023 to 2030, the Global Paddy Rice Market is expected to grow from its estimated value of US$ 1.99 Bn in 2022 to US$ 2.92 Bn by 2030.
Because it contains the complete rice grain, including the hulls, paddy rice is often referred to as rough rice. Because it is frequently more expensive and scarcer, it is a product that is coarser than brown rice and utilised far less for animal feed than other grains.
Market Drivers
The growing demand for rice with high nutritional value is driving the global paddy rice industry. Some traits of paddy rice, such as its non-sticky texture, inflated nature as a result of quick water absorption, and high mineral and vitamin content, are what are driving the worldwide parboiled rice industry. The global paddy rice market is primarily driven by the escalating demand for long rice grain varieties. Paddy rice has the benefit of cooking more quickly than other types of rice.
People are looking for more balanced diets with adequate amounts of carbohydrates as a result of growing diet-related self-consciousness in recent years. The number of calories consumed by meals high in carbohydrates, particularly rice, has changed in many high-income countries. Restaurants are adopting rice dish trends as several meals grow in popularity. The market is expected to grow as a result in the years to come. Only 11 Asian countries generate more than 87% of the world's rice. Eight of these countries account for almost 35% of global rice exports. Global food security is significantly impacted by the production of rice in Asia, namely in India and China.
Market Restraints
The paddy rice market would have additional difficulties throughout the projection period as a result of the elevated price of paddy rice relative to regular rice, which is a significant factor acting as a restraint.
Market Segmentation
The scope of the Global Paddy Rice Market covers segmentation based on By Type, By Nutrition, By Distribution Channel and By Region.
By Type, the market is segmented into Indica, Japonica, Javanica, Others. By Nutrition, the market is segmented into High Fiber, High Carbohydrates. By Distribution Channel, the market is segmented into Hypermarkets/Supermarket, Departmental Stores, Others.
Regional Analysis
The Global Paddy Rice Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The geography of the paddy rice market is dominated by the Asia-Pacific area. The market has expanded significantly over the past 20 years as a result of the favourable geography and climate, rising consumption of low-calorie and high-fiber diets, and the presence of major market players in the area. This is due to rising rice exports from developing nations like China and India, supportive government programmes for rice farming, and rising per capita disposable income.
Key Players
Barilla G. e R. Fratelli S.p.A, Sunshine Industries, LUXOFOOD, Ebro Foods, S.A., F.lli De Cecco di Filippo, Dhula Rice Mill Private Limited, Skystar Exports Private Limited, Poseidon Overseas LLP, J.K.AgriGenetics Ltd, Guard Rice Mills.
Market Taxonomy
By Type
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