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According to our LPI (LP Information) latest study, the global Basmati Rice market size was valued at US$ 11920 million in 2023. With growing demand in downstream market, the Basmati Rice is forecast to a readjusted size of US$ 21530 million by 2030 with a CAGR of 8.8% during review period.
The research report highlights the growth potential of the global Basmati Rice market. Basmati Rice are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Basmati Rice. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Basmati Rice market.
Basmati rice has a typical pandan-like (Pandanus amaryllifolius leaf) flavour caused by the aroma compound 2-acetyl-1-pyrroline. Basmati grains contain about 0.09 ppm of this aromatic chemical compound naturally, a level that is about 12 times more than non-basmati rice varieties, giving basmati its distinctive spicy fragrance and flavour. This natural aroma is also found in cheese, fruits and other cereals. It is a flavoring agent approved in the United States and Europe, and is used in bakery products for aroma.
Global Basmati Rice key players include KRBL, Amira Nature Foods, LT Foods, Best Foods, Kohinoor Rice etc. Global top five manufacturers hold a share over 15%.
India is the largest market, with a share over 70%, followed by Pakistan and Kenya, both have a share over 20% percent.
In terms of product, Indian Basmati Rice is the largest segment, with a share over 70%. And in terms of application, the largest application is Direct Edible followed by Deep Processing.
Key Features:
The report on Basmati Rice market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Basmati Rice market. It may include historical data, market Segmentation by Type (e.g., Indian Basmati Rice, Pakistani Basmati Rice), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Basmati Rice market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Basmati Rice market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Basmati Rice industry. This include advancements in Basmati Rice technology, Basmati Rice new entrants, Basmati Rice new investment, and other innovations that are shaping the future of Basmati Rice.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Basmati Rice market. It includes factors influencing customer ' purchasing decisions, preferences for Basmati Rice product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Basmati Rice market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Basmati Rice market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Basmati Rice market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Basmati Rice industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Basmati Rice market.
Market Segmentation:
Basmati Rice market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Indian Basmati Rice
- Pakistani Basmati Rice
- Kenya Basmati Rice
- Others
Segmentation by application
- Direct Edible
- Deep Processing
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- KRBL
- Amira Nature Foods
- LT Foods
- Best Foods
- Kohinoor Rice
- Aeroplane Rice
- Tilda Basmati Rice
- Matco Foods
- Amar Singh Chawal Wala
- Hanuman Rice Mills
- Adani Wilmar
- HAS Rice Pakistan
- Galaxy Rice Mill
- Dunar Foods
- Sungold
Key Questions Addressed in this Report
What is the 10-year outlook for the global Basmati Rice market?
What factors are driving Basmati Rice market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Basmati Rice market opportunities vary by end market size?
How does Basmati Rice break out type, application?