Rice Market – Overview
Rice is the starchy seeds of an Asian cereal grass that is cooked and used as a staple food. Rice forms the base of any cuisine in the Southeast Asian region and is now consumed worldwide for its filling nature. Rice primarily composes of carbohydrates and starch and can be wither consumed by boiling it alone or with different gravy, soups, and side dishes. Rice inventories are growing as global rice supplies improve. Rice is a major food staple and a source of food security for the rural population. Furthermore, in some countries, including India, rice is used as a wage consumer good for workers in commercial crop or non-agriculture sectors. The fact that rice is considered a staple in most parts of Asian countries is a prime factor boosting the sales growth of the global rice market during the forecast period set between 2021 and 2031.
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The global rice market is categorized on the basis of type, application, distribution channel, and region. In terms of type, the market is bifurcated into Indian variety and Pakistan variety. Based on application, the market is split into home and commercial applications. With respect to segmentation by distribution channel, the market is classified into online, grocery stores, hypermarkets or supermarkets, and others.
The research report on rice market is based on a qualitative and quantitative analysis of the market and its prime growth trajectories. This includes drivers, restraints, challenges, and new growth opportunities. The report also highlights the impact of the novel COVID19 pandemic on this market and how can players gain benefit from this situation. Moreover, the list of leading players in the rice market and their key contribution to the market is also discussed thoroughly in the report. For more information on this report, log on to the company website.
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Rice Market – Competitive Landscape
The nature of the global rice market is consolidated on account of the presence of some selected players. The key objective of players is to offer top quality products at beneficial prices so they can hold significant shares in the market competition. Some players are investing in R&D strategies to launch new products and gain significant revenues under their brand name. Other players are engaging in joint ventures and collaborative efforts to share the revenue and continue to maintain their position in the overall market competition.
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Some of the key players of the global Rice market include:
- Kohinoor Foods
- The Rice ‘n Spice International Ltd.
- Amira Nature Foods
- Lundberg Family Farms
- Surya Foods,
- TBA Suntra
- Amira Basmati Rice
- S.G.S. International Rice Company
- HBI
- Tilda
- East End Foods
- Uncle Ben’s
- Royal
- Other players
Rice Market - Growth Drivers
Rice is considered a staple food for the rural population. Furthermore, rice is used as a labor cost product for people in commercial crop or non-agricultural sectors in some nations, including India. Rice can be shaped in various forms and consumed in different way in different parts of the world. The expanding fast food industry and restaurants are the primary drivers of this market. Rice is one of the most popular cereals among consumers. Another driver promoting rice consumption is the world's growing population. Global demand for fragrant rice is gradually increasing. Furthermore, long rice, or high quality is premium class rice that is not devoured on a regular basis.
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