Global Rice Market Report 2023: Market Size, Top Segments And Key Trends

The Rice Global Market Report 2023, provides comprehensive information on the rice market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Rice Global Market Report 2023, the market size is expected to grow from $28.06 billion in 2022 to $30.00 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rice market size is expected to reach $38.73 billion in 2027 at a CAGR of 6.6%.

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Product innovations are a key trend gaining popularity in the rice market. Major companies operating in the rice market are focused on innovating new products to sustain their position in the market. For instance, in June 2022, Roquette, a France-based producer of plant-based ingredients, launched Nutralys, a new rice protein, to meet consumer demand for meat alternatives. The new rice protein features nutritious protein integrated with high production standards and high quality for consumers worldwide. Nutralys provides a plant protein source that is non-GM and gluten-free to pair with Roquette’s Nutralys pea protein for a complete vegetarian protein supplement for specialized nutrition.

The rice market is segmented:

1) By Type: Arborio Rice, Rosematta Rice, Red cargo Rice, Parboiled Rice, Sushi Rice, Wild Rice, Glutinous Rice, Other Types
2) By Length: Long Grain Rice, Medium Grain Rice, Short Grain Rice
3) By Color: White Rice, Brown Rice, Red Rice, Black Rice
4) By Distribution Channel: Hypermarket, Supermarket, Convenience Store, Departmental Retail Stores, Online Stores, Other Distribution Channels
5) By Application: Residential, Commercial

Asia-Pacific was the largest region in the rice market in 2022.

The table of contents in TBRC’s rice market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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