Paddy Rice Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

Overview and Scope
Paddy rice refers to rice that is still in its husk as it is harvested from the field. The term “paddy” is derived from the Malay/Indonesia word “padi,” which means rice plant. Paddy rice undergoes several processing steps to become the polished white or brown rice that is commonly consumed. It is typically grown in flooded fields, which help to control weeds, provide a stable water supply, and create a favorable growing environment.

Sizing and Forecast
The paddy rice market size has grown steadily in recent years. It will grow from $303.97 billion in 2023 to $317.97 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to increased vulnerability to pests and diseases, increase the disposable income, increase in self-consciousness about health, increase in demand for fragrant and specialty rice, and increased cultivation.

The paddy rice market size is expected to see strong growth in the next few years. It will grow to $382.49 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing consumer preference for organic and specialty rice, increasing popularity of online grocery shopping, increasing the trade for long-grain rice, increasing global demand for japonica rice, and dietary preferences in many cultures. Major trends in the forecast period include the increasing use of technology in rice cultivation and processing, development of high-yielding rice, value-added processing and product innovation, water-saving techniques, and organic farming.

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Segmentation & Regional Insights
The paddy rice market covered in this report is segmented –

1) By Type: Indica, Japonica, Javanica, Other Types
2) By Variety: Long-Grain Rice, Medium-Grain Rice, Short-Grain Rice
3) By Nutrition: High Fiber, High Carbohydrates
4) By Distribution Channel: Hypermarkets And Supermarket, Departmental Stores, Online, Other Distribution Channels

North America was the largest region in the paddy rice Market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the paddy rice market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growth in the agriculture sector is expected to propel the growth of the paddy rice market going forward. The agriculture sector refers to the part of the economy that involves producing, processing, and distributing crops, livestock, and other agricultural products. The rising agriculture sector is due to shifts in dietary patterns and increased investment in agricultural research, development, and infrastructure. Paddy rice cultivation supports agriculture by providing food, income, environmental benefits, and cultural significance that encompass economic development, sustainable farming practices, and food security initiatives. For instance, in February 2024, according to the Department for Environment Food & Rural Affairs reports, a UK-based government agency, the average farm business income (FBI) across all UK farms increased significantly from USD 50461 (£46,500) in 2020/21 to USD 78133( £72,000) in 2021/22. Furthermore, the UK total income from Farming (TIFF) in 2022 was $6.61 billion(£7.9 billion), an increase of 17% from 2021 with USD 1.43 billion(£1.1 billion ). Therefore, growth in the agriculture sector drives the paddy rice market.

Key Industry Players
Major companies operating in the paddy rice market are REI Agro Ltd., Jumbotail Technologies Pvt. Ltd., LT Foods Limited, Bühler Group, KRBL Limited, Tilda, American Commodity Company (ACC) LCC , ERGOS Technology Partners Inc., American Rice Inc., Ebro Foods S.A , Taj Foods Limited, Agrico Organics Ltd., Sunshine Industries, McCormick & Company, Asia Golden Rice Co. Ltd., Thai Hua, Dhula Rice Mill Private Limited, Arya.ag, Prosperity Solutions Group, SME Business services Ltd

The paddy rice market report table of contents includes:

1. Executive Summary

2. Paddy Rice Market Characteristics

3. Paddy Rice Market Trends And Strategies

4. Paddy Rice Market – Macro Economic Scenario

5. Global Paddy Rice Market Size and Growth
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32. Global Paddy Rice Market Competitive Benchmarking

33. Global Paddy Rice Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Paddy Rice Market

35. Paddy Rice Market Future Outlook and Potential Analysis

36. Appendix

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