Alternative Financing Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast 2022 - 2028
Rice Market Growth & Trends The global rice market size is expected to reach USD 334.24 billion by 2028, registering a CAGR of 2.2% during the forecast period, according to a new report by Grand View Research, Inc. The rapidly growing food industry and rising spending on fast food products are expected to promote market growth. Moreover, continuous developments in rice mill machinery across the globe and attractive packaging have increased the demand for these products in emerging economies. The lockdown situation that has resulted from the COVID-19 pandemic has not significantly affected the rice industry, as compared to the other industries. The increasing demand for cereal grain across the globe is propelling market growth. Moreover, the rising demand for packaged and fast-food products in the post-COVID period will create several growth opportunities for the market players. The medium-grain segment is expected to advance at the fastest CAGR of 2.4% from 2022 to 2028. Rice is a convenient form of nutritious and healthy food that is made available to consumers through retail channels, which is driving the growth of the market. Additionally, technological developments and advancements in the rice mill machinery have projected the growth of this segment during the forecast period. Moreover, the growing popularity and demand for fast food items, coupled with the increasing disposable income of consumers, are significant factors for the market growth. Browse full report with Table of Content (PDF with All Related Graph and Chart)
@: https://www.grandviewresearch.com/industry-analysis/rice-market-report Asia Pacific made the largest contribution to the global market for rice with over 77% revenue share in 2021. China, India, Indonesia, and Bangladesh have a huge consumer base for the consumption of food products, which will drive the regional demand. Moreover, this region is expected to advance at a noticeable growth rate during the forecast period, owing to the rising disposable income of consumers, coupled with the rising population in this region. Rice Market Report Highlights
Asia Pacific accounted for the largest market share of more than 77% in 2021 owing to a huge consumer base in the region
The medium-grain segment is expected to foresee the fastest growth during the projection period, with a CAGR of 2.4% from 2022 to 2028, due to the growing popularity of fast-food products across the globe
The offline distribution channel held the largest market in share in 2021, contributing more than 82% of the total revenue, due to the easy access and search for various rice products
North America is expected to register the fastest growth rate of 3.9% from 2022 to 2028, due to the growing demand for fragrant and specialty rice in the region
Rice Market Segmentation Grand View Research has segmented the global rice market on the basis of product, distribution channel, and region: Rice Product Outlook (Revenue, USD Billion, 2017 - 2028) Long-grain
Medium-grain
Short-grain
Rice Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2028) Offline
Online
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https://www.grandviewresearch.com/industry-analysis/rice-market-report/request/rs1 Rice Regional Outlook (Revenue, USD Billion, 2017 - 2028) North America
o
U.S.
o
Germany
o
U.K.
o
France
o
China
o
Indonesia
o
India
Europe
Asia Pacific
Central & South America o
Brazil
Middle East & Africa o
South Africa
List of Key Players of Rice Market Kohinoor Foods Ltd.
Adani Wilmar Limited
LT Foods
KRBL Limited
Aeroplane Rice Ltd.
Sridhar Agro Product P Ltd
Gautam General Trading LLC
Sri Sainath Industry Pvt. Ltd
Shriram Food Industry Pvt. Ltd.
Aashirvad International
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A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality. The report provides a holistic view of the competitive scenario Rice Market.
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About Grand View Research Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.