India Rice Market to Grow at a CAGR of 2.2% during 2024-2032

India Rice Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.2% (2024-2032)

India's vast agricultural landscape and diverse climatic conditions make it a major global player in rice production and consumption. According to the latest report by IMARC Group, the India rice market size is projected to exhibit a growth rate (CAGR) of 2.2% during 2024-2032.

India Rice Industry Trends and Drivers:

The India rice market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the growing population, changing consumer tastes, and increasing rice exports. Besides this, India is one of the top producers and exporters of rice in the world due to its extensive agricultural land and temperate climate. Meanwhile, policies of the government bodies supporting agricultural development, such as subsidies on fertilizers, seeds, and access to modern farming technologies, have bolstered rice production. In line with these factors, the rising preference for healthier, organically grown rice varieties among urban consumers is also contributing to diversification within the India rice market, creating opportunities for new products and brands. Additionally, the increasing focus on food security and self-sufficiency within the country enhances rice production and distribution networks.

Export demand further propels the India rice market as the nation remains a significant supplier of rice to global markets, especially in countries across the Middle East, Africa, and Southeast Asia. Furthermore, the need for Basmati and non-Basmati rice varieties is strong, supported by India's quality, competitive pricing, and export policy adjustments. In addition to these factors, emerging trends in the market also include the adoption of high-yield and drought-resistant rice varieties to improve productivity amidst changing climatic conditions. Moreover, India's role in addressing global food needs has intensified amid supply disruptions from other countries, positioning it as a crucial player in global rice supply chains. Consequently, the India rice market is expected to grow steadily in the coming years, driven by continued export demand, government initiatives, and evolving consumer trends.

Grab a sample PDF of this report: https://www.imarcgroup.com/india-rice-market/requestsample

India Rice Industry Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

• Regular

• Aromatic 

Type Insights:

• Red Rice

• Arborio Rice

• Black Rice

• Grain Fragrance Rice

• Brown Rice

• Rosematta Rice

• Grain Parboiled Rice

• Sushi Rice

• Others

Grain Size Insights:

• Long Grain

• Medium Grain

• Short Grain

Distribution Channel Insights:

• Offline Stores

• Online Stores

Application Insights:

• Food

• Feed

• Others

Regional Insights:

• South India

• North India

• West and Central India

• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145