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Mexico Rice Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 3.20% (2024-2032)
Mexico's diverse climate and fertile lands make it well-suited for rice cultivation, contributing to a robust domestic rice market. According to the latest report by IMARC Group, The Mexico rice market size reached 281.05 thousand Tons in 2023. Looking forward, IMARC Group expects the market to reach 386.39 thousand Tons by 2032, exhibiting a growth rate (CAGR) of 3.20% during 2024-2032.
Mexico Rice Industry Trends and Drivers:
The Mexico rice market is expanding rapidly, owing to the growing population as well as rising demand for rice-based goods. Primarily, one of the key factors is the increased popularity of rice as a staple food in both traditional and modern Mexican cuisine. Meanwhile, with a large percentage of the population incorporating rice in daily meals, the demand for various rice varieties, such as long-grain and short-grain, is steadily rising. In line with these factors, several initiatives of the government bodies to support local rice production and improve agricultural practices are also contributing to the growth of the Mexico rice market. Additionally, the expansion of the food processing business and the increasing trend of ready-made foods are further driving the demand for processed rice products, such as pre-cooked or instant rice.
Another notable trend in the Mexico rice market is the shift towards healthier, organic, and sustainably produced rice. As consumers become more health-conscious, the demand for organic rice varieties free from pesticides and chemicals is rising. This trend is supported by the heightened availability of such products in supermarkets and health food stores. Moreover, technological advancements in rice farming and milling processes have improved rice quality and yield, further boosting the market. Consequently, the rise of e-commerce platforms and online grocery shopping is also making rice products highly accessible to a broader audience. These factors, combined with ongoing investments in the agricultural sector, are expected to drive the continued growth of the Mexico rice market in the coming years.
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Mexico 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:
Northern States
Central States
Southern States
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
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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