Basmati Rice Market Expected to Reach US$17.74 bn by 2022

The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice ‘n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world’s population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. 

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The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region. 

“Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality,” says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan. 

The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. 

Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. 

On the flip side, high price of basmati rice over other rice variants is a key challenge to the market’s growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent.

Basmati Rice Market Proliferating at a Robust CAGR of 11.0% between 2017 & 2022

The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice ‘n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world’s population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. 

Get PDF Sample For More Information @https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745

The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region. 

“Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality,” says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan. 

The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. 

Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. 

On the flip side, high price of basmati rice over other rice variants is a key challenge to the market’s growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent.

Basmati Rice Market Anticipated to be Worth US$17.74 bn by 2022

The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice ‘n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world’s population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. 

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The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region. 

“Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality,” says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan. 

The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. 

Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. 

On the flip side, high price of basmati rice over other rice variants is a key challenge to the market’s growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent.

Global Basmati Rice Market to Report 11.0% CAGR between 2017 and 2022

The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice ‘n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world’s population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. 

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745

The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region. 

“Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality,” says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan.

The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. 

Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. 

Rising Awareness of Health Ill-effects of Prolonged Consumption of Polished Rice Crimps Growth 

On the flip side, high price of basmati rice over other rice variants is a key challenge to the market’s growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent.

Basmati Rice Market: Increasing Spending on Superior Grains across Consumer Groups Benefits Market

The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice ‘n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world’s population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. 

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745

The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region.

“Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality,” says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan.

The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. 

Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. 

Rising Awareness of Health Ill-effects of Prolonged Consumption of Polished Rice Crimps Growth 

On the flip side, high price of basmati rice over other rice variants is a key challenge to the market’s growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent.

Global Basmati Rice Market: Large Players Vie to Expand into Regional Markets

The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice ‘n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world’s population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. 

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745

The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region.

Increasing Spending on Superior Grains across Consumer Groups Benefits Market 

“Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality,” says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan. 

The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. 

Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. 

Rising Awareness of Health Ill-effects of Prolonged Consumption of Polished Rice Crimps Growth 

On the flip side, high price of basmati rice over other rice variants is a key challenge to the market’s growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent.

Basmati Rice Market - Report Offers Scores of Prospects 2022

Basmati rice has been enjoying a premium position in the global marketplace, which has reflected greatly on the growth of the market for basmati rice across the world. The high demand for basmati rice in Asian countries, with it being the staple food of most of the people, residing in this continent, has been supporting the global basmati rice significantly. With inventory prices going down steadily, this market is likely to keep a high pace of growth over the next few years.

The worldwide market for basmati rice is anticipated to present an opportunity worth US$10.51 bn by 2017. The market is further expected to rise to US$17.74 bn by 2022, proliferating at a robust CAGR of 11.0% during the period from 2017 to 2022. The export demand for basmati rice is projected to improve further in the near future, adding considerably to the market’s growth.

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Raw Basmati Rice to Remain Most Preferred

Primarily, three types of basmati rice is available across the global market: Raw, parboiled, and steamed. Among these, the demand for raw basmati is much greater than parboiled and steamed basmati rice around the world, thanks to its superior quality, fragrance, and taste. With a CAGR of 12.90% between 2017 and 2022, the raw basmati rice segment is anticipated to remain on the top over the next few years. Based on the species, basmati rice is available in two categories: white and brown. White basmati rice is more preferred among the masses. However, due to the rising awareness about its health benefits, brown basmati rice is anticipated to witness a high growth rate in the years to come.

In terms of application, the global basmati rice market is classified into the food and the cosmetic and personal care sectors. The food industry is reporting a higher demand for basmati rice in comparison with the cosmetic and personal care industry and this trend is expected to continue in the near future. By the sales channel, the market is categorized into HORECA, modern trade, online store, convenience store, and traditional grocery stores. Traditional grocery stores are still the main sales channel for basmati rice, with convenience stores closely following. Modern trade and online stores are attempting aggressively to keep up with the market.

APEJ to Dominate Global Basmati Rice Market

The worldwide basmati rice market is also classified on the basis of the geography. Asia Pacific excluding Japan (APEJ), North America, Europe, the Middle East and Africa (MEA), Japan, and Latin America have surfaced as the main regional segments of this market. Thanks to the high yield of paddy crop, APEJ has acquired the leading position in the global market. Researchers expect the APEJ market for basmati rise to occupy a share of more than 46% in the overall market by 2017.

Further, this regional market is anticipated to retain its dominance over the forthcoming years due to the increasing prices of paddy. Apart from APEJ, MEA, Europe, and Japan are also expected to experience steady growth in the years to come.

McCormick & Co. Inc., LT Foods Ltd., The Hain Celestial Group Inc., Estraco Kft., East End Foods, The Rice 'n Spice Int. Ltd., KRBL Ltd., Amira Nature Foods Ltd., Mars Inc., and REI Agro Ltd. are some the key vendors of basmati rice across the world.

Basmati Rice Market Expected to Rise further to US$17.74 bn by 2022

The global basmati rice market is undergoing a phase of significant improvement, thanks to steady rise in the demand from people across the world, states a new research study by Transparency Market Research (TMR). Since rice is the most prominent staple food for more than half of the world’s population, the leading payers in this market, such as McCormick & Co., LT Foods, Hain Celestial, East End Foods, Rice 'n Spice, Amira Nature Foods, and REI Agro, have ample opportunities for the growth of their businesses.

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These participants are expected to increase their focus on expanding in various regional markets across the world, for which, they are engaging into strategic partnerships. This, as a result, is anticipated to intensify the competition within the market in the years to come, notes the research study.

Global Basmati Rice Market to Report 11.0% CAGR between 2017 and 2022

Rice is one of the most crucial food crop and a staple for more than half of the population across the world. Owing to its fine quality, fragrance, and taste, basmati rice has gained a premium status among all the type of rice available, globally. “Thanks to the premium position basmati rice enjoys in the global rice market, the worldwide basmati rice market has been proliferating substantially,” says a TMR analyst. Nearly 90% of the production as well as consumption of basmati rice is centered in Asia, with China and India being the most prominent producers, as well as consumer of this type of rice.

The opportunity in the worldwide market for basmati rice is anticipated to reach US$10.51 bn by 2017. Proliferating at a robust CAGR of 11.0% over the period from 2017 to 2022, the market is expected to rise further to US$17.74 bn by the end of the period of the forecast. The increasing price of paddy crop and the declining inventory prices in Asian Countries are likely to reflect positively on the global market for the basmati rice in the years to come, states the research report.

Demand for Basmati Rice to Remain High in APEJ

The research report presents a comprehensive analysis of the global basmati rice market on the basis of a number of important market parameters. In terms of the geography, the report classifies this market into Asia Pacific excluding Japan (APEJ), North America, Europe, the Middle East and Africa (MEA), Japan, and Latin America. Among these, APEJ has surfaced the leading regional market for basmati rice. By 2017, the APEJ basmati rice market is expected to hold more than 46% of the overall market and is predicted to continue on the leading position throughout the forecast period.

Majorly, three types of basmati rice is consumed across the world: Raw, parboiled, and steamed. Among these, raw basmati registers a much greater demand than parboiled and steamed basmati rice, thanks to its superior quality, fragrance, and taste. With a CAGR of 12.90%, raw basmati rice is expected to remain to most preferred product in this market during the period of the forecast, reports the research study.

Basmati Rice Market Outlook and Forecast by 2022

Global Basmati Rice Market: Snapshot

Basmati rice has been enjoying a premium position in the global marketplace, which has reflected greatly on the growth of the market for basmati rice across the world. The high demand for basmati rice in Asian countries, with it being the staple food of most of the people, residing in this continent, has been supporting the global basmati rice significantly. With inventory prices going down steadily, this market is likely to keep a high pace of growth over the next few years.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745

The worldwide market for basmati rice is anticipated to present an opportunity worth US$10.51 bn by 2017. The market is further expected to rise to US$17.74 bn by 2022, proliferating at a robust CAGR of 11.0% during the period from 2017 to 2022. The export demand for basmati rice is projected to improve further in the near future, adding considerably to the market’s growth.

Raw Basmati Rice to Remain Most Preferred

Primarily, three types of basmati rice is available across the global market: Raw, parboiled, and steamed. Among these, the demand for raw basmati is much greater than parboiled and steamed basmati rice around the world, thanks to its superior quality, fragrance, and taste. With a CAGR of 12.90% between 2017 and 2022, the raw basmati rice segment is anticipated to remain on the top over the next few years. Based on the species, basmati rice is available in two categories: white and brown. White basmati rice is more preferred among the masses. However, due to the rising awareness about its health benefits, brown basmati rice is anticipated to witness a high growth rate in the years to come.

In terms of application, the global basmati rice market is classified into the food and the cosmetic and personal care sectors. The food industry is reporting a higher demand for basmati rice in comparison with the cosmetic and personal care industry and this trend is expected to continue in the near future. By the sales channel, the market is categorized into HORECA, modern trade, online store, convenience store, and traditional grocery stores. Traditional grocery stores are still the main sales channel for basmati rice, with convenience stores closely following. Modern trade and online stores are attempting aggressively to keep up with the market.

APEJ to Dominate Global Basmati Rice Market

The worldwide basmati rice market is also classified on the basis of the geography. Asia Pacific excluding Japan (APEJ), North America, Europe, the Middle East and Africa (MEA), Japan, and Latin America have surfaced as the main regional segments of this market. Thanks to the high yield of paddy crop, APEJ has acquired the leading position in the global market. Researchers expect the APEJ market for basmati rise to occupy a share of more than 46% in the overall market by 2017.

Further, this regional market is anticipated to retain its dominance over the forthcoming years due to the increasing prices of paddy. Apart from APEJ, MEA, Europe, and Japan are also expected to experience steady growth in the years to come.

McCormick & Co. Inc., LT Foods Ltd., The Hain Celestial Group Inc., Estraco Kft., East End Foods, The Rice 'n Spice Int. Ltd., KRBL Ltd., Amira Nature Foods Ltd., Mars Inc., and REI Agro Ltd. are some the key vendors of basmati rice across the world.

Basmati Rice Market: Players to Focus on Regional Expansion

The global basmati rice market is undergoing a phase of significant improvement, thanks to steady rise in the demand from people across the world, states a new research study by Transparency Market Research (TMR). Since rice is the most prominent staple food for more than half of the world’s population, the leading payers in this market, such as McCormick & Co., LT Foods, Hain Celestial, East End Foods, Rice 'n Spice, Amira Nature Foods, and REI Agro, have ample opportunities for the growth of their businesses.

These participants are expected to increase their focus on expanding in various regional markets across the world, for which, they are engaging into strategic partnerships. This, as a result, is anticipated to intensify the competition within the market in the years to come, notes the research study.

Global Basmati Rice Market to Report 11.0% CAGR between 2017 and 2022

Rice is one of the most crucial food crop and a staple for more than half of the population across the world. Owing to its fine quality, fragrance, and taste, basmati rice has gained a premium status among all the type of rice available, globally. “Thanks to the premium position basmati rice enjoys in the global rice market, the worldwide basmati rice market has been proliferating substantially,” says a TMR analyst. Nearly 90% of the production as well as consumption of basmati rice is centered in Asia, with China and India being the most prominent producers, as well as consumer of this type of rice.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745

The opportunity in the worldwide market for basmati rice is anticipated to reach US$10.51 bn by 2017. Proliferating at a robust CAGR of 11.0% over the period from 2017 to 2022, the market is expected to rise further to US$17.74 bn by the end of the period of the forecast. The increasing price of paddy crop and the declining inventory prices in Asian Countries are likely to reflect positively on the global market for the basmati rice in the years to come, states the research report.

Demand for Basmati Rice to Remain High in APEJ

The research report presents a comprehensive analysis of the global basmati rice market on the basis of a number of important market parameters. In terms of the geography, the report classifies this market into Asia Pacific excluding Japan (APEJ), North America, Europe, the Middle East and Africa (MEA), Japan, and Latin America. Among these, APEJ has surfaced the leading regional market for basmati rice. By 2017, the APEJ basmati rice market is expected to hold more than 46% of the overall market and is predicted to continue on the leading position throughout the forecast period.

Majorly, three types of basmati rice is consumed across the world: Raw, parboiled, and steamed. Among these, raw basmati registers a much greater demand than parboiled and steamed basmati rice, thanks to its superior quality, fragrance, and taste. With a CAGR of 12.90%, raw basmati rice is expected to remain to most preferred product in this market during the period of the forecast, reports the research study.

The review is based on a report by Transparency Market Research (TMR), titled “Basmati Rice Market (Type - Raw, Steamed, and Parboiled; Species - White and Brown; Application - Food and Cosmetic and Personal Care; Sales Channel - HORECA, Modern Trade, Convenience Store, Online Store, and Traditional Grocery Stores) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”