Global Rice Market - Procurement Intelligence Report

About Rice Market

Rice is a cereal grain that belongs to the grass species Oryza sativa or Oryza glaberrima. Milling of paddy generates about 22% husk and 78% rice. Rice consists of various parts, such as endosperm, hull, bran layers, awn, and germ (embryo). The spend momentum of this market will be attributed to the increasing popularity of white rice that is expected to grow at a CAGR of nearly 2% during the forecast period. This growth can be attributed to the increase in demand owing to the growing population, particularly in Asian countries where rice is a staple food.

Covered in this report

The report provides actionable insights to improve source-to-contract cycle performance in the Global Rice Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

The report, Global Rice Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to the optimization of category spend.

Category driver

• Increase in the adoption of rice as a staple food in many African and South American countries

Category management strategy

• Ensure that suppliers adhere to regulations/requirements for organic rice while procuring the same

Procurement best practices

• Comprehensive assessment of suppliers' ability to provide integrated services

Key questions answered in this report

• What are the market dynamics?
• What are the key market trends?
• What are the category growth drivers?
• What are the constraints on category growth?
• Who are the suppliers in this market?
• What are the demand-supply shifts?
• What are the major category requirements?
• What are the procurement best practices in this market?

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