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Basmati Rice Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5703417
Major players in the basmati rice market are Dunar Foods Ltd., Amar Singh Chawal Wala, LT Foods Ltd, KRBL Ltd, Adani Wilmar Limited, Amira Nature Foods Ltd., REI Agro Ltd, East End Foods, Aeroplane Rice, Pari India, Golden Foods, Lakshmi Group, Supple Tek industries Pvt ltd., Sulson Overseas Pvt. Ltd., and McCormick & Company Incorporated.

The global basmati rice market is expected to grow from $8.93 billion in 2021 to $10.19 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The basmati rice market is expected to grow to $15.76 billion in 2026 at a compound annual growth rate (CAGR) of 11.5%.

The basmati rice market consists of sales of Dehraduni Basmati, Mahi Sugandha, Taraori Basmati, Improved Pusa Basmati 1, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Basmati rice refers to long-grained aromatic rice grown for many centuries in the Himalayan foothills of the Indian sub-continent, blessed with characteristics of extra-long slender grains that elongate at least twice their original size with a characteristics soft and fluffy texture upon cooking, delicious taste, superior aroma, and distinct flavor. It is a long-grain rice that is characterized by a light nutty flavor and floral aroma, and it's popular in rice pilaf and as a side dish for a curry.

Asia Pacific was the largest region in the basmati rice market in 2021. The regions covered in the basmati rice market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of products in basmati rice market are parboiled. raw. and steamed. Parboiled refers to rice that has been prepared for eating after being partially precooked in its inedible husk. The different species include white, brown, and others that are distributed through convenience store, modern trade, online store, and traditional grocery stores. It is used in industrial and household applications.

A rise in demand for aromatic rice is expected to propel the growth of the basmati rice market going forward. Rice having natural chemical components that give it a distinct scent is known as aromatic rice. There are several aromatic rice varieties, from the well-known basmati to the considerably less well-known Randhunipagal. Although it can be prepared in the same way as regular rice, it gives food a distinct flavor and scent. Basmati rice is steadily replacing other types of rice due to its excellent flavor and aroma, which are extremely palatable. For instance, in October 2020, according to The Economic Research Service, a US-based Government agency, Thailand accounted for the majority of the increase in rice imports to the United States in 2019-20, up about 29% from the previous year. The majority (80-85%) of Thailand's exports to the US have been of the expensive, aromatic jasmine rice variety. A record 262,000 tonnes of rice were imported by the United States from Pakistan and India combined in 2019-20, the majority of which was basmati rice, another premium aromatic. Therefore, the rise in demand for aromatic rice is driving the growth of the basmati rice market.

Technological advancements are a key trend gaining popularity in the basmati rice market. Major companies operating in the market are using advanced technologies to sustain their position in the market. For instance, in October 2021, Galaxy Rice Industries Private Limited, an India-based food processing company launched Galaxy Quick Cooking Brown Basmati Rice that uses German VDF Technology to hydrate the bran layer. The unique features of Galaxy Quick Cooking Protein, calcium, magnesium, phosphorus, vitamin B1 and B6, and a significant amount of dietary fibre are all included in brown basmati rice. Additionally, it offers early and whole-grain cooking in under 15 minutes.

In May 2022, Adani Wilmar Ltd, an India-based packaged food FMCG company acquired Kohinoor Brand from McCormick Switzerland GMBH for an undisclosed amount. With this acquisition, Adani Wilmar's position as the market leader in India's basmati rice and food industry is expected to strengthen with the inclusion of the domestic brand portfolio from Kohinoor. Kohinoor is an India-based manufacturer of basmati rice.

The countries covered in the basmati rice market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The basmati rice market research report is one of a series of new reports that provides basmati rice market statistics, including basmati rice industry global market size, regional shares, competitors with basmati rice market share, detailed basmati rice market segments, market trends, and opportunities, and any further data you may need to thrive in the basmati rice industry. This basmati rice market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.



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Frequently Asked Questions about the Global Basmati Rice Market

What is the estimated value of the Global Basmati Rice Market?

The Global Basmati Rice Market was estimated to be valued at $10.19 billion in 2022.

What is the growth rate of the Global Basmati Rice Market?

The growth rate of the Global Basmati Rice Market is 11.5%, with an estimated value of $15.76 billion by 2026.

What is the forecasted size of the Global Basmati Rice Market?

The Global Basmati Rice Market is estimated to be worth $15.76 billion by 2026.

Who are the key companies in the Global Basmati Rice Market?

Key companies in the Global Basmati Rice Market include Dunar Foods Ltd., Amar Singh Chawal Wala, LT Foods Ltd., KRBL Ltd., Adani Wilmar Limited, Amira Nature Foods Ltd., REI Agro Ltd., East End Foods and Pari India.

Table of Contents

1. Executive Summary2. Basmati Rice Market Characteristics3. Basmati Rice Market Trends And Strategies
4. Basmati Rice Market - Macro Economic Scenario
4.1. COVID-19 Impact On Basmati Rice Market
4.2. Ukraine-Russia War Impact On Basmati Rice Market
4.3. Impact Of High Inflation On Basmati Rice Market
5. Basmati Rice Market Size And Growth
5.1. Global Basmati Rice Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Basmati Rice Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Basmati Rice Market Segmentation
6.1. Global Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Parboiled
  • Raw
  • Steamed
6.2. Global Basmati Rice Market, Segmentation By Species, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • White
  • Brown
  • Other Species
6.3. Global Basmati Rice Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Convenience Store
  • Modern Trade
  • Online Store
  • Traditional Grocery Stores
6.4. Global Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Industrial
  • Household
7. Basmati Rice Market Regional And Country Analysis
7.1. Global Basmati Rice Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Basmati Rice Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Basmati Rice Market
8.1. Asia-Pacific Basmati Rice Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Basmati Rice Market
9.1. China Basmati Rice Market Overview
9.2. China Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Basmati Rice Market
10.1. India Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Basmati Rice Market
11.1. Japan Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Basmati Rice Market
12.1. Australia Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Basmati Rice Market
13.1. Indonesia Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Basmati Rice Market
14.1. South Korea Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Basmati Rice Market
15.1. Western Europe Basmati Rice Market Overview
15.2. Western Europe Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Basmati Rice Market
16.1. UK Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Basmati Rice Market
17.1. Germany Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Basmati Rice Market
18.1. France Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Basmati Rice Market
19.1. Eastern Europe Basmati Rice Market Overview
19.2. Eastern Europe Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Basmati Rice Market
20.1. Russia Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Basmati Rice Market
21.1. North America Basmati Rice Market Overview
21.2. North America Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Basmati Rice Market
22.1. USA Basmati Rice Market Overview
22.2. USA Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Basmati Rice Market
23.1. South America Basmati Rice Market Overview
23.2. South America Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Basmati Rice Market
24.1. Brazil Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Basmati Rice Market
25.1. Middle East Basmati Rice Market Overview
25.2. Middle East Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Basmati Rice Market
26.1. Africa Basmati Rice Market Overview
26.2. Africa Basmati Rice Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Basmati Rice Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Basmati Rice Market Competitive Landscape And Company Profiles
27.1. Basmati Rice Market Competitive Landscape
27.2. Basmati Rice Market Company Profiles
27.2.1. Dunar Foods Ltd.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Amar Singh Chawal Wala
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. LT Foods Ltd
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. KRBL Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Adani Wilmar Limited
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Basmati Rice Market29. Basmati Rice Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Basmati Rice Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global basmati rice market.

This report focuses on basmati rice market which is experiencing strong growth. The report gives a guide to the basmati rice market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the basmati rice? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Basmati Rice market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider basmati rice market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The basmati rice market section of the report gives context. It compares the basmati rice market with other segments of the basmati rice market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, basmati rice indicators comparison.

Scope

Markets Covered:

1) By Product: Parboiled; Raw; Steamed
2) By Species: White; Brown; Other Species
3) By Distribution: Convenience Store; Modern Trade; Online Store; Traditional Grocery Stores
4) By Application: Industrial; Household

Companies Mentioned: Dunar Foods Ltd.; Amar Singh Chawal Wala; LT Foods Ltd.; KRBL Ltd.; Adani Wilmar Limited

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dunar Foods Ltd.
  • Amar Singh Chawal Wala
  • LT Foods Ltd.
  • KRBL Ltd.
  • Adani Wilmar Limited
  • Amira Nature Foods Ltd.
  • REI Agro Ltd.
  • East End Foods
  • Aeroplane Rice
  • Pari India
  • Golden Foods
  • Lakshmi Group
  • Supple Tek industries Pvt. ltd.
  • Sulson Overseas Pvt. Ltd.
  • McCormick & Company Incorporated.

Methodology

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