Harvesting Potential: Rice Market Size, Share, and Growth Projections for Industry Analysis by 2032 || LT Foods Ltd., KRBL Limited, Ebro Foods Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Rice Global Market Report 2023 identifies the growing food and restaurant sector is expected to propel the growth of the rice market going forward. The food and restaurant sector refers to an industry that includes business that provides food to customers outside the house. This comprises eating establishments, takeout businesses, cafeterias, and restaurants. Rice is a frequent food essential for the food security of more than half the world's population, so an increasing food and restaurant sector will propel the rice market. For instance, in February 2023, according to a report published by National Restaurant Association, a US-based restaurant industry business association, the foodservice industry is expected to generate $997 billion in sales in 2023, a significant increase from the $898 billion in sales predicted in 2022.

The global rice market size is expected to grow from $28.06 billion in 2022 to $30.00 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rice market size is expected to reach $38.73 billion in 2027 at a CAGR of 6.6%.

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Major competitors in the rice market are LT Foods Ltd., KRBL Limited, Ebro Foods Inc., Aashirvad International, Lundberg Family Farms, Riviana Foods Inc., Adani Wilmar Limited, RiceSelect, Planet Rice, ConAgra Foods Inc.

A key trend in the rice market includes product innovations. Major companies operating in the rice market are focused on innovating new products to sustain their position in the market. For instance, in June 2022, Roquette, a France-based producer of plant-based ingredients, launched Nutralys, a new rice protein, to meet consumer demand for meat alternatives. The new rice protein features nutritious protein integrated with high production standards and high quality for consumers worldwide.

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The rice market is segmented -

1) By Type: Arborio Rice, Rosematta Rice, Red cargo Rice, Parboiled Rice, Sushi Rice, Wild Rice, Glutinous Rice, Other Types

2) By Length: Long Grain Rice, Medium Grain Rice, Short Grain Rice

3) By Color: White Rice, Brown Rice, Red Rice, Black Rice

4) By Distribution Channel: Hypermarket, Supermarket, Convenience Store, Departmental Retail Stores, Online Stores, Other Distribution Channels

5) By Application: Residential, Commercial

6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the rice market.

The Business Research Company's "Global Rice Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Rice Market Include:
1. Executive Summary
2. Rice Market Characteristic
3. Rice Market Trends And Strategies
4. Rice Market - Macro Economic Scenario
5. Rice Market Size And Growth
……………
27. Rice Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rice Market
29. Rice Market Future Outlook And Potential Analysis
30. Appendix

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