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DUBLIN--(BUSINESS WIRE)--Dec 1, 2022--
The "Rice Market, Size, Global Forecast 2022-2027, Industry Trends, Share, Growth, Insight, Impact of COVID-19, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
Global Rice Market will be US$ 315.6 Billion by the end of the year 2027 from US$ 235.9 Billion in 2021, growing at a CAGR of 4.97%.
Rice is the staple foodstuff of over half of the world's population, with over 700 million tons produced each year. While most rice is consumed in the nations where it is grown, increased demand benefits the worldwide rice trade. Furthermore, most rice is farmed and consumed across Asia, from Pakistan to Japan. As a result, Asia is referred to as 'Rice-producing Asia,' excluding Mongolia and Central Asia.
Rice, a staple food in many industrialized and developing countries, has long been regarded as a strategic commodity, susceptible to various government controls and interventions. On the other hand, rice is a vital wage commodity and cash crop for workers in non-agricultural industries. Support from governments and other organizations in developing countries, technological advancements, and demand for higher-quality rice from Gulf countries during festive seasons drive the global rice industry.
Global Rice Consumption Markets
Unlike maize and wheat, most rice is consumed locally and does not enter foreign markets. Nonetheless, the worldwide rice trade has grown in volume. A limited number of exporting countries engage with many importing countries in the global rice trade. China, India, Bangladesh, Indonesia, Vietnam, Philippines, Thailand, Myanmar, Japan, and Brazil are all covered in our report. According to our research, China has continually been the world's most significant rice consumer.
China, India, and Bangladesh Key Producers in the Global Market
Production and domestic price variations may force countries to enter and depart the international market in substantial numbers. Furthermore, bad weather may lead to higher domestic pricing due to lower production, encouraging purchases from the global market. Despite the scenario, China, India, and Bangladesh remain the world's top three rice producers, according to our analysis.
Philippines Rice Import Forecast Extensive Market
The import markets for the Philippines, the EU-27, China, Nigeria, Cote d'Ivoire, Saudi Arabia, the United Arab Emirates, Iran, Iraq, and Senegal are all included in our report. According to our analysis, following quantitative limits on rice imports, the Philippines is the largest rice importer. Through the Rice Competitiveness Enhancement Fund, the Philippines Department of Agriculture also implements projects to boost production through improved quality seeds, machinery, farm loans, and extension.
India, Thailand, and Vietnam Exports Experiences Significant Presence in the Market
The export market in India, Thailand, Vietnam, Pakistan, and the United States is examined in our report. China, Myanmar, Cambodia, Uruguay, and Paraguay are involved.
According to our analysis, due to their proximity and competitive rates, India, Thailand, and Vietnam are typically the leading suppliers to the worldwide market. These key rice exporters have lower import taxes than other countries. Aside from enhanced production, government rules, and controllable prices from conventional suppliers, export operations are greatly aided by these reasons.
The COVID-19 Pandemic Devised a Decline in Global Rice Industry
The COVID-19 pandemic, as per the recent research from the University of Arkansas System Division of Agriculture, prompted a spike in global rice prices in the second quarter of 2020. Despite large rice reserves and a worldwide rice output record in 2020, rice prices have remained higher than projected since then.
Because of lesser demand, most stock prices rose during the pandemic, but rice prices fell. As a result of the residual uncertainty about the trustworthiness of international markets following the worldwide COVID-19 crisis, the rice market shrank.
Company Analysis
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Rice Market
6. Global Rice Volume
6.1 By Production
6.2 By Consumption
6.3 By Import (Top 10 Countries)
6.4 By Export (Top 10 Countries)
7. Share Analysis - Rice Market & Volume Analysis
7.1 Market Share
7.1.1 By Consuming Country
7.2 Volume Share
7.2.1 By Producing Country
7.2.2 By Importing Country
7.2.3 By Exporting Country
8. Consuming Country - Rice Market & Volume Analysis
8.1 China
8.1.1 Market
8.1.2 Volume
8.2 India
8.2.1 Market
8.2.2 Volume
8.3 Bangladesh
8.3.1 Market
8.3.2 Volume
8.4 Indonesia
8.4.1 Market
8.4.2 Volume
8.5 Vietnam
8.5.1 Market
8.5.2 Volume
8.6 Philippines
8.6.1 Market
8.6.2 Volume
8.7 Thailand
8.7.1 Market
8.7.2 Volume
8.8 Myanmar
8.8.1 Market
8.8.2 Volume
8.9 Japan
8.9.1 Market
8.9.2 Volume
8.10 Brazil
8.10.1 Market
8.10.2 Volume
8.11 Others
8.11.1 Market
8.11.2 Volume
9. Producing Country - Rice Volume Analysis
9.1 China
9.2 India
9.3 Bangladesh
9.4 Indonesia
9.5 Vietnam
9.6 Thailand
9.7 Myanmar
9.8 Philippines
9.9 Japan
9.10 Pakistan
9.11 Other
10. Exporting Country - Rice Volume Analysis
10.1 India
10.2 Thailand
10.3 Vietnam
10.4 Pakistan
10.5 United States
10.6 China
10.7 Myanmar
10.8 Cambodia
10.9 Uruguay
10.10 Paraguay
11. Importing Country - Rice Volume Analysis
11.1 Philippines
11.2 EU-27
11.3 China
11.4 Nigeria
11.5 Cote D ivoire
11.6 Saudi Arabia
11.7 United Arab Emirates
11.8 Iran
11.9 Iraq
11.10 Sengal
12. Company Analysis
12.1 Overview
12.2 Recent Development
12.3 Revenues
For more information about this report visit https://www.researchandmarkets.com/r/a4o2kv
View source version on businesswire.com:https://www.businesswire.com/news/home/20221201005554/en/
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KEYWORD:
INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/01/2022 05:13 AM/DISC: 12/01/2022 05:13 AM
http://www.businesswire.com/news/home/20221201005554/en