India Basmati Rice Market Report 2023-28: Consumption & Price Trends, Top Companies Share, Size, Sales Value, Future Forecast
The latest report by IMARC Group, titled “India Basmati Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the India basmati rice market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India basmati rice market is expected to exhibit a growth rate (CAGR) of 1.1% during 2023-2028. Basmati rice is a long-grained aromatic rice variant originating in the Indian subcontinent. It is characterized by a nutty flavor and floral aroma that is available in white and brown variants and is famous in rice pilaf and as a side dish for a curry. It is a rich source of vitamins, fibers, zinc, copper, calcium, magnesium, potassium, and carbohydrates, and contains lower amounts of sodium that help in improving brain health, easing weight loss, promoting digestion, and regulating blood pressure levels. It is either served plain or with accompaniments and is cooked with spices to prepare savory rice dishes. Some of the commonly available varieties in India include dehraduni, mahi sugandha, taraori, and improved pusa basmati.
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India Basmati Rice Market Trends:
The growing consumption of long-grain specialty rice variants among the masses is driving the market in India. Moreover, the increasing adoption of basmati rice in the food and beverage sector for the preparation of various traditional Indian cuisines, such as biryani, desserts, and pilafs, is catalyzing the market. Besides, numerous major companies are focussing on introducing new varieties and developing innovative packaging solutions that provide flexibility and convenience to consumers, are acting as other growth-inducing factors. Additionally, the rising initiatives and support by the government to increase production and strengthen rice farming are augmenting the market. Other factors, including changing dietary patterns and inflating disposable income levels of individuals, are also fostering product demand across India.
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Key Market Segmentation:
Breakup by Type of Rice:
- Parboiled
- Raw
Breakup by Pack Size:
- Retail Packaging
- Institutional Packaging
Breakup by Distribution Channel:
- Offline Stores
- Online Stores
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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