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Rice Market Outlook 2022–2028: Trends, Growth & Global Forecasts

  The   global   rice market   was valued at   USD 287.45 billion in 2021   and is projected to grow at a   compound annual growth rate (CAGR) of 2.2%   from   2022 to 2028. This growth is largely driven by the   expansion of the global food and restaurant sectors, which has significantly contributed to the increasing demand for rice. As a   staple food for more than half of the world's population, rice holds a central place in the global diet—particularly in the Asia Pacific region, which accounts for the largest share of consumption. This regional dominance continues to be a critical factor supporting overall market expansion. In addition to consumption trends, technological advancements in rice milling machinery and improvements in attractive and functional packaging are also boosting demand, particularly in emerging economies where modernization of food processing industries is accelerating. These enhanc...

Rice Market size is expected to reach USD 334.24 billion by 2028

  Rice Industry Overview The global  rice market  size is expected to reach USD 334.24 billion by 2028, registering a CAGR of 2.2% during the forecast period, according to a new report by Grand View Research, Inc. The rapidly growing food industry and rising spending on fast food products are expected to promote market growth. Moreover, continuous developments in rice mill machinery across the globe and attractive packaging have increased the demand for these products in emerging economies.   Rice Market Segmentation Grand View Research has segmented the global rice market on the basis of product, distribution channel, and region:   Based on the Distribution Channel Insights, the market is segmented into Offline and Online The offline channel contributed a share of more than 82% in the global rice market in 2021. Consumers are preferring the offline channel for the purchase of consumer goods, groceries, as well as food products such as grains, where they...