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...