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Basmati Rice Market expected to reach US$17.7 Bn by 2022
by Bisbjeet121 · November 11, 2018
Basmati is the high quality long grain aromatic rice grown traditionally in Indian subcontinent. The rice posses distinctive features with delicious taste, flavor and superior aroma. It is the significant part of Indian cuisines and also used in the Persian Mike Conley City Edition Jersey , Middle Eastern and Arab cuisines. The major varieties of theBasmati rice聽include Pusa Basmati-1, Ranbir Basmati, Basmati 217, Basmati 386, Basmati 370 Cheap Jeff Hornacek Jersey , Basmati 198, and DP Basmati.
Basmati rice has been enjoying its premium position in the global marketplace, which is reflected with the growth of the market across the world. The growth in the global basmati rice is particularly due to its high demand in Asian countries, owing to its usage as staple food in the different cuisines, strong production and innovations in the agriculture technology. However Cheap Pete Maravich Jersey , the growth in the Basmati rice is curtailed due uncertainty over monsoon and decrease in agriculture land.
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In terms of revenue, the worldwide market for basmati rice is estimated to worth US$10.5 Bn by 2017 and expected to reach US$17.7 Bn by 2022, at a CAGR of 11.1% over the forecast period.
Market Segmentation, By Type
White Brown Other
Food and Cosmetics Personal Care
By Distribution Channel
HORECA Modern Trade Convenience Store Online Store Traditional Grocer Stores Other Channels
Raw Basmati Rice to Remain Most Preferred
Among three type of basmati rice, raw Cheap Adrian Dantley Jersey , parboiled and steamed, the demand of raw basmati is much higher as compared with steamed and parboiled across the world, owing to its superior quality, taste and fragrance. The raw basmati is expected to register a CAGR of 12.9% from 2017 to 2022, and will hold largest share over the period of time.
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Based on species Cheap Rudy Gobert Jersey , the basmati rice is available in two variants: White and Brown. Among the two, the White basmati is most preferred by the people. However, due to consumer awareness about the health benefits, brown rice is expected to witness high growth rate in the coming future.
In terms of application, the global basmati rice market is classified into the food and the cosmetic and personal care sectors. The food industry is reporting a higher demand for basmati rice in comparison with the cosmetic and personal care industry and this trend is expected to continue in the near future.
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