Global Rice Market Size To Exceed USD 447.84 Billion By 2033: Industry Analysis Report

RELEASE DATE: Jun 2025 Author: Spherical Insights
The Global Rice Market Size is Expected to Grow from USD 325.64 Billion in 2023 to USD 447.84 Billion by 2033, at a CAGR of 3.24% during the forecast period 2023-2033.

Table of Contents

Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis


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Global Rice Market Size To Exceed USD 447.84 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Rice Market Size is Expected to Grow from USD 325.64 Billion in 2023 to USD 447.84 Billion by 2033, at a CAGR of 3.24% during the forecast period 2023-2033.                               

 

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Rice Market Size, Share, and COVID-19 Impact Analysis, By Product (Long-grain, Medium-grain, and Short-grain), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.             

 

The rice market is the international market for the production, processing, distribution, and consumption of rice, a staple food grain and a major source of nutrition for more than a billion people across the globe. It involves all phases of the rice supply chain, from farm cultivation to trade and consumption. Moreover, driving factors in the rice market include a growing global population, increasing demand for rice-based products, advancements in rice cultivation technology, government policies supporting rice production, rising consumer awareness about the health benefits of rice varieties like brown rice, and the expansion of rice trade, particularly in emerging markets. However, restraints in the rice market include climate change affecting crop yields, water scarcity, high production costs, trade restrictions, fluctuating commodity prices, and competition from alternative staple foods like wheat and maize.

 

The long-grain segment accounted for the largest share of the global rice market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.   

Based on product, the global rice market is divided into long-grain, medium-grain, and short-grain. Among these, the long-grain segment accounted for the largest share of the global rice market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Its popularity is due to its versatility, longer shelf life, and desired texture for a variety of cuisines, particularly in countries such as North America, Europe, and South Asia, where it is widely consumed daily.  

 

The offline segment accounted for a substantial share of the global rice market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the distribution channel, the global rice market is divided into offline and online. Among these, the offline segment accounted for a substantial share of the global rice market in 2023 and is anticipated to grow rapidly during the projected period. This traditional channel continues to dominate due to its wide accessibility, allowing consumers to physically examine products before purchase and facilitating bulk buying. In regions with well-established retail infrastructures, offline stores remain the primary point of sale for rice products.  

 

Asia Pacific is projected to hold the largest share of the global rice market over the projected period. 

Asia Pacific is projected to hold the largest share of the global rice market over the projected period. As the largest producers and consumers of rice, countries like China, India, and Indonesia dominate the market. The region’s diverse rice consumption habits, combined with high production levels, contribute to its significant market presence and growth potential.

 

North America is expected to grow at the fastest CAGR of the global rice market during the projected period. The demand for rice, especially long-grain varieties, is driven by diverse consumer preferences and a growing inclination toward rice-based products. Mexico also contributes significantly to rice consumption in the region.

 

Company Profiling 

Major vendors in the global rice market are Kohinoor Foods Ltd., Adani Wilmar Limited, LT Foods, KRBL Limited, Aeroplane Rice Ltd., Sridhar Agro Product P Ltd, Gautam General Trading LLC, Sri Sainath Industry Pvt. Ltd., Shriram Food Industry Pvt. Ltd., Aashirvad International., and others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In February 2024, India's food ministry rolled out 'Bharat rice' at a discounted price of Rs 29(USD 0.35) per kg to offer relief in the face of a 15 percent increase in retail grain prices over the past year.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global Rice market based on the below-mentioned segments:

 

Global Rice Market, By Product

  • Long-grain
  • Medium-grain
  • Short-grain

 

Global Rice Market, By Distribution Channel

  • Offline
  • Online

 

Global Rice Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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