This report provides exclusive insights into the COVID-19 impact on the Basmati Rice Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Basmati Rice Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Basmati Rice Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on basmati rice market provides in-depth analysis of segments and sub-segments in global as well as regional basmati rice market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional basmati rice market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global basmati rice market. According to the report, the global basmati rice market is projected to grow at a CAGR of 11.4% over the forecast period of 2018-2024.
Basmati is long, slender-grained
aromatic rice originated in India. It is considered a staple food of a specific
society and is consumed as an everyday meal or in every meal. Basmati rice is
divided into two types mainly as white and brown rice. Brown version of basmati
rice is considered healthier than white version due to brown rice is high in
soluble fiber and less in calories. This type of rice is different than the
other because it contains protein, carbohydrates, fiber, vitamins and minerals
and less fat. Basmati rice has many health benefits, and it is good for dieters
or people with medical issues. Some of the best Indian varieties of basmati
rice are Basmati 370, Basmati 217, Hanuman Basmati, Taraori (Karnal, Local,
HBC-19), Ranbir Basmati (IET 11348), Kasturi (IET 8580), Dehradun (Type 3),
Rice is the basic staple food of
most of the people residing in Asian countries. Hence there is a high demand
for basmati rice in these countries owing to its unique taste and health
benefits offered by basmati rice. This is a major factor which drives the
basmati rice market significantly. The benefits of eating basmati rice are, it
prevents cancer cell formation, helps to maintain a balanced weight, promote
heart health, lower blood pressure promotes healthy brain function, is fueling
the market growth. However, the high price of basmati rice compared to other
rice varieties can hamper the growth of the market. Furthermore, growing demand
for the rice as a staple food of more than half of the world populations is
projected to provide significant growth opportunities for the leading key
players in basmati rice market in the near future. Among the geographies,
Asia-Pacific region accounted to be the leading region in the basmati rice
market owing to high yield of paddy crop. In addition, India has the highest
production of basmati rice and exports basmati rice in various parts of the
world, which also boosts the market in the Asia-Pacific region. India accounts
for over 70% of the world's basmati rice production. Europe and Japan are also
expected to maintain steady growth during the forecast period.
The report on global basmati rice market covers segments such as species, application, and sales channel. On the basis of species, the global basmati rice market is categorized into white and brown. On the basis of application, the global basmati rice market is categorized into food, cosmetic and personal care. On the basis of the sales channel, the global basmati rice market is categorized into modern trade, convenience store, online store, traditional grocery stores, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global basmati rice market such as McCormick
& Company, REI
Agro Limited, Amira Nature Foods Ltd., KRBL
Foods Limited, The Hain Celestial Group, Inc., East
End Foods plc, The Rice 'N Spice International Limited and Mars Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global basmati rice market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of basmati rice market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the basmati rice market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the basmati rice market to understand the present and future trends in this market and formulate their strategies accordingly.