global brown
rice market is estimated at US$ 9843 Million. The market is likely
to reach nearly US$ 17895.2 Million by 2032, with a growing CAGR of 6.2% from
2022 to 2032. The COVID-19 had a global impact which was staggering and
unprecedented and witnessed a lucrative impact on demand for brown rice across
all the region amidst the pandemic.
Rice is one of the major staple food, consumed across the
globe by more than half of the total world’s population. Rice is produced and
milled globally, yet major percentage of total rice produced is consumed in the
countries where it is produced, but growing demand in some areas is driving the
international rice trade between the regions.
Most of the rice is consumed and produced in Asia and
Central-Asian countries like India, Pakistan and Thailand accounts for
approximately 90% of world rice production. Due to high export of rice to other
countries, the current share in global rice consumption of these countries is
slightly lesser than the total production.
Brown rice is the edible whole grain rice, with its
outer hull removed. Since, brown rice goes through less processing, it is high
in nutritional values as compared to whole white rice. Due to increasing
preference towards healthy eating habits and increasing health consciousness,
brown rice market is expanding at higher CAGR, compared to overall rice market.
Brown rice demand is picking up in the major importing countries, which is
attracting the interest of major producers to focus on producing brown rice.
Geographically, brown rice market can be segmented by
regions into North America, Latin America, Western and Eastern Europe, Asia-Pacific,
Japan and Middle East & Africa.
Asia-pacific is the most dominant market in terms of
production and consumption. Thailand is the world’s largest exporter of rice,
including brown rice, followed by Vietnam and India. Major importing countries
are dispersed and top 10 importing countries only account for less than 50% of
global rice imports.
Major countries consuming brown rice are Indonesia,
Philippines, Iran, Nigeria and few European countries. Latin American countries
are expected to exploit the availability of land and water emerge as the major
producer and exporter of rice, during the forecast period.
Brown Rice Market Drivers:
Brown Rice market is increasing with respect to the growth
of rice trade between the countries. Brown market is projected to expand at a
higher pace compared to rice market, due to shifting preference towards healthy
eating habits and nutrients provided by brown rice, such as vitamins (B),
phosphorus, and magnesium, makes it a preferred choice for many
health-conscious customers.
Due to increasing demand, the manufacturers are focusing on
launching new brown rice brands and making renewed efforts to attract
health-conscious people. Demand for brown rice is also emerging from various
Middle-East and African countries, driving the growth of
brown rice market. Innovation in packaging and changing food preference such as
emergence of ready-to-eat food product will result in introduction of
ready-to-cook brown rice, during the forecast period. In majority of countries
where brown rice was earlier preferred by only diabetic patients, is now
getting traction from growing number of fitness conscious consumers. Increasing
per capita consumption of rice in countries where it is not a staple food is
also expected to support the growth of brown rice market
Brown Rice Market Key Players:
Brown Rice market is a part of global rice market and major
supplier are concentrated in Asia-Pacific region which manufactures, market and
export brown rice on large scale. Few of the major players in brown rice market
are T.K. Ricemill and Ash, Asia Golden Rice Co.,Ltd., Daawat, Shiva Shellac And
Chemicals, Amira Nature Foods Ltd., Chandrika Group of Mills, Riviana Foods
Inc., Ebro Foods, Agistin Biotech Pvt. Ltd., and SunFoods, LLC.
Read More: https://www.futuremarketinsights.com/reports/brown-rice-market