Data Bridge Market Research analyses that the paddy rice market was valued at USD 1.6 billion in 2021 and is expected to reach the value of USD 2.65 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029.
Paddy Rice Market research report includes segmentation of the global market on the basis of application, technology, end users, and region where each segment gives a microscopic view of the market. Details about the market drivers and market restraints included in this marketing report helps understand whether the demand of the products in ABC industry will rise or get lower. Moreover, Global Paddy Rice report not only presents with the valuable insights into the competitive landscape but also concentrates on minor as well as major factors influencing the business of key market players.
Qualitative and transparent research studies are performed devotedly to offer an excellent market research report for a certain niche. The product portfolios of all the companies profiled in the report are compared in detail in the product analysis section. Global Paddy Rice report provides the global market size and other information of the main players in each region. The report is accomplished with transparent research studies and is generated by a team work of experts in their own domain. The market studies, insights and analysis carried out in Global Paddy Rice market research report keeps marketplace clearly into the focus which helps achieve business goal.
Data Bridge Market Research analyses that the paddy rice market was valued at USD 1.6 billion in 2021 and is expected to reach the value of USD 2.65 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029.
Market Overview
Paddy rice is also known as rough rice because it contains the entire rice grain, including the hulls. It is a coarser product than brown rice and is used much less for animal feed than other grains because it is often more expensive and less available.
Global Paddy Rice Market Dynamics
Drivers
Growing demand for high quality rice
The growing demand for high nutritional rice is driving the global paddy rice market. Some properties of paddy rice, such as non-sticky texture, swollen nature due to high water absorption, and high mineral and vitamin content, drive the global parboiled rice market. The global paddy rice market is driven by the high demand for long rice grain type. As paddy rice cooks quickly, it has an advantage over other types of rice.
Global growth in rice production
People have become more self-conscious about their diets in recent years, and as a result, they are looking for more balanced diets with adequate carbohydrates. Many high-income countries have seen a shift in energy consumption for carbohydrate foods, particularly rice. Various dishes are becoming popular, with restaurants adopting rice dish trends. This is expected to drive market growth in the coming years. Eleven Asian countries account for approximately 87% of total global rice production. Eight of these countries account for approximately 35% of global rice exports. Rice production in Asia in general, and India and China in particular, has a significant impact on global food security.
Opportunity
Government initiative
Rising government initiatives for major domestic rice production industries are an important factor driving market growth. Furthermore, in the forecast period, innovative planting or cultivation technologies in the global rice sector will create new opportunities for the paddy rice market.
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Highlights of TOC
Chapter 1: Market overview
Chapter 2: Global Paddy Rice Market
Chapter 3: Regional analysis of the Global Paddy Rice industry
Chapter 4: Global Paddy Rice segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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