Brown Rice Market
Report ID: SQMIG30H2139
Report ID:
SQMIG30H2139 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
116
|Figures:
77
Brown Rice Market size was valued at USD 9.3 billion in 2019 and is poised to grow from USD 9.9 billion in 2023 to USD 14.9 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).
Brown rice is a whole grain rice with the inedible outer hull removed. This kind of rice sheds its outer hull or husk but the bran and germ layer remain on, constituting the brown or tan colour of rice. Brown rice and white rice have similar amounts of calories and carbohydrates. Between 72 and 82% of the dry weight of brown rice is starch, of which the majority is in the form of digestible starch. Brown rice therefore has the lowest protein and fiber content of cereal grains but the highest starch and carbohydrate content whilst its energy content is the second highest, after oats. Due to the low dietary fiber content there was a delay before the US FDA considered brown rice as a whole grain. These are usually preferred over white grains as they are rich in fiber, vitamins, phosphorus, selenium and magnesium. The consumption of the product is increasing due to the increasing number of people with diabetes and obesity. It is highly nutritious and considered a healthy food for growing babies and young children. Fitness-conscious consumers are on the rise. Packaging innovation, emergence of new brands and availability of ready-to-cook products will have a positive impact on industry growth.
US Brown Rice Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Brown Rice Market is segmented based on the nature, length, type, distribution channel, and region. Based on nature, global brown rice market is segmented into organic and conventional. Based on type, the global brown rice market is segmented into sweet brown rice and brown basmati rice. Based on length, global brown rice market is categorized into long-grain brown rice, medium-grain brown rice, and short-grain brown rice. On the basis of distribution channel, global brown rice market is segmented into department stores, grocery stores, super/ hyper stores, and online retailers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Brown Rice Market Analysis by Length
Long grain had higher share in the global market with their growing use. Long grains are firm, plump and inconspicuous after cooking, which is why they are increasingly used in social gatherings, pilafs, sautés and various other dishes. These require more cooking time as compared to others. Long brown grain rice needs rich nutrient soil together with a warm climate to grow well. Although grown all over the world, the key growth countries include China, USA, Thailand and South America, where the climate is perfect for cultivating the long grain rice crop.
Medium grain brown rice is softer and has a nutty flavor after cooking. They are mainly used in soups and mixed vegetables. Medium grain rice is more of a Mediterranean thing, think of Risotto and Paella.
Brown Rice Market Analysis by Nature
The demand for organic rice is increasing as the world's population embraces the importance of healthier food and environmental sustainability is healthier and more nutritious for consumers. Organic brown rice is low in calories and an excellent source of healthy nutrients such as fiber, phytochemicals and essential minerals. In addition to promoting good digestion and healthy weight management, whole grains help reduce the risk of heart disease and certain types of cancer. Most of the consumer interest comes from Northwest Europe due to UK-led rice production and lack of traditional consumption. The growing demand for sustainable, healthy food opens up opportunities for organic and fair-trade labeled brown rice.
Conventional brown rice has some fertilizers, pesticides, and similar chemicals to control the pest and diseases, increase plant growth, and get more crop yield. The arsenic level in the rice produced using chemicals will be high. Additives are widely used to enhance the shelf life, appearance, and flavor of rice.
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The Asia-Pacific region accounted for a large share of the global brown rice market due to the presence of the largest producers and consumers of the grain in the region. India, Thailand, Bangladesh and Pakistan are the major producers (total 90% of production), Thailand is the world's largest exporter. Rise in consumer discretionary income has allowed consumers to spend on health-enhancing products. Rice and thin brown rice are the staple foods of various countries in the Asia-Pacific region, further driving the growth of the market. Lifestyle changes and the introduction of healthier diets will boost growth in the region.
Europe is the fastest growing region supporting global market growth. There is a strong trend towards specialty rice and whole grains in this region. Additionally, the region offers a huge opportunity for product demand among health-conscious consumers to boost immunity and improve overall health. Increasing penetration in various European markets such as Germany, Italy, and Spain is driving the market growth in this region.
North America is largely driven by increased public awareness of the health benefits of products, such as prebiotic properties and improved gut health.
The Middle East and Africa are still in their early stages. Markets in Turkey, United Arab Emirates, Saudi Arabia and South Africa have seen significant increases in demand due to growing awareness of the health benefits of products among upper-class consumers. Increasing trend to follow western diet is expected to boost market growth for the foreseeable future.
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Brown Rice Market Driver
The market is driven by increasing demand for high-fiber foods that improve gut health and help alleviate multiple chronic diseases. This product contains vitamins B1, B3, B6, phosphorus, manganese and iron. Rich in vitamins and minerals such as Contains four times more insoluble fiber than white rice. Major manufacturers have invested in such rice products and are benefiting from the growing demand for fiber-rich functional foods. This rice variety is also associated with weight loss, as studies have shown that fiber helps regulate blood sugar levels. It is now gaining popularity across all retail channels to speed up the weight loss process. The trend towards organic food due to the perception that organic products are safer boosts the consumption of organic thin brown rice. Growing interest in convenience foods is expected to stimulate demand for instant brown rice in the future.
Brown Rice Market Restraint
As the price of thin brown rice is highly dependent on white rice, rice price volatility significantly limits market development. Rice is the second most consumed grain in the world. It is a staple food in many countries. It is mainly produced in Asia and South Asia and traded worldwide. Rice imports from European and North American countries have increased significantly over the past decade. However, its price is highly volatile, as it is highly dependent on the weather.
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An increase in strategic acquisitions among major market players will have a significant impact on the growth of the global brown rice market. Several companies in this market are focusing on mergers and acquisitions to strengthen their product portfolios. Riviana Foods, Inc. focuses on expansion of manufacturing facility to strengthen business. This US-based brown rice leader, Riviana Foods, Inc., is aggressively investing in expanding production capacity to meet growing consumer demand for its products. For example, in April 2021, the company announced his $15 million investment to improve its instant rice production capacity. This has enabled the company to meet the growing demand for its products from consumers around the world. Global market players such as KRBL Limited, LT Foods Limited, Kohinoa Foods Limited and Kikkoman Corporation are focusing on product innovation, acquisitions, mergers and collaborations to further strengthen their market prospects. The market entry of emerging key players is driving market competition that will impact market expansion in 2022-2028.
Brown Rice Market Top Player's Company Profiles
Brown Rice Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global brown rice market analysis, the market is expected to thrive as demand increases compared to other white rice. Brown rice is increasingly popular and preferred due to its rich fiber content, phosphorus, vitamins, magnesium, and selenium. Brown rice consumption is increasing among obese and diabetic patients. With its excellent nutritional value, brown rice is considered a healthy option for toddlers and growing babies alike. Also, the emergence of new brands, packaging innovations, attractive designs, and multiple ready-to-cook product options are expected to have a favorable impact on the growth of the brown rice industry. Demand for brown rice is emerging vigorously from several countries in the Middle East and Africa. Thailand is known to be the world's largest exporter of rice, including brown rice, followed by India and Vietnam. The majority of importers are dispersed, with the top 10 importers accounting for less than 50% of the world's rice imports. Other countries with high consumption of brown rice include the Philippines, Indonesia, Iran, Nigeria, and other European countries.
Report Metric | Details |
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Market size value in 2023 | USD 9.3 billion |
Market size value in 2031 | USD 14.9 billion |
Growth Rate | 5.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Brown Rice Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Brown Rice Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Brown Rice Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Brown Rice Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Brown Rice Market size was valued at USD 9.3 billion in 2019 and is poised to grow from USD 9.9 billion in 2023 to USD 14.9 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).
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Report ID: SQMIG30H2139
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