India Rice Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)

Report on India Rice Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)

Introduction to India Rice Market

According to 2012 estimates, rice is the second most produced grain in the world at 738 million metric tons, second only to maize at 873 million tons. First domesticated in India and Southeast Asia, it was brought to South America by the Portuguese. 1/5th of all calories consumed around the world come from rice. Today, 90% of rice production is in Asia, with India the second largest producer in the world. In 2017, India outperformed China as the leading exporter of rice, registering a growth of 22%.

Market Dynamics

India was one of the first countries to domesticate rice. Indian rice production depends heavily on the monsoon seasons. Due to alterations or underperformance of the monsoon seasons, the production has been under par for the last two years. Rice is consumed as a staple diet in East and South India, with the . India was the leading exporter of rice in 2017 due to increased demands from Bangladesh and Sri Lanka caused by floods in these regions. India has recently inked a deal with China that allows for India to export non basmati variety of rice. This is expected to increase the demand.

Market Segmentation

Indian rice market can be segmented based on:

Rice type:

  • Milled rice
  • Brown rice
  • Rough rice
  • Parboiled rice

Grain size:

  • Long grain
  • Medium grain
  • Short grain

Opportunities:

  • Neighbouring countries to India are expected to be major importers of Indian rice
  • Demand for Indian rice is expected to increase in Philippines and China due to fall of the rupee
  • Deal inked with China allows for non Basmati variety rice to be exported to China, opening up a very lucrative market.

Geographic Analysis

The leading rice producing states in India are the following:

  1. West Bengal: 146.05 lakh tons
  2. Uttar Pradesh: 140.22 Lakh tons
  3. Andhra Pradesh: 128.95 Lakh tons
  4. Punjab: 105.42 lakh tons
  5. Tamil Nadu: 74.58 Lakh tons

The production of rice is largely region independent as the crop grows well mostly across India, depending on the monsoon season. The crop is grown in states with spaces available. However, the crop is not grown in regions with extreme weather conditions. The production since it depends on the monsoon, has seen large variations in production depending on the performance of monsoon

 

Key Players

KRBL Limited, D.D. International Inc., Kohinoor Foods Ltd., PJS Overseas Limited, Supple TEK Industries Private Limited, Amirchand Jagdish Kumar (Exports) Ltd., L.T. Foods Ltd

 

The report contains a comprehensive analysis on:

  • India Rice Market Segments
  • India Rice Market Drivers, Restraints and Opportunities
  • India Rice Market Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • India Rice Market Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players

 

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macroeconomic factors, and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

 

Report Highlights

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • In-depth Market Segmentation
  • Historical and Projected Market Sizing in terms of volume and value
  • Recent market trends and Impact Factors
  • R&D Status and Technology Overview
  • Extensive Industry Structure Coverage

 

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