Global Packaged Basmati Rice Market Size To Exceed USD 63.21 Billion By 2033 | CAGR of 8.66 %
Category: Food & BeveragesGlobal Packaged Basmati Rice Market Size To Exceed USD 63.21 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Packaged Basmati Rice Market Size is Expected to Grow from USD 27.56 Billion in 2023 to USD 63.21 Billion by 2033, at a CAGR of 8.66 % during the forecast period 2023-2033.
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Browse key industry insights spread across 262 pages with 110 Market data tables and figures & charts from the report on the "Global Packaged Basmati Rice Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Traditional Basmati Rice, Organic Basmati Rice, Value-Added Basmati Rice, Specialty Basmati Rice), By Packaging Type (Bulk Packaging, Retail Packaging, Pouches, Tins or Cans), By Distribution Channel (Online Retail, Supermarkets and Hypermarkets, Grocery Stores, Convenience Stores, Wholesale Distributors), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/packaged-basmati-rice-market
The packaged basmati rice market refers to the segment of the rice industry that deals with the production, packaging, and sale of basmati rice in pre-packaged forms. Basmati rice is a long-grain variety known for its distinctive fragrance, texture, and flavor, making it popular in cuisines, particularly in South Asian and Middle Eastern dishes. Moreover, due to their lower glycemic index, basmati rice is considered healthier than other varieties. The market for packaged basmati rice is being driven by rising demand for premium rice products and a growing awareness of healthier eating practices. Basmati rice's distinct flavor, texture, and aroma continue to attract a large group of consumer base, especially among those who enjoy authentic Middle Eastern, Asian, and other cuisines. Furthermore, packaging innovations that appeal to consumers seeking convenience and extended shelf life include resealable bags, microwaveable pouches, and easily stored boxes. However, retail chains and supermarkets typically bring in private-label basmati rice at a lower cost, which puts pressure on branded ones. These low-cost variants might find buyers among price-sensitive consumers and curtail demand for high-priced packaged rice.
The traditional basmati rice segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the packaged basmati rice market is divided into traditional basmati rice, organic basmati rice, value-added basmati rice, and specialty basmati rice. Among these, the traditional basmati rice segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due compared to organic basmati rice, traditional basmati rice is more accessible and usually less priced. Traditional basmati rice has a long history in the marketplace, with established consumer loyalty because of its low price and known taste, texture, and smell.
The retail packaging segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the packaging type, the packaged basmati rice market is divided into bulk packaging, retail packaging, bulk packaging, retail packaging, pouches, tins, or cans. Among these, the retail packaging segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven due to retail packaging is the most popular kind since it serves individual customers. Households prefer smaller, more manageable, and ready-to-use items, particularly for individual use. Customers may easily acquire these packages based on their needs because they come in a variety of sizes.
The supermarket and hypermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the packaged basmati rice market is divided into online retail, supermarkets and hypermarkets, grocery stores, convenience stores, and wholesale distributors. Among these, the supermarket and hypermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is attributed to supermarkets & hypermarkets providing a variety of packaged basmati rice products, each adapted to different tastes, inclinations, and price ranges, from affordable to high-end branded rice. They are usually one-stop shopping outlets, so they end up being the consumers' best choice.
Asia Pacific holds the majority share of the global packaged basmati rice market during the forecast period.
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Asia Pacific holds the majority share of the global packaged basmati rice market during the forecast period. In the Asia-Pacific area, rice is a staple diet. Due to its outstanding quality and distinct aroma, basmati rice is quite popular in South Asian countries like Bangladesh, Pakistan, India, and others. The expansion of modern retail stores, supermarkets, hypermarkets, and online marketplaces in the Asia-Pacific region boosts the supply of packaged basmati rice and strengthens its position as the industry leader.
North America is estimated to grow at the fastest pace in the global packaged basmati rice market during the forecast period. Increased popularity of ethnic foods, especially Indian, Middle Eastern, and Southeast Asian foods, has resulted in a surge in demand for basmati rice in North America, specifically the United States and Canada. The market in North America is also being boosted by the availability of basmati rice in big-box stores and the growing popularity of internet shopping.
Major vendors in the global packaged basmati rice market are Adani Wilmar, Amira Nature Foods, Hain Celestial, KRBL, LT Foods, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2025, India Gate Basmati Rice's parent organization, KRBL Limited, introduced new packaging for its leading brand. By simplifying decisions and providing clarity, the new packaging aims to empower and inform consumers as well as build their trust.
- In August 2024, Crown Rice introduced Diet Rice, a premium-quality basmati with a low glycemic index (GI). This product caters to customers searching for rice varieties that have a lower glycemic index and are health-conscious.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the packaged basmati rice market based on the below-mentioned segments:
Global Packaged Basmati Rice Market, By Product Type
- Traditional Basmati Rice
- Organic Basmati Rice
- Value-Added Basmati Rice
- Specialty Basmati Rice
Global Packaged Basmati Rice Market, By Packaging Type
- Bulk Packaging
- Retail Packaging
- Pouches
- Tins or Cans
Global Packaged Basmati Rice Market, By Distribution Channel
- Online Retail
- Supermarkets and Hypermarkets
- Grocery Stores
- Convenience Stores
- Wholesale Distributors
Global Packaged Basmati Rice Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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