Mexico Rice Market Size, Share, and COVID-19 Impact Analysis, By Type (Brown Rice, Red Rice, Arborio Rice, Black Rice, Rosematta Rice, Grain Parboiled Rice, Grain Fragrance Rice, Sushi Rice, and Others), By Distribution Channel (Online Stores and Offline Stores), and Mexico Rice Market Insights, Industry Trend, Forecasts to 2033.

Mexico Rice Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 4.01% from 2023 to 2033
• The Mexico Rice Market Size is Expected to Hold a Significant Share by 2033

The Mexico Rice Market Size is Expected to hold a significant share by 2033, Growing at a CAGR of 4.01% from 2023 to 2033

Market Overview

The Mexico rice market Size is referred to as the segment of the agricultural industry in Mexico that involves the distribution, production, and consumption of rice. The country's demand for the product is rising as rice mill equipment and appealing packaging become improved. Additionally, the Mexican rice market is significantly influenced by rising consumer demand. In many Mexican homes, rice is a staple food, especially in cities where it may be used in a wide variety of traditional and modern recipes. In addition, the demand for rice in Mexico is also rising as a result of the country's growing population and urbanization. Furthermore, the Mexican Rice Council's encouragement and the Mexican government's support are the primary causes of the rise in rice output. In addition, the Mexican government offers substantial subsidies to rice farmers, including price guarantees, input, and credit, and has introduced import duties to boost domestic production.

Report Coverage

This research report categorizes the market for the Mexico rice market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Mexico rice market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Mexico rice market.

Driving Factors

Mexico's rice sector is expanding because the demand for rice in Mexico is also rising as a result of the country's growing population and urbanization. Additionally, the Mexican rice market is changing as a result of increased productivity and efficiency brought about by technological developments in rice processing and production. In addition, the growing food and restaurant industry throughout the country is anticipated to promote market expansion. The market is growing as a result of the increased trade in long-grain rice brought on by the rising demand for specialty rice types.

Restraining Factors

Mexico's rice market faces significant constraints due to limited irrigation infrastructure, reliance on imports to meet domestic demand and climate change susceptibility are some of the issues facing the Mexican rice market. In addition, growth is constrained by competition from other main crops and shifting global rice prices, which affects local output and market stability.

Market Segmentation

The Mexico rice market share is classified into type and distribution channel.

• The brown rice segment accounted for a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the Mexico rice market is divided into brown rice, red rice, arborio rice, black rice, rosematta rice, grain parboiled rice, grain fragrance rice, sushi rice, and others. Among these, the brown rice segment accounted for a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is growing due to its increased fiber content, minerals, and minimum processing, it is becoming more and more recognized as a healthy substitute for white rice, which accounts for its appeal. In addition, brown rice is becoming more and more popular in homes and restaurants due to customers' increasing awareness of healthy diets and lifestyle modifications.

• The offline stores segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the Mexico rice market is divided into online stores and offline stores. Among these, the offline stores segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is growing due to consumers prefer to buy groceries, consumer goods, and food items like grains through the offline channel since they can physically examine the quality of the products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Mexico rice market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Growing Naturals LLC
• Golden Grain Group
• Axiom Foods, Inc.
• RiceBran Technologies
• Agroindustrias Unidas de Mexico
• SOS Corporacion Alimentaria
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Mexico, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Mexico rice market based on the below-mentioned segments:

Mexico Rice Market, By Type

• Brown Rice
• Red Rice
• Arborio Rice
• Black Rice
• Rosematta Rice
• Grain Parboiled Rice
• Grain Fragrance Rice
• Sushi Rice
• Others

Mexico Rice Market, By Distribution Channel

• Online Stores
• Offline Stores