The global basmati rice market was valued at US $ XX Mn in 2022 and expected to grow at 10.5% Compound Annual Growth Rate (CAGR) over 2023 to 2029. Basmati rice is a slender-grained rice with aroma caused by the aroma compound 2-acetyl-1-pyrroline. It naturally contains an aromatic chemical compound, which is 12 times more than that of the non-basmati rice variants. Its aroma gives a distinctive flavor and fragrance to the rice.
Fastest Growing Market
Soaring demand of the basmati rice is the key factor anticipating the growth of the basmati rice market. The urge of the staple food and rise in the production of the local basmati rice is adding a scope for the growth of the market. The affordability of the consumers and availability of the rice at various price range is enhancing the growth of the basmati rice market. Owing to its superior taste and aroma, basmati rice is gaining popularity all across the globe which is boosting the growth of the market. However, the stringent government regulations are hampering the growth of the basmati rice market.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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