Global Jasmine Rice
Market Report
2024
The Global Jasmine Rice market size is USD 58.9 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Jasmine Rice market size is USD 58.9 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Jasmine Rice Market Sales Revenue 2023 | $ 58.9 Billion |
Global Jasmine Rice Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
North America Jasmine Rice Market Sales Revenue 2023 | $ 20.62 Billion |
Europe Jasmine Rice Market Sales Revenue 2023 | $ 20.62 Billion |
Europe Jasmine Rice Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.1% |
Asia Pacific Jasmine Rice Market Sales Revenue 2023 | $ 11.78 Billion |
South America Jasmine Rice Market Sales Revenue 2023 | $ 2.95 Billion |
South America Jasmine Rice Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Middle East and Africa Jasmine Rice Market Sales Revenue 2023 | $ 2.95 Billion |
Middle East and Africa Jasmine Rice Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.9% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Sales Channel |
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Market Split by Consumer |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Jasmine Rice Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The growing health consciousness among consumers is steering them towards healthier dietary choices. Jasmine rice, renowned for its enticing aroma and nutritional richness, is increasingly becoming the preferred choice for health-conscious individuals. This perception of jasmine rice as a more nutritious and flavorsome option is significantly boosting its demand, ultimately fueling the expansion of the jasmine rice market. Globalization and reduced trade barriers stemming from international trade agreements have significantly benefited the Jasmine Rice Market. These factors have expanded the market's access to international consumers, resulting in higher production and increased export volumes, fostering market growth.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Jasmine Rice industry.
For instance, Riviana Foods Inc., America's leading rice company, has unveiled Mahatma® Ready to Heat Chipotle Jasmine Rice, a new microwaveable option ready in just 90 seconds, providing a convenient and spicy twist with the smoky chipotle pepper flavor.
The increasing health awareness among consumers has instigated a significant transformation in dietary preferences. As individuals seek healthier food choices, jasmine rice has emerged as a prime beneficiary of this trend. This aromatic rice variety, renowned for its delightful fragrance and robust nutritional profile, is garnering widespread acclaim as a more health-conscious alternative compared to other rice varieties. Consumers increasingly view jasmine rice as a nutritious and flavorful option, creating a surge in demand. This newfound popularity, driven by the health-conscious shift in consumer choices, is a pivotal factor propelling the growth of the jasmine rice market, establishing it as a staple in the quest for healthier dietary options.
The globalization of markets and the reduction of trade barriers through international trade agreements have brought forth a positive transformation in the Jasmine Rice Market. As these barriers diminish, jasmine rice producers find themselves equipped with greater access to international markets. This newfound global reach led to a surge in consumer demand for jasmine rice, triggering increased production and higher export volumes. Consequently, the market expands as more regions around the world embrace the aromatic and flavorful qualities of jasmine rice, making it not just a local delight but a coveted commodity in the global culinary landscape.
The imposition of export restrictions and trade barriers on agricultural products, like jasmine rice, by certain governments stems from a combination of domestic food security concerns and geopolitical considerations. This protective stance can have far-reaching effects on the global jasmine rice market. These policies limit the availability of jasmine rice in international markets, creating price fluctuations and supply uncertainties. Importing nations find themselves grappling with the challenge of accessing affordable and consistent sources of jasmine rice, jeopardizing their food security. The instability in the market, driven by these restrictions, can disrupt the delicate balance of supply and demand, impacting both producers and consumers alike.
Impact of COVID-19 on the Jasmine Rice Market
COVID-19 had a significant impact on the Jasmine Rice Market. The pandemic disrupted supply chains and hampered rice production and distribution due to lockdowns and labor shortages. Export challenges arose as key importing nations faced logistical issues, causing fluctuations in export volumes and prices. With more people cooking at home, there was a shift in consumer demand, leading to price volatility. Some producers adapted by exploring online sales channels and innovative packaging. While the pandemic's immediate impacts have been felt, the Jasmine Rice Market continues to evolve as the situation unfolds, with ongoing adjustments in response to the new normal in the global food industry.
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In the Jasmine Rice market, leading companies vie for dominance through strategic moves like technological advancements, product expansion, global distribution, partnerships, acquisitions, and innovation.
(Source: www.prnewswire.com/news-releases/mars-food-to-acquire-majority-stake-in-tasty-bite-300503646.html)
Top Companies Market Share in Jasmine Rice Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America takes the lead in the Jasmine Rice market, showcasing its prominence as a hub for diverse culinary preferences and increasing demand for exotic and specialty rice varieties. With a market size that continues to grow, it asserts its dominance in the global market share. North America's affinity for international cuisines has propelled the consumption of Jasmine Rice, making it a staple in many households. The region's Jasmine Rice market is known for its diverse range of product offerings, with an array of options, including different brands and packaging sizes, appealing to a broad consumer base.
Asia Pacific is experiencing the most rapid expansion in the Jasmine Rice market. With a robust compound annual growth rate (CAGR) of 6.2%, this region is capitalizing on its extensive rice cultivation, particularly in countries like Thailand and Vietnam, renowned for producing premium quality Jasmine Rice. The culinary traditions deeply rooted in Asian cultures, where Jasmine Rice holds a cherished place, are driving the market's rapid growth. The rising popularity of Asian cuisine globally, coupled with the increasing export of Jasmine Rice, positions Asia Pacific as a pivotal player in the expanding global Jasmine Rice market.
The current report Scope analyzes Jasmine Rice Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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North America Jasmine Rice Market Analysis
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. This dominance is a reflection of the region's growing appetite for diverse and international cuisines, which includes a strong preference for Jasmine Rice. The market size in North America is valued at 20.62 billion USD, highlighting its significance in the global context. The popularity of Jasmine Rice in the region is bolstered by its use in various culinary applications, particularly in Asian and fusion dishes. As consumers seek healthier and more flavorful alternatives, Jasmine Rice continues to be a preferred choice, contributing to the market's substantial size. North America's Jasmine Rice market maintains a steady compound annual growth rate (CAGR) of 4%, signifying its stability and consistent demand. The region is characterized by a diverse consumer base and a strong presence of ethnic communities, all of which have played a pivotal role in the continuous expansion of the Jasmine Rice market. North America's position as a dominant player underscores its influence on the global Jasmine Rice market and its importance in catering to evolving consumer tastes.
Europe Jasmine Rice Market Analysis
Europe holds a significant share of approximately 35% in the global Jasmine Rice market, with a projected CAGR of 4.1% over the forecast period, ultimately contributing to a market size of around 20.62 billion USD. The European Jasmine Rice market is primarily characterized by the diverse product types available, including white and brown Jasmine Rice. Among these, brown Jasmine Rice has shown remarkable growth due to the increasing preference for healthier and less processed food options among European consumers. Its higher nutritional value and distinctive nutty flavor make it a top choice for health-conscious individuals in the region. While Europe dominates the market in terms of market share, Asia Pacific is experiencing the most rapid expansion, driven by the rising global demand for Jasmine Rice, particularly from regions with a growing affinity for Asian cuisine.
Asia Pacific Jasmine Rice Market Analysis
According to Cognitive Market Research, Asia Pacific is the fastest growing in the market in 2023 and accounted for a share of more than 20% of the global revenue due to several variables. This growth is attributed to the region's strong historical connection to Jasmine Rice production, with countries like Thailand and Vietnam leading the way in cultivating this fragrant and sought-after rice variety. The region boasts a dynamic rice market, and the increasing demand for Jasmine Rice is fueled by its integral role in Asian cuisine. As the region experiences economic development and globalization, more consumers are exploring and embracing Asian flavors, further driving the demand for Jasmine Rice. Additionally, the expansion of international trade and the availability of Jasmine Rice in various forms, including both traditional and convenience products, contribute to the market's growth. The Jasmine Rice market in Asia Pacific is marked by a compound annual growth rate (CAGR) of 6.3%, indicating the substantial momentum it has gained. With a market size of 0.08 billion USD, the region is positioned as a key player in the global Jasmine Rice market, emphasizing its significance in meeting the evolving culinary preferences of consumers both within and beyond the region.
South America Jasmine Rice Market Analysis
South America's contribution to the global Jasmine Rice Market stands at approximately 5%, with expectations of a robust 5.2% CAGR during the forecast period. This region is poised to play an increasingly significant role in the market, with a projected market size of about 2.95 billion USD. Jasmine Rice's popularity in South America is driven by its versatility, excellent aroma, and taste. The market experiences significant growth in the segment of brown Jasmine Rice, attributed to the increasing health-conscious consumer base in the region. As consumers seek healthier dietary options, the demand for brown Jasmine Rice has surged. The domination of the white and brown rice segments, coupled with a rapidly expanding consumer base, positions South America as a promising market for Jasmine Rice.
Middle East and Africa Jasmine Rice Market Analysis
Middle East and Africa play a notable role in the global Jasmine Rice market, contributing approximately 5% of its market share. The region exhibits significant potential for growth, with an expected Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period, ultimately contributing to a market size of around 2.95 billion USD. Jasmine Rice holds a prominent place in Middle Eastern and African cuisines, offering a fragrant and flavorful option in various culinary traditions. Among the segments, white Jasmine Rice is demonstrating notable growth in the Middle East and Africa, favored for its versatility in a range of dishes, from biryanis to pilafs. This segment's expansion is attributed to the rising popularity of diverse international cuisines and increased consumer exposure to various recipes through globalization. In the Middle East and Africa, supermarkets and malls serve as the dominant distribution channel, providing consumers with convenient access to Jasmine Rice. However, online shopping sites are the fastest-growing channel in the region, responding to the increasing preference for digital purchasing. The Middle East and Africa offer a unique blend of tradition and modernity in their Jasmine Rice consumption, contributing to the region's significance in the global market.
Global Jasmine Rice Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Jasmine Rice Industry growth. Jasmine Rice market has been segmented with the help of its Product Type, Application Sales Channel, and others. Jasmine Rice market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, White Jasmine Rice stands as the dominant category, capturing the largest market share due to its widespread popularity among consumers. Known for its fragrant aroma and soft, fluffy texture, white Jasmine Rice has long been a staple in many households and restaurants.
The fastest-growing category in this market is Brown Jasmine Rice. This segment has witnessed substantial growth, primarily attributed to the increasing consumer preference for healthier and less processed food options. Brown Jasmine Rice is lauded for its higher nutritional value and distinctive nutty flavor, making it a top choice for health-conscious individuals seeking a more wholesome rice option. This shift towards a healthier lifestyle has boosted the demand for brown Jasmine Rice, driving its remarkable growth in the market.
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Supermarkets and Malls continue to maintain their dominance as a preferred shopping destination. They offer a one-stop solution for consumers, allowing them to not only purchase Jasmine Rice but also explore various other grocery and household items conveniently. The physical presence of these stores and their established reputation makes them a trusted choice for many.
Online Shopping Sites are experiencing remarkable growth. The convenience of ordering from the comfort of one's home, coupled with the wide range of Jasmine Rice varieties available, is luring consumers toward e-commerce platforms. As digitalization transforms consumer behavior, this category is swiftly gaining prominence in the Jasmine Rice market, providing an alternative and efficient way to meet consumers' rice needs.
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According to Cognitive Market Research, the dominant category is Distributor, signifying that a significant portion of consumers prefer acquiring Jasmine Rice through intermediaries. These distributors play a crucial role in the supply chain, distributing the product to various retail outlets and end consumers.
The fastest-growing category is direct sales. This segment is on the rise as consumers increasingly seek direct interaction with producers or retailers. Factors such as a desire for convenience, product quality assurance, or a more personal connection with suppliers likely contribute to the growth of this category. It's essential to note that market dynamics can change over time, so recent data is crucial for a more accurate assessment.
The Household segment stands as the dominant category, reflecting the significant preference for jasmine rice among consumers for personal use at home. Its widespread appeal for everyday cooking contributes to its prominence in the market.
The Commercial segment is the fastest-growing category, showcasing a notable trend in the use of jasmine rice by restaurants, catering services, and food-related businesses. This surge can be attributed to the increasing popularity of Thai and other Asian cuisines in commercial food preparation and dining establishments. The demand for jasmine rice as an essential ingredient in restaurant and catering services drives the rapid growth of this category in the market.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Jasmine Rice Market is witnessing significant growth in the near future.
In 2023, the White segment accounted for noticeable share of global Jasmine Rice Market and is projected to experience significant growth in the near future.
The Supermarkets and Malls segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Three Ladies Rice , 817 Elephant Rice and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | White, Brown, Others |
Application | Supermarkets and Malls, Online Shopping Sites, Retail Stores, Others |
Sales Channel | Direct Sales, Distributor |
Consumer | Household, Commercial |
List of Competitors | Three Ladies Rice, Dragonfly Thai Jasmine Rice, 817 Elephant Rice, Iberia Jasmine Rice, Mahatma Jasmine Rice, Dynasty Jasmine Rice, Royal Umbrella, Lundberg Family Farms, Happy Belly Jasmine Rice, USA Rice Federation, Tasty Bite Organic Rice, Riceselect Rice Jasmati, Carolina Jasmine Rice, Blue Ribbon Jasmine Rice, Sunlee Jasmine Rice, Nishiki Medium Grain Rice, Kokuho Rose Rice, Botan Calrose Rice, Others |
This chapter will help you gain GLOBAL Market Analysis of Jasmine Rice. Further deep in this chapter, you will be able to review Global Jasmine Rice Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Jasmine Rice Market Trends North America Jasmine Rice Technological Road Map North America Jasmine Rice Market Drivers North America Jasmine Rice Market Restraints North America Jasmine Rice Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Sales Channel Analysis 2019 -2031
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Chapter 13 Market Split by Consumer Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Jasmine Rice market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why White have a significant impact on Jasmine Rice market? |
What are the key factors affecting the White and Brown of Jasmine Rice Market? |
What is the CAGR/Growth Rate of Supermarkets and Malls during the forecast period? |
By type, which segment accounted for largest share of the global Jasmine Rice Market? |
Which region is expected to dominate the global Jasmine Rice Market within the forecast period? |
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Company Level |
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