Global Organic Rice Market Size By Type (Polished glutinous rice(sticky rice), Indica(long-shaped rice)), By Application (Direct edible, Deep processing), By Region, And Segment Forecasts, 2023 to 203...
Report Id: 20700 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Organic Rice Market, valued at USD 4.8 billion in 2023, is anticipated to grow significantly, reaching over USD 8.3 billion by 2031, with a CAGR of 6.8% during the forecast period. This growth is driven by increasing consumer demand for organic and sustainable food options, heightened awareness of health benefits associated with organic products, and government initiatives supporting organic farming practices. Organic rice, free from synthetic pesticides and fertilizers, is gaining popularity among health-conscious consumers, especially in North America, Europe, and the Asia-Pacific region, where demand is intensifying.
Drivers:
Rising Health Awareness: Consumers are
increasingly opting for organic rice due to its perceived health benefits,
including reduced exposure to chemicals and improved nutritional content.
Sustainability Concerns: As environmental
concerns grow, consumers are supporting sustainable agricultural practices,
which benefit the organic rice market.
Government Support for Organic Farming:
Various governments are incentivizing organic farming through subsidies and
certifications, further stimulating the market.
Restraints:
High Production Costs: Organic rice
production can be costlier due to labor-intensive practices and certification
requirements, potentially leading to higher retail prices.
Limited Awareness in Emerging Markets:
While demand is strong in developed economies, emerging markets may face
challenges due to lower awareness and affordability issues.
Opportunity:
Expansion in Emerging Markets: As awareness
about organic food benefits spreads in developing regions, these markets offer
considerable growth potential.
Innovations in Organic Farming:
Advancements in sustainable farming techniques and bio-fertilizers present
opportunities for reducing costs and enhancing yield quality.
Market by Type Insights:
The Long-Grain Organic Rice segment
dominated the market in 2023, driven by its popularity in North American and
Asian cuisines. This type is expected to maintain its leading position as
consumer preferences lean towards high-quality, aromatic varieties. Short-Grain
Organic Rice is also witnessing growing demand, especially in regions like
Japan and Korea, where it is a staple.
Market
by End-use Insights:
In 2023, the Household segment accounted
for the largest share due to rising home consumption of organic rice as part of
a healthy diet. The Food Service segment, including restaurants and catering
services, is also seeing substantial growth, fueled by consumer demand for
organic options when dining out.
Market
by Regional Insights:
Asia-Pacific held the largest market share
in 2023, attributed to the region’s extensive rice production and growing
export of organic rice, particularly from countries like India, Thailand, and
Vietnam. North America is expected to register the highest growth rate, driven
by increasing health consciousness and dietary trends favoring organic foods.
Competitive
Scenario:
Key players in the Global Organic Rice
Market include Lundberg Family Farms, Nature’s Path Foods, Inc., Daawat Foods
Ltd., Amira Nature Foods Ltd., and Yanmar Co., Ltd. Companies are focusing on
product diversification, organic certification, and expanding distribution
networks to enhance market reach. Notable developments include Lundberg Family
Farms expanding its organic rice line to include new varieties and Daawat Foods
Ltd. partnering with regional distributors to enhance its market presence.
Scope
of Work – Global Organic Rice Market
Report
Metric |
Details |
Market Size (2023) |
USD 4.8 billion |
Projected Market Size (2031) |
USD 8.3 billion |
CAGR (2023-2031) |
6.8% |
Key Segments Covered |
Type (Long-Grain, Short-Grain, etc.),
End-use (Household, Food Service) |
Major Growth Drivers |
Rising Health Awareness, Sustainability
Concerns, Government Support |
Market Opportunities |
Expansion in Emerging Markets,
Innovations in Organic Farming |
Key
Market Developments:
2023: Lundberg Family Farms expanded its
organic product line to include aromatic and long-grain varieties targeting
health-conscious consumers in North America.
2024: Nature’s Path Foods, Inc. introduced
a new line of organic rice products enriched with additional nutrients to cater
to dietary preferences in Europe.
2025: Daawat Foods Ltd. secured an
agreement with a leading U.S. retailer to distribute its premium organic rice,
strengthening its North American market footprint.
FAQs:
What is the current market size of the
Global Organic Rice Market?
The market was valued at USD 4.8 billion in
2023.
What is the major growth driver of the
Global Organic Rice Market?
Increasing health awareness and
sustainability concerns are major drivers for this market.
Which is the largest region during the
forecast period in the Global Organic Rice Market?
Asia-Pacific holds the largest market
share, while North America is projected to grow rapidly.
Which segment accounted for the largest
market share in the Global Organic Rice Market?
The Long-Grain Organic Rice segment held
the largest market share in 2023.
Who are the key market players in the
Global Organic Rice Market?
Key players include Lundberg Family Farms,
Nature’s Path Foods, Inc., Daawat Foods Ltd., and Yanmar Co., Ltd.
This comprehensive description provides a
structured, SEO-friendly overview of the Global Organic Rice Market,
highlighting its growth prospects, competitive landscape, and regional
insights.
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