GCC Basmati Rice Market Share, Size, Price Trends and Forecast Report (2018-2023)

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 GCC Basmati Rice Market to cross US 5 Billion
by 2023
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Report Description and Highlights
Report Description
 GCC Basmati Rice Market to cross US 5 Billion
by 2023 The GCC basmati rice market has
witnessed a moderate growth over the years. Some
of the factors which have given impetus to the
market include lack of rice production on account
of an unsuitable climatic condition in the
region, rapid urbanisation, increasing disposable
incomes, etc. The term Basmati is derived from
the Hindi language which translates as the word
fragrant. In comparison to other varieties of
rice, basmati rice is considered as the most
flavoursome variant owing to its long and slender
grains, exquisite aroma, and nutty flavour. After
cooking, basmati rice does not stick together and
stays fluffy as well as dry. Rice plays a vital
role in the Middle Eastern cuisine as it
represents a staple food in the region. As a
result, various countries of the GCC region are
now the key importers of basmati rice. A new
research report by IMARC Group, titled GCC
Basmati Rice Market Industry Trends, Share,
Size, Growth, Opportunity and Forecast
2018-2023, estimates that the GCC basmati rice
market was worth US 4 Billion in 2017. The
report further anticipates the market to cross
US 5 Billion by 2023, at a projected CAGR of
more than 4 over the forecast period.
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Report Description and Highlights
Report Description

• GCC Basmati Rice Market Drivers/Constraints
• GCC countries lack in the production of rice on
  account of unsuitable climatic conditions. As a
  result, they are extensively dependent on
  importing basmati rice from Pakistan and India.
  Moreover, a surge in the demand for better
  quality rice amongst the consumers is driving the
  growth prospects of the market.
• Rising awareness for nutritive products amongst
  health-consciousness consumers has further
  propelled the demand for brown rice in the GCC
  region. Apart from this, the increasing demand
  for easy-to-cook food items is expected to boost
  the basmati rice market.
• Some of the other factors influencing the demand
  for GCC basmati rice include rising urbanisation,
  changing demographics, increasing disposable
  incomes, large emigrant population and
  flourishing tourism sector.
• A hike in the prices of rice due to inadequate
  production in the country of origin acts as one
  of the crucial factors for impeding the growth of
  the basmati rice market in the GCC region.
• Read more here https//www.imarcgroup.com/gcc-bas
  mati-rice-market

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Report Description and Highlights
Report Description
Rice Type Insights On the basis of type, the
GCC rice market is segmented as basmati and
non-basmati, and parboiled and raw. Currently,
the basmati and non-basmati segment exhibits a
clear dominance in the GCC region. Pack
Size Insights Based on pack size, the market is
segregated as retail packaging and institutional
packaging. Amongst these, retail packaging
dominates the GCC basmati rice market. Request
Sample Of The Report https//www.imarcgroup.com/r
equest?typereportid862flagB
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Report Description and Highlights
Regional Insights On a geographical front, Saudi
Arabia enjoys a leading position in the GCC
basmati rice market accounting for the largest
share of imports from India. Saudi Arabia is
followed by UAE, Kuwait, Qatar, Oman and Bahrain.
Based on country of origin, India represents the
largest exporter of Basmati rice to the GCC
region, followed by Pakistan. Browse more
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Report Description and Highlights
Report Description

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