Rice market boosted by the growing fast food industry

Market - Mohit Shah - May 08,2017

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rice market boosted by the growing fast food industry

The global rice market is predicted to grow at a single-digit CAGR during the period 2013 to 2019; the ever-increasing population is seen as one of the primary drivers.

Across the globe the inventories of rice are getting piled up due to the rising supply of this food crop. Rice is seen as one of the primary staple food items for the rural population. Moreover, rice is used as a wage commodity for workers in the non-agriculture sectors of several countries such as India.

Based on a precise market research report by Market Research Reports Search Engine (MRRSE), the rice market on a global canvas is expected to hike with a healthy single-digit CAGR until 2019. This sector has been experiencing a rapid expansion since rice is indeed one of the favorite cereals for a wide range of consumers. Hence, with the growth of the fast food industry and restaurants, the demand for rice is surely crossing milestones. Another major market driver is the budding population, which directly points out to the need for adequate food.

Considering the international rice market, the different product type segments include long grain white rice (high quality), long grain white rice (low quality), along with long grain fragrant rice, long grain parboiled rice, broken and medium grain milled. Out of all these, the demand for fragrant rice is soaring gradually on the global front. Also, long rice (high quality) is regarded as one of the premium class rice and is not consumed on a regular basis.

The major geographical regions where the market for rice is prominent includes North America, Europe, APAC and RoW regions. Asia-Pacific is the major producer as well as exporter of rice to different parts of the globe. On a more segmented aspect, China and India are the chief consumers and producers of this food crop. Several powerful players from the rice industry are Riceland foods Inc., KRBL Ltd and V.A.P Foods Ltd.

 

For more information on this report visit - http://www.mrrse.com/rice-market