GCC Basmati Rice Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
GCC Basmati Rice Market Size- By Type of Rice, By Pack Size, By Country of Origin, By Price- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: FOOD2435 | Pages: 1 - 158 | Formats*: |
| Category : Food & Beverages | |||
GCC Basmati Rice Market Introduction and Overview
According to SPER Market Research, the GCC Basmati Rice Market is estimated to reach USD 1.99 Billion by 2033 with a CAGR of 3.2%.
The report includes an in-depth analysis of the GCC Basmati Rice Market, including market size and trends, product mix, applications, and supplier analysis. Basmati rice is a long-grain aromatic rice that has been produced for millennia in the Himalayan foothills of India. It features narrow grains that lengthen by at least twice their original size. Furthermore, it cooks to a light and fluffy texture with a nutty flavour. It is high in fibre, minerals, vitamins, zinc, copper, proteins, calcium, potassium, magnesium, carbs, amino acids, and folic acid. It currently plays an important role in Middle Eastern cuisine, where it is used to prepare a variety of opulent rice-based dishes layered with rice, meat, sauces, and dried fruits.
- November 2022: SALIC (Saudi Agricultural and Livestock Investment Company), a wholly-owned subsidiary of Saudi Arabia's Public Investment Fund (PIF), has struck a strategic relationship with LT Foods, India's global leader in specialty rice and rice food items. LT Foods sells and distributes basmati rice under the well-known Daawat brand. SALIC paid INR 390 crore for a 9.22% share in LT Foods under the terms of the partnership agreement.
Market Opportunities and Challenges
Opportunities:
- Product Innovation: Basmati rice growers and processors can capitalise on product innovation by introducing value-added versions of Basmati rice, such as organic, flavoured, and fortified rice, to meet specific consumer demands.
- Online Retailing: With the rise of e-commerce and online grocery platforms, Basmati rice brands have a potential to reach a larger consumer base in the GCC region. Online retailing is convenient and accessible, especially for busy metropolitan shoppers.
- Foodservice business: The rising foodservice business, which includes restaurants, hotels, and catering services, offers considerable opportunities for Basmati rice suppliers. These establishments might include Basmati rice on their menus to meet the demand for authentic and high-quality rice-based cuisine.
Challenges:
- Climate change and its effects on agricultural practices, including as water availability, temperature fluctuations, and shifting weather patterns, provide obstacles for Basmati rice growing and production in the GCC region.
- Competition from Local types: While Basmati rice is in high demand in the GCC market, it is up against local rice types that are more economical and readily available. These local rice types appeal to price-conscious customers, posing a competition for Basmati rice farmers and distributors. Price volatility in basmati rice can be caused by a number of factors, including crop yield, market demand, and international trade policies.
Market Competitive Landscape
The major key players in the GCC Basmati Rice Market are: Abdul Latif Jameel Health, Al Amin Medical Instruments Co., Al Danah Medical Company, Al Mansour Medical Supplies Co., Al Saleh Medical Equipment Company, GulfMedicalCo., Jeddah Medical Supplies Factory, MedGulf Medical Equipment Co., Saudi Wheelchairs Factory Co., United Medical Industries Co. Ltd., Others. These market leaders employ various strategies, including new product and service launches, mergers and acquisitions, partnerships, collaborations, and joint ventures. To increase their market share, these corporations are also investing in innovations and expansion.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type of Rice, By Pack Size, By Country of Origin, By Price |
| Regions covered | Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE |
| Companies Covered | Albadia, Daawat, Dunar, Fortune, Goodness Foods, India Gate, Kohinoor, Mumtaz, Nur Jahan, Tilda, Others |
COVID-19 Impact on GCC Basmati Rice Market
The COVID-19 pandemic had a substantial impact on demand and consumption behaviours in a variety of industries, including food. Supply chain disruptions and production issues necessitated new methods and consumer offerings. Retailers encountered limited product supply, which influenced the dynamics of the basmati rice market. Companies changed their targeting methods to accommodate internet shopping tendencies during movement limitations. Despite the limited lockdown impacts, the rice industry profited from rising worldwide demand for cereal grains. Following the epidemic, rising demand for packaged and quick meals is expected to boost market development in the GCC basmati rice segment for the foreseeable future.
Key Target Audience:
- Food Manufacturers
- Retailers
- Exporters
- Restaurants and Food Service Providers
- Consumers
- Others
Our in-depth analysis of the GCC Basmati Rice Market includes the following segments:
| By Type of Rice: |
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| By Pack Size: |
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| By Country of Origin: |
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| By Price: |
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Key Topics Covered in the Report:
- GCC Basmati Rice Market Size (FY’2024-FY’2033)
- Overview of GCC Basmati Rice Market
- Segmentation of GCC Basmati Rice Market By Type of Rice (Parboiled, Raw)
- Segmentation of GCC Basmati Rice Market By Pack Size (Institutional Packaging, Retail Packaging)
- Segmentation of GCC Basmati Rice Market By Country of Origin (India, Pakistan, Others)
- Segmentation of GCC Basmati Rice Market By Price (Premium, Standard)
- Statistical Snap of GCC Basmati Rice Market
- Expansion Analysis of GCC Basmati Rice Market
- Problems and Obstacles in GCC Basmati Rice Market
- Competitive Landscape in the GCC Basmati Rice Market
- Impact of COVID-19 and Demonetization on GCC Basmati Rice Market
- Details on Current Investment in GCC Basmati Rice Market
- Competitive Analysis of GCC Basmati Rice Market
- Prominent Players in the GCC Basmati Rice Market
- SWOT Analysis of GCC Basmati Rice Market
- GCC Basmati Rice Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the GCC Basmati Rice Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Basmati Rice Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Basmati Rice Market
7. GCC Basmati Rice Market, By Type of Rice (USD Million)
7.1. GCC Basmati Rice Market Value Share and Forecast, By Type of Rice, 2024-20337.2. Parboiled7.3. Raw
8. GCC Basmati Rice Market, By Pack Size (USD Million)
8.1. GCC Basmati Rice Market Value Share and Forecast, By Pack Size, 2024-20338.2. Institutional Packaging8.3. Retail Packaging
9. GCC Basmati Rice Market, By Country of Origin (USD Million)
9.1. GCC Basmati Rice Market Value Share and Forecast, By Country of Origin, 2024-20339.2. India9.3. Pakistan9.4. Others
10. GCC Basmati Rice Market, By Price (USD Million)
10.1. GCC Basmati Rice Market Value Share and Forecast, By Price, 2024-203310.2. Premium10.3. Standard
11. GCC Basmati Rice Market Forecast, 2020-2033 (USD Million)
11.1. GCC Basmati Rice Market Size and Market Share
12. GCC Basmati Rice Market, By Type of Rice, 2020-2033 (USD Million)
12.1. GCC Basmati Rice Market Size and Market Share By Type of Rice (2020-2027)12.2. GCC Basmati Rice Market Size and Market Share By Type of Rice (2028-2033)
13. GCC Basmati Rice Market, By Pack Size, 2020-2033 (USD Million)
13.1. GCC Basmati Rice Market Size and Market Share By Pack Size (2020-2027)13.2. GCC Basmati Rice Market Size and Market Share By Pack Size (2028-2033)
14. GCC Basmati Rice Market, By Country of Origin, 2020-2033 (USD Million)
14.1. GCC Basmati Rice Market Size and Market Share By Country of Origin (2020-2027)14.2. GCC Basmati Rice Market Size and Market Share By Country of Origin (2028-2033)
15. GCC Basmati Rice Market, By Price, 2020-2033 (USD Million)
15.1. GCC Basmati Rice Market Size and Market Share By Price (2020-2027)15.2. GCC Basmati Rice Market Size and Market Share By Price (2028-2033)
16. GCC Basmati Rice Market, By Region, 2020-2033 (USD Million)
16.1. GCC Basmati Rice Market Size and Market Share By Region (2020-2027)16.2. GCC Basmati Rice Market Size and Market Share By Region (2028-2033)16.3. Bahrain16.4. Kuwait16.5. Oman16.6. Qatar16.7. Saudi Arabia16.8. UAE
17. Company Profile
17.1. Albadia17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Daawat17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Dunar17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Fortune17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Goodness Foods17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. India Gate17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Kohinoor17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Mumtaz17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Nur Jahan17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Tilda17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
GCC Basmati Rice Market is projected to reach USD 1.99 Billion by 2033, growing at a CAGR of 3.2% during the forecast period.
GCC Basmati Rice Market size from 2022. The Market is expected to reach USD 1.99 Billion by 2033, at a CAGR of 3.2% during the forecast period.
GCC Basmati Rice Market CAGR of 3.2% during the forecast period.
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GCC Basmati Rice Market size is 1.99 Billion from 2024 to 2033.
GCC Basmati Rice Market Segment is covered By Type of Rice, By Pack Size, By Country of Origin, By Price.
The Middle East is anticipated to have the highest market share in the GCC Basmati Rice Market.
The key players in the market include Companies Covered Albadia, Daawat, Dunar, Fortune, Goodness Foods, India Gate, Kohinoor, Mumtaz, Nur Jahan, Tilda, Others.
Middle Eastern cuisine, where it is used to prepare a variety of opulent rice-based dishes layered with rice, meat, sauces, and dried fruits.
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