Bangladesh Rice Market (2024-2030) | Outlook, Industry, Companies, Share, Growth, Trends, Size, Value, Revenue, Analysis & Forecast

Market Forecast By Rice Length (Long Grain, Medium Grain, Short Grain), By Type (Red Rice, Arborio Rice, Black Rice, Grain Fragrance Rice, Brown Rice, Rosematta Rice, Grain Parboiled Rice, Others), By Product Type (Regular, Aromatic), By Application (Food, Industry, Others), By Distribution Channel (Roadside Stores, Municipal Corporation Markets, Convenience Stores, Specialty Store, Department Store, Supermarket, Hypermarket, E-commerce) And Competitive Landscape

Product Code: ETC384632 Publication Date: Aug 2022 Updated Date: Mar 2024 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Bangladesh Rice Market Highlights

Report Name Bangladesh Rice Market
Forecast period 2024-2030
CAGR 3.5%
Growing Sector Food

Topics Covered in Bangladesh Rice Market Report

The Bangladesh Rice Market Report thoroughly covers the market by rice length, type, product type, application and distribution channel. The Bangladesh Rice Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Rice Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

Bangladesh Rice Market Synopsis

The Bangladesh rice market is expected to grow at a tremendous growth rate and this growth of the market can be attributed to various factors such as increasing demand for rice due to growing population, government initiatives to boost rice production and export, and advancements in technology for efficient farming practices.

According to 6Wresearch, the Bangladesh Rice Market size is projected to rise at a CAGR of 3.5% during 2024-2030. One of the key drivers of the Bangladesh rice market is the growing population, which has led to an increase in demand for food, including rice. Rice is a staple food in Bangladesh and accounts for a significant portion of the daily calorie intake of the population. The government of Bangladesh has also taken several initiatives to boost rice production and export. These include providing subsidies, loans, and training programs to farmers, promoting the use of modern agricultural practices, and investing in research and development for new varieties of rice.

However, there are also challenges faced by the Bangladesh rice market. One of the major challenges is climate change, which leads to natural disasters such as floods and droughts, affecting rice production. Additionally, a lack of infrastructure and storage facilities can result in post-harvest losses, impacting the overall Bangladesh Rice Market growth.

Rice Market in Bangladesh: Leading Players

Some of the key players in the Bangladesh rice market include BRAC, City Group, Lal Teer Seed Limited, and PRAN Foods Ltd. These companies have a significant market share and are constantly investing in research and development to improve their products.

Bangladesh Rice Industry: Government Initiatives

The government of Bangladesh has also taken several initiatives to boost rice production and export. These include providing subsidies, loans, and training programs to farmers, promoting the use of modern agricultural practices, and investing in research and development for new varieties of rice. These initiatives have led to an increase in productivity and quality of rice, making Bangladesh a major player in the global rice market.

Future Insights of the Market

Bangladesh rice market is expected to continue its growth trajectory in the coming years due to various factors such as increasing population, government initiatives, and advancements in technology. However, there are also challenges that need to be addressed to ensure sustainable growth in the market. Hence, it is important for all stakeholders to work together towards overcoming these challenges and further strengthening the Bangladesh rice market.

A Market Segmentation by Product Type

According to Rajneesh, Senior Research Analyst, 6Wresearch, regular rice is the most commonly consumed type of rice in Bangladesh. It is a staple food for the majority of the population and is used in various dishes such as biryani, khichuri, and polao. Regular rice is also known as non-aromatic or non-basmati rice, and it is produced in almost all parts of the country.

A Market Segmentation by Application

One of the major factors driving the growth of the Bangladeshi rice market is the food sector. Rice is a staple food in Bangladesh, with a majority of the population consuming it on a daily basis. The demand for rice in the food sector is expected to continue growing as the population increases.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Bangladesh Rice Market Outlook
  • Market Size of Bangladesh Rice Market, 2023
  • Forecast of Bangladesh Rice Market, 2030
  • Historical Data and Forecast of Bangladesh Rice Revenues & Volume for the Period 2020 - 2030
  • Bangladesh Rice Market Trend Evolution
  • Bangladesh Rice Market Drivers and Challenges
  • Bangladesh Rice Price Trends
  • Bangladesh Rice Porter's Five Forces
  • Bangladesh Rice Industry Life Cycle
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Rice Length for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Long Grain for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Medium Grain for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Short Grain for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Type for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Red Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Arborio Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Black Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Grain Fragrance Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Brown Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Rosematta Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Grain Parboiled Rice for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Others for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Product Type for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Regular for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Aromatic for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Application for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Food for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Industry for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Others for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Roadside Stores for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Municipal Corporation Markets for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Convenience Stores for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Specialty Store for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Department Store for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Supermarket for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By Hypermarket for the Period 2020 - 2030
  • Historical Data and Forecast of Bangladesh Rice Market Revenues & Volume By E-commerce for the Period 2020 - 2030
  • Bangladesh Rice Import Export Trade Statistics
  • Market Opportunity Assessment By Rice Length
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Distribution Channel
  • Bangladesh Rice Top Companies Market Share
  • Bangladesh Rice Competitive Benchmarking By Technical and Operational Parameters
  • Bangladesh Rice Company Profiles

Bangladesh Rice Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Rice Length

  • Long Grain
  • Medium Grain
  • Short Grain

By Type

  • Red Rice
  • Arborio Rice
  • Black Rice
  • Grain Fragrance Rice
  • Brown Rice
  • Rosematta Rice
  • Grain Parboiled Rice
  • Others

By Product Type

  • Regular
  • Aromatic

By Application

  • Food
  • Industry
  • Others

By Distribution Channel

  • Roadside Stores
  • Municipal Corporation Markets
  • Convenience Stores
  • Specialty Store
  • Department Store
  • Supermarket
  • Hypermarket
  • E-Commerce
Bangladesh Rice Market (2024-2030): FAQs
One of the key drivers of the Bangladesh rice market is the growing population, which has led to an increase in demand for food, including rice.
The Bangladesh government has taken several initiatives to support and promote the growth of the rice market. These include providing subsidies for agricultural inputs, implementing policies to increase productivity, and investing in research and development. The government has also set up the Bangladesh Rice Research Institute to improve seed quality and develop new high-yielding rice varieties.
The rice market plays a significant role in the overall economy of Bangladesh. It is not only a major source of employment for millions of people but also contributes to foreign exchange earnings through exports. The stability and growth of the rice market also have a ripple effect on other sectors such as transportation, packaging, and trade, leading to overall economic development.
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