India Rice Market (2025-2031) Outlook | Growth, Forecast, Industry, Revenue, Value, Share, Trends, Size, Companies & Analysis

India Rice Market Import Shipment Trend (2020-2024)

The India rice market import shipment demonstrated a robust growth trend with a high CAGR between 2020 and 2024. However, there was a significant decline in growth rate from 2023 to 2024. Overall, the market expanded rapidly but showed signs of a sharp slowdown in the most recent period.

India Rice Market Synopsis

The rice market in India is one of the largest markets in terms of production and consumption volume in the Asia Pacific region with an estimated annual share reaching around 33%. It accounted for approximately 24% share of global rice production during the forecast period. Total area under cultivation has increased marginally over past few years due to better irrigation facilities & improved yield technology; however, average productivity remains low compared to other major producers like China & Thailand which make up more than 50% share combined globally. The export value registered USD 5 Billion during the financial year representing 4-5 % of exports worldwide out of total worth close to USD 150 Billion international trade scene per annum but still holds potential due rise in domestic production surpassing demand trajectory with the gap between two being filled via imports leading towards positive balance sheet figures even after factoring out shipments meant for foreign destinations gradually going forward into future outlook period likely 2025 -21 fiscal onwards.

Market Drivers of the market

The India Rice market is experiencing steady growth, largely influenced by multiple drivers. Rice is a staple food in India, and the country is one of the world`s largest producers and consumers of rice. The increasing population and dietary preferences have led to a consistent demand for rice as a primary dietary component. Additionally, government initiatives to support the agriculture sector and improve rice productivity through subsidies, technological advancements, and research and development have bolstered the market. The export opportunities for India rice in the international market have also provided impetus to the industry`s growth. Moreover, the diverse varieties of rice available in India, such as Basmati and non-Basmati rice, cater to different consumer preferences and have further contributed to the market`s expansion.

Challenges of the Market

The rice market in India faces several challenges, starting with fluctuations in production due to climate variability and inadequate water management. Pests and diseases can also affect rice crops, leading to yield losses and reduced profitability for farmers.Another challenge is the highly fragmented nature of the rice industry, with numerous small-scale farmers and traditional milling practices. This fragmentation limits economies of scale and efficient distribution, making it difficult for farmers to access broader markets.The rice market also faces intense competition from other staple grains, such as wheat and maize. Price fluctuations and government policies on food subsidies can affect the demand and supply dynamics in the rice market.

Covid-19 Impact on the Market

The India rice market experienced fluctuating dynamics during the COVID-19 pandemic. Panic buying and stockpiling at the onset of the pandemic temporarily inflated demand. However, logistical challenges and labor shortages hampered the movement and processing of rice, affecting the supply chain. Despite the disruptions, rice being a staple food, witnessed stable demand overall. E-commerce platforms played a crucial role in maintaining supply continuity during the lockdowns.

Key Players of the Market

The India rice market is highly fragmented and includes various regional and national players. Some of the major companies in this market include KRBL Limited, LT Foods Limited, Kohinoor Foods Limited, and Adani Wilmar Limited.

Key Highlights of the Report:

• India Rice Market Outlook
• Market Size of India Rice Market, 2024
• Forecast of India Rice Market, 2031
• Historical Data and Forecast of India Rice Revenues & Volume for the Period 2021-2031
• India Rice Market Trend Evolution
• India Rice Market Drivers and Challenges
• India Rice Price Trends
• India Rice Porter's Five Forces
• India Rice Industry Life Cycle
• Historical Data and Forecast of India Rice Market Revenues & Volume By Rice Length for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Long Grain for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Medium Grain for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Short Grain for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Red Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Arborio Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Black Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Grain Fragrance Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Brown Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Rosematta Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Grain Parboiled Rice for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Regular for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Aromatic for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Food for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Industry for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Distribution Channel for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Roadside Stores for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Municipal Corporation Markets for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Convenience Stores for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Specialty Store for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Department Store for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Supermarket for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By Hypermarket for the Period 2021-2031
• Historical Data and Forecast of India Rice Market Revenues & Volume By E-commerce for the Period 2021-2031
• India 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
• India Rice Top Companies Market Share
• India Rice Competitive Benchmarking By Technical and Operational Parameters
• India Rice Company Profiles
• India Rice Key Strategic Recommendations