Philippines Brown Rice Market | Value, Forecast, Growth, Analysis, Size, Companies, Trends, COVID-19 IMPACT, Revenue, Share & Industry

Philippines Brown Rice Market Synopsis

The Philippines brown rice market is estimated to be worth USD 5.69 billion in 2019 and expected to register a CAGR of 3.6% during the forecast period. The increasing prevalence of health consciousness among consumers has resulted in increased demand for natural food products such as brown rice, which is grown without any chemical fertilizers or pesticides. Moreover, the growing trend towards veganism has also driven the demand for organic products like brown rice, due to its high nutritional content and fibre content compared to white rice. Furthermore, population growth and urbanization are resulting in an increase in disposable incomes leading to greater expenditure on food items including brown rice.

Drivers of the market

The Philippines brown rice market is influenced by several drivers that contribute to the preference for this whole grain option. The growing awareness of the health benefits of brown rice, such as higher fiber content, lower glycemic index, and more nutrients compared to white rice, has driven its demand among health-conscious consumers. The increasing trend of adopting balanced and nutritious diets has led to a shift in consumer preferences toward whole grains like brown rice. The promotion of brown rice by health authorities and nutritionists as a healthier alternative to refined grains has further boosted its consumption. Additionally, the cultural significance of rice in Filipino cuisine, combined with the desire for more nutritious options, has contributed to the market growth of brown rice.

Challenges of the market

The Philippines brown rice market faces challenges related to consumer preferences and production constraints. White rice remains the dominant choice for many Filipinos, making it crucial to educate consumers about the benefits of brown rice in terms of nutrition and health. On the production side, challenges include the adoption of sustainable agricultural practices to maintain soil fertility, yield enhancement, and pest management. Addressing these challenges requires consumer awareness campaigns, incentives for farmers to produce brown rice, and support for sustainable farming techniques.

Covid-19 Impact of the market

Prominent players in the Philippines brown rice market faced both challenges and opportunities due to the COVID-19 pandemic. The closure of restaurants and reduced foodservice operations initially affected the demand for brown rice in the hospitality sector. However, as consumers turned to healthier eating habits, there was a growing interest in brown rice for home cooking. Retail sales of brown rice increased as individuals sought out nutrient-rich options. To address supply chain disruptions, key players focused on domestic rice production, efficient distribution, and clear communication about the nutritional benefits of brown rice.

Key Players of the market

In the Philippines brown rice market, various players are essential for providing this whole grain rice variety. Companies like BrownRice Harvest Farms, RiceCrafters Inc., and NutriBrown Rice Producers play a significant role in cultivating and distributing brown rice, which is valued for its higher nutritional content compared to white rice.

Key Highlights of the Report:

• Philippines Brown Rice Market Outlook
• Market Size of Philippines Brown Rice Market, 2023
• Forecast of Philippines Brown Rice Market, 2030
• Historical Data and Forecast of Philippines Brown Rice Revenues & Volume for the Period 2020-2030
• Philippines Brown Rice Market Trend Evolution
• Philippines Brown Rice Market Drivers and Challenges
• Philippines Brown Rice Price Trends
• Philippines Brown Rice Porter's Five Forces
• Philippines Brown Rice Industry Life Cycle
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Length for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By long for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Medium for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Short for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Sweet for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Basmati for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Grocery Stores for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Convenience Stores for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Online Stores for the Period 2020-2030
• Historical Data and Forecast of Philippines Brown Rice Market Revenues & Volume By Others for the Period 2020-2030
• Philippines Brown Rice Import Export Trade Statistics
• Market Opportunity Assessment By Length
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Distribution Channel
• Philippines Brown Rice Top Companies Market Share
• Philippines Brown Rice Competitive Benchmarking By Technical and Operational Parameters
• Philippines Brown Rice Company Profiles
• Philippines Brown Rice Key Strategic Recommendations