The global Basmati Rice market is anticipated to grow at a notable pave over the forecast period of 20aa to 20bb. New growth opportunities will emerge, lining up in the landscape, creating avenues for carving off a larger market share. The report on the market has also provided information from the historical period of 20xx to 20yy. It is believed that this information will help the market players take properly informed decisions, helping them tap into projected growth effectively.
In the report, trends and drivers are also spelled out for market players in order to give the reader a comprehensive insight into growth dynamics. It is quite interesting to note here that a string of these factors is responsible for projected growth in the market. However, there are also a couple of restraining factors. Restraining factors are coming in the way of the market reaching its full potential.
It is equally important to mention the COVID-19 situation here, which is taking a toll on a number of markets across industry verticals. The pandemic is currently ravaging the world in a major way, unabated. The impact of this virus has been termed as a crisis – human and humanitarian. It is haltering international trade, pausing operations in factories, and pushing the world towards a massive recession. It is of extreme importance therefore for players to be up-to-date with information on the virus and its impact on the market over the forecast period.
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In the global Basmati Rice market study, the division of periods is as follows.
- History Year: 2014 – 2018
- Base Year: 2014
- Estimated Year: 2019
- Forecast Year: 2018 – 2028
Global Basmati Rice market report readers are expected to be able to know the following details:
- Which kind of opportunities will emerge in the market over the forecast period? Where will these emerge and how will players strive to tap into them?
- Which trends and drivers will be most significant over the forecast period and which factors will limit global Basmati Rice market growth?
- Which products and end-users will lay claim to a huge share of the market revenue over the forecast period?
- Which regions will emerge as lucrative markets?
- Which government policies will help players grow steadily and where will research and development play a key role?
The global Basmati Rice report covers a host of top regions in order to evaluate and enumerate upon the potential of various places. For players eyeing geographic expansion or lucrative and untapped opportunities, this information is crucial.
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- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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The basmati rice market is projected to witness an optimistic growth trajectory against the backdrop of multiple factors such as growing demand for long-grain speciality rice and strong supply chain.
While rice is consumed as a staple food across world regions, demand for specialty rice is increasing exponentially following the growing appetite for aromatic rice. Although the higher cost of basmati rice continues to limit the widespread adoption, ameliorating economic conditions, steadily rising consumer purchase power and improving marketing values of basmati rice are propelling the consumption levels of speciality rice across global economies. Superior characteristics of long-grain rice capture the palate of many among which basmati rice is the highly sought after long grain speciality rice varieties.
A sizeable export of basmati rice across the world regions has generated the need for a stronger supply chain to establish a fair outcome benefiting all the supply chain participants starting from farmers to consumers. While governments are actively engaged in strengthening the basmati rice supply chain, prominent market players continue to establish authenticity in the basmati rice supply chain which, in turn, enhances the brand image in both domestic and international markets.
Pioneering players in the market who are covered in the global Basmati Rice market report are:
LT Foods Ltd., Estraco Kft., East End Foods, The Rice ‘n Spice Int. Ltd., Amira Nature Foods Ltd., and Mars Inc.
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