GCC Basmati Rice Market Outlook
According to the report by Expert Market Research (EMR), the GCC basmati rice market size witnessed a healthy growth in the historical period. Aided by the rising population and rapid urbanisation, the market is expected to grow significantly by 2032.
Basmati rice, known for its unique aroma and elongated grains, is a staple food in the GCC region, encompassing countries like Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain. The increasing demand for Basmati rice in this region is driven by its cultural significance, flavour, and the growing population with a preference for this rice variety.
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The GCC basmati rice market growth is significantly influenced by the rising consumption in households and the hospitality sector. The growing awareness of the health benefits associated with Basmati rice, such as its low glycaemic index and gluten-free properties, is also contributing to the market growth.
Moreover, the trend of adopting healthier dietary habits and the increasing demand for high-quality organic Basmati rice have further propelled the GCC basmati rice market demand. The rise in disposable income in the GCC countries has also played a crucial role, as it has led to increased spending on premium food products.
The market benefits from the robust import and trading activities, given the limited agricultural production capabilities in the region. The import of Basmati rice from major producing countries like India and Pakistan is central to meeting the region’s demand.
The GCC basmati rice market outlook looks promising, with continued growth expected due to the rising demand for high-quality rice, changing dietary preferences, and the growing hospitality sector. The adoption of sustainable practices and the emphasis on quality and branding will be key in driving the market forward.
In conclusion, the basmati rice market is poised for steady growth, driven by the increasing consumer demand for premium rice, cultural preferences, and the rising income levels in the region. The market’s development will hinge on the industry’s ability to navigate challenges related to quality and price while capitalising on the opportunities presented by the growing health and environmental awareness.
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GCC Basmati Rice Market Segmentation
The market can be divided based on type of rice, pack size, country of origin, and country.
Market Breakup by Type of Rice
- Parboiled
- Raw
Market Breakup by Pack Size
- Retail Packaging
- Institutional packaging
Market Breakup by Country of Origin
- India
- Pakistan
- Others
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Kuwait
- Oman
- Qatar
- Bahrain
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