GLOBAL RICE INDUSTRY

The rice market is expected to grow at a rate of 1.2 percent each year. Rice is a staple food for more than half of the world’s population, with Asian, Sub-Saharan African, and South American nations consuming the most. Rice is the most significant food crop in the developing world, and more than half of the world’s population eats it as a staple diet. It is a good source of complex carbs and is high in nutrients, vitamins, and minerals. Red rice is a popular type of rice that is tinted red due to the presence of anthocyanins. Among all rice kinds, red rice has the highest nutritional content. Rice that has been partially boiled in the husk is known as grain parboiled rice. Grain fragrant rice is a fragrant rice type with long grains that gets its scent from the rice plant’s natural production of aroma chemicals. Growing demand for carbohydrate-rich diets among the majority of the world’s population, rising rice production and quality management by farming sectors in many countries, rising rice export trends, and rising government policies initiatives for the development and commercialization of major domestic rice production industries have all contributed to the market’s recent growth. Other factors supporting the industry’s growth include considerable market development by key players such as ITC and Ebro.

Rice Protein

The global rice protein market is predicted to increase at an annual rate of 8.7%. The global rice protein market has accelerated due to increased demand for dietary foods, gluten-free, non-GMO, and hypoallergenic products. Rice protein is made by separating the protein from the carbs in white and brown rice. Vitamin E, starch, amino acids, ferulic acid, and sulfur-containing amino acids, such as cysteine and methionine, are all rich in rice protein. It can be used instead of soy and whey protein. Rice protein consumption lowers blood sugar levels and minimises fat storage. The global rice protein market is growing in demand as people become more health-conscious. The global rice protein market is expected to be led by rising demand from the nutritional, sports, and cosmetic industries. The worldwide rice market is projected to be driven by nutritional demand in the food and beverage sector. Rice protein is high in amino acids and antioxidants, which contribute to the worldwide rice protein market’s growth. Furthermore, organic rice protein is in high demand due to its high protein content, which works as a catalyst for the rice protein market’s growth. People with lactose sensitivity can eat organic rice protein. It is predicted to give growth prospects in the global rice protein market because it is gluten-free.

Basmati Rice

The fragrance component 2-acetyl-1-pyrroline gives basmati rice a pandan-like (Pandanus amaryllifolius leaf) flavour. Basmati grains naturally contain roughly 0.09 ppm of this fragrant chemical component, which is about 12 times more than non-basmati rice varietals and gives basmati its distinct spicy scent and flavour. Cheese, apples, and other cereals all have this natural aroma. It is a flavouring compound that has been approved for use in bakery products in the United States and Europe. The Basmati Rice industry in the world has a relatively low concentration. KRBL Limited, Amira Nature Foods, LT Foods, Best Foods, and Kohinoor Rice are among the largest manufacturers in India, Pakistan, and Kenya. KRBL Limited is currently the world leader, with a 4.83 percent production market share.

Rice Starch

The rice starch market is predicted to increase at a 6.20 percent annual rate. The rice starch market is driven by rising demand for rice starch in a variety of goods in the food and beverage industry, as well as cosmetics and personal care items in the food and beverage sector. The need for rice starch will increase as the application area of medications expands. Consumers’ increasing attention on items that are of natural quality, organic in nature, and also excellent for one’s health, as well as the use of rice starch, are likely to boost the market. Rice starch’s growing popularity and wide range of applications in cosmetics, medicines, and food and beverage items, on the other hand, will open up new chances for the rice starch market.

Rice Noodles

The worldwide rice noodles market grew at a significant rate of around 7% per year. Rice noodle is a translucent, thin noodle produced from rice flour and water. It also contains tapioca or corn starch, which improves the noodle’s clarity and gelatinous texture. The noodles are typically presoaked and cooked in water before being used as the main ingredient in a noodle meal or deep-fat fried into crispy strands to serve as a salad topping. They are typically available in fresh, frozen, and dried varieties, in a variety of shapes, thicknesses, and textures, and are further seasoned with herbs, spices, and oils to obtain the desired flavour. Rice noodles are also high in antioxidants, magnesium, and selenium, all of which can help to reduce the risk of cancer, cardiovascular disease, and other chronic illnesses.

INDIA RICE INDUSTRY OUTLOOK

The rice industry in India is predicted to develop at a CAGR of 2.0%. India produces 110 million metric tonnes of rice. Asia produces 90% of the world’s rice, with India being the second largest producer. India has outpaced China in terms of rice exports, with a 22 percent increase. India’s major rice export countries are projected to remain Sri Lanka and Bangladesh. The majority of rice shipped was Sella rice, an indigenous kind. Rice is a staple diet for people in eastern and southern India, with consumption of milled (white) rice increasing by 3.43 percent. There are about 1000 different types of rice produced around the world, but white rice and brown rice are the most common in India. India is known for its aromatic basmati rice, however it does not account for a significant portion of total rice exports when compared to non-basmati rice. Because India’s agriculture is depending on the monsoon, rice production has been lower for the past two years. The rice sector has resurfaced, and African nations are anticipated to join the export countries that have been importing from Thailand. Seeds, fuel, finances, and innovative machinery are all provided by the Indian government to rice-producing farmers and rice mills.

TOP PLAYERS WORLDWIDE

• Adani Wilmar limited
• AGRANA
• Amir Chand Jagdish Kumar (Export) Ltd
• Anhui Le Huan Tian Biotechnology
• Anhui Lianhe
• Axiom Foods, Inc.
• Bangkok starch
• BENEO
• Bioway (Xi’An) Organic Ingredients Co. Ltd
• Golden Agriculture
• Golden Grain Group Limited
• Ingredion
• Kohinoor foods
• KRBL
• LT foods
• Nutribiotic
• Nutrition Resource
• RiceBran Technologies
• Shaanxi Fuheng (FH) Biotechnology Co. Ltd.
• Shafi Gluco Chem
• Thai Flour
• The Green Labs
• Top Health Ingredients
• WFM Wholesome Foods