IMARC Group, a leading market research company, has recently releases report titled “GCC Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the GCC rice market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the GCC rice market?
The GCC rice market is projected to exhibit a growth rate (CAGR) of 3.62% during 2023-2028.
What is rice?
Rice is a staple food crop and a vital source of nourishment for a significant portion of the world's population. It is a cereal grain that belongs to the grass family Oryza sativa or Oryza glaberrima, depending on the variety. It is a primary dietary component in various cultures and regions, particularly Asia. Rice is characterized by its small, elongated grains, which come in different varieties such as long-, medium, and short-grain. It is versatile in various culinary applications, from savory dishes to desserts. The cultivation of rice demands specific conditions, including adequate water supply and warm temperatures, which has led to the development of intricate irrigation systems and rice paddies in many parts of the world. Rice is a substantial source of carbohydrates, particularly starch, making it an energy-rich food source. Additionally, rice contains small amounts of protein and negligible fat content. Rice is recognizable for its diminutive, elongated grains, each type—long-grain, medium-grain, and short-grain—being distinctive in texture and application. Its culinary versatility spans a broad spectrum, ranging from savory dishes to confections. At present, rice is gaining immense traction across the GCC countries owing to its role as a dietary staple and its growing popularity in diverse culinary traditions.
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What are the growth prospects and trends in the GCC rice industry?
The GCC rice market is primarily driven by the rising population, urbanization, and changing dietary preferences within the Gulf Cooperation Council (GCC) member countries. There has been a rise in the demand for convenient and staple foods like rice as populations expand and urbanize. Additionally, the GCC region's diverse demographic composition, with a mix of nationalities and cultures, has augmented the demand for various rice varieties. Apart from this, the increasing consumption of rice, particularly among the middle class due to the prevalence of economic prosperity and rising disposable incomes, is positively influencing the market growth. Moreover, international trade agreements, supply chain logistics, and geopolitical factors are also propelling market growth. The GCC nations, relying heavily on rice imports, are influenced by global rice production, export restrictions by major suppliers, and currency fluctuations affecting trade dynamics. Furthermore, the region's arid climate hampers local rice cultivation, necessitating significant import volumes, thereby contributing to market growth. Along with this, the emerging health and wellness trends, including the perception of rice as a versatile and nutritious option, is another major growth-inducing factor. Other factors, including continuous advancements in rice processing and packaging technology, a significant shift toward healthier rice varieties, and the growing health consciousness among consumers, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
Regular
Aromatic
Type Insights:
Red Rice
Arborio Rice
Black Rice
Grain Fragrance Rice
Brown Rice
Rosematta Rice
Grain Parboiled Rice
Sushi Rice
Others
Grain Size Insights:
Long Grain
Medium Grain
Short Grain
Distribution Channel Insights:
Offline Stores
Online Stores
Application Insights:
Food
Feed
Others
Country Insights:
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
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