Brown Rice Market 2024-2028: Size and Challenges due to climatic changes; growth driven by the Type, Some of key Companies Positioned Strategically

The brown rice market size by Type (Sweet brown rice and Brown basmati rice) and Geography (APAC, Europe, North America, South America, and Middle East and Africa), is forecast to increase by USD 5500 million. The market is expected to grow at a CAGR of   6.68% between 2024 and 2028.

• The global rice market is facing significant challenges due to the adverse effects of climate change on rice production. Extreme weather conditions, such as prolonged droughts and heavy rainfall, have become more frequent, negatively impacting paddy yields in major rice-producing countries. For instance, Vietnam's rice production has been negatively affected by El Nino-induced dryness, excessive rains, and lingering salinity problems. Similarly, Sri Lanka's rice production has decreased due to severe drought. These weather-related issues, which are becoming more frequent and intense, pose a significant threat to the rice market, particularly in Asia, which produces over 80% of the world's rice supply.
• The Brown Rice market exhibits robust growth, driven by increasing health consciousness and consumer preference for whole grains. Market players are capitalizing on this trend by introducing innovative products and expanding their distribution networks. Key players include Lundberg Family Farms, Kawan Foods, and BJ's Wholesale Club. Strategic collaborations, product diversification, and pricing strategies are critical success factors. The market is expected to continue its upward trajectory, offering significant opportunities for investors and stakeholders.

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Some of the Key Companies:

• Agistin Biotech Pvt. Ltd.
• Amira Nature Foods Ltd.
• DRRK Foods Pvt. Ltd.
• Ebro foods SA
• Flying Trade Group Plc
• Goya Foods Inc.
• KRBL Ltd.
• Lotus Foods Inc.
• LT Foods Ltd.
• Lundberg Family Farms
• McCormick and Co. Inc.
• Pride Of India
• Ricegrowers Ltd.
• SHRI LAL MAHAL Group
• Sresta Natural Bioproducts Pvt. Ltd.
• VeeTee Rice Ltd.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/