Rice Market - GCC
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 3.3% (2024-2032)
The GCC rice market is growing due to rising demand for specialty varieties, population growth, and increasing health-conscious consumer preferences. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 3.3% from 2024 to 2032.
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GCC Rice Market Trends and Drivers
- Rising Population and Staple Food DemandThe growth of the GCC rice market is driven by a rising population and increasing demand for staple foods.
Rice, a key component of traditional diets in Gulf countries, remains a vital food commodity. - Influence of Expanding Expatriate PopulationThe expanding expatriate population, particularly from Asian countries where rice is a dietary staple, further boosts consumption across the GCC region.
- Increased Demand for Premium and Specialty RiceHigher disposable incomes and shifting dietary preferences have led to increased demand for premium rice varieties like basmati and jasmine.
Health-conscious consumers are contributing to the demand for organic and specialty rice, including brown rice and low-glycemic index (GI) options. - Dependence on Rice ImportsThe GCC’s reliance on rice imports supports the market’s growth, leading governments to diversify import sources and establish strategic reserves for food security.
Strengthening trade relations with major rice exporters, such as India, Pakistan, and Thailand, is crucial to stabilizing the market's supply. - Rising Demand for Convenience ProductsBusy urban lifestyles are driving demand for convenient, ready-to-cook rice products, appealing to time-constrained consumers.
- Expansion of Modern Retail ChannelsThe growth of modern retail channels, including supermarkets and online grocery platforms, has improved accessibility to a wide range of rice products.
- Focus on Sustainability and Packaging InnovationsInnovations in packaging and a focus on sustainably sourced rice are gaining traction as environmental sustainability becomes a priority for consumers and regulatory bodies.
- Market OutlookThese factors are expected to continue driving the GCC rice market's growth in the coming years, aligning with evolving consumer needs and government strategies.
GCC Rice Market Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest GCC rice market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
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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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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