Basmati rice is a long-grain aromatic rice that has been farmed in India's Himalayan highlands for millennia. It features long, slender grains that stretch at least twice their original length. When cooked, it has a light, fluffy texture with a nutty flavour. It is rich in fibre, minerals, vitamins, zinc, copper, proteins, calcium, potassium, magnesium, carbs, amino acids, and folic acid. It is now used extensively in Middle Eastern cuisine to create a range of sumptuous rice-based dishes layered with grains, meat, sauces, and dried fruits.
According to SPER market research, ‘GCC Basmati Rice Market Size- By Type of Rice, By Pack Size, By Country of Origin, By Price - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the GCC Basmati Rice Market is predicted to reach USD 1.99 Billion by 2033 with a CAGR of 3.2%.
The future of the GCC Basmati Rice Market appears bright, with ongoing demand driven by population expansion, cultural preferences, and growing awareness of Basmati rice's distinct attributes. However, industry actors must adjust to changing market dynamics, such as shifting consumer preferences, climate change, and trade rules. Embracing technical improvements, focusing on sustainability, and investigating export options can all contribute to the market's long-term success and profitability.
The GCC Basmati Rice Market provides considerable prospects for industry participants to meet the region's expanding demand for high-quality basmati rice. Basmati rice is in high demand because to its distinct scent, flavour, and cultural significance. Understanding market dynamics, consumer preferences, and the competitive landscape is critical for industry companies' success. By focusing on product innovation, internet marketing, and quality assurance, stakeholders can capitalise on the market's potential and develop a strong position in the GCC Basmati Rice Market.
The GCC basmati rice market has a number of issues, including shifting global supply networks that cause procurement and pricing uncertainty. Quality control concerns also develop as a result of regional differences in farming operations. Economic swings and geopolitical tensions in rice-producing countries further undermine market stability. Furthermore, severe import rules and compliance requirements impede industry entry and growth. Finally, changing consumer preferences and dietary patterns demand ongoing industry adaptation and innovation to remain competitive in the face of these obstacles.
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COVID Impact: The COVID-19 pandemic had a substantial impact on demand and consumption behaviours in a variety of industries, including food. Supply chain disruptions and production issues necessitated new methods and consumer offerings. Retailers encountered limited product supply, which influenced the dynamics of the basmati rice market. Companies changed their targeting methods to accommodate internet shopping tendencies during movement limitations. Despite the limited lockdown impacts, the rice industry profited from rising worldwide demand for cereal grains. Following the epidemic, rising demand for packaged and quick meals is expected to boost market development in the GCC basmati rice segment for the foreseeable future.
The GCC basmati rice market includes the region's key countries: Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain. Saudi Arabia has the greatest market share. This can be ascribed to the kingdom's larger consumer base than other countries in the region. Saudi Arabia is followed by the United Arab Emirates, Kuwait, Qatar, Oman, and Bahrain.
Additionally, some of the market key players are Abdul Latif Jameel Health, Al Amin Medical Instruments Co., Al Danah Medical Company, Saudi Wheelchairs Factory Co., United Medical Industries Co. Ltd., Others.
GCC Rice Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type of Rice: Based on the Type of Rice, GCC Basmati Rice Market is segmented as; Parboiled, Raw.
By Pack Size: Based on the Pack Size, GCC Basmati Rice Market is segmented as; Institutional Packaging, Retail Packaging.
By Country of Origin: Based on the Country of Origin, GCC Basmati Rice Market is segmented as; India, Pakistan, Others.
By Price: Based on the Price, GCC Basmati Rice Market is segmented as; Premium, Standard.
By Region: This research also includes data for Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE.
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