Rice Market in GCC 2024:
How Big is the GCC Rice Industry?
The GCC rice market is projected to exhibit a
growth rate (CAGR) of 3.3% during 2024-2032. The market grows due to rising population, high consumption rates, diverse dietary preferences, and increasing import volumes.
|
Report Attribute |
Key Statistics |
|---|
|
Base Year |
2023 |
|
Forecast Years |
2024-2032 |
|
Historical Years |
2018-2023 |
| Market Growth Rate 2024-2032 |
3.3% |
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GCC Rice Industry Trends and Drivers:
The increasing population, including a substantial expatriate community from rice-consuming countries, is driving the growth of the GCC rice market. The high demand for rice is attributed to its cultural significance in local cuisine and its essential role in traditional dishes. Rising disposable income levels in the GCC are leading to increased spending on food, resulting in a noticeable shift towards premium and specialty rice varieties.
Due to limited water resources and arable land, the market relies heavily on rice imports to meet domestic consumption needs, further boosting the market. Emerging trends in the
GCC rice market include a growing preference for healthier and organic rice varieties, driven by increased health and wellness awareness. This shift is evident in the rising demand for brown rice, basmati, and other whole-grain options, catering to health-conscious consumers. Additionally, there is a noticeable trend towards sustainable and ethical sourcing practices, as consumers become more aware of the environmental and social impact of their food choices. These factors are anticipated to drive the GCC rice market in the coming years.
GCC Rice Market Report Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
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:
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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