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Europe Basmati Rice Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Europe Basmati Rice market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Europe Basmati Rice Market Analysis, 2020”, the Europe Basmati Rice market is anticipated to grow at a considerable CAGR of 4% during 2021-26. Basmati rice is known for its distinctive cooking properties, unique aroma, and is two to three times more expensive than other long grain rice. The major growth factors of basmati rice are the demand generating from regions such as Italy, UK, Germany and the Netherlands, significant rise in urban populace and increase in rice consumption. According to Ricepedia, the European demand for long-grain Indica rice and exotic varieties such as basmati or jasmine rice (and organic rice) is growing by 6% annually.
Impact of COVID-19 on Basmati Rice
Due to the lockdown & restrictions in the wake of the COVID-19, the global economy has been negatively impacted, which thus has also impacted the sales of basmati rice by leading to a disruption in supply chains and exports as the corona virus cases kept on increasing in the European countries in the early 2020. However, the sales of rice would eventually increase in 2021.
Market Segmentation
India is the Largest Exporter of Basmati Rice
India is the chief producer and exporter of basmati rice, which accounts for around 70% of the global basmati rice production. The Indian varieties of basmati rice that are approved for export to Europe are Basmati 370, Pusa Basmati, Ranbir Basmati, Taraori Basmati, Basmati 386, Basmati 217, and Super Basmati. India exported 3.7 million tonnes of basmati rice out of a total 8.2 million tonnes of rice exports from India. In Pakistan, basmati rice covers 52% of the total cultivated area of rice. In 2014-2015, Pakistan exported 677,000 tonnes of basmati. An estimated 62% of imported husked rice was basmati rice in the first quarter of 2017 according to Center of Promotion of Imports from Developing Countries during 2021-2026 period as stated in the MarkNtel Advisors’ research report “Europe Basmati Rice Market Analysis, 2020”.
Italy is the Largest Consumer of Basmati Rice
Italy is considered as the largest consumer of basmati rice 14,331.00 in 2018-2019 as compared to 12,183.27 in 2019-2020. Due to growing concerns of health among the Italian consumers they are cutting back and limiting the amount of pasta in their diet and are increasing the consumption of healthier grains, including rice. Also, rising level of population is also assisting in the growth of the basmati rice market in the region. With the rise in the overall consumption and population, the demand for basmati rice is witnessing sturdy growth and the same trend is expected to follow throughout 2026.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Europe Basmati Rice market include First Solar, Inc., Gtek Solar, Sharp Corporation, Hanwha Q Cells Co. Ltd, National Solar System, Egphil Solar Solutions, Vista Eco Solutions, Gulf Batteries Co Ltd, SunPower Corporation, JinkoSolar Holding Co. Ltd, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Europe Basmati Rice Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Europe Basmati Rice Market during 2021-26?
A. The Europe Basmati Rice Market is expected to grow at a CAGR of 4% during 2021-26.
Q. Who are the key competitors or players operating in Europe Basmati Rice Market?
A. Amira Basmati Rice, HBI, Estraco, East End Foods, Tba Suntra, S.G.S. International Rice Company, Amira Nature Foods, VSR Rice, The Rice N Spice International Ltd, Kohinoor Foods, etc. are few of the leading players in the Europe Basmati Rice Market.
Q. Which origin type segment would emerge as an opportunity area for players in Europe Basmati Rice Market?
A. India is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Europe Basmati Rice Market?
A. UK continue to grow at a highest CAGR, presenting immense opportunities for market players of Europe Basmati Rice Market.
