The latest research study “Packaged Rice Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the India packaged rice market reached a volume of 10.96 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 15.33 Million Tons by 2027, exhibiting a CAGR of 6.10% during 2022-2027.
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Packaged rice are enclosed rice products packed in a protective layer to secure against biological, physical, chemical, and external contamination. It is packed with various types of packaging materials such as jute bags, polypropylene polymer (PP), polyethylene (PE) woven bags, poly pouches, linear low-density polyethylene (LLDPE), plastic jars, and biaxially oriented polypropylene (BOPP). Rice packaging plays a crucial role in preserving and transporting rice grains without impacting the aroma, quality, and taste. In India, packaged rice products such as Basmati, Kasturi, Mahi sugandha, and others are gaining widespread popularity due to rising disposable incomes and increasing health awareness among consumers.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Packaged Rice Market Trends and Drivers:
The market is primarily driven by the escalating demand for basmati rice across India due to its slender, sleek, tapering grains with unique taste and aroma and grain elongation quality. In addition, the growing popularity of printing mediums for providing information about nutritional content and the origin of packaged products, and the rising number of retail food outlets offering different varieties of packaged rice are contributing to market growth.
Moreover, the shifting inclination of consumers toward an energy-rich, carbohydrate-based diet to minimize the risk of numerous chronic ailments is accelerating the product demand across the country. Besides this, the expanding HoReCa sector and the increasing utilization of high-grade packaged rice is providing a positive thrust to the market.
Along with this, the implementation of government initiatives, such as the National Food Security Mission (NFSM), for promoting domestic production and enhancing the storage capacity of Rice in India is also creating a favorable market outlook.
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India Packaged Rice Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Packaged Rice Companies:
Adani Wilmar Ltd., Aeroplane Rice Ltd., Amira Nature Foods Ltd, Baba Naga Agro Pvt. Ltd., Balashree Foods Pvt. Ltd., Chaman Lal Setia Exports Ltd., Future Consumer Limited, Kohinoor Speciality Foods India Private Limited (McCormick & Company, Inc.), KRBL Limited, LalQilla (Amar Singh Chawal Wala), LT Foods, Patanjali Ayurved Limited, Shri Lal Mahal Group, Sriveda Sattva Pvt. Ltd., and VSR Foods.
The report has segmented the market on the basis of region, product type, packaging, pack size and distribution channel.
Market Breakup by Product Type:
- Parboiled Rice
- Basmati Rice
Market Breakup by Packaging:
- Woven Bags
Market Break up by Pack Size:
- 5 Kilograms
- 1 Kilogram
Market Breakup by Distribution Channel:
- General Trade: Convenience Stores/Kirana Stores
- Modern Trade: Supermarkets/Hypermarkets/Specialty Stores
- Online and E-Commerce
Market Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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