Europe Basmati Rice Market Overview:
Europe Basmati Rice Market was valued at $491 million in 2016 is expected to reach $615 million by 2023, at a CAGR of 3.2% from 2017 to 2023. Basmati is a long grain aromatic rice grown traditionally in the Indian subcontinent. This extra-long slender grain becomes twice its original size upon cooking, possessing soft and fluffy characteristics. Basmati rice is distinctive among other aromatic long grain varieties of rice, which possess superior aroma, delicious taste, and distinct flavor. India and Pakistan are the major growers and exporters of this rice. It is a significant part of Indian and Pakistan cuisines and is also used in Arab, Persian, and Middle Eastern cuisine. The major varieties of this rice include Basmati 217, Basmati 386, Basmati 370, Pusa Basmati-1, Ranbir Basmati, Basmati 198, and DP Basmati.
The factor that drives the market growth is rapid rise in basmati rice demand from the European countries, such as Germany and the Netherlands. Iran was the leading importer of Indian basmati rice; however, recently in 2016, Iran has imposed a ban and price cap on the import, owing to which Indian exporters are focusing on other markets. This ban on basmati rice provides price benefits to several European countries to boost the basmati rice market in Europe. Tricyclazole is the fungicide used to protect the crops (including rice crops) from blast disease, and European Union is expected to reduce the residue limit of this fungicide for several food crops. Thus, stringent norms by European Union to bring down the tolerance level for tricyclazole is expected to impede the basmati rice export from India to Europe.
The report emphasizes on different types of basmati rice, which include Indian variety and Pakistan variety. Based on application, the market is classified into commercial and home. Country wise, it is analyzed across UK, Germany, France, Spain, Italy, Russia, Belgium, the Netherlands, Poland, and rest of Europe. In addition, the report highlights various factors that impact the growth of the market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data, in terms of both value and volume, which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
Europe Basmati Rice Market Segmentation
In 2016, UK dominated the Europe basmati rice market, in terms of both value and volume. Moreover, Russia is expected to witness the highest growth rate from 2017 to 2023.
Europe Basmati Rice Market Share, By Country, 2016 (%)
Top Investment Pockets
Italy is one of the key importers of basmati rice in Europe, which is widely utilized for commercial purposes. At present, this rice is used in Italian & continental menus to add a touch of exoticism to the food. In Italy, basmati rice is extensively used in numerous traditional dishes.
Top Investment Pocket
UK Basmati Rice Market Size
In 2016, UK witnessed the highest demand for basmati rice, as it is the leading importer of rice from India and Pakistan. Moreover, the prices of this rice are expected to decrease in UK, owing to the recent ban on basmati rice from Iran. The Netherlands is the second leading country in the European basmati rice market.
Netherlands Basmati Rice Market Growth, 2016-2023 ($Million)
The key players profiled in the report are 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., and Kohinoor Foods.
The other major players (not profiled in report) in the market include Surya Foods, Royal, Lundberg Family Farms, Tilda, Great Value, and Uncle Bens.
Key Market Benefits
- This report provides an extensive analysis of the current and emerging market trends and dynamics of the Europe basmati rice market.
- The market trend analysis for all the countries is conducted by constructing estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
- The report assists to understand the strategies adopted by the leading companies in the industry.
- This study evaluates competitive landscape of the basmati rice industry to understand the market scenario in Europe.
- Extensive analysis is conducted by key player positioning and monitoring the top competitors within the European market.
Europe Basmati Rice Market Key Segments:
- Indian Variety
- Pakistan Variety
- The Netherlands
- Rest of Europe