"Market Intelligence that Adds Flavour to Your Success"
The global brown rice market size was USD 9.30 billion in 2020 and is projected to grow from USD 9.71 billion in 2021 to USD 13.27 billion by 2028 at a CAGR of 4.57% during the forecast period (2021-2028). According to the analysis, the global market exhibited a higher growth of 0.41% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a positive impact on demand across all regions amid the pandemic.
The brown rice industry is witnessing significant growth across the world. The increasing knowledge regarding prebiotics and high-fiber foods and their positive impact on gut health has considerably increased the demand for this type of rice among consumers. The emerging trend of specialty rice, whole grains, and ancient grains is expected to further fuel the market growth during 2021-2028.
Request a Free sample to learn more about this report.
Rising Trend for Functional Foods among Consumers to Propel Market Forward
In recent years, consumers have been increasingly opting for products that enhance overall physical wellness. Growing consumer awareness of the fact that improved gut health reduces the risk of lifestyle-related health conditions, such as diabetes, cardiovascular diseases, and obesity, has boosted the demand for fiber-rich, prebiotic foods that enhance gut health. The fast-growing trend of consuming high-fiber functional foods is encouraging manufacturers to develop tan-colored rice products. Moreover, research and studies have shown that fermented tan-colored rice can be used as a functional food as it has proved to be antidiabetic. The growing investments in innovation and development of novel brown-colored rice-based products, such as tan-colored rice syrup and pasta, are projected to drive market growth in the forthcoming years.
Growing Consumer Awareness towards Prebiotics and Gut Health to Augment Market Growth
The global market is driven by the rising demand for foods with high fiber content that help improve gut health and lower several chronic problems. The product is rich in vitamins and minerals such as vitamins B1, B3, & B6, phosphorus, manganese, and iron. It contains four times the amount of insoluble fiber as white rice.
The leading manufacturers are investing in such rice products to benefit from the growing demand for high-fiber functional foods.
This type of rice is also associated with weight loss as studies have shown that fiber helps regulate blood glucose levels. It is now gaining popularity across retail channels to accelerate the weight loss process. The emerging trend for organic foods due to the perception that organic products are safer will fuel organic tan-colored rice consumption. The growing interest in convenience foods is anticipated to fuel the demand for instant brown rice in the future.
Increasing Popularity of Specialty Rice to Strengthen Market Outlook
In recent years, the concept of specialty rice has caught on among consumers. The trend is becoming popular as these rice varieties are considered ancient, safe, and healthy. Specialty rice includes this type of rice, red rice, and black rice. Consumers nowadays are turning from processed foods to unprocessed foods to improve their nutritional intake. Unprocessed foods are also perceived to be safer. This type of rice is unprocessed and unpolished, unlike white rice, which has increased its demand compared to white rice.
Moreover, the increasing popularity of whole grains has significantly amplified the demand for brown-colored rice among consumers. Recently, brown rice was added to the FDA-approved list of whole grains. This has significantly fueled the market growth in the past few years. The increasing discretionary income and rising health awareness among consumers in developing markets of the Asia Pacific and the Middle East are projected to fuel the brown rice market growth during the forecast period.
Fluctuation in Brown Rice Prices to Affect Market Dynamics to Some Extent
The price of tan-colored rice is highly dependent on white rice. The volatility of rice prices acts as a major restraint to the market development. Rice is the second most-consumed grain across the globe. It is a staple food of many countries. It is mainly produced in Asian and South Asian countries and traded across the globe. Rice imports from countries in Europe and North America have significantly increased during the past decade. However, its price is extremely dependent on the weather, which makes it very volatile.
According to the U.S. Department of Agriculture (USDA), the price of rice was USD 413 per MT in April 2019 and increased to USD 564 per MT in 2020. A sharp price rise greatly affects its trade and, in turn, hampers the market growth. The increasing investments in research on novel methods in rice agriculture are expected to reduce the weather impact. This will help tan-colored rice manufacturers to tackle the restraining factors for the market growth.
Conventional Brown Rice Segment to Dominate the Market Share through 2028
The value for conventional brown rice is the highest in the global market, led by its extensive global popularity and reach. Conventional brown rice is cheaper as compared to organic tan-colored rice and it’s easier to find in retail channels. In developing markets of Asia Pacific, the knowledge regarding organic agricultural methods is less than that in North American and European countries. This makes conventional tan-colored rice a major produce and most consumed.
However, organic and clean-label products are rapidly gaining traction in the functional food sector led by as consumers become more health-conscious.
To know how our report can help streamline your business, Speak to Analyst
Wider Availability of Products and Freedom to Purchase Promote Sales Growth through Supermarkets/Hypermarkets
The supermarket/ hypermarket segment is continuously changing and the investors are capitalizing on purchasers' comforts to offer an easy shopping experience. Consumers can easily access varieties of brown-colored rice and choose according to their requirements. These channels also offer various discounts and offers that attract a larger consumer base and increase product sales.
Specialty stores are very popular in European countries as these stores offer novel and rare products. The growing interest in buying premium products fuels the sales through specialty stores. E-commerce or online retail stores are growing tremendously as they provide vast product variety and offer home deliveries of products of consumers’ choice. Online retail is expected to grow at the highest CAGR during the forecast period due to expanding internet facilities and rising knowledge regarding online ordering of foods.
Growing Demand for Health Improving Foods to during COVID-19 to Augment Market Growth
Brown-colored rice has gained significant importance among consumers during the COVID-19 pandemic. Consumers nowadays continuously seek products that boost their immunity and improve health. The trend for purchasing healthy products from retail channels has considerably increased the sales of packaged tan rice amid pandemic. During the first few weeks, the industry experienced a supply disturbance due to nationwide lockdowns and transportation restrictions. However, the demand for brown-colored rice increased immediately as supermarkets, grocery stores, and e-commerce channels opened. The leading manufacturers, such as Riviana Foods, KRBL Limited, and LT Foods Limited, invested in ready-to-cook, ready-to-eat tan rice products to further increase sales during the lockdown period. Consumers are interested in cooking at home and purchasing packaged tan-colored rice, which boosted the sales. The growing knowledge regarding the health benefits of consuming this type of rice among consumers is anticipated to propel market growth during the foreseeable years.
Asia Pacific Brown Rice Market Size, 2020 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
Asia Pacific to Lead due to Rising Consumer Awareness regarding Health Foods
Asia Pacific is witnessing promising growth due to increasing consumer awareness regarding the health benefits of this type of rice. Rising consumer discretionary income has allowed consumers to spend on health-improving products. Rice and tan-colored rice are the staple foods of various countries in the Asia Pacific, which further drives the growth of the market. Changing lifestyles and adopting healthier diets will promote regional growth.
Europe is the fastest-growing region supporting the growth of the global market. The region is witnessing strong demand for this type of rice, attributed to the growing trend toward specialty rice and whole grains. Furthermore, the region poses tremendous opportunities for market growth due to the growing product demand among health-conscious consumers to boost immunity and improve overall health. The increasing demand for organic brown-colored rice across various European markets, such as Germany, Italy, and Spain, drives the market growth in the region.
North America is mainly fueled by growing public awareness of the health benefits offered by the product, including prebiotic characteristics and improved gut health.
South America is witnessing strong growth in the industry due to the high production and export of rice from various countries such as Uruguay and Argentina. The growing trend for healthy foods across developing markets, including Brazil and Argentina is driving the market growth in the region. The increasing demand for organic grains is expected to amplify the demand for organic tan-colored rice in Latin America.
To know how our report can help streamline your business, Speak to Analyst
The Middle East & Africa is at the nascent stage. The growing awareness regarding the health benefits of the product among upper class consumers in the markets of Turkey, UAE, Saudi Arabia, and South Africa has considerably increased its demand. The rising trend of following Western diets is projected to drive market growth in the foreseeable period.
Riviana Foods, Inc. Focused on Expansion of its Production Facility to Strengthen the Business
Riviana Foods, Inc., a U.S.-based leader in brown rice, is actively investing in the expansion of its production capabilities to capitalize on the growing product demand among consumers. For instance, in April 2021, it announced an investment of USD 15 million to upgrade its instant rice production capacity. This has enabled the company to meet the growing product demand from consumers across the globe. The key players in the global market, such as KRBL Limited, LT Foods Limited, Kohinoor Foods Limited, and Kikkoman Corporation, are focusing on product innovations, acquisitions & mergers, and collaborations to further strengthen the market outlook. The entry of emerging major players in the market is fueling the market competition, which will work in favor of market expansion over 2021-2028.
An Infographic Representation of Brown Rice Market
To get information on various segments, share your queries with us
The global brown rice market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, nature, and distribution channels of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.
Value (USD billion)
By Distribution Channel
Fortune Business Insights says that the brown rice market was at USD 9.30 billion in 2020 and is projected to reach USD 13.27 billion by 2028.
In 2020, the Asia Pacific market value stood at USD 3.98 billion.
Growing at a CAGR of 4.57%, the market will exhibit steady growth during the forecast period (2021-2028).
The conventional brown rice segment is expected to be the leading segment based on the nature of the global market during the forecast period.
Rising knowledge regarding the health benefits of this type of rice among consumers is the key factor driving the growth of the market
Riviana Foods, Inc., KRBL Limited, and LT Foods Limited are the top players in the global market
Asia Pacific is expected to hold the highest market share in 2020.
Growing knowledge regarding prebiotics and gut health and the emerging trend of functional foods are the major factors driving the adoption of tan-colored rice.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry