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Asia-Pacific Rice Market Size (2024 - 2029)

The Asia-Pacific rice market is experiencing growth, driven by various factors including increased demand and rising export prices. Despite challenges such as climate change and limited access to technology, the market's expansion is supported by advancements in monitoring and forecasting techniques. Urbanization and changing consumption patterns in middle and high-income countries are influencing market dynamics, while a significant portion of the population in the region still faces unmet rice demand. The market's size is expected to grow, reflecting these complex interactions and developments.

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Market Size of Asia-Pacific Rice Industry

Asia-Pacific Rice Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 194.30 Billion
Market Size (2029) USD 223.60 Billion
CAGR (2024 - 2029) 2.80 %

Asia Pacific Rice Market Analysis

The Asia-Pacific Rice Market size is estimated at USD 194.30 billion in 2024, and is expected to reach USD 223.60 billion by 2029, growing at a CAGR of 2.80% during the forecast period (2024-2029).

  • Rice is a staple for 60% of Asia's population, with the continent responsible for about 90% of the world's rice cultivation and consumption. In Asia-Pacific, rice farming covers over 135 million hectares and employs more than 300 million people. Data from the United States Department of Agriculture (USDA) highlights China and India as the top global rice producers, accounting for over 50% of the world's output. Other notable contributors include Indonesia, Bangladesh, Vietnam, and Thailand.
  • Under 7% of the world's rice harvest enters international trade. Thailand, Vietnam, the United States, India, and Pakistan are major exporters in this arena. These nations primarily deal in significantly larger volumes of lower-premium rice. Such varieties predominantly reach tropical developing countries, notably in Sub-Saharan Africa and the Middle East. In contrast, wealthier nations focus on importing high-value aromatic rice, with esteemed varieties like Basmati and Thai leading the demand.
  • Rice production in the region grapples with challenges such as water shortages and the impacts of climate change. Elevating rice production in Asia is vital for ensuring food security, meeting the needs of a growing population, and improving farmers' livelihoods. Acknowledging these hurdles, international agricultural agencies are ramping up efforts to bolster regional rice production, focusing on boosting productivity and conserving water. In 2023, the International Atomic Energy Agency (IAEA) and Food and Agriculture Organization (FAO) launched the Atoms4Food initiative, harnessing cutting-edge nuclear techniques to elevate agricultural productivity, guarantee food safety, curtail wastage, enhance nutrition, and address climate change issues. This approach aims to amplify agricultural efficiency while safeguarding soil health. Farmers across multiple Asia-Pacific nations have embraced these technologies, achieving sustainable boosts in both productivity and profitability, thereby broadening the region's rice market.

Asia Pacific Rice Industry Segmentation

Rice is a cereal grain that serves as the staple food for more than half of the global population, predominantly in Asia-Pacific. It is derived from the grass species Oryza sativa.

The Asia-Pacific rice market is segmented by geography (China, India, Japan, Thailand, Vietnam, Australia, Pakistan, Bangladesh, the Philippines, Indonesia, and Sri Lanka). The study includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market size and forecast in terms of value (USD) and volume (metric tons).

Geography
China
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
India
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Japan
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Thailand
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Wholesale Price Trend Analysis
Vietnam
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Australia
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Pakistan
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Bangladesh
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Philippines
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Indonesia
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
Sri Lanka
Production Analysis by Volume
Consumption Analysis by Value and Volume
Import Analysis by Value and Volume
Export Analysis by Value and Volume
Wholesale Price Trend Analysis
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Asia-Pacific Rice Market Size Summary

The Asia-Pacific rice market is a crucial component of the global agricultural landscape, given that it produces the majority of the world's rice on a vast expanse of land. This staple food is essential for over three billion people, serving as a primary source of income for farmers in the region. However, the industry faces significant challenges, including the impacts of climate change, which threaten rice production through rising sea levels and other environmental factors. To mitigate these risks, advanced technologies such as satellite monitoring are being employed in several countries to enhance crop forecasting and support farmers during adverse conditions. Despite these challenges, the market is expected to grow, driven by increasing demand for rice due to rising populations and urbanization in the region.

The market dynamics are further influenced by geopolitical factors, such as the Ukraine crisis, which has led to increased rice prices and heightened demand for Asian rice exports. Countries like Vietnam and Thailand are seeing a surge in interest from international buyers, including those from Europe and the United States. Meanwhile, China and India continue to dominate rice production, with China also focusing on innovative agricultural practices to boost yield and sustainability. The introduction of salt-resistant rice varieties and perennial rice cultivation are examples of efforts to enhance food security and reduce the environmental impact of rice farming. As the region's population grows and per capita income rises, the demand for rice is anticipated to increase, supporting the market's expansion over the forecast period.

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Asia-Pacific Rice Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Regional Population

      2. 1.2.2 Advancing Research Initiatives

      3. 1.2.3 Increasing Support from Governments

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Sustainability Initiatives

      2. 1.3.2 Production Vulnerable to Climate Challenges

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Geography

      1. 2.1.1 China

        1. 2.1.1.1 Production Analysis by Volume

        2. 2.1.1.2 Consumption Analysis by Value and Volume

        3. 2.1.1.3 Import Analysis by Value and Volume

        4. 2.1.1.4 Export Analysis by Value and Volume

        5. 2.1.1.5 Wholesale Price Trend Analysis

      2. 2.1.2 India

        1. 2.1.2.1 Production Analysis by Volume

        2. 2.1.2.2 Consumption Analysis by Value and Volume

        3. 2.1.2.3 Import Analysis by Value and Volume

        4. 2.1.2.4 Export Analysis by Value and Volume

        5. 2.1.2.5 Wholesale Price Trend Analysis

      3. 2.1.3 Japan

        1. 2.1.3.1 Production Analysis by Volume

        2. 2.1.3.2 Consumption Analysis by Value and Volume

        3. 2.1.3.3 Import Analysis by Value and Volume

        4. 2.1.3.4 Export Analysis by Value and Volume

        5. 2.1.3.5 Wholesale Price Trend Analysis

      4. 2.1.4 Thailand

        1. 2.1.4.1 Production Analysis by Volume

        2. 2.1.4.2 Consumption Analysis by Value and Volume

        3. 2.1.4.3 Import Analysis by Value and Volume

        4. 2.1.4.4 Export Analysis by Value and Volume

        5. 2.1.4.5 Wholesale Price Trend Analysis

        6. 2.1.4.6 Wholesale Price Trend Analysis

      5. 2.1.5 Vietnam

        1. 2.1.5.1 Production Analysis by Volume

        2. 2.1.5.2 Consumption Analysis by Value and Volume

        3. 2.1.5.3 Import Analysis by Value and Volume

        4. 2.1.5.4 Export Analysis by Value and Volume

        5. 2.1.5.5 Wholesale Price Trend Analysis

      6. 2.1.6 Australia

        1. 2.1.6.1 Production Analysis by Volume

        2. 2.1.6.2 Consumption Analysis by Value and Volume

        3. 2.1.6.3 Import Analysis by Value and Volume

        4. 2.1.6.4 Export Analysis by Value and Volume

        5. 2.1.6.5 Wholesale Price Trend Analysis

      7. 2.1.7 Pakistan

        1. 2.1.7.1 Production Analysis by Volume

        2. 2.1.7.2 Consumption Analysis by Value and Volume

        3. 2.1.7.3 Import Analysis by Value and Volume

        4. 2.1.7.4 Export Analysis by Value and Volume

        5. 2.1.7.5 Wholesale Price Trend Analysis

      8. 2.1.8 Bangladesh

        1. 2.1.8.1 Production Analysis by Volume

        2. 2.1.8.2 Consumption Analysis by Value and Volume

        3. 2.1.8.3 Import Analysis by Value and Volume

        4. 2.1.8.4 Export Analysis by Value and Volume

        5. 2.1.8.5 Wholesale Price Trend Analysis

      9. 2.1.9 Philippines

        1. 2.1.9.1 Production Analysis by Volume

        2. 2.1.9.2 Consumption Analysis by Value and Volume

        3. 2.1.9.3 Import Analysis by Value and Volume

        4. 2.1.9.4 Export Analysis by Value and Volume

        5. 2.1.9.5 Wholesale Price Trend Analysis

      10. 2.1.10 Indonesia

        1. 2.1.10.1 Production Analysis by Volume

        2. 2.1.10.2 Consumption Analysis by Value and Volume

        3. 2.1.10.3 Import Analysis by Value and Volume

        4. 2.1.10.4 Export Analysis by Value and Volume

        5. 2.1.10.5 Wholesale Price Trend Analysis

      11. 2.1.11 Sri Lanka

        1. 2.1.11.1 Production Analysis by Volume

        2. 2.1.11.2 Consumption Analysis by Value and Volume

        3. 2.1.11.3 Import Analysis by Value and Volume

        4. 2.1.11.4 Export Analysis by Value and Volume

        5. 2.1.11.5 Wholesale Price Trend Analysis

Asia-Pacific Rice Market Size FAQs

The Asia-Pacific Rice Market size is expected to reach USD 194.30 billion in 2024 and grow at a CAGR of 2.80% to reach USD 223.60 billion by 2029.

In 2024, the Asia-Pacific Rice Market size is expected to reach USD 194.30 billion.

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