Brazil Rice Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.10 % |
Brazil Rice Market Analysis
The Brazil Rice Market is estimated to grow at a CAGR of 1.1% during the forecast period.
- Rice is grown as a major staple crop in Brazil. The crop is cultivated in the wet soils common in the lowlands of the region. The country is continuously increasing its rice production by adopting irrigated ecology and decreasing the significance of the low-yielding upland sector. Countries like Brazil have increased their trade relationship with key African countries. The recent fall in rice trading prices, credit crunch, and high price inventory are putting pressure on the country's rice trade market.
- In 2023, Brazil's Agriculture Minister indicated new administration for increasing government stocks of foodstuffs such as corn, rice, and dry beans, doubling the funding for Embrapa to increase research on low-carbon agriculture, and to develop alternative fertilizers to reduce dependence on imported fertilizers and also focus on the future with information on grain stocks, anticipated sales, anticipated domestic demand and export sales, and weather forecasting which will drive the market during the forecasting period.
- Factors driving Brazil's transformation include agricultural research that has increased yields, expansion of the arable land base, large investments in production technologies to develop crop and forage varieties, and increased global demand for food and animal feed, particularly over the last decade which will boost the rice market during the forecasting period.
Brazil Rice Market Trends
This section covers the major market trends shaping the Brazil Rice Market according to our research experts:
Brazil is predominant in Rice Production
Brazil, the fifth largest country in area and population and the largest in terms of arable land, is among the few countries with the potential to increase agricultural productivity in terms of cereals crops like rice. Over the past two decades, Brazil has been consolidating its position as a major producer of rice and related products as well as a supplier to international markets.
The major rice-producing areas are based in the South, Centre-West, and Northeast regions of Brazil. The Southern areas are the Rio Grande do Sul (RS) and Santa Catarina (SC), which produce approximately 47% and 8% of the country's total rice, respectively. According to FAO, the production of rice in 2021 is 11.6 million metric ton which is slightly increased compared to previous years of production in the country. Compared to other rice-growing regions in the world, rice cultivation on larger farms in Brazil is predominantly mechanized. Direct seeding and purchased inputs are used for cultivation across the country.
Brazil has a highly qualified and innovative rice industry that boasts a high technological standard, with a focus on exclusive and efficient service to the most demanding requirements of international food supply. Domestic companies offer expressive flexibility in meeting specific needs sought by consumers from different countries, based on logistical and consumption characteristics. Above all these factors will drive the rice market in the coming years.
Huge Potential for Brazil Rice Exports
According to the International Trade Centre (ITC), Brazil is the largest rice-exporting and importing country in the South American region. Venezuela, Senegal, Peru, the Netherlands, and the United States are the major importers of Brazilian Rice and Peru has the highest export value of USD 359,090 Thousand in 2021 which is a decline this year compared to last year due to the pandemic effect all over the world and holds a major share of 16% in 2021 among all the countries in the region.
The vast wetlands of Brazil hold higher significance for the future production growth of rice in the country. Furthermore, due to its continental proportions and the cutting-edge technology employed in industrial processes, the country is quickly able to expand its offer of grain in the face of global demand. According to the United States Department of Agriculture, the Brazilian crop, around 7.2 million ton or 22700 Thousand Hectares in 2022, of rice is harvested in the south of the country, in the states of Santa Catarina and the Rio Grande do Sul, in an area of 12,500 km2, in a subtropical climate. The southern region is home to 25,000 rice farmers in more than 200 municipalities. The cereal for export originates entirely from this region. The rest of the national harvest, cultivated in other regions, is geared towards domestic consumption which will drive the rice market.
Brazil Rice Market News
- January 2023: Brazilian firm Luma Brazil made a deal with Bobtrack to support Nigeria in rice revolution through tractorisation which can focus on rice value chain in Nigeria that would help turn Nigeria from an importing to an exporting country.
- February 2022: Brazilian Ministry of External Relations' Cooperation Agency (ABC) has made partnership with the United Nations Office for Project Services (UNOPS) for the transportation of this rice from warehouses of the Brazilian National Supply Company to the port of Beirut with significant donation of rice from the Brazilian government in total, 4.000 thousand ton of fine long polished processed rice - type 1, at a market value of approximately USD 2 million.
Brazil Rice Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 Brazil
5.1.1.1 Production Analysis
5.1.1.2 Consumption Analysis and Market Value
5.1.1.3 Import Analysis (Value and Volume)
5.1.1.4 Export Analysis (Value and Volume)
5.1.1.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Rice Industry Segmentation
Rice is a convenient form of nutritious and healthy food that is made available to consumers through retail channels and farms. The Report 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 the market size and forecast in both value (USD million) and volume (metric ton).
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Brazil Rice Market Research FAQs
What is the current Brazil Rice Market size?
The Brazil Rice Market is projected to register a CAGR of 1.10% during the forecast period (2024-2029)
What years does this Brazil Rice Market cover?
The report covers the Brazil Rice Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Rice Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Rice Industry Report
Statistics for the 2024 Brazil Rice market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Rice analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Brazil Rice Market Report Snapshots
