GCC Rice Market

Market Overview:

The GCC rice market is projected to exhibit a growth rate (CAGR) of 3.62% during 2023-2028. The continuous advancements in rice processing and packaging technology across the region, a significant shift towards healthier varieties of rice and the growing health consciousness among the masses represent some of the key factors driving the market.

Rice is a fundamental food staple, crucial to the diet of more than half of the global population. It is a primary agricultural commodity, primarily grown in various parts of Asia, although cultivation extends to many other regions across the globe. It is a cereal grain that comes in different varieties, including white, brown, red, and black rice. Each of these varieties has its unique taste, texture, and nutritional profile. While brown rice is a whole grain that retains all parts of the grain, including the bran, germ, and endosperm, white rice is refined to remove the bran and germ, leaving just the endosperm. Additionally, it has high carbohydrate content, provides energy to the human body, and contains essential vitamins, minerals, and fiber, depending on the variety. Moreover, it is often used in a variety of industries, including food and beverage, cosmetics, pharmaceuticals, and even brewing. Its diverse applications, nutritional properties, and global culinary significance mark rice as a critical commodity in worldwide trade and consumption.

GCC Rice Market Trends:

The GCC rice market represents a substantial segment of the international food trade. The GCC is heavily reliant on rice imports due to arid climatic conditions unsuitable for large-scale rice cultivation. Along with this, the rising demand for rice in these regions is a pivotal driver for the market, fueled by the growing population and increasing per capita income. The residents' diverse food habits, which feature rice as a principal dietary constituent, are also pushing the market forward. In addition, the advancement in rice processing and packaging technology has improved the product's shelf-life, ensuring a reliable supply to meet the high demand. These technological advancements have boosted consumer confidence in the quality and safety of the rice they consume, thereby promoting the market. Moreover, the market also benefits from the growing health consciousness among consumers, with a significant shift towards healthier varieties of rice, such as brown and wild rice. These varieties are known for their high nutritional content, including fiber, vitamins, and minerals. Apart from this, the increased government initiatives towards ensuring food security have paved the way for strong bilateral trade relationships with major rice-exporting countries. These strategic trade agreements ensure a steady rice supply, stabilizing the GCC region's market. Furthermore, trends towards organic and sustainably grown rice are gaining traction in the market, driven by rising consumer awareness about environmental conservation and sustainable agricultural practices. This shift towards eco-friendly rice varieties is creating a positive market outlook.

GCC Rice Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the GCC rice market report, along with forecasts at the regional and country levels for 2023-2028. Our report has categorized the market based on product type, type, grain size, distribution channel, and application.

Product Type Insights:

• Regular
• Aromatic
   

The report has provided a detailed breakup and analysis of the market based on the product type. This includes regular and aromatic.

Type Insights:

• Red Rice
• Arborio Rice
• Black Rice
• Grain Fragrance Rice
• Brown Rice
• Rosematta Rice
• Grain Parboiled Rice
• Sushi Rice
• Others
   

A detailed breakup and analysis of the market based on the type has also been provided in the report. This includes red rice, arborio rice, black rice, grain fragrance rice, brown rice, Rosematta rice, grain parboiled rice, sushi rice, and others.

Grain Size Insights:

• Long Grain
• Medium Grain
• Short Grain
   

The report has provided a detailed breakup and analysis of the market based on the grain size. This includes long grain, medium grain, and short grain.

Distribution Channel Insights:

• Offline Stores
• Online Stores
   

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes offline stores and online stores.

Application Insights:

• Food
• Feed
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes food, feed, and others.

Country Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the GCC rice market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Report Coverage:

Key Questions Answered in This Report:

• How has the GCC rice market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC rice market?
• What is the breakup of the GCC rice market on the basis of product type?
• What is the breakup of the GCC rice market on the basis of type?
• What is the breakup of the GCC rice market on the basis of grain size?
• What is the breakup of the GCC rice market on the basis of distribution channel?
• What is the breakup of the GCC rice market on the basis of application?
• What are the various stages in the value chain of the GCC rice market?
• What are the key driving factors and challenges in the GCC rice market?
• What is the structure of the GCC rice market and who are the key players?
• What is the degree of competition in the GCC rice market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC rice market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC rice market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC rice industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.