World Rice Market to Grow 4.2% annually from 2015 to 2019

Date: 2015-08-12

Global demand for rice is forecast to expand 4.2% p.a. between 2015 and 2019. Bolivia, China, India, Nigeria and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global rice industry is forecast to reach 4.2% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 11.7%. Currently, semi-milled/wholly milled rice accounts for 86.3% of the global demand while the remaining market share is divided between husked brown rice (9.2%) and broken rice (4.5%).

China, India, Japan, Nigeria and the United States represent the largest rice markets while the strongest annual growth is forecast to occur in Bolivia (11.7%), India (9.2%), Ethiopia (5.8%), Hungary (5.3%) and Bangladesh (5.2%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential rice markets in the coming years are:

Ranking

Country

Market Potential Rate

1

China

0.80

2

India

0.43

3

Nigeria

0.17

4

Bolivia

0.12

5

United States

0.10

6

South Korea

0.08

7

Japan

0.06

8

Bangladesh

0.06

9

Ethiopia

0.06

10

Mexico

0.05

11

Hungary

0.05

12

Morocco

0.05

13

Poland

0.04

14

Colombia

0.03

15

Australia

0.03

16

Vietnam

0.03

17

Azerbaijan

0.03

18

Qatar

0.03

19

Indonesia

0.02

20

Italy

0.02

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