Rice Market Report 2026

The rice market size has grown strongly in recent years. It will grow from $40.06 billion in 2025 to $43.51 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to expansion of rice consumption in staple diets, growth of irrigated rice farming, improvements in seed quality availability, government support for rice cultivation, increasing role of rice in food security programs.

The rice market size is expected to see strong growth in the next few years. It will grow to $61.3 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rising demand for nutritionally enhanced rice, increasing adoption of climate-resilient rice varieties, expansion of organic rice farming, growing investments in modern milling infrastructure, rising focus on traceable food supply chains. Major trends in the forecast period include increasing adoption of fortified rice varieties, rising demand for specialty and premium rice types, growing focus on sustainable rice cultivation practices, expansion of value-added rice products, improved post-harvest processing techniques.

A growing food and restaurant sector is expected to propel the growth of the rice market going forward. The food and restaurant sector refers to an industry that includes businesses providing food to consumers outside the home, such as dining establishments, takeaway services, cafeterias, and restaurants. Rice is a widely consumed staple that is essential to food security for more than half of the global population; therefore, the expansion of the food and restaurant sector is anticipated to support growth in the rice market. For instance, in February 2023, according to a report published by the National Restaurant Association, a US-based restaurant industry trade body, the foodservice industry was projected to generate $997 billion in sales in 2023, marking a notable increase from the $898 billion in sales forecast for 2022. Additionally, in February 2023, based on data shared by the United States Department of Agriculture (USDA), a US-based federal department responsible for enforcing laws related to agriculture and forestry, spending on food consumed outside the home - including restaurants, school cafeterias, sporting events, and other venues - increased by 7.5% in December 2022 compared to November 2022. Therefore, the expansion of the food and restaurant sector is driving the growth of the rice market.

Major companies operating in the rice market are focusing on the development of innovative offerings, such as rice-blend products, to reach broader customer groups, increase sales volumes, and boost revenue. Rice-blend products are food items that combine different rice varieties, often mixed with other grains, seeds, or ingredients to create unique and flavorful combinations. For instance, in September 2023, Rice Biotech, a US-based organization dedicated to translating health and medical technology research into practical applications, launched the Launch Pad accelerator. Supported by Rice University, this initiative is designed to accelerate health and medical innovations by offering essential resources, including mentorship, funding, and access to industry networks. The accelerator’s main objective is to convert biotech research into commercially viable solutions, with a focus on early-stage startups and researchers, enabling them to bring innovations to market more efficiently.

In August 2024, Benford Capital Partners, a US-based private equity firm, acquired Turri’s Italian Foods for an undisclosed amount. Through this acquisition, Benford Capital aims to strengthen its presence in the value-added food ingredients sector by expanding Turri’s production capabilities and pursuing additional acquisitions in pasta and rice manufacturing. Turri’s Italian Foods is a US-based producer of individually quick frozen (IQF) pasta and rice products.

Major companies operating in the rice market are LT Foods Ltd., KRBL Limited, Ebro Foods Inc., Aashirvad International, Lundberg Family Farms, Riviana Foods Inc., Adani Wilmar Limited, RiceSelect, PlanetRice, Carolina Plantation Rice, Riceland Foods Inc., Pride India FMCG Limited, Asia Golden Rice Co. Ltd., SunRice, Veetee Rice Limited, Kohinoor Foods Ltd., Chandrika Group, Tilda Group, Hanuman Rice Mills, Amar Singh Chawal Wala, Capitol Group, Shiva Rice Mills, Daawat, Galaxy Rice Mills Pvt. Ltd., Doaba Rice Mills, RiceSelect, PlanetRice.

Asia-Pacific was the largest region in the Rice market in 2025. North America is expected to be the fastest-growing region in the rice market report during the forecast period. The regions covered in the rice market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the rice market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The rice market consists of calrose rice, rose matta rice, cialone nano rice. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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