GCC Basmati Rice Market, By Form ; By Price ; By Sales Channel ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2018-2028

Description

GCC Basmati Rice Market Size Set to Cross USD 2.9 billion by 2028

GCC basmati rice market is flourishing owing to increasing consumer demand for higher quality food products including rice, rising disposable income, and the high presence of South Asian expatriates across GCC countries.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the size of GCC basmati rice market size at USD 1.94 billion in 2021. During the forecast period between 2022 and 2028, the GCC basmati rice market is expected to grow at a steady CAGR of 5.9% reaching a value of USD 2.92 billion by 2028. The lack of rice production in the GCC due to unfavorable climatic conditions and a rising demand for higher-quality rice is one of the main drivers of market expansion. Furthermore, because wheat and basmati rice are both considered staple foods in the GCC countries, exports from India and Pakistan are increasing. A high concentration of Asian expatriate population is also driving the overall sales of basmati rice in the region. Furthermore, the rising prevalence of lifestyle diseases caused by a lack of physical activity is raising people's awareness of their health. As a result, the consumption of brown basmati rice, which has a low-fat content and a high nutritional value, has increased significantly. Government organizations in GCC countries are promoting foreign investments in rice imports, which is also expected to drive further growth in GCC basmati rice market during the period in analysis.

GCC Basmati Rice Market - Overview

The superior quality, flavor, and aroma of basmati rice are encouraging consumer preference for the product, which benefits the GCC basmati rice market. The cuisine of many consumers is not complete without the basmati variety. It is used to prepare opulent dishes that are layered with dried fruit, rice, and meat. Additionally, it is a component of many cultures' staple diets, which contributes to the industry's expansion. The GCC market for basmati rice is also growing because of rising consumer preferences. Additionally, significant importers of basmati rice in GCC are the Saudi Arabia and UAE.

Growing population and rising disposable income in major GCC countries are also propelling the GCC basmati rice market forward. Because basmati rice is perceived as a premium variety, rising disposable income leads to increased consumption of premium products, providing additional impetus to the GCC basmati rice market growth. With rising consumer health consciousness, the basmati variety of rice is becoming increasingly popular due to its high nutritional value and low-fat content.

GCC Basmati Rice Market - Segmental Information

GCC basmati rice market is divided into Raw and Parboiled segments based on form; Standard and Premium categories by price; and Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, and other segments based on sales channel. The GCC basmati rice market covers the region's major countries, such as Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain. During the forecast period, Saudi Arabia is expected to hold the highest market share in the GCC basmati rice market.

Impact of COVID-19 on GCC Basmati Rice Market

The COVID-19 pandemic drastically altered the demand and consumption patterns of many businesses across industries. Due to the extensive supply and production bottlenecks that developed as a result of restrictions on economic activities, the pandemic saw the food industries scrambling to find new production strategies and consumer propositions. Additionally, retail chains suffered from a lack of variety on their shelves, which significantly changed the dynamics of the basmati rice market. Due to restrictions on human movement in 2020, many companies had to change their consumer targeting strategies to keep customers interested in making online purchases. However, post the relaxations on the COVID-19 pandemic-related restrictions across GCC countries could help GCC basmati rice market to record its growth at pre-COVID-19 level.

Competitive Landscape

Prominent players in GCC basmati rice market include Nur Jahan, India Gate, Daawat, Tilda, Mumtaz, Goodness Foods, Kohinoor, Fortune, Albadia, and Dunar. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in GCC basmati rice market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Basmati Rice Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Basmati Rice Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22526

1. Research Framework

1.1. Research Objective
1.2. Market Overview
1.3. Market Segmentation

2. Executive Summary

3. GCC Basmati Rice Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing Demand for Better Quality Rice
  - 3.2.1.2. Rising Demand from Expatriates from South Asian Countries
- 3.2.2. Restraints
- 3.2.3. Opportunities
  - 3.2.3.1. Encouraging Abroad Investments for the Import of Rice
- 3.2.4. Challenges
  - 3.2.4.1. Lack of Awareness
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. GCC Basmati Rice Market Overview

4.1. Market Size & Forecast, by Value, 2018-2028
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Form
  - 4.2.1.1. Raw
  - 4.2.1.2. Parboiled
- 4.2.2. By Price
  - 4.2.2.1. Standard
  - 4.2.2.2. Premium
- 4.2.3. By Sales Channel
  - 4.2.3.1. Supermarkets/Hypermarkets
  - 4.2.3.2. Departmental Stores
  - 4.2.3.3. Specialty Stores
  - 4.2.3.4. Others
- 4.2.4. By Countries
  - 4.2.4.1. Saudi Arabia
  - 4.2.4.2. UAE
  - 4.2.4.3. Qatar
  - 4.2.4.4. Kuwait
  - 4.2.4.5. Oman
  - 4.2.4.6. Bahrain

5. Saudi Arabia Basmati Rice Market Overview

5.1. Market Size & Forecast, by Value, 2018-2028
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Form
- 5.2.2. By Price
- 5.2.3. By Sales Channel

6. UAE Basmati Rice Market Overview

6.1. Market Size & Forecast, by Value, 2018-2028
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Form
- 6.2.2. By Price
- 6.2.3. By Sales Channel

7. Qatar Basmati Rice Market Overview

7.1. Market Size & Forecast, by Value, 2018-2028
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Form
- 7.2.2. By Price
- 7.2.3. By Sales Channel

8. Kuwait Basmati Rice Market Overview

8.1. Market Size & Forecast, by Value, 2018-2028
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Form
- 8.2.2. By Price
- 8.2.3. By Sales Channel

9. Oman Basmati Rice Market Overview

9.1. Market Size & Forecast, by Value, 2018-2028
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Form
- 9.2.2. By Price
- 9.2.3. By Sales Channel

10. Bahrain Basmati Rice Market Overview

10.1. Market Size & Forecast, by Value, 2018-2028
- 10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
- 10.2.1. By Form
- 10.2.2. By Price
- 10.2.3. By Sales Channel

11. Competitive Landscape

11.1. List of Key Players and Their Offerings
11.2. GCC Basmati Rice Company Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)

12. Impact of Covid-19 on GCC Basmati Rice Market

13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

13.1. Nur Jahan
13.2. India Gate
13.3. Daawat
13.4. Tilda
13.5. Mumtaz
13.6. Goodness Foods
13.7. Kohinoor
13.8. Fortune
13.9. Albadia
13.10. Dunar
13.11. Other Prominent Players

14. Key Strategic Recommendations

15. Research Methodology

15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
15.2. Quantitative Research
15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
15.4. Breakdown of Primary Research Respondents, By Region
15.5. Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List Of Figures

Figure 1 GCC Basmati Rice Market Segmentation
Figure 2 GCC Basmati Rice Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 GCC Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 5 GCC Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 6 GCC Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 7 GCC Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028
Figure 8 GCC Basmati Rice Market Share, By Country, By Value, 2018-2028
Figure 9 Saudi Arabia Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 10 Saudi Arabia Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 11 Saudi Arabia Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 12 Saudi Arabia Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028
Figure 13 UAE Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 14 UAE Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 15 UAE Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 16 UAE Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028
Figure 17 Qatar Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 18 Qatar Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 19 Qatar Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 20 Qatar Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028
Figure 21 Kuwait Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 22 Kuwait Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 23 Kuwait Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 24 Kuwait Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028
Figure 25 Oman Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 26 Oman Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 27 Oman Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 28 Oman Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028
Figure 29 Bahrain Basmati Rice Market Size, By Value (USD Billion), 2018-2028
Figure 30 Bahrain Basmati Rice Market Share, By Form, By Value, 2018-2028
Figure 31 Bahrain Oman Basmati Rice Market Share, By Price, By Value, 2018-2028
Figure 32 Bahrain Basmati Rice Market Share, By Sales Channel, By Value, 2018-2028

List Of Tables

Table 1 GCC Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 2 GCC Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 3 GCC Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 4 GCC Basmati Rice Market Size, By Country, By Value, 2018-2028
Table 5 Saudi Arabia Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 6 Saudi Arabia Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 7 Saudi Arabia Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 8 UAE Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 9 UAE Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 10 UAE Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 11 Qatar Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 12 Qatar Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 13 Qatar Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 14 Kuwait Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 15 Kuwait Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 16 Kuwait Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 17 Oman Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 18 Oman Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 19 Oman Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 20 Bahrain Basmati Rice Market Size, By Form, By Value, 2018-2028
Table 21 Bahrain Basmati Rice Market Size, By Price, By Value, 2018-2028
Table 22 Bahrain Basmati Rice Market Size, By Sales Channel, By Value, 2018-2028
Table 23 Nur Jahan Company Overview
Table 24 Nur Jahan Financial Overview
Table 25 India Gate Company Overview
Table 26 India Gate Financial Overview
Table 27 Daawat Company Overview
Table 28 Daawat Financial Overview
Table 29 Tilda Company Overview
Table 30 Tilda Financial Overview
Table 31 Mumtaz Company Overview
Table 32 Mumtaz Financial Overview
Table 33 Goodness Foods Company Overview
Table 34 Goodness Foods Financial Overview
Table 35 Kohinoor Company Overview
Table 36 Kohinoor Financial Overview
Table 37 Fortune Company Overview
Table 38 Fortune Financial Overview
Table 39 Albadia Company Overview
Table 40 Albadia Financial Overview
Table 41 Dunar Company Overview
Table 42 Dunar Financial Overview