Rice - CIS | Statista Market Forecast

Revenue in the Rice market amounts to US$1.95bn in 2024. The market is expected to grow annually by 10.51% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$150bn in 2024).
In relation to total population figures, per person revenues of US$8.02 are generated in 2024.
In the Rice market, volume is expected to amount to 1.85bn kg by 2029. The Rice market is expected to show a volume growth of 5.6% in 2025.0.
The average volume per person in the Rice market is expected to amount to 6.1kg in 2024.

Definition:

Around the world, rice is a widely farmed and consumed staple food crop. It is a cereal grain that serves as a significant source of fiber, vitamins, and minerals. The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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White Rice
Brown Rice
Basmati Rice
Jasmine Rice
Arborio Rice
Parboiled Rice
Quick-Cooking Rice

Rice-based ready-to-eat meals
Puffed rice
Coucous
Bulgur
Rice noodles
Out-of-home consumption

The Rice Market in the CIS region is experiencing mild growth, influenced by factors such as increasing consumer awareness about the benefits of rice, convenience of online purchasing, and adoption of digital technologies. This growth is expected to continue as the demand for healthy and convenient food options rises.

Customer preferences: The Rice Market in the Bread & Cereal Products Market within The Food market is seeing a rise in demand for organic and sustainable rice options, as consumers become more health-conscious and environmentally aware. This trend is driven by a growing preference for clean and ethically-sourced products, as well as a desire to support local farmers and reduce carbon footprint. Additionally, there is a growing interest in rice alternatives such as quinoa and cauliflower rice, as consumers seek healthier and more diverse options in their diets.

Trends in the market: In CIS countries, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier options, with a growing demand for organic and gluten-free rice products. In addition, there is a rise in convenience products, such as pre-cooked and flavored rice, catering to busy urban consumers. This trend is expected to continue, driven by increasing health consciousness and changing consumer preferences. Industry stakeholders should focus on innovation and diversification to capitalize on these trends and stay competitive in the market.

Local special circumstances: In the CIS region, the Rice Market of the Bread & Cereal Products Market within The Food market is heavily influenced by cultural preferences and production capabilities. In countries like Uzbekistan and Kazakhstan, where rice is a staple food, the market is driven by domestic production and consumption. In Russia, import restrictions and tariffs on rice have led to a surge in local production, making it a key factor in the market. Additionally, the traditional use of rice in dishes like pilaf and biryani has created a demand for specific varieties, leading to a diverse range of products in the market.

Underlying macroeconomic factors: The Rice Market of the Bread & Cereal Products Market within The Food market is greatly impacted by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The demand for rice is heavily influenced by overall economic stability and consumer purchasing power, as it is a staple food in many countries. In addition, fluctuations in currency exchange rates can greatly impact market prices for rice, making it a sensitive market to economic changes. Additionally, government policies and subsidies for rice production and trade can significantly impact market performance in the CIS region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.