Rice - Costa Rica | Statista Market Forecast

Revenue in the Rice market amounts to US$34.11m in 2024. The market is expected to grow annually by 5.40% (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$6.50 are generated in 2024.
In the Rice market, volume is expected to amount to 18.06m kg by 2029. The Rice market is expected to show a volume growth of 3.2% in 2025.0.
The average volume per person in the Rice market is expected to amount to 3.1kg 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 Costa Rica has seen minimal growth due to various factors such as low consumer demand, limited technological advancements, and lack of awareness about online services. Despite this, the market is expected to slowly grow in the coming years.

Customer preferences: As Costa Rican consumers become more health-conscious, there has been a notable increase in demand for organic and whole grain rice products. This trend is driven by a growing preference for natural and unprocessed foods, as well as the influence of traditional Costa Rican cuisine, which emphasizes the use of whole grains. Additionally, the rise of vegan and vegetarian diets among younger demographics has also contributed to the popularity of alternative rice options like quinoa and wild rice.

Trends in the market: In Costa Rica, the Rice Market within the Bread & Cereal Products Market is experiencing a surge in demand for organic and gluten-free options. This is driven by a growing health-conscious population and a shift towards sustainable and environmentally-friendly consumption. As a result, industry stakeholders are investing in research and development to meet these evolving consumer preferences. Additionally, there is a trend towards online shopping and home delivery of food products, providing convenience for consumers and boosting sales for rice market players. This trend is expected to continue in the coming years, presenting opportunities for industry stakeholders to tap into the e-commerce market and expand their customer base.

Local special circumstances: In Costa Rica, the Rice Market within the Bread & Cereal Products Market is heavily influenced by the country's geography and climate. As a tropical nation with a diverse landscape, Costa Rica's rice production is heavily reliant on irrigation and water management practices. Additionally, the country's traditional diets and cultural preferences also play a role in shaping the demand for rice and other cereal products. Furthermore, government regulations and trade policies have a significant impact on the import and export of rice, making it a highly regulated market.

Underlying macroeconomic factors: The growth of the Rice Market within the Bread & Cereal Products Market in Costa Rica is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Costa Rica's stable and growing economy, driven by strong exports and a thriving tourism industry, has led to a rise in disposable income and consumer spending. This, in turn, has increased the demand for rice and other food products, driving market growth. Additionally, government initiatives to promote agriculture and improve infrastructure have further boosted the rice market in Costa Rica. However, fluctuations in global rice prices and currency exchange rates can also impact the market performance.

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.