Rice - Mauritius | Statista Market Forecast

Revenue in the Rice market amounts to US$32.92m in 2024. The market is expected to grow annually by 4.72% (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$25.28 are generated in 2024.
In the Rice market, volume is expected to amount to 17.41m kg by 2029. The Rice market is expected to show a volume growth of 0.9% in 2025.0.
The average volume per person in the Rice market is expected to amount to 12.8kg 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 Mauritius is experiencing minimal growth, influenced by factors such as changing consumer preferences and increasing competition from other food products. Despite this slow growth, the convenience and health benefits of rice continue to drive demand in the bread and cereal products market within the food industry.

Customer preferences: With the growing awareness of health and wellness, consumers in Mauritius are turning to healthier food options, including brown rice and quinoa. This is driven by the increasing prevalence of lifestyle diseases such as obesity and diabetes. Additionally, the trend of clean eating and plant-based diets is gaining traction, leading to a rise in demand for organic and gluten-free rice products. The rise of e-commerce and online grocery shopping has also made it easier for consumers to access a variety of rice options, including exotic and specialty varieties.

Trends in the market: In Mauritius, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for organic and gluten-free rice products, reflecting a global shift towards healthier and more sustainable food options. This trend is expected to continue, driven by increasing health consciousness and the rising prevalence of dietary restrictions. Industry stakeholders must adapt to this trend by diversifying their product offerings and investing in sustainable sourcing practices, in order to remain competitive in the market.

Local special circumstances: In Mauritius, the rice market is heavily influenced by cultural and geographical factors. Due to its location in the Indian Ocean, the country has a strong Indian and Chinese influence, leading to a high demand for rice as a staple food. Additionally, the government's efforts to promote self-sufficiency in rice production have resulted in a successful local rice industry. This has led to a unique market dynamic, with a mix of imported and locally produced rice dominating the market. Furthermore, the country's cultural diversity has also led to a variety of rice-based dishes, creating opportunities for niche products and specialty rice varieties.

Underlying macroeconomic factors: The Rice Market of the Bread & Cereal Products Market within The Food market in Mauritius is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economic growth and stable political environment contribute to a positive market outlook, with increasing consumer purchasing power and demand for high-quality food products. Additionally, favorable trade policies and government support for agricultural production have further bolstered the market, leading to a rise in rice exports and a diverse range of rice varieties available in the market.

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.