Rice - Paraguay | Statista Market Forecast

Revenue in the Rice market amounts to US$34.53m in 2024. The market is expected to grow annually by 7.14% (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$4.97 are generated in 2024.
In the Rice market, volume is expected to amount to 27.77m kg by 2029. The Rice market is expected to show a volume growth of 4.5% in 2025.0.
The average volume per person in the Rice market is expected to amount to 3.4kg 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 Paraguay is experiencing minimal growth, influenced by factors such as low consumption rates and limited technological advancements. Despite this, The Food market in Paraguay remains steady due to the high demand for traditional rice products.

Customer preferences: Consumers in Paraguay are increasingly opting for healthier and more sustainable food options, leading to a rise in demand for organic and locally-sourced rice. This trend is driven by a growing awareness of the environmental impact of food production and a desire for healthier, chemical-free products. Additionally, there is a shift towards convenience and ready-to-eat rice products, as busy lifestyles and a growing urban population make traditional cooking methods less feasible.

Trends in the market: In Paraguay, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for organic and locally sourced rice. This trend is driven by a growing consumer preference for healthier and more sustainably produced food products. Additionally, there is a rising awareness of the negative environmental impact of conventional rice production methods. This trend is expected to continue, with potential implications for industry stakeholders such as rice farmers and processors who may need to adapt their production methods and marketing strategies to meet changing consumer demands.

Local special circumstances: In Paraguay, the Rice Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's rich agricultural heritage and its geographical location as a major rice-producing nation. As a result, local rice production and consumption play a significant role in shaping the market dynamics. Additionally, the government's policies and regulations on rice production and imports further impact the market, as the country aims to promote self-sufficiency in rice production. This unique combination of factors has led to a strong domestic rice market, with little reliance on imports and a focus on promoting locally-grown rice.

Underlying macroeconomic factors: The performance of the Rice Market in the Bread & Cereal Products Market within The Food market is highly dependent on macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, countries with strong economic growth, stable political environment, and favorable trade policies are expected to have a higher demand for rice, resulting in an increase in market size. On the other hand, countries with economic instability and unfavorable fiscal policies may experience a decline in rice consumption, leading to a decrease in market size. Furthermore, fluctuations in currency exchange rates and trade agreements can also significantly impact the competitiveness of rice producers in the global 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.