Glutinous Rice Market: Global Market Analysis and Future Assessment by Type, Nature, and Size — 2019-2029

Overview:

The global glutinous rice market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. A type of rice that becomes waxy or sticky is referred as glutinous rice. This type of rice is also called as sweet rice and is an indistinct part of diet of the individuals residing in the Southeast Asia.

The glutinous rice plays an important role in diabetes and other chronic disease management hence is gaining traction across the globe. The countries in the Southeast Asia region are leading producer of glutinous rice.

Market Dynamics:

Key health offered by glutinous rice is a key factor driving growth of the global market. Glutinous rice plays an important in management of blood pressure and diabetes. Hence, physicians across the globe recommend inclusion of sticky rice in diet for the patients suffering from diabetes. The sticky rice is also rich in vitamin B-5 and copper hence many individuals started preferring sticky rice in their diet plan. This is another factor resulting in growth of the target market across the globe.

In addition, rising number of food chains, growing preference for fast food among young population, and increasing number of Thai restaurants are among the other factors supporting growth of the global market. Moreover, rising prevalence of chronic disease across the globe is another factor propelling growth of the glutinous rice market.

Key Trends:

Growing trade of glutinous rice across the globe is a key trend observed in the global glutinous rice market. The rising preference for rice in the diet by individuals suffering from chronic diseases is a key factor driving the trade activity. In addition, rising awareness about the health benefits of sticky rice is another factor supporting this trend currently.

Regional Analysis:

For detailed understanding of market dynamics, the global glutinous rice market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is dominated the global market with the largest revenue share in 2019. In addition, the region is expected to maintain its dominance over the forecast period. This is owing to the countries in the region are the key producer and consumers of glutinous rice. In addition, presence of large consumer base in countries in the region is another major factor supporting target market growth in the region.

However, North America and Europe are expected to witness significant growth in the global market over the forecast period. This is owing to increasing demand for fast food among consumers, growing prevalence of diabetes and other chronic diseases in countries in these regions.

Scope of the Report:

Detailed Segmentation:

Global Glutinous Rice Market, By Type:

• White Glutinous Rice
• Brown Glutinous Rice
• Black Glutinous Rice

Global Glutinous Rice Market, By Nature:

• Organic
• Conventional

Global Glutinous Rice Market, By Size:

• Short-grain
• Long-grain

Key Players Covered:

Key players operating in the global glutinous rice market includes Pornkamon Rice Flour Mills Co. Ltd., BURAPA PROSPER Co. Ltd., Koda Farms Inc., Bob’s Red Mill Natural Foods, Thai Flour Industry Co. Ltd., Wonnapob Co., Ltd., Golden Grain Enterprise Company Limited, and Van Loi Food Processing Co., Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Glutinous Rice Market by type, nature, size, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global glutinous rice market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.