Rice forms an important part of the Middle Eastern cuisine, and is considered as a staple food along with wheat, particularly in the GCC countries. Amongst the different varieties, basmati rice is considered as the most popular type of rice which is mainly grown in the foothills of the Himalayas. It is valued for its long and slender grains, delicate aroma and distinct taste. Basmati rice is extensively used in a number of lavish rice-based dishes containing layers of rice, meat, sauces and dried fruits. Owing to this, the countries in the GCC region have become the major importers of basmati rice from India and Pakistan. The GCC Basmati Rice Market reached a value of nearly US$ 4 Billion in 2016.
A lack of rice production in the GCC countries and growing demand for better quality rice among the consumers in the region is majorly contributing to the growth prospects of the basmati rice market. Additionally, the high density of Asian expatriates in the region represents another key reason for the surge in the demand for basmati rice. Rising urbanisation rates, change in demographics and inflating income levels are further projected to boost the consumption of basmati rice in the GCC region. According to the report, the market is further expected to reach a value of around US$ 6 Billion by 2022, exhibiting a CAGR of 7.5% during 2017-2022.
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The report has segmented the market on the basis of type including parboiled basmati rice and raw basmati rice. Among these, parboiled basmati rice holds the majority of the total sales. The market is further segmented on the basis of pack size as institutional packaging and retail packaging. On a regional-basis, Saudi Arabia represents the largest region, accounting for the majority of the total global share. This can be attributed to the large consumer-base in the Kingdom as compared to the other countries in the region. Saudi Arabia is followed by the UAE, Kuwait, Qatar, Oman and Bahrain.
GCC Basmati Rice Market Price
This report provides a deep insight into the GCC basmati rice industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a basmati rice processing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC basmati rice industry in any manner.
Key Questions Answered in This Report:
How has the GCC basmati rice market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC basmati rice industry?
What are the price trends of basmati rice in the GCC region?
What are the various stages in the value chain of the GCC basmati rice industry?
What are the key driving factors and challenges in the GCC basmati rice industry?
What is the structure of the GCC basmati rice industry and who are the key players?
What is the degree of competition in the GCC basmati rice industry?
What are the profit margins in the GCC basmati rice industry?
What are the key requirements for setting up a basmati rice processing plant?
How is basmati rice processed?
What are the various unit operations involved in a basmati rice processing plant?
What is the total size of land required for setting up a basmati rice processing plant?
What are the machinery requirements for setting up a basmati rice processing plant?
What are the raw material requirements for setting up a basmati rice processing plant?
What are the packaging requirements for basmati rice?
What are the transportation requirements for basmati rice?
What are the utility requirements for setting up a basmati rice processing plant?
What are the manpower requirements for setting up a basmati rice processing plant?
What are the infrastructure costs for setting up a basmati rice processing plant?
What are the capital costs for setting up a basmati rice processing plant?
What are the operating costs for setting up a basmati rice processing plant?
What will be the income and expenditures for a basmati rice processing plant?
What is the time required to break-even?
Browse our full report with Table of Contents : https://www.bharatbook.com/food-market-research-reports-957830/gcc-basmati-rice.html
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