India Basmati Rice Market to Reach INR 537.0 Billion by 2033, Industry Growing at a CAGR of 0.90%

Attributes and Key Statistics of the India Basmati Rice Market Report by IMARC Group:

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033
• Units: INR Billion
• Market Size in 2024: INR 495.0 Billion
• Market Forecast in 2033: INR 537.0 Billion
• Market Compound Annual Growth Rate 2025-2033: 0.90%

As indicated in the latest market research report published by IMARC Group, titled “India Basmati Rice Market Size, Share, Trends and Forecast by Type of Rice, Pack Size, Distribution Channel, and Region, 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

The India basmati rice market size was valued at INR 495.0 Billion in 2024. Looking forward, the market is expected to reach INR 537.0 Billion by 2033, exhibiting a CAGR of 0.90% from 2025 to 2033.

Core Factors Driving Market Trends:

India basmati rice market is enjoying steady growth, mainly driven by increasing domestic consumption and firm export demand. Essentially, basmati rice is highly prized for its unique aroma, long grains, and great taste, and hence a popular staple food in Indian households and a costly delicacy abroad. Besides this, enhancing import demand from Middle Eastern, European, and North American countries is very much enriching India's export prospect, as Indian basmati rice has had a good word for quality and authenticity. Besides, health consciousness among consumers is also prompting demand, as basmati rice is being seen as a healthy choice due to its low glycemic index and higher fiber content. Apart from this, other restaurants, hotels, and catering services are now incorporating basmati rice in their offerings, adding to growth in the food services industry. Additionally, government policies such as Minimum Support Price (MSP) schemes and subsidies on better irrigation and high-yielding seed varieties are improving productivity and supporting farmers who are growing basmati.

Along with this, technological developments in processing and packaging technology are enhancing the shelf life of the product and world competitiveness. Also, organic and pesticide-free basmati rice demand is on the rise, as environmental-conscious consumers are becoming choosier about what they consume. Also, branding and GI tagging have helped establish credibility and differentiate Indian basmati rice from other global varieties. Besides that, the rapid growth of e-commerce sites and retail chains has also boosted the supply of basmati rice to urban and rural consumers, spurring sales. Besides that, increased urbanization and dietary habit shifts are also driving higher consumption of superior-grade rice varieties. Besides that, new markets are also being established with the entry of value-added product lines such as ready-to-cook and flavor varieties of basmati rice. In general, a mix of ancient culinary significance, expanding international trade, better farming methods, and consumer interest for high-quality rice varieties continues to drive the India basmati rice sector forward, making it a vital part of the country's agribusiness and food export sector.

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An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:

• Adani Wilmar
• KRBL Limited
• LT Foods
• Tilda Basmati Rice
• India Gate Foods
• Amira Nature Foods
• Kohinoor Rice
• Matco Foods

Comprehensive Market Report Highlights & Segmentation Analysis:

Segmentation by Type of Rice:

• Parboiled
• Raw

Segmentation by Pack Size:

• Retail Packaging
• Institutional Packaging

Segmentation by Distribution Channel:

• Offline Stores
• Online Stores

Segmentation by Region:

• North India
• West and Central India
• South India
• East India

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter’s Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

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Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

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