Global Fortified Rice Market, By Micronutrient (Minerals, Vitamins, Others), Technology (Drying, Extrusion, Coating Technology and Encapsulation, Others), End Users (Commercial, Residential), Distribution Channel (Convenience Stores, Modern Trade, Drug Store, Departmental Stores, Online Stores, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Fortified Rice Market
Global fortified rice market size is expected to grow at a compound annual rate of 6.5% in the forecast period 2021 to 2028 and is likely to reach USD 46.33 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of fortified rice market in the forecast period of 2021 to 2028.
Rice fortification is basically the procedure of increasing the quantity of vital micronutrients in the rice by adding vitamins and minerals for improving the nutritional quality to gain health benefits. The fortified rice provides various essential nutrients which are advantageous for the consumer’s health.
The growing health consciousness and the increment in cases of nutritional deficiencies is expected to heighten the overall demand for fortified rice market over the forecast period of 2021 to 2028. The rise in the awareness regarding health and healthy food products among consumers across the globe and the high dependency on rice are also anticipated to boost the fortified rice market growth in the forecast period. However, the high cost associated with innovation in technologies for improving the rice quality is projected to act as a restraint towards the growth of the market.
Moreover, the new innovative product development and the higher per capita income level are estimated to further generate new opportunities for the fortified rice market in the forecast period of 2021 to 2028.
This fortified rice market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fortified rice market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fortified Rice Market Scope and Market Size
Global fortified rice market is segmented on the basis of micronutrient, technology, end users and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of micronutrient, the fortified rice market has been segmented minerals, vitamins and others.
- Based on technology, the fortified rice market is bifurcated into drying extrusion, coating technology and encapsulation and others. Others are further segmented into dusting and others.
- On the basis of end users, the fortified rice market has been segmented into commercial and residential.
- On the basis of distribution channel, the market is segregated into convenience stores, modern trade, drug store, departmental stores, online stores, others.
Fortified Rice Market Country Level Analysis
Fortified rice market is analyses and market size, volume information is provided by type, micronutrient, technology, end users and distribution channel as referenced above.
The countries covered in the fortified rice market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is estimated to lead the fortified rice market due to the technological development and well-developed industrialization within this region. Asia Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to rising population.
The country section of the fortified rice market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data
Competitive Landscape and Global Fortified Rice Market Share Analysis
Fortified rice market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fortified rice market.
The major players covered in the fortified rice report are The Dalberg Group, Tilda Rice, Bunge Limited, Cargill, Incorporated., VSR Foods , DSM, LT Foods, EstracoKft, The Rice 'n Spice International Ltd, East End Foods Ltd , FOODS GROUP LIMITED , FREEDOM FOODS GROUP LIMITED, Mars., Goalzy, JVS Foods Pvt Ltd, Loften India Private Limited, Wella Nutrologicals, BASF SE, and Christy Friedgram Industry among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.