The new report by Expert Market Research titled, 'Global Glutinous Rice Market Report and Forecast 2021-2026', gives in-depth analysis of the global glutinous rice market, assessing the market based on its segments like nature, size, type, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026):
- Historical Volume (2020): 6.7 Million Tons (Thailand Glutinous Rice Consumption)
The global glutinous rice market is significantly driven by the increasing trade in glutinous rice throughout the world. A key factor driving trade activity is the growing preference for rice in the diet by individuals suffering from chronic diseases. Rising understanding of the health benefits of sticky rice is another factor currently promoting this development. In some countries, such as India, rice is used as a wage commodity for workers in the agriculture or non-agriculture sectors. A staple of South East Asia and South Asia's eastern parts is glutinous rice. The growing fast-food industry is the main driver of the glutinous rice market and restaurants, as glutinous rice is one of the most common cereals for most consumers.
Industry Definition and Major Segments
A staple of South East Asia and eastern parts of South Asia is glutinous rice, or popularly referred to as sticky rice. Because of the extremely low amylose and high amylopectin content, glutinous rice has a sticky texture, making it low in fat but relatively high in nutritional value. It turns out to be waxy, dense, and transparent when the glutinous rice is cooked, giving it a chewy feel.
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On the basis of nature, the industry is divided into:
On the basis of size, the industry is divided into:
- Short Grain
- Medium Grain
- Long Grain
On the basis of type, the industry is divided into:
On the basis of region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The rising population and food consumption are contributing to a growing demand for glutinous rice. Given the fact that it contains low fat levels and a large amount of fibre content, the demand for glutinous rice is growing with the increase in health awareness among people. The global market with the greatest revenue share is dominated by the Asia Pacific region. Moreover, over the forecast era, the area is expected to retain its dominance. This is because the primary producers and consumers of glutinous rice are countries in the region. The emergence of a broad customer base in countries in the area is also another significant factor supporting the region's target market growth. However, over the projected period, North America and Europe are expected to see substantial growth in the global economy. This is attributed to rising market demand for fast food, a growing prevalence of diabetes and other chronic diseases in countries in those areas.
Key Market Players
The major players in the market are Koda Farms, Inc., Thai Flour Industry Co. Ltd, Golden Grain Enterprise Company Limited, Wonnapob Co., Ltd., and Van Loi Food Processing Co., LTD, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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