Europe Basmati Rice Market Introduction and Overview
According to SPER Market Research, the Europe Basmati Rice Market is estimated to reach USD 940.27 million by 2033 with a CAGR of 4.2%.
The report includes an in-depth analysis of the Europe Basmati Rice Market, including market size and trends, product mix, applications, and supplier analysis. The Indian subcontinent has long been the home of basmati rice, an aromatic long grain variety. This very long, narrow grain becomes soft and fluffy when cooked, expanding to double its original size. Great scent, delicious flavour, and unique flavour set basmati rice apart from other aromatic long grain rice variants. India and Pakistan are the primary producers and exporters of this type of rice. It plays a significant role in Arab, Persian, and Middle Eastern cuisines, as well as those of India and Pakistan.
- Europeans prefer their basmati rice to be of Indian origin. Its large variety, including Pusa, Ranbir, Taraori, Basmati, 217, and Super Basmati—basmati varieties authorised for export to Europe—is its defining characteristic. India requested for an exclusive trademark in June 2021, hoping to take over the European market and displace Pakistan's crucial export position due to the product's remarkable flavour and scent. Therefore, more basmati rice from India is expected to be imported into Europe in the upcoming years, which would fuel the market's expansion as a whole.
Market Opportunities and Challenges
Europe Basmati Rice Market Opportunities
- Product Innovation and Diversification: To meet the needs of specialised markets and changing customer tastes, producers of Basmati rice have the chance to launch novel product variations like flavoured, organic, or heritage varieties.
- Promotion of Health Benefits: Stressing the advantages of basmati rice's natural scent, low glycemic index, and gluten-free status will assist to establish it as a high-quality and health-conscious food option.
- Expansion into New Market categories: There are chances for both market expansion and revenue growth by investigating underutilised market categories like the foodservice business, the ready-to-eat meal sector, and health food stores.
- Sustainable and Ethical Sourcing Practices: Promoting fair trade efforts, using sustainable cultivation methods, and upholding ethical sourcing standards can all help Basmati rice products become more appealing to consumers who care about the environment.
Europe Basmati Rice Market Challenges
- Price Volatility and Cost Sensitivity: Weather, trade policies, and other factors can all have an impact on Basmati rice pricing, which can be volatile and difficult for both producers and customers to deal with.
- Supply Chain Disruptions: The availability and delivery of Basmati rice products in the European market have been hampered by disruptions in the worldwide supply chain, especially during the COVID-19 epidemic.
- Competition from Other Rice Varieties: Other rice varieties, such as Arborio and Jasmine rice, which have comparable culinary qualities and might be more reasonably priced, compete with basmati rice.
- Trade hurdles and regulatory requirements: Importing nations' trade barriers, quality standards, and regulatory requirements can impede market access and negatively impact the export prospects of Basmati rice-producing regions.
Market Competitive Landscape
The competitive landscape of the European Basmati rice market is defined by the existence of both domestic and foreign competitors. Important players in the market are well-known exporters, manufacturers of rice, and companies that specialise in Basmati rice goods. A number of variables, including product quality, brand reputation, pricing schemes, distribution channels, and marketing initiatives, influence competition. The major key players in the Europe Basmati Rice Market are: Amira Basmati Rice, Amira Nature Foods, East End Foods, Estraco, HBI, Kohinoor Foods, S.G.S. International Rice Company, Tba Suntra, The Rice N Spice International Ltd., VSR Rice, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Application, By Distribution Channel
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| Regions covered | Belgium, France, Germany, Italy, Russia, Spain, The Netherlands, UK, Rest of Europe
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| Companies Covered | Amira Basmati Rice, Amira Nature Foods, East End Foods, Estraco, HBI, Kohinoor Foods, S.G.S. International Rice Company, Tba Suntra, The Rice N Spice International Ltd., VSR Rice, Others
|
COVID-19 Impact on Europe Basmati Rice Market
The European Basmati rice market has been affected by the COVID-19 outbreak in a number of ways. Despite supply chain interruptions and logistical difficulties in the early going, the market proved resilient as buyers stocked up on pantry essentials like Basmati rice. Additionally, the epidemic increased health consciousness, which raised demand for wholesome staple foods like Basmati rice. As more people shopped for groceries online, e-commerce and online retail channels became more popular.
Key Target Audience:
- Agricultural and Trade Authorities
- Distributors and Wholesalers
- Exporters and Importers
- Food Manufacturers
- Health-conscious Consumers
- Restaurants and Food Service Providers
- Retailers: Grocery stores, supermarkets, specialty food stores, and online retailers that sell Basmati rice to consumers
- Others
Our in-depth analysis of the Europe Basmati Rice Market includes the following segments:
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By Product Type:
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Indian Variety
Pakistan Variety
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By Application:
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Commercial
Home
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By Distribution Channel:
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Grocery Stores
Hypermarkets/Supermarkets
Online
Others
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Key Topics Covered in the Report:
- Europe Basmati Rice Market Size (FY’2024-FY’2033)
- Overview of Europe Basmati Rice Market
- Segmentation of Europe Basmati Rice Market By Product Type (Indian Variety, Pakistan Variety)
- Segmentation of Europe Basmati Rice Market By Application (Commercial, Home)
- Segmentation of Europe Basmati Rice Market By Distribution Channel (Grocery Stores, Hypermarkets/Supermarkets, Online, Others)
- Statistical Snap of Europe Basmati Rice Market
- Expansion Analysis of Europe Basmati Rice Market
- Problems and Obstacles in Europe Basmati Rice Market
- Competitive Landscape in the Europe Basmati Rice Market
- Impact of COVID-19 and Demonetization on Europe Basmati Rice Market
- Details on Current Investment in Europe Basmati Rice Market
- Competitive Analysis of Europe Basmati Rice Market
- Prominent Players in the Europe Basmati Rice Market
- SWOT Analysis of Europe Basmati Rice Market
- Europe Basmati Rice Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Basmati Rice Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Basmati Rice Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Basmati Rice Market
7. Europe Basmati Rice Market, By Product Type (USD Million)
7.1. Europe Basmati Rice Market Value Share and Forecast, By Product Type, 2024-2033
7.2. Indian Variety
7.3. Pakistan Variety
8. Europe Basmati Rice Market, By Application (USD Million)
8.1. Europe Basmati Rice Market Value Share and Forecast, By Application, 2024-2033
8.2. Commercial
8.3. Home
9. Europe Basmati Rice Market, By Distribution Channel (USD Million)
9.1. Europe Basmati Rice Market Value Share and Forecast, By Distribution Channel, 2024-2033
9.2. Grocery Stores
9.3. Hypermarkets/Supermarkets
9.4. Online
9.5. Others
10. Europe Basmati Rice Market Forecast, 2020-2033 (USD Million)
10.1. Europe Basmati Rice Market Size and Market Share
11. Europe Basmati Rice Market, By Product Type, 2020-2033 (USD Million)
11.1. Europe Basmati Rice Market Size and Market Share By Product Type (2020-2026)
11.2. Europe Basmati Rice Market Size and Market Share By Product Type (2027-2033)
12. Europe Basmati Rice Market, By Application, 2020-2033 (USD Million)
12.1. Europe Basmati Rice Market Size and Market Share By Application (2020-2026)
12.2. Europe Basmati Rice Market Size and Market Share By Application (2027-2033)
13. Europe Basmati Rice Market, By Distribution Channel, 2020-2033 (USD Million)
13.1. Europe Basmati Rice Market Size and Market Share By Distribution Channel (2020-2026)
13.2. Europe Basmati Rice Market Size and Market Share By Distribution Channel (2027-2033)
14. Europe Basmati Rice Market, By Region, 2020-2033 (USD Million)
14.1. Europe Basmati Rice Market Size and Market Share By Region (2020-2026)
14.2. Europe Basmati Rice Market Size and Market Share By Region (2027-2033)
14.3. Belgium
14.4. France
14.5. Germany
14.6. Italy
14.7. Russia
14.8. Spain
14.9. The Netherlands
14.10. UK
14.11. Rest of Europe
15. Company Profile
15.1. Amira Basmati Rice
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Amira Nature Foods
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. East End Foods
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Estraco
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. HBI
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Kohinoor Foods
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. S.G.S. International Rice Company
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Tba Suntra
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. The Rice N Spice International Ltd.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. VSR Rice
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
