Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Fortified Rice: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Fortified Rice Market to Reach $30.2 Billion by 2030
The global market for Fortified Rice estimated at US$19 Billion in the year 2022, is projected to reach a revised size of US$30.2 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Vitamins, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$16.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Minerals segment is readjusted to a revised 6.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 9.7% CAGR
The Fortified Rice market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Market Scope
The data presented provides a comprehensive analysis of the global fortified rice market. It spans various geographic regions and key product categories, including vitamins, minerals, other micronutrients, drying, extrusion, coating & encapsulation, and other technologies. The analysis includes recent past, current, and future sales figures, with corresponding compound annual growth rates (CAGR) for the years 2022 through 2030 and historical data from 2014 to 2021.
Additionally, a 16-year perspective is offered, showcasing the percentage breakdown of value sales for fortified rice and its components across different regions for the years 2014, 2023, and 2030. The distribution channels for fortified rice products, such as modern trade, convenience stores, departmental stores, drug stores, online stores, and other distribution channels, are also analyzed. This comprehensive data enables a deeper understanding of market trends and potential growth opportunities within the fortified rice industry.
Market Overview
- Influencer Market Insights
- World Market Trajectories
- Fortified Rice - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
Select Competitors (Total 63 Featured)
- BASF SE
- Buhler AG
- Bunge Ltd.
- Cargill, Inc.
- General Mills, Inc.
- Wilmar International Ltd.
What's New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 334 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $19 Billion |
| Forecasted Market Value (USD) by 2030 | $30.2 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/v4kh1p
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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