US Rice Market Share, Growth, Revenue, Demand, Key Players, Upcoming Trends, Challenges, Business Opportunities and Forecast 2033: SPER Market Research
Rice is a staple food with major cultural, economic, and nutritional significance. Rice is a versatile grain that can be grown in a variety of settings, including flooded paddies and upland fields. It is produced by the grass species Oryza sativa. More than half of the world’s population relies on it as a staple diet, particularly in Asia, where it is the basis of many traditional food options. With types ranging from brown to white, long grain to short grain, rice offers diversity in both cooking and eating. It is rich in carbohydrates, which gives you energy fast, and it also contains important nutrients including fiber, vitamins, and minerals.
According to SPER market research, ‘United States Rice Market Size – By Product, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the United States Rice Market is predicted to reach USD XX million by 2033 with a CAGR of 4.08%.
Drivers:
Expanding population and shifting eating habits.
The market for rice is greatly impacted by expanding populations and shifting dietary patterns. Demand for staple foods like rice is rising due to population growth, particularly in densely populated regions of Asia and Africa. Rice is a staple food that feeds billions of people worldwide and serves as their primary source of carbohydrates and nutrients. Furthermore, changing dietary choices are driving industry expansion. Convenient, easily prepared cuisine are in style right now, and rice-based recipes are particularly well-liked. Rising economic levels, fast urbanization, and busy lives are the causes of this trend.
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Challenges:
Many challenges affect the rice market’s stability and capacity for growth in the US. One major challenge is competition from other rice-producing countries, especially those with more favorable weather and cheaper production costs. American rice growers may experience lower profitability and price pressure as a result of this competitiveness. Large-scale variations in weather patterns, such as hurricanes, floods, and droughts, can be dangerous to rice farming and affect the quantity and quality of rice produced. For rice producers, the regulatory framework—which is made up of regulations pertaining to commerce, agriculture, and environmental protection—may provide additional challenges and ambiguity.
The USA rice market has been impacted by the COVID-19 outbreak in a number of ways. Initially, disruptions brought forth by lockdown procedures and supply chain problems affected both home and export markets by changing patterns of demand and distribution. Restaurant closures and behavioral shifts caused demand patterns to shift, even if panic buying at first increased sales at retail locations. Furthermore, the operational effectiveness of the industry was impacted by personnel shortages and logistical difficulties that made rice cultivation, harvesting, and processing difficult. Trade disruptions and concerns about the state of the world economy have altered the nature and cost of trade, which has an impact on export markets.
US Rice Market Key Players:
Additionally, some of the market key players are Anheuser-Busch Companies LLC, Bunge Limited, California Family Foods, Farmers’ Rice Cooperative, Riceland Foods Inc., Riviana Foods Inc. (Ebro Foods S.A.), Tamaki Rice Corporation, Others.
United States Rice Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product: Based on the Product, United States Rice Market is segmented as; Long-grain, Medium-grain, Short-grain.
By Distribution Channel: Based on the Distribution Channel, United States Rice Market is segmented as; Offline, Online.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link: -
United States Rice Market Future Outlook
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