Asia-Pacific Rice Market Size and Share

Asia-Pacific Rice Market Summary
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Asia-Pacific Rice Market Analysis by Mordor Intelligence

The Asia-Pacific rice market size reached USD 376.0 billion in 2025 and is projected to grow to USD 459.0 billion by 2030, at a CAGR of 4.07%. The region accounts for more than 80% of global rice production and consumption, playing a crucial role in global food security through a combination of subsistence farming and modernizing commercial value chains. The market growth is driven by urbanization, changing dietary preferences, and increasing disposable incomes, which have increased demand for premium, organic, and processed rice varieties, even as per-capita consumption stabilizes in mature markets. Supply stability is strengthened by stockpiling programs in China and India, increased mechanization in South and Southeast Asia, and the development of drought-tolerant rice varieties. The market faces challenges from climate variability, logistics inefficiencies, and land ownership uncertainties, which influence investment decisions, pricing dynamics, and market competition in the Asia-Pacific region.

Key Report Takeaways

  • By geography, China held 28.70% of the Asia-Pacific rice market share in 2024, while the Philippines is projected to record the fastest 5.20% CAGR through 2030.

Geography Analysis

China holds 28.70% of the Asia-Pacific rice market share in 2024. The country maintains its market position through organized farming systems, strategic stockpiling, and efficient use of agricultural by-products, which improve profitability and environmental performance. Climate challenges, particularly heavy rainfall and heat-induced sterility, affect production stability. In response, China is implementing advanced breeding techniques and adaptive agronomy to maintain consistent yields. The country's integrated production and sustainability approach influences domestic consumption and international trade patterns across the rice value chain.

The Philippines shows the highest growth rate at 5.20% CAGR through 2030. The market expansion stems from increased imports and modernization initiatives. Large-scale investments in farming infrastructure, including a USD 1.5 billion commitment from Charoen Pokphand Group to develop a 10,000-hectare modern farm, reflect the country’s push toward productivity and self-sufficiency.[3]Philippine News Agency, “CP Group to Invest $1.5 Billion in Modern Mega Farm,” PNA, PNA.GOV.PH The country is investing in farming infrastructure, including high-tech agricultural zones, to improve productivity and self-sufficiency. Rice yellowing syndrome remains a production challenge, necessitating integrated pest management and robust seed systems. The government focuses on expanding technology access for farmers and improving supply chains. This growth pattern is transforming the Philippines' position in the regional rice market and drawing international agribusiness interest.

India's surplus rice stocks enable price control in global markets, while its implementation of gene-edited rice and mechanization strengthens production stability and farmer earnings. Vietnam has enhanced its export standing through premium fragrant rice and improved traceability systems. Thailand maintains strong exports despite fuel cost challenges. Indonesia's investments focus on mechanization and post-harvest systems to reduce import dependency. Japan's recent supply constraints revealed logistics system weaknesses, leading to reserve distribution. Australia's export marketing deregulation creates opportunities for growers in East Asian and Middle Eastern premium markets, strengthening regional market competition.

Recent Industry Developments

  • August 2024: ICAR (Indian Council of Agricultural Research)-National Rice Research Institute introduced a new climate-resilient rice variety, ‘CR Dhan 416’ (IET 30201). This variety is set to be pivotal in bolstering food security in areas at risk from climate change. CR Dhan 416 shows moderate resistance to prevalent rice diseases and major pests.
  • July 2024: To bolster food security in Eastern Indonesia, the Ministry of Agriculture Indonesia introduced a new rice variety, Cakrabuana Agritan, in the Merauke District of South Papua Province. This climate-resilient variety promises high yields, aligning with the government's urgent push to ramp up rice production amidst a looming global food crisis.

Table of Contents for Asia-Pacific Rice Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging Intra-regional Demand from the Middle-income Cohort
    • 4.2.2 Rapid Mechanization Narrowing the Yield Gap
    • 4.2.3 Gene-edited Drought-tolerant Varieties Moving from Trials to Scale
    • 4.2.4 Public Stockpiling Programs Cushioning Price Volatility
    • 4.2.5 Expansion of Cross-border E-procurement Platforms
    • 4.2.6 Carbon-credit Premiums for Low-methane Paddy Practices
  • 4.3 Market Restraints
    • 4.3.1 Land Tenure Insecurity Limiting Long-term On-farm Investment
    • 4.3.2 Invasive Disease and Pest Outbreaks Disrupting Regional Yields
    • 4.3.3 Diesel-price Volatility Squeezing Milling Margins
    • 4.3.4 Fragmented Supply Chains and Poor Infrastructure
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Value / Supply-Chain Analysis
  • 4.7 PESTLE Analysis

5. Market Size and Growth Forecasts (Value and Volume)

  • 5.1 By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
    • 5.1.1 China
    • 5.1.2 India
    • 5.1.3 Indonesia
    • 5.1.4 Bangladesh
    • 5.1.5 Thailand
    • 5.1.6 Vietnam
    • 5.1.7 Philippines
    • 5.1.8 Pakistan
    • 5.1.9 Japan
    • 5.1.10 Australia

6. Competitive Landscape

  • 6.1 List of Stakeholders
    • 6.1.1 Wilmar International Ltd.
    • 6.1.2 China Oil and Foodstuffs Corp. (COFCO)
    • 6.1.3 Charoen Pokphand Foods
    • 6.1.4 Ricegrowers Limited (SunRice)
    • 6.1.5 Khushi Ram Behari Lal Limited
    • 6.1.6 Siam Grains Company Limited
    • 6.1.7 Asia Golden Rice Co., Ltd.
    • 6.1.8 SunWest Milling Co.
    • 6.1.9 STC Group (Capital Rice Co., Ltd.)
    • 6.1.10 Matco Foods Ltd.
    • 6.1.11 Veer Overseas Ltd.

7. Market Opportunities and Future Outlook

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Asia-Pacific Rice Market Report Scope

Rice is a cereal grain that serves as the staple food for more than half of the global population, predominantly in Asia-Pacific. It is derived from the grass species Oryza sativa.

The Asia-Pacific rice market is segmented by geography (China, India, Japan, Thailand, Vietnam, Australia, Pakistan, Bangladesh, the Philippines, Indonesia, and Sri Lanka). The study includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market size and forecast in terms of value (USD) and volume (metric tons).

By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
China
India
Indonesia
Bangladesh
Thailand
Vietnam
Philippines
Pakistan
Japan
Australia
By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis) China
India
Indonesia
Bangladesh
Thailand
Vietnam
Philippines
Pakistan
Japan
Australia
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Key Questions Answered in the Report

How large is the Asia-Pacific rice market in 2025?

The Asia-Pacific rice market size is USD 376.0 billion in 2025 and is projected to grow to USD 459.0 billion by 2030.

Which country holds the biggest share of regional rice value?

China leads with 28.70% Asia-Pacific rice market share in 2024.

What is the forecast growth rate for rice demand in the Philippines?

The Philippines is projected to post a 5.20% CAGR for rice value through 2030.

How are carbon credits being integrated into rice cultivation?

Farmers using sustainable rice practices like Alternate Wetting and Drying or Direct Seeding can earn carbon credits, creating new income opportunities.

Which technology is considered a breakthrough for drought resilience in rice?

Gene-edited rice varieties developed with CRISPR technology offer improved drought resilience and higher yields under water stress.

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