Market Size of Europe Rice Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 729.50 Million |
Market Size (2029) | USD 896.12 Million |
CAGR (2024 - 2029) | 4.20 % |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Rice Market Analysis
The Europe Rice Market size is estimated at USD 729.5 million in 2024, and is expected to reach USD 896.12 million by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
- Italy and Spain are major rice producers in the region, and the United Kingdom, France, and Germany are the most extensive rice importers. The Netherlands is an essential entry point for rice from many origins into Europe. Belgium and Italy are significant players in the milling industry, and the organic rice markets in Germany and France are the most developed.
- Italy and Spain account for 80% of the total EU rice production. Traditionally, rice consumed in countries such as Spain and Italy comprises native rice varietals. Consumers in European non-producing countries are less wedded to specific rice varieties and, thus, more open to new and specialty rice varieties. According to the Food and Agriculture Organization Statistics, rice is grown on about 637.9 thousand hectares in Europe European non-producing countries, with a production of 4.1 million tons in 2020.
- Other rice-growing areas are Greece, Portugal, France, Russia, Romania, Bulgaria, and Hungary. The Japonica variety accounts for approximately 75% of European production and is primarily produced and consumed in Southern Europe. Most European tensions depend on imports for specialty long-grain Indica rice, such as basmati and jasmine, from India and Pakistan, as the regions lack specialty and aromatic rice varieties.