Rice Industry in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Rice Demand in the Indian Market. It Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), and Trade in Terms of Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis of Rice. The Report Offers the Market Size and Forecasts in Terms of Volume in Metric Tons and Value in USD for all the Above Segments.

Rice Industry in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Indian Rice Market Size

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India Rice Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
Market Size (2025) USD 54.09 Billion
Market Size (2030) USD 60.90 Billion
CAGR (2025 - 2030) 2.40 %

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India Rice Market Analysis

The India Rice Market size is estimated at USD 54.09 billion in 2025, and is expected to reach USD 60.90 billion by 2030, at a CAGR of 2.4% during the forecast period (2025-2030).

  • As a cereal grain, rice is the most widely consumed staple food for most people in the country. Rice is cultivated in a significant acreage of land in the country, which has increased in recent years. For instance, as per FAOSTAT, the total area harvested for rice in India was 46,278,680 hectares in 2021, which increased to 46,400,000 hectares in 2022. The timely onset of monsoons, such as the Southwestern and Northeastern monsoons in India, is a major driver for high rice production. This also results in higher productivity than in other Asian countries such as Thailand and Indonesia, as these countries are affected by fluctuating rainfall causing floods and drought. The major rice-producing states in India are West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Haryana, Tamil Nadu, Odisha, and Bihar.
  • Further, the country's increasing food and restaurant sector is anticipated to promote market growth in the coming years. Likewise, continuous development in rice mill machinery and attractive packaging enhance product demand among the people in the country. In addition, the rising demand for specialty rice varieties has increased the trade for long-grain rice, which, in turn, is driving the market growth. According to the FAO, rice production in India accounted for 196.2 million metric tons in 2022. Cultivating high-yielding rice varieties such as IR 64, CR 2301, and Kudrat 5 makes India one of the largest rice producers in the world, with more than 20% of the global rice production share.
  • Rice exports from the country have increased significantly in recent years. According to the ITC Trade Map, India's rice exports touched 22.2 million metric tons in 2022 compared to 21.3 million metric tons in 2021. The overall rice production in India was ample enough to support exports. Higher demand for Indian rice in the international market in recent years and good climatic conditions are supporting the growth of the Indian rice market.

India Rice Market News

  • June 2024: The Acharya N.G. Ranga Agricultural University released rice varieties suitable for Andhra Pradesh. The varieties are MTU 1271, BPT 2846, BPT 2841, and NLR 3238. The new varieties are high-yielding and resistant to various pests and diseases.
  • September 2022: The Government of India prohibited the export of broken rice through an amendment made to the export policy, which is aimed at increasing the domestic availability of broken rice amid rising demand from the poultry industry and increasing ethanol production as part of Ethanol Blended Petrol (EBP) program in the country.
  • June 2022: Vida Carbon Corp. signed an Emission Reduction Purchase Agreement with Core CarbonX Solutions Pvt. Ltd, an established climate and sustainability consulting firm based in India. The agreement aims to improve rice farmers' cultivation and water management practices on over 100,000 hectares in Telangana in four phases, thereby increasing production.

Indian Rice Market Report - Table of Contents

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Demand for Indian Rice
    • 4.2.2 Enhancing Production Capacities
    • 4.2.3 Increasing Government Initiatives
  • 4.3 Market Restraints
    • 4.3.1 Abiotic and Biotic Stresses in Rice Cultivation
    • 4.3.2 High Market Entry Costs

5. MARKET SEGMENTATION

  • 5.1 Production Analysis (Volume)
  • 5.2 Consumption Analysis (Value and Volume)
  • 5.3 Import Analysis (Value and Volume)
  • 5.4 Export Analysis (Value and Volume)
  • 5.5 Price Trend Analysis

6. REGIONAL ANALYSIS

  • 6.1 PESTLE Analysis
  • 6.2 Government Policies and Regulations
  • 6.3 Value Chain Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Rice Industry Segmentation

Rice is an edible starchy cereal grain grown in rainfed, lowland areas in both wet and dry seasons, mostly in Asian countries. The study on the Indian rice market includes production analysis (volume), consumption analysis (value and volume), and trade in terms of import analysis (value and volume), export analysis (value and volume), and price trend analysis of rice. The report offers the market size and forecasts in terms of volume in metric tons and value in USD for all the above segments.

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Indian Rice Market Research FAQs

How big is the India Rice Market?

The India Rice Market size is expected to reach USD 54.09 billion in 2025 and grow at a CAGR of 2.40% to reach USD 60.90 billion by 2030.

What is the current India Rice Market size?

In 2025, the India Rice Market size is expected to reach USD 54.09 billion.

What years does this India Rice Market cover, and what was the market size in 2024?

In 2024, the India Rice Market size was estimated at USD 52.79 billion. The report covers the India Rice Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Rice Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Rice in India Industry Report

Statistics for the 2025 India Rice market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Rice analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.