Market Size of Mexico Rice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
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Mexico Rice Market Analysis
The Mexican rice market is projected to register a CAGR of 4.5% over the forecast period.
- The product demand in the country is increasing as rice mill machinery and attractive packaging continue to improve. Production of milled rice in Mexico reached 0.21 million metric tons in 2021, from 0.20 million metric tons in 2020. The growing demand for specialty rice varieties has increased the trade for long-grain rice, which in turn is driving market growth.
- In Mexico, the national demand for rice exceeds four times the consumption of the grain produced internally, which has caused growing volumes of imported rice. Long and thin-type rice is the one with the highest consumption. However, consumers value domestic rice more than imported rice. Per capita rice consumption in Mexico was recorded as 8.75 kgs, with a total consumption of 0.98 million metric tons, in 2021. One of the aspects that have defined the preference of consumers is the culinary quality of the rice, and as per industrialists, the industrial quality of the grain is a parameter to be taken into account. The United States is the major import partner for Mexico, importing more than 60% of its total import quantity in 2021. Other suppliers include neighboring South American countries.
