Rice Market In South America Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South American Rice Market Report is Geographically Segmented Into Brazil, Argentina, Uruguay, Chile, Peru, and the Rest of South America. The Market Report Provides Comprehensive Analyses, Including Production Analysis (volume), Consumption Analysis (value and Volume), Export Analysis (value and Volume), Import Analysis (value and Volume), and Price Trend Analysis. The Report Presents Market Size and Forecast Data in Both Value (USD) and Volume (metric Tons).

Rice Market In South America Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South America Rice Market Size

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South America 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 2.18 Billion
Market Size (2030) USD 3.34 Billion
CAGR (2025 - 2030) 8.90 %

Compare market size and growth of South America Rice Market with other markets in Agriculture Industry

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South America Rice Market Analysis

The South America Rice Market size is estimated at USD 2.18 billion in 2025, and is expected to reach USD 3.34 billion by 2030, at a CAGR of 8.9% during the forecast period (2025-2030).

  • Rice is a major staple crop in most South American countries, primarily cultivated in the region's lowland wet soils. The potential for rice expansion in vast wetlands across Brazil (1.6 million hectares), Andean countries (Bolivia, Ecuador, Peru, and Venezuela), and the River Plate Basin (Argentina, Paraguay, and Uruguay) is expected to significantly influence regional rice production in the future. Tropical countries in the region account for the majority of demand. According to FAO, the rice production area in South America reached 4.0 million hectares in 2022, with Brazil occupying 40% of this area, followed by Colombia at 14%.
  • Several South American governments procure food grains, including rice, from farmers to encourage continued agricultural production. Brazil, for example, implements the "Brazilian Scheme of minimum prices of agricultural products." This policy allows the government to purchase certain agricultural products at a fixed minimum price, aiming to reduce rural producers' income fluctuations and ensure national supply stability. In December 2023, the Brazilian government set the minimum purchase price for rice at USD 14.84 per 60 kg bag.
  • Brazil's agricultural transformation is driven by several factors: Agricultural research leading to increased yields, expansion of arable land, significant investments in production technologies for crop and forage variety development, and increased global demand for food and animal feed, particularly over the last decade. These factors are expected to contribute to market growth during the forecast period.

South America Rice Market News

  • May 2024: Brazil eliminated import tariffs on specific types of rice until the end of 2024. This measure aims to prevent shortages and reduce prices following floods in Rio Grande do Sul state, a major rice-producing region. The exemption applies to HS codes 10061092 and 10062020, which previously incurred a 9% tariff, and 10063021, which had a 10.8% tariff.
  • January 2023: Brazil's rice exports surged in 2022, reaching 2.1 million metric tons, according to the Brazilian Rice Industry Association (Abiarroz). This represents an increase of nearly 85% compared to the export volume in 2021.

South America Rice Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & 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 Rice Productivity is Boosting the Market
    • 4.2.2 Rising Exports in the Region
    • 4.2.3 Government Support and Agricultural Policies
  • 4.3 Market Restraints
    • 4.3.1 Climate Change and Weather Related Risks
    • 4.3.2 Competition from Other Staple Crops
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Geography (Production Analysis (Volume), Consumption Analysis (Value & Volume), Import Analysis (Value & Volume), Export Analysis (Value & Volume) and Wholesale Price Trend Analysis)
    • 5.1.1 Brazil
    • 5.1.2 Argentina
    • 5.1.3 Chile
    • 5.1.4 Peru
    • 5.1.5 Rest of South America

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Rice Industry Segmentation

Rice, the grain derived from the annual marsh grass Oryza sativa, is cultivated in warm climates and serves as a primary food source. In South America, it holds significant economic importance as a major staple crop. The South American rice market is geographically segmented into Brazil, Argentina, Uruguay, Chile, Peru, and the Rest of South America. The market report provides comprehensive analyses, including production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report presents market size and forecast data in both value (USD) and volume (metric tons).

Geography (Production Analysis (Volume), Consumption Analysis (Value & Volume), Import Analysis (Value & Volume), Export Analysis (Value & Volume) and Wholesale Price Trend Analysis) Brazil
Argentina
Chile
Peru
Rest of South America
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South America Rice Market Research FAQs

How big is the South America Rice Market?

The South America Rice Market size is expected to reach USD 2.18 billion in 2025 and grow at a CAGR of 8.90% to reach USD 3.34 billion by 2030.

What is the current South America Rice Market size?

In 2025, the South America Rice Market size is expected to reach USD 2.18 billion.

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

In 2024, the South America Rice Market size was estimated at USD 1.99 billion. The report covers the South America Rice Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Rice Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Rice Industry Report

Statistics for the 2025 South America Rice market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America 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.

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