US Rice Industry Overview
| Study Period: | 2018 - 2028 |
| CAGR: | 3.5 % |
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US Rice Market Analysis
The United States rice market is estimated to register a CAGR of 3.5% during the forecast period (2020-2025). In the United States, areas under rice cultivation increasing rapidly over time due to increases in long-grain rice production. The grain types grown across the United States include long, medium, and short-grain types. However, long-grain types and hybrids are more common in southern states, whereas medium-grain types are more common in California.The major rice-producing areas include Arkansas, Mississippi, Missouri, Texas, California, and Louisiana which account for 1.17 hectares of land under rice cultivation.
According to FAO, rice production accounts for 10 million metric tons in 2018 as compared to the previous year where the production accounts for 8.08 million metric tons.This increasing production and export opportunities are driving the United States rice market.
US Rice Industry Segments
The report includes production, consumption, import, export and price trend analyses of rice in the United States. Detailed value chain analysis is also included in the report. PESTLE Analysis is used to analyze and monitor the macro-environmental factors that may have a profound impact on the market’s performance.
| United States | |
| Production Analysis | |
| Consumption Analysis and Market Value | |
| Import Market Analysis (Volume and Value) | |
| Export Market Analysis (Volume and Value) | |
| Price Trend Analysis |
US Rice Market Trends
This section covers the major market trends shaping the US Rice Market according to our research experts:
Steady Increase in Production in The United States
Production of rice in the United States increasing steadily due to an increase in acreage under rice cultivation. According to FAO, the production of rice in the United States was 8.0 million metric tons in 2017, which increased to 10.2 million metric tons in 2018. Increasing production is due to increase acreage under rice cultivation which accounts for 1.17 million hectares as compared to 0.96 million hectares last year. Constant increasing acreage under rice cultivation in the United States will boost productivity which in turn will drive rice market of the United States during the forecast period.
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The United States As Major Exporter
The country is the fifth largest rice exporter, wherein rice exports account for about 35% of the total use of US rice. The major exporting partners for the US within the region are Mexico Japan and Haiti. The country exports rough rice, parboiled rice, brown rice, and fully milled rice. The regular imports of rice account for nearly 10% of the US food use of rice. According to ITC Trade, the quantity of rice exported from the United States amounted to 3.6 million metric tons in 2019 as compared to previous year where exports stood with 3.1 million metric tons. Increasing the export of rice y-o-y will boost the United States Rice Market during the forecast period.
US Rice Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Value Chain Analysis
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5. MARKET SEGMENTATION
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5.1 United States
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5.1.1 Production Analysis
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5.1.2 Consumption Analysis and Market Value
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5.1.3 Import Market Analysis (Volume and Value)
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5.1.4 Export Market Analysis (Volume and Value)
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5.1.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
US Rice Market Research FAQs
What is the study period of this market?
The United States Rice Market is studied from 2018 - 2028.
What is the growth rate of United States Rice Market?
The United States Rice Market is growing at a CAGR of 3.5% over the next 5 years.
United States Rice Industry Reports
In-depth industry statistics and market share insights of the United States Rice sector for 2020, 2021, and 2022. The United States Rice research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the United States Rice report PDF.
