Europe Basmati Rice Market Trends, Revenue, Demand and Future Opportunities and Strategies till 2034: SPER Market Research
Basmati rice is a distinctive long-grain scented rice grown for millennia in the Himalayan foothills of the Indian subcontinent. Basmati rice is distinguished from other fragrant long-grain rice kinds by its unique soft and fluffy texture, exquisite taste, outstanding aroma, and flavour. It is also known for its extra-long, slender grains that stretch to at least twice their original size when cooked. The agroclimatic circumstances of its particular growing region, in addition to the careful harvesting, processing, and ageing techniques, are responsible for the distinctive characteristics of Indian Basmati rice. Internationally well-known, this “scented pearl” is hailed as a high-end brand and due to its renowned reputation and unmatched qualities, Indian Basmati rice is now a popular choice among chefs.
According to SPER Market Research, ‘Europe Basmati Rice Market Size- By Product Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ states that the Europe Basmati Rice Market is estimated to reach USD 940.27 million by 2034 with a CAGR of 4.2%.
Drivers:
European nations are demonstrating improvements in demand for Basmati rice due to two primary factors: an increase in the number of tourists and immigrants. The demand for distinctively flavoured and aromatic rice, such as Basmati rice, has increased due to the establishment of a larger consumer base with a wide range of culinary preferences. Cultural cuisines have become more popular, particularly those from the subcontinent, where Basmati rice is a staple diet. Health consciousness is another important reason that has been fuelling the demand for basmati rice in the continent. Because of its high fibre content, basmati rice is a popular option among consumers in the region who are concerned about their health which makes it easier for waste materials to pass through the digestive tract.
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Restraints:
The Europe Basmati Rice Market is confronted with a number of obstacles, such as fluctuating raw material prices, strict regulations, and logistical limitations, despite its encouraging growth possibilities. But these difficulties also provide market participants a chance to be creative and adjust to shifting customer tastes and market conditions. The high degree of bureaucratic regulations controlling agricultural imports has been one specific issue for the Basmati rice business in European nations. The European governments have focused a lot of attention on a number of important issues, including genetically modified organisms, pollutants, and pesticide residues. Another obstacle was the EU’s geographical indication (GI) regulations that the rice that was sold as basmati in the European Union had to be produced in the Indian subcontinent.
Europe Basmati Rice Market is dominated by United Kingdom due to consumer preferences, established market channels and regulatory environment. Some of its key players are – Amira Basmati Rice, Amira Nature Foods, East End Foods, Estraco, HBI.
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Europe Basmati Rice Market Growth
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