Rice Seed Market Analysis Report By Product, By Grain Size, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619662  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global rice seed market size was worth USD 6.5 billion in the year 2018. Increasing demand for rice grain as a food staple in emerging countries, such as India and China is driving the market growth. Further, the advent of advanced farming technologies has positively affected market growth by maximizing yield and strengthening supply.

The consumption of brown rice has witnessed a rapid rise in the recent past. Countries such as China, India, Malaysia, and Vietnam are the leading consumers of this rice. It has also been proved in medical research that brown rice is a healthier alternative to conventional white rice. A single cup of brown rice contains 218 calories apart from carbohydrates, fat, and protein in moderate amounts. Additionally, it has other nutrients such as zinc, selenium, phosphorus, copper, and other vitamins such as B1, B5, and B6.

U.S rice seeds market

The government and other private institutions are increasingly supporting farmers to increase production. Favorable government initiatives have ensured the availability of agricultural credits agricultural machinery and pesticides readily. Further, government technical support to farmers about crop management and monitoring has resulted in increased yields. All these above-mentioned factors focus on quality seeds production, which, in turn, is projected to drive the demand for rice seeds over the forecast period.

Product Insights

Hybrids products held the largest market share with over 70% in 2018. These seeds offer multiple benefits such as improved yield, resistance against pests and other diseases. These factors are estimated to bode well for the segment growth from 2019 to 2025. Moreover, leading rice-producing countries has set up a robust system for the production, quality assurance, and distribution of hybrid seeds.

It has been found that hybrid variants can yield over 30% more than conventional ones. Further, hybrid seeds requirement is much lesser as compared to conventional variants. Thus, owing to the higher return on investment, its demand is expected to proliferate over the next few years. The rising demand will lead to a rise in the production of hybrid variants of rice seeds, thereby, fueling the rice seed market growth.

Grain Size Insights

Medium-sized variants occupied the largest market share with around 50% in 2018. These types of seeds are tender, moist, and chewy in nature and can grow almost three times larger than their original size. These variants are widely consumed in Southeast Asian countries. Apart from being used as a staple food, these rice variants are used to prepare various other dishes such as arancini, fried balls of rice, paella, and other dishes.

Global rice seeds market

Long grain seeds are likely to grow the fastest with a CAGR of 9.2% over the forecast period due to their wide application in varieties of foods. Different varieties of these seeds are Langi, Doongara, Topaz, Neang Minh, and others. They are longer in size with over five times their width. Basmati is one of the longest grain products and it is widely produced in Southeast countries including India. Various dishes such as pulao, biryani, jambalaya, and sashimi are prepared using this rice grain. 

Regional Insights

The Asia Pacific held the largest rice seeds market share with over 80% in 2018. Increasing rise consumption as a food staple is the major factor driving regional growth. In Southeast Asian countries such as India, Sri Lanka, Thailand, and Vietnam, per capita, rice consumption is over 100kg annually. Over half Million of the population in these countries depend on rice, which contributes to more than 50% of their calorie intake. Further, other Asian countries such as Myanmar, Cambodia, Bangladesh, and the Philippines are also witnessing a surge in consumption, which, in turn, is likely to supplement the demand for rice seeds.

Europe is anticipated to be the fastest-growing region with a CAGR of 9.5% over the forecast duration. European countries such as Spain, Italy, Romania, and Turkey are witnessing a rise in rice consumption as a food staple. Further, rice is used in the preparation of different dishes in these countries. This factor is likely to propel market growth in the region.

Rice Seeds Market Share Insights

Key players involved in the market are Nuziveedu Seeds Limited (NSL), Kaveri Seeds, DuPont Pioneer, Mahindra Agri Solutions Pvt. Ltd, Rallis India Limited, Pan Seeds Pvt. Ltd, Syngenta, and Savannah Seeds Private Limited among others. The market is highly fragmented in nature and it presents a low to moderate entry barrier for the new players. Most of the key players are from India and China, and they supply rice seeds across the world. Considering the growing demand for these seeds, manufacturers are focusing on the introduction of organic grain, which has multiple health benefits. 

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilo Tons, Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, Brazil, Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global rice seed market report on the basis of product, grain size, and region:

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
    • Hybrid
    • Open-pollinated Varieties

• Grain Size Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
    • Long
    • Medium
    • Short

• Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • Saudi Arabia

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