Reports
Congruence Market Insights announces the release of its latest report, "Global Black Rice Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2031". This comprehensive report offers an in-depth analysis of the current market dynamics, key trends, competitive landscape, and future growth opportunities in the global black rice market
Executive Summary
The global black rice market is experiencing significant growth, driven by the rising demand in the food and beverage industry, growing health awareness, and shifting consumer trends towards plant-based nutrition. The report provides a detailed analysis of market dynamics, competitive strategies, and the increasing role of e-commerce platforms. The global market, valued at USD 190.4 million in 2023, is projected to reach USD 293.7 million by 2031, growing at a CAGR of 5.6% during the forecast period.
Highlights of the Report:
· Market Size & Growth: The global black rice market was valued at USD 190.4 million in 2023 and is projected to reach USD 293.7 million by 2031, growing at a CAGR of 5.6% during the forecast period.
· Market Segmentation: The report segments the black rice market by type (Indonesian Black Rice, Philippine Balatinaw Black Rice, Thai Jasmine Black Rice, Others) and application (Food & Beverage, Nutraceuticals, Personal Care, Others). Key segments, such as food and beverages, accounted for a significant market share in 2023.
· Regional Insights: The report offers detailed insights into regional markets, highlighting growth prospects in Asia-Pacific, North America, and Europe. Asia-Pacific accounted for the largest market share in 2023, while North America is expected to experience the fastest growth, driven by increasing demand for plant-based and vegan diets.
· Competitive Landscape: The report profiles key players in the global black rice market, including Cargill, Incorporated, Lotus Food Inc., Pristine, The Natural Rice Co., and ADM. It provides an analysis of their market strategies, product innovations, and competitive positioning.
Availability and Access:
The full report, "Global Black Rice Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2031", is now available for purchase on the Congruence Market Insights website. Interested parties can access a free sample or request more information by visiting www.congruencemarketinsights.com or contacting our sales team at sales@congruencemarketinsights.com.
You can also access the report sample here: https://www.congruencemarketinsights.com/report/black-rice-market/request-sample
Key Market Drivers:
· Rising Demand in the Food & Beverage Industry: Black rice is increasingly featured in gourmet and health-focused food products, with growing consumer interest in its rich nutritional profile.
· Increasing Health Awareness: Consumers are increasingly seeking nutritious, antioxidant-rich foods like black rice, which is driving market growth, especially among health-conscious and vegan consumers.
Challenges and Opportunities:
· Opportunities:
o Organic and Natural Foods: The growing demand for organic foods provides significant opportunities for black rice, which is often cultivated using sustainable farming practices.
o E-commerce Growth: Online retail platforms offer wider distribution opportunities, especially in regions with growing health awareness.
· Challenge:
o High Competition: With a rising number of manufacturers entering the market, differentiation through product innovation and sustainable practices is crucial for maintaining competitive advantage.
Expert Insights
Commenting on the release of the report, Congruence Market Insights stated, "The global black rice market is evolving rapidly, with growing consumer demand for nutritious, functional foods. Our latest report highlights the critical trends shaping this market and provides actionable insights for businesses to capitalize on emerging opportunities."
About Congruence Market Insights
Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. We specialize in delivering actionable insights, market intelligence, and forecasting to empower informed decision-making. Our expertise spans across sectors such as telecommunications, healthcare, automotive, technology, and more, helping clients navigate dynamic market environments and stay ahead of competition.
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