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GCC Basmati Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

GCC Basmati Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Rice forms an important part of the Middle Eastern cuisine, and is considered as a staple food along with wheat, particularly in the GCC countries. Amongst the different varieties, basmati rice is considered as the most popular type of rice which is mainly grown in the foothills of the Himalayas. It is valued for its long and slender grains, delicate aroma and distinct taste. Basmati rice is extensively used in a number of lavish rice-based dishes containing layers of rice, meat, sauces and dried fruits. Owing to this, the countries in the GCC region have become the major importers of basmati rice from India and Pakistan. According to IMARC Group’s latest report, titled “GCC Basmati Rice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the GCC basmati rice market reached a volume of around 2 Million MT in 2017.

A lack of rice production in the GCC countries and growing demand for better quality rice among the consumers in the region is majorly contributing to the growth prospects of the basmati rice market. Additionally, the high density of Asian expatriates in the region represents another key reason for the surge in the demand for basmati rice. Rising urbanisation rates, change in demographics and inflating income levels are further projected to boost the consumption of basmati rice in the GCC region.

The report has segmented the market on the basis of type including parboiled basmati rice and raw basmati rice. Among these, parboiled basmati rice holds the majority of the total sales. The market is further segmented on the basis of pack size as institutional packaging and retail packaging. On a regional-basis, Saudi Arabia represents the largest region, accounting for the majority of the total global share. This can be attributed to the large consumer-base in the Kingdom as compared to the other countries in the region. Saudi Arabia is followed by the UAE, Kuwait, Qatar, Oman and Bahrain.

This report provides a deep insight into the GCC basmati rice industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a basmati rice processing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC basmati rice industry in any manner.

Key Questions Answered in This Report:

How has the GCC basmati rice market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC basmati rice industry?
What are the price trends of basmati rice in the GCC region?
What are the various stages in the value chain of the GCC basmati rice industry?
What are the key driving factors and challenges in the GCC basmati rice industry?
What is the structure of the GCC basmati rice industry and who are the key players?
What is the degree of competition in the GCC basmati rice industry?
What are the profit margins in the GCC basmati rice industry?
What are the key requirements for setting up a basmati rice processing plant?
How is basmati rice processed?
What are the various unit operations involved in a basmati rice processing plant?
What is the total size of land required for setting up a basmati rice processing plant?
What are the machinery requirements for setting up a basmati rice processing plant?
What are the raw material requirements for setting up a basmati rice processing plant?
What are the packaging requirements for basmati rice?
What are the transportation requirements for basmati rice?
What are the utility requirements for setting up a basmati rice processing plant?
What are the manpower requirements for setting up a basmati rice processing plant?
What are the infrastructure costs for setting up a basmati rice processing plant?
What are the capital costs for setting up a basmati rice processing plant?
What are the operating costs for setting up a basmati rice processing plant?
What will be the income and expenditures for a basmati rice processing plant?
What is the time required to break-even?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 MENA Basmati Rice Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.2.3 Price Trends
6 GCC Basmati Rice Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.2.3 Price Trends
6.3 Market Breakup by Country
6.3.1 Saudi Arabia
6.3.1.1 Market Trends
6.3.1.2 Price Trends
6.3.1.3 Competitive Landscape
6.3.1.4 Market Forecast
6.3.2 UAE
6.3.2.1 Market Trends
6.3.2.2 Price Trends
6.3.2.3 Competitive Landscape
6.3.2.4 Market Forecast
6.3.3 Kuwait
6.3.3.1 Market Trends
6.3.3.2 Price Trends
6.3.3.3 Competitive Landscape
6.3.3.4 Market Forecast
6.3.4 Oman
6.3.4.1 Market Trends
6.3.4.2 Price Trends
6.3.4.3 Market Forecast
6.3.5 Qatar
6.3.5.1 Market Trends
6.3.5.2 Price Trends
6.3.5.3 Market Forecast
6.3.6 Bahrain
6.3.6.1 Market Trends
6.3.6.2 Price Trends
6.3.6.3 Market Forecast
6.4 Market Breakup by Type of Rice
6.4.1 Basmati and Non-Basmati
6.4.2 Parboiled and Raw
6.5 Market Breakup by Pack Size
6.5.1 Retail Packaging
6.5.2 Institutional packaging
6.6 Market Breakup by Country of Origin
6.6.1 India
6.6.2 Pakistan
6.6.3 Others
7 GCC Basmati Rice Industry: Key Success Factors
8 GCC Basmati Rice Industry: SWOT Analysis
8.1 Strengths
8.2 Weaknesses
8.3 Opportunities
8.4 Threats
9 GCC Basmati Rice Industry: Value Chain Analysis
10 GCC Basmati Rice Industry: Porter’s Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11 Key Market Drivers and Challenges
12 Cultivation and Harvesting of Basmati Rice
12.1 Land Requirements
12.2 Construction Requirements
12.3 Machinery Requirements
12.4 Labour Requirements
12.5 Climate Requirements
12.6 Soil Requirements and Treatment
12.7 Yield per Hectare
12.8 Period of Maturation
12.9 Seed Selection and Treatment
12.10 Land Preparation and Planting
12.11 Irrigation Requirements
12.12 Crop Protection
12.13 Storage and Packaging
12.14 Transportation
12.15 Total Costs Involved
12.15.1 Fixed Costs
12.15.2 Variable Costs
13 Processing of Basmati Rice
13.1 Detailed Process Flow
13.2 Various Unit Operations Involved
13.3 Land Requirements
13.4 Construction Requirements
13.5 Machinery Requirements
13.6 Raw Material Requirements
13.7 Packaging Requirements
13.8 Transportation
13.9 Utility Requirements
13.10 Total Costs Involved
13.10.1 Fixed Costs
13.10.2 Variable Costs
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Taxation and Depreciation
15.4 Income Projections
15.5 Expenditure Projections
15.6 Financial Analysis
15.7 Profit Analysis
16 Margins Across Various Stages of the Supply Chain
17 Key Player Profiles
List of Figures
Figure 1: Global: Basmati Rice Consumption Scenario, 2017
Figure 2: MENA: Basmati Rice Consumption Scenario, 2017
Figure 3: MENA: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 4: MENA: Basmati Rice Market: Consumption by Value (in Billion US$), 2014-2017
Figure 5: MENA: Basmati Rice Market: Average Price Trends (US$/MT), 2014-2017
Figure 6: GCC: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 7: GCC: Basmati Rice Market: Consumption by Value (in Billion US$), 2014-2017
Figure 8: GCC: Basmati Rice Market: Average Price Trends (US$/MT), 2014-2017
Figure 9: MENA: Market Breakup by Parboiled and Raw Rice (in %), 2017
Figure 10: GCC: Market Breakup by Parboiled and Raw Rice, (in %), 2017
Figure 11: GCC: Consumption Share of Basmati Rice (in %), 2017
Figure 12: Saudi Arabia: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 13: UAE: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 14: Kuwait: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 15: Qatar: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 16: Bahrain: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 17: Oman: Basmati Rice Market: Consumption by Volume (in Million MT), 2014-2017
Figure 18: Saudi Arabia: Basmati Rice Market: Consumption by Value (in Million US$), 2014-2017
Figure 19: UAE: Basmati Rice Market: Consumption by Value (in Million US$), 2014-2017
Figure 20: Kuwait: Basmati Rice Market: Consumption by Value (in Million US$), 2014-2017
Figure 21: Qatar: Basmati Rice Market: Consumption by Value (in Million US$), 2014-2017
Figure 22: Bahrain: Basmati Rice Market: Consumption by Value (in Million US$), 2014-2017
Figure 23: Oman: Basmati Rice Market: Consumption by Value (in Million US$), 2014-2017
Figure 24: GCC: Average FOB Price Trends (in US$/MT) of Basmati Rice in Saudi Arabia, 2014-15 to 2016-17
Figure 25: Saudi Arabia: Basmati Rice Market: Average FOB Price Trends (in US$/MT), 2014-2017
Figure 26: UAE: Basmati Rice Market: Average FOB Price Trends (in US$/MT), 2014-2017
Figure 27: Kuwait: Basmati Rice Market: Average FOB Price Trends (in US$/MT), 2014-2017
Figure 28: Qatar: Basmati Rice Market: Average FOB Price Trends (in US$/MT), 2014-2017
Figure 29: Bahrain: Basmati Rice Market: Average FOB Price Trends (in US$/MT), 2014-2017
Figure 30: Oman: Basmati Rice Market: Average FOB Price Trends (in US$/MT), 2014-2017
Figure 31: Saudi Arabia: Basmati Rice Market Forecast: Consumption by Volume (in Million MT), 2018-2023
Figure 32: UAE: Basmati Rice Market Forecast: Consumption by Volume (in Million MT), 2018-2023
Figure 33: Kuwait: Basmati Rice Market Forecast: Consumption by Volume (in Million MT), 2018-2023
Figure 34: Qatar: Basmati Rice Market Forecast: Consumption by Volume (in Million MT), 2018-2023
Figure 35: Bahrain: Basmati Rice Market Forecast: Consumption by Volume (in Million MT), 2018-2023
Figure 36: Oman: Basmati Rice Market Forecast: Consumption by Volume (in Million MT), 2018-2023
Figure 37: Saudi Arabia: Basmati Rice Market Forecast: Consumption by Value (in Million US$), 2018-2023
Figure 38: UAE: Basmati Rice Market Forecast: Consumption by Value (in Million US$), 2018-2023
Figure 39: Kuwait: Basmati Rice Market Forecast: Consumption by Value (in Million US$), 2018-2023
Figure 40: Qatar: Basmati Rice Market Forecast: Consumption by Value (in Million US$), 2018-2023
Figure 41: Bahrain: Basmati Rice Market Forecast: Consumption by Value (in Million US$), 2018-2023
Figure 42: Oman: Basmati Rice Market Forecast: Consumption by Value (in Million US$), 2018-2023
Figure 43: GCC: Competitive landscape in Saudi Arabia, 2017
Figure 44: GCC: Competitive landscape in UAE, 2017
Figure 45: GCC: Competitive landscape in Kuwait, 2017
Figure 46: GCC: Basmati Rice Market: Value Chain Analysis and Profit Margins
Figure 47: GCC: Basmati Rice Market: Porter’s Five Forces Analysis
Figure 48: GCC: Basmati Rice Market: SWOT Analysis
List of Tables
Table 1: Basmati Rice: Varieties, Height, Yields, Maturation Period
Table 2: Basmati Rice: Water Requirement per Hectare
Table 3: Basmati Rice: Water Maintained During Different Stages of Its Growth
Table 4: Seed Treatment Chemicals Used For Cultivating Basmati Rice
Table 5: Inorganic Fertilizers Used For Cultivating Basmati Rice
Table 6: Micronutrients Used For Cultivating Basmati Rice
Table 7: Fungicides Used For Cultivating Basmati Rice
Table 8: Insecticides Used For Cultivating Basmati Rice
Table 9: Herbicides Used For Cultivating Basmati Rice
Table 10: Basmati Rice Growing Cost (In US$ Per Hectare)
Table 11: Basmati Rice Milling Plant Details
Table 12: Man Power Requirements
Table 13: Basmati Rice: Total Capital Investment Required to Setup a Milling Plant
Table 14: Basmati Rice Milling Plant: Techno-Economic Parameters
Table 15: Basmati Rice Milling Plant: Expenditure Projections
Table 16: Basmati Rice Milling Plant: Total Capital Investment

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