Published on 19 Mar 2024 on Insider Monkey via Yahoo Finance

15 Highest Quality Rice Brands in 2024

In this article, we shall discuss the 15 highest quality rice brands in 2024. To skip our detailed analysis of the global rice and agri-business industries in 2024, go directly and see 5 Highest Quality Rice Brands in 2024.

Global Rice Industry Outlook 2024: An Overview

As a cereal grain, rice is one of the most widely consumed staple foods in the world, with especially strong demand for some of the highest quality rice brands in Asia, a region which accounts for more than 92% of global rice production and consumption. Although it is cultivated in more than 120 countries across the globe, China and India account for more than half of rice's global production. It is one of the most fundamental agricultural commodities in the world, with Asian, sub-Saharan African, and South American regions posting the greatest demand. In 2024, the global rice market has been valued at $376.5 billion and is expected to reach $436.5 billion by 2029 at a CAGR of 3% during the forecast period. This growth is primarily attributed to rampant growth in the food and beverage and restaurant industries, respectively. Furthermore, consistent development in rice mill technology and improved packaging sensibilities have caused product demand for some of the highest quality rice brands in 2024 to skyrocket globally, especially in emerging economies. Some of the major beneficiaries of this global rise in demand are certain players in the agriculture industry like MGP Ingredients Inc. (NASDAQ:MGPI), RiceBran Technologies (NASDAQ:RIBT), and Corteva Inc. (NYSE:CTVA). This rise in demand for specialty rice varieties has propped up trade for long-grain rice, which in turn, is fueling market growth exponentially. To read more on the global rice industry in 2024, check out our coverage of the Top 20 Rice Producing Countries in The World.