South Korea rice market size is projected to exhibit a growth rate (CAGR) of 5.60% during 2024-2032. The increasing innovations in agricultural practices and technology that can lead to increased productivity and affect overall rice supply, are the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) | 5.60% |
Rice, a staple food, holds a profound significance in various cuisines and agricultural landscapes. Its cultivation spans diverse climates, from flooded paddies to arid fields, showcasing its adaptability. With numerous varieties such as long-grain, short-grain, and basmati, rice offers a spectrum of textures and flavors to cater to various culinary preferences. Beyond its culinary role, rice plays a crucial economic and social role in many societies, serving as a livelihood for millions of farmers. As a complex carbohydrate, rice provides a substantial source of energy and essential nutrients. Whether steamed, fried, or transformed into comforting dishes like risotto or biryani, rice is a canvas for countless culinary creations.
The regional rice market is influenced by various drivers, and these factors play a pivotal role in shaping the dynamics of the industry. Firstly, the ever-growing population in South Korea serves as a fundamental driver, propelling the demand for rice as a staple food. Moreover, economic factors significantly contribute to the rice market dynamics. Income levels and economic development directly impact consumer spending on food products, including rice. Rising disposable incomes often lead to increased consumption of premium rice varieties, affecting both supply and demand. Climate conditions and environmental factors also play a crucial role in determining the rice market's trajectory. Changes in weather patterns, natural disasters, and the overall climate affect crop yields, subsequently impacting prices and supply chain stability. Additionally, technological advancements in agriculture, such as improved irrigation techniques and genetically modified rice varieties, contribute to increased productivity, influencing market trends. In conclusion, a complex interplay of demographic, economic, environmental, and technological factors shapes the rice market in South Korea, making it imperative for stakeholders to navigate this multifaceted landscape effectively.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on product type, type, grain size, distribution channel, and application.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes regular and aromatic.
Type Insights:
A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes red rice, arborio rice, black rice, grain fragrance rice, brown rice, rosematta rice, grain parboiled rice, sushi rice, and others.
Grain Size Insights:
The report has provided a detailed breakup and analysis of the market based on the grain size. This includes long grain, medium grain, and short grain.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes offline stores and online stores.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes food, feed, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region) and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Product Types Covered | Regular, Aromatic |
Types Covered | Red Rice, Arborio Rice, Black Rice, Grain Fragrance Rice, Brown Rice, Rosematta Rice, Grain Parboiled Rice, Sushi Rice, Others |
Grain Sizes Covered | Long Grain, Medium Grain, Short Grain |
Distribution Channels Covered | Offline Stores, Online Stores |
Applications Covered | Food, Feed, Others |
Regions Covered | Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |