Market Size of United States Rice Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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US Rice Market Analysis
The United States rice market is estimated to register a CAGR of 3.5% during the forecast period.
- In the United States, areas under rice cultivation increased rapidly over time due to increased long-grain rice production. The grain types grown across the United States include long, medium, and short grain. However, long-grain types and hybrids are more common in southern states, whereas medium-grain types are more common in California.The major rice-producing areas include Arkansas, Mississippi, Missouri, Texas, California, and Louisiana, accounting for 1.17 hectares of land under rice cultivation.
- The US rice industry has made impressive progress. The US rice industry has improved land use efficiency by 39%, reduced soil erosion by 28%, and decreased water use by 52%. It has also reduced energy use by 34% while cutting greenhouse gas emissions by 41%. And as part of its commitment to continuous improvement, it has set ambitious targets for 2030 to maintain and improve it for the next generation.
- Meanwhile, US farmers were looking for crops with promises of larger margins. They reported to the United States Department of Agriculture (USDA) that they intended to plant 3% fewer rice acres in 2022 than in 2021. Except there was one problem. Most of the surveys were completed before the impacts of Russia's invasion of Ukraine were realized. They were also carried out before California, the second-largest rice-producing state, had completed 2022 water allocations - affecting United States' food supply. However, the US legislators established a fair farm safety net to assist farmers during their most difficult years of production, which will support the market over the coming years.
- The factors driving the market demand are government support in the production of rice, growing demand for rice for numerous uses, an increasing number of rice processing companies, and rising exports to regions like Mexico, Northeast Asia, Central America, the Caribbean, Canada, the Middle East, the European Union, and Sub-Saharan Africa. These factors will boost the growth of the market during the forecasting period.
US Rice Industry Segmentation
Rice is the major cereal crop whose cultivation is well-suited to countries and regions with low labor costs and high rainfall, as it is labor-intensive to cultivate and requires ample water.
The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.
The report offers the market size and forecast in both value (USD million) and volume (metric ton).
United States | |
Production Analysis | |
Consumption Analysis and Market Value | |
Import Market Analysis (Volume and Value) | |
Export Market Analysis (Volume and Value) | |
Price Trend Analysis |
United States Rice Market Size Summary
The United States rice market is experiencing steady growth, driven by an increase in acreage under cultivation and a focus on long-grain rice production, particularly in southern states. The market is characterized by the cultivation of long, medium, and short-grain varieties, with long-grain types dominating the southern regions and medium-grain types primarily produced in California. The major rice-producing states include Arkansas, Mississippi, Missouri, Texas, California, and Louisiana. The industry has made significant strides in improving land use efficiency, reducing soil erosion, and decreasing water and energy consumption, all while cutting greenhouse gas emissions. Despite challenges such as drought conditions in California and geopolitical tensions affecting crop planting decisions, government support and a fair farm safety net are expected to bolster the market's resilience and growth.
The United States is a key player in the global rice market, accounting for a small percentage of global production but ranking as the fifth-largest exporter. The country exports a significant portion of its rice production, with major markets including Mexico, Canada, and Haiti. The export of rough, parboiled, brown, and fully milled rice contributes substantially to the market's expansion. The US rice industry is committed to sustainable practices, with a large portion of its production coming from family farms. However, the industry faces challenges from both environmental and manmade factors, prompting calls for government assistance to ensure continued growth and stability. The increasing export value and expanding global reach of US rice are expected to drive market growth in the coming years.
United States Rice Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 United States
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2.1.1 Production Analysis
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2.1.2 Consumption Analysis and Market Value
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2.1.3 Import Market Analysis (Volume and Value)
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2.1.4 Export Market Analysis (Volume and Value)
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2.1.5 Price Trend Analysis
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United States Rice Market Size FAQs
What is the current United States Rice Market size?
The United States Rice Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
What years does this United States Rice Market cover?
The report covers the United States Rice Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Rice Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.