Global basmati rice market projected to rise to US $17.7 Billion by 2022.

The worldwide market for basmati rice is anticipated to rise to US$17.74 bn by 2022, proliferating at a robust CAGR of 11.0% during the period from 2017 to 2022. Basmati rice is the leading aromatic fine quality rice of the world trade and it fetches good export price in the international markets. Due to steady rise in the demand from people across the world, the global basmati rice market is undergoing a phase of significant improvement. The opportunity in the worldwide market for basmati rice is anticipated to reach US$10.51 bn by 2017. Proliferating at a robust CAGR of 11.0% over the period from 2017 to 2022, the market is expected to rise further to US$17.74 bn by the end of the estimate period.