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India's packaged rice market to grow 4.75% CAGR, driven by urbanization and premium Basmati demand

Market News
13 Jul 2026
Researchandmarkets.Com
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Bullish
India's packaged rice market to grow 4.75% CAGR, driven by urbanization and premium Basmati demand

The India packaged rice market is projected to grow from 13.68 million tons in 2025 to 21.09 million tons by 2034, at a CAGR of 4.75%. Growth is fueled by urbanization, rising food safety awareness, and a shift towards branded products, especially premium Basmati rice. Modern retail and e-commerce channels are expanding access, while government policies and packaging innovations support market competitiveness. Key players like Adani Wilmar Ltd. and KRBL Limited focus on premiumization and wider distribution to capture growing demand.

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