Market Size of Italy Rice Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2023 - 2028 |
| Market Size (2023) | USD 2.23 Billion |
| Market Size (2028) | USD 2.83 Billion |
| CAGR (2023 - 2028) | 4.84 % |
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Italy Rice Market Analysis
The Italy Rice Market size is expected to grow from USD 2.23 billion in 2023 to USD 2.83 billion by 2028, at a CAGR of 4.84% during the forecast period (2023-2028).
- Rice cultivation is mostly located in Northern Italy (Piemonte, Lombardia, and Veneto regions) where water is relatively abundant and the rice crop can be raised in flooded fields. Approximately 84.0% of rice varieties grown in Italy are Japonica, while the remaining is Indica.
- A rice variety that is widely cultivated for domestic consumption is the “Lungo A” grain. This broad category includes Carnaroli, Arborio, Baldo, S. Andrea, and Volano types. In terms of foreign exchange, rice is one of the most commercially important cereal crops in Italy. Since the introduction of the European Community policy, the cultivated rice area in Italy increased mainly owing to favorable market conditions for Italian paddy production.
- An increase in the demand for rice by Italian rice-importing countries and the consumption of rice locally led to demand for rice purchase in the country. As a result, there is a significant increase in rice prices. Average rice production in Italy is 1.3 million metric ton, 53.0% of which is exported to other European countries.
