Organic Rice Market Size, Share, Growth, and Industry Analysis, By Type (Polished Glutinous Rice (Sticky Rice), Indica (Long-Shaped Rice), Polished Round-Grained Rice), By Application (Direct Edible, Deep Processing) and Regional Insights and Forecast to 2031

Updated On: 08 April 2024

ORGANIC RICE MARKET REPORT OVERVIEW

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The global organic rice market size was USD 2071.5 million in 2020 and the market is projected to touch USD 4472.2 million by 2031, exhibiting a CAGR of 8.0% during the forecast period.

In the upcoming years, the growing consumer demand for portable sanitary hygiene products is anticipated to continue to support intelligent toilets market growth expansion. These goods come with built-in features including air conditioning and warming water, as well as a ceramic toilet setup.

It has been noted that in industrialized countries including the U.S., the U.K., Germany, and France, smart bathroom gadgets have evolved into fashion statements. In order to give customers a better bathroom experience, industry partners are also providing cutting-edge hygienic technology including UV illumination, auto flush, connectivity via Bluetooth, and automatic open seat covers.

COVID-19 Impact: Serious Threat to International Trade to Degrade Market Share  

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The new coronavirus quickly spread to many different nations and areas, having a profound effect on people's lives as well as the community at large. From its beginnings as a human health issue, it developed into a serious threat to international trade, the economy, and finance. Due to lockdowns caused by the COVID-19 outbreak, development of numerous goods within the intelligent toilets industry has stopped. Furthermore, once the COVID-19 vaccine entered the market, fewer occurrences of the virus spread in the future. As a result, smart bathroom companies have reopened and are operating at full capacity.

LATEST TRENDS

"Sharp Rise in Commercial Development Activities to Stimulate Market Development  "

During the forecast period, the market is expected to see exceptional demand due to factors including the sharp rise in commercial development activities and the growing need of toilets from the contemporary trend of smart houses. Furthermore, it is anticipated that throughout the course of the projected period, consumer demand for easy sanitary hygiene products would continue to rise at an accelerated rate.

The ongoing economic progress in these areas has also improved the standard of life for locals, which will accelerate the market's rate of expansion. Furthermore, company management teams are encouraged to embrace the growing need for simpler sanitary products and smart toilets by the growing availability of these products.

ORGANIC RICE MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into storage heating, instantaneous heating.

The fact that instantaneous water heaters only heat water when it is needed makes them extremely efficient. On the opposite hand, storage heaters hold a specific volume of boiling water and maintain its temperature constant. Energy for standby purposes is not used by instantaneous water heaters.

• By Application

Based on application the global market can be categorized into commercial, residential, other.

In 2018, the commercial application category brought in a billion in revenue. Intelligent toilers are being installed in a lot of upscale dining establishments, bars, hotels, and retail centers to offer sanitary services to their patrons. Furthermore, the sophisticated toilet is seen as a high-end item that may be installed in upscale business spaces.

Throughout the anticipated timeframe, the residential application category is anticipated to grow at the quickest rate of CAGR. Push-button control, energy conservation, and changing consumer tastes are driving the increasing significance of the smart home, which is predicted to positively affect industry growth. Smart LEDs and smart toilets are among the built-in features of these smart homes. These kinds of cutting-edge toilets are regarded as essential components of interior design. In order to provide their customers more value for their money, home builders are giving their customers smart toilets pre-installed.

DRIVING FACTORS

"Growing Need for Water Saving Solutions to Support Completed Market Expansion  "

The growing need for water-saving solutions is driving the market. One of the main objectives for makers of smart toilets is to meet the demand for conserving water and water resources. The need for water sustainability is increasing in tandem with global population growth. These toilets' water-saving technology helps lower the overall water usage. The creation of more residential and commercial structures also contributed to the market's acceleration.

"Rising Technical Breakthroughs to Foster Industry Progress     "

The global market is being driven by rising technical breakthroughs, the increasing adoption of smart technologies in business, residential, and commercial buildings, and the current trend of smart homes, which is raising demand for the toilets. The need for these toilets is also anticipated to rise globally due to increasing demand from customers for easy sanitary hygiene products, as well as the rising acceptance of voice-activated devices along with internet of things technologies.

RESTRAINING FACTOR

"Time Consuming Procedures to Stop Market Evolution    "

Nevertheless, installing these toilets can be a time-consuming and costly process. The product has substantial maintenance costs as well. Additionally, people are more accustomed to and less expensive with traditional toilet systems. It is projected that these obstacles will limit the market's potential growth for these toilets.

ORGANIC RICE MARKET REGIONAL INSIGHTS

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"Europe to dominate the Market Owing to Rising Consumer Spending "

In 2018, Europe held a dominant portion of the intelligent toilets market share. The market is expanding as a result of rising consumer spending on preserving personal cleanliness. According to a recent study, a significant portion of the public in Germany and the U.K. would rather install an intelligent toilet seat than pull it out with their hand, which is not a hygienic practice. In the future years, rising consumer expenditure on hygiene and health products in the U.K., Germany, as well as France is anticipated to continue to support industry growth.

The region is predicted to increase at the fastest rate, with a compound annual growth rate. It is noted that throughout the past few years, there has been a growth in the overall population of the metro areas in the aforementioned countries. The population of major cities in nations including U.K., France and Germany is predicted to rise, which would lead to a rise in the purchase of bathroom accessories and equipment including smart toilets.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Doguet’s Rice (U.S.)
• Randall Organic (Australia)
• Sanjeevani Organics (India)

INDUSTRIAL DEVELOPMENT

January 2023: The American maker of faucets, bathroom furnishings, sinks, showers, toilets, and accessories, Kohler Co., introduced four new products in January 2023 during the virtual CES. Intuitively intelligent toilets, touchless bathroom faucet collections, Kohler whole home water monitors, Stillness baths, and Pro versions are a few of the newest products in the company's line of smart home solutions that prioritize individual wellbeing.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.