Rice is the common food for more than half the world’s population. It is the second-largest cereal crop produced in the world after corn. Rice is also a key staple food in many parts of Asia, North America, South America, and Europe. The global rice market is expected to rise at a CAGR of more than 2% by 2022. This rise can be attributed to the growing population and increase in demand for different varieties of rice such as brown rice, basmati rice, and jasmine rice. Moreover, factors such as increasing disposable income, rapid urbanization, and changing dietary patterns are expected to contribute significantly to the growth of this market during the forecast period. Moreover, countries such as India and China are major producers of rice globally.