Sarveshwar Foods, a rising leader in the rice and rice-based food industry, announced that it has successfully completed formalities related to the acquisition of the remaining stake in Natural Global Foods DMCC, based in Dubai, UAE, according to the press release. Following the receipt of final valuation and due diligence reports, as well as approval from the Company’s Board of Directors, Sarveshwar Foods plans to integrate Natural Global Foods DMCC as a wholly owned subsidiary and complete full operational integration by December 31, 2024, marking the end of the current fiscal quarter. This acquisition represents a strategic step in Sarveshwar Foods’ ongoing efforts to strengthen its operational presence and control in the Middle East.
The acquisition aims to streamline decision-making, create synergies, and drive operational efficiencies across the region, paving the way for accelerated growth. As part of its broader strategy to expand globally and reinforce its leadership in the rice and rice-based product market, Sarveshwar Foods intends to meet the growing consumer demand for premium, high-quality rice in the Middle East. This region presents a significant opportunity for Sarveshwar Foods to enhance its market presence and build stronger connections with local consumers.
“We are thrilled to move forward with this acquisition,” said Mr. Rohit Gupta, Chairman of Sarveshwar Foods. “Integrating Natural Global Foods DMCC will enhance our ability to meet the increasing demand for premium rice and rice-based products in the Middle East, while allowing us to leverage our regional expertise more effectively. We are confident this strategic decision will drive operational efficiencies, accelerate our growth in the region, and support our long-term global expansion plans.”
He further remarked, “We see great potential for growth in this market and are eager to bring our legacy of quality, innovation, and trust to the region. This move will allow us to deepen our relationships with local consumers and partners, tailoring our offerings to meet their specific needs. We are confident that we will strengthen our market presence, drive sustainable growth, and deliver exceptional value to all our stakeholders.”
In 2022, the rice-based products market was valued at approximately USD 32 billion, with a projected compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. This growth is driven by increasing consumer demand for gluten-free and organic products, as well as the rising popularity of rice as a versatile ingredient in various food applications. The market’s expansion is also fueled by greater awareness of rice’s health benefits, such as its nutritional value and lower allergenic potential compared to other grains.
The food and beverage sector remains the largest segment in the rice-based products market, with rice flour and rice starch widely used in diverse cuisines and beverages. As consumers continue to shift toward healthier alternatives, rice-based products like rice milk and rice snacks are becoming more popular, especially in regions with a high demand for gluten-free options. Beyond food and beverages, rice-based products are expanding into pharmaceuticals and personal care industries. Rice starch is commonly used in pharmaceuticals, while rice derivatives are gaining popularity in cosmetics due to their skin-friendly properties. The rising demand for sustainable, natural ingredients is expected to accelerate the use of rice-based products in non-food sectors.
Through the acquisition of Natural Global Foods DMCC, Sarveshwar Foods will establish a regional hub in the Middle East, leveraging its extensive expertise in rice and rice-based products to drive growth in emerging markets. This strategic move will allow Sarveshwar Foods to better meet the diverse culinary preferences of Middle Eastern consumers, respond swiftly to market demands, and optimize its supply chain.
