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The global rice syrup market is expected to grow at a CAGR of 4% over the forecast period of 2024-2032. The market is being driven by the rising health awareness among consumers, coupled with the growing demand for natural or plant-based ingredients in various sectors.
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The growing popularity of the organic rice syrup segment over conventional is expected to drive the growth of the industry over the forecast period. The rising demand for organic products is leading manufacturers to develop products from high-quality ingredients, free from synthetic additives, which is driving the growth of this segment, and in turn, aiding the overall industry growth.
Region-wise, Europe is expected to account for the one of the largest shares in the global market owing to increased consumer health awareness and a rise in demand for organic, natural, and healthy food products in the region. High consumption of baked products and confectionaries in Europe is a significant factor driving the market in the region. Also, strict regulations pertaining to the distribution of rice syrup by the European Union (EU) are providing consumers with a sense of confidence, thereby fuelling the sales of rice syrup in Europe.
Rice syrup is a grain syrup or basically a sweetener obtained from whole grain rice via its fermentation using enzymes in order to break down the natural starches present in it into complex carbohydrates, maltose, and glucose. Rice syrup offers a mildly sweet butterscotch flavour for items like cookies, cakes, pies, and puddings. Upon its use with baked goods, rice syrup will generally create a more crisp or harder textured result.
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The rice syrup industry, based on rice type, can be divided into:
On the basis of nature, the industry is segmented into:
Rice syrup finds application in sectors like:
The report also covers the regional markets for rice syrup like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global market for rice syrup is being driven by its growing application of the product in the food and beverage sector, particularly to manufacture processed and baked goods. The industry is witnessing a steady growth due to the growing consumer demand for organic or natural products over synthetic ones. Further, the rising demand for plant-based ingredients with a growing vegan population is propelling the rice syrup industry forward.
To satisfy consumer demand, manufacturers are using rice syrup to manufacture food products like fruit drinks, soft drinks, canned fruits, breakfast cereals, extruded or baked energy and sports bars, beverages, puddings, biscuits, and cakes, among others. Further, manufacturers are increasingly adopting rice syrup in the confectionery industry as an ideal additive for flavoured sweets and in ice creams as a natural sweetener and as an agent to lower its freezing point owing to its anti-crystalline nature, high degree of sweetening and low freezing point. Thus, with the rising disposable incomes and growing consumer inclination towards processed food products, the industry is expected to receive a further boost.
Moreover, the growing production and cultivation of organic rice is supporting the industry growth as this ensures the continuous supply of raw material for the syrup industry. Also, the various initiatives taken by the governments across the nation to assist the farmers are providing a further push to the organic rice industry, which in turn, will aid the rice syrup industry globally. Over the forecast period, the technological advancements and new product launches are expected to aid the growth of the global market for rice syrup.
The report gives a detailed analysis of the following key players in the global rice syrup market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansion and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Nature |
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Breakup by Rice Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global rice syrup market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the growing application of the product in the food and beverage sector, growing vegan population, growing production and cultivation of organic rice, government initiatives, rising disposable incomes, growing consumer inclination towards processed food products, technological advancements, and new product launches.
The rising health awareness among consumers and the growing demand for natural or plant-based ingredients in various sectors are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific with Europe accounting for the largest share in the market.
The rice syrup industry, based on rice type, can be divided into brown rice and white rice.
The organic rice syrup segment is dominating the market over the conventional segment.
Rice syrup finds their major application in bakery and confectionery, beverages, desserts and dairy, infant formula, meat, poultry, and seafood, among others.
The major players in the industry are Habib Rice Products Ltd., Wuhu Deli Foods Co., Ltd., Lundberg Family Farms, Meurens Natural S.A., and California Natural Products, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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