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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Rice Syrup Market Outlook

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.

Rice Syrup Market

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Rising Demand for Organic Rice Syrup to Aid the Market Growth

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 Market Segmentation

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.

Rice Syrup Market By Segments

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The rice syrup industry, based on rice type, can be divided into:

  • Brown
  • White

On the basis of nature, the industry is segmented into:

  • Organic
  • Conventional

Rice syrup finds application in sectors like:

  • Bakery and Confectionery
  • Beverages
  • Desserts and Dairy
  • Infant Formula
  • Meat, Poultry, and Seafood
  • Others

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.

Rice Syrup Market By Region

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Rising Demand from the Food and Beverage Sector to Propel the Market Growth

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.

Key Industry Players in the Global Rice Syrup Market

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:

  • Habib Rice Products Ltd.
  • Wuhu Deli Foods Co., Ltd.
  • Lundberg Family Farms
  • Meurens Natural S.A.
  • California Natural Products
  • Others

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.

Key Highlights of the Report

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:

  • Nature
  • Rice Type
  • Application
  • Region
Breakup by Nature
  • Organic
  • Conventional
Breakup by Rice Type
  • Brown Rice
  • White Rice
Breakup by Application
  • Bakery and Confectionery
  • Beverages
  • Desserts and Dairy 
  • Infant Formula
  • Meat, Poultry, and Seafood
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Habib Rice Products Ltd.
  • Wuhu Deli Foods Co., Ltd.
  • Lundberg Family Farms
  • Meurens Natural S.A.
  • California Natural Products
  • Others
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*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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Key Questions Answered in the Report

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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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124