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Global Rice Syrup Market Size, Share, Revenue, Forecast: By Nature: Organic, Conventional; By Rice Type: Brown Rice, White Rice; By Application: Bakery and Confectionery, Beverages, Desserts and Dairy, Infant Formula, Meat, Poultry, and Seafood, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
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.
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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.
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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.
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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:
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| Breakup by Nature |
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| Breakup by Rice Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rice Syrup Market Analysis
8.1 Key Industry Highlights
8.2 Global Rice Syrup Historical Market (2018-2023)
8.3 Global Rice Syrup Market Forecast (2024-2032)
8.4 Global Rice Syrup Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Rice Syrup Market by Rice Type
8.5.1 Brown Rice
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 White Rice
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Rice Syrup Market by Application
8.6.1 Bakery and Confectionery
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Beverages
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Desserts and Dairy
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Infant Formula
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Meat, Poultry, and Seafood
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Rice Syrup Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Rice Syrup Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rice Syrup Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rice Syrup Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rice Syrup Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rice Syrup Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Habib Rice Products Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wuhu Deli Foods Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Lundberg Family Farms
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Meurens Natural S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 California Natural Products
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Rice Syrup Market: Key Industry Highlights, 2018 and 2032
2. Global Rice Syrup Historical Market: Breakup by Nature (USD Million), 2018-2023
3. Global Rice Syrup Market Forecast: Breakup by Nature (USD Million), 2024-2032
4. Global Rice Syrup Historical Market: Breakup by Rice Type (USD Million), 2018-2023
5. Global Rice Syrup Market Forecast: Breakup by Rice Type (USD Million), 2024-2032
6. Global Rice Syrup Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Rice Syrup Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Rice Syrup Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Rice Syrup Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Rice Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Rice Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Rice Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Rice Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Rice Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Rice Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Rice Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Rice Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Rice Syrup Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Rice Syrup Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Rice Syrup Market Structure
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.
Analyst Review
The global rice syrup market has been driven by the rising health awareness among consumers in the historical period. Aided by growing production and cultivation of organic rice and growing application of the product in the food and beverage sector, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 regional markets for rice syrup market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa with Europe accounting for the largest share in the market. 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.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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