The size of the global rice syrup market is expected to be worth USD 1.83 billion in 2024 and grow at a CAGR of 4.15% from 2024 to 2032 to achieve USD 2.53 billion by 2032.
Rice Syrup is a sweetener made from rice. the malted grain syrup contains sugars such as maltose, maltotriose, and glucose. It is made by fermenting organic rice with saccharifying enzymes to break down the starches, followed by straining off the liquid and heating it until desired consistency is achieved. The process doesn't contain any synthetic agents making the syrup suitable for all ages. It is a low-calorie sweetener and hence considered healthier and more suitable than many other sweeteners. Rice syrup also has wide applications in confectionery, bakery, beverages, infant formula, and food service industries such as hotels, restaurants, and coffee shops.
Growing adoption of rice syrup as a sweetener
The growing prevalence of diabetes, heart complications, and high blood pressure in people is rising the demand for the rice syrup market. This is a low-calorie with high fructose content sweetener. Thus, various practitioners are recommending replacing their synthetic high-glucose sweetener with rice syrup. These factors are driving the rice syrup market during the forecast period. The rise in demand for clean-label products and also manufacturers replacing synthetic sweeteners with rice syrup to cater to the needs of health-conscious people is propelling the market growth. Further rice syrup has wide applications in the food processing industry and food services industry. Hence these factors are responsible for the growing popularity of the rice syrups market during the forecast period.
Rice syrup has no internationally recognized preparation processes. Complying with different standards around the globe would be problematic for the manufacturers. Further few research reports state that the product can have a negative impact on consumers. These factors can impede the rice syrup market. In addition factors like increasing competition, innovation of new flavors, fluctuating raw material prices, and increase in production prices can hamper the growth of the rice syrup market
The growing demand for natural and organic sweeteners is providing a lucrative opportunity to the market. Many manufacturing companies are venturing into this market and launching new products containing rice syrup as a sweetener. This offers numerous opportunities to the rice syrup market. further plant-based food products are highly demanded by emerging countries. Hence Market stakeholders are increasing the production of plant-based products, this is generating huge opportunities. further, the demand for clean-label products is also increasing substantially all around the world. clean label products are produced with minimal processing this is driving the people's interest in the products. In Addition, companies are doing research and formulating new products that satisfy consumer demands.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 – 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 - 2032 |
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CAGR |
xx% |
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Segments Covered |
By Rice Type, Application, Category and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Suzanne’s Specialties, Nature’s One, Wuhu Deli Foods, California Natural Products, ABF Ingredients, Cargill Incorporated, Archer Daniels Midland, Wuhu Haoyikuai Food, GulshanPolyols, Habib Rice Products, Lundberg Family Farms, Meurens Natural S.A., California Natural Products and Others. |
The Brown rice segment has largely preferred over white rice in preparing syrup. Though brown rice syrup also contains a high amount of sugar, it is mostly used by consumers. Further, it is also used as an organic sweetener in food processing industries such as bakery products like cookies, cakes, and pudding, and in the beverage industry such as soft drinks. These factors are driving the rice syrup market growth during the forecast period.
The Organic segment holds the largest market revenue in the rice syrup market during the forecast period. The rising health consciousness among consumers is driving market growth. Further, organic syrups are naturally prepared, gluten-free, and suitable for vegan diets. moreover, manufacturers are using organic rice syrup as a sweetener to cater needs of health-conscious consumers. Furthermore, organic rice syrup is healthier than corn syrup and is used in high-temperature making. These factors are driving the rice syrup market expansion.
The Bakery and Confectionery segments are anticipated to generate the largest market revenue in the rice syrup market during the forecast period. The rice syrup has a mild caramel flavor used in bakery products such as cookies, pies, cakes, and puddings. The other added benefit is it improves the texture of baked products. The rice syrup is also used as a sweetener in the confectionery industry. Further, a rise in the consumption of bakery and confectionery products around the globe is projected to fuel the growth in the market.
The European region dominates the rice syrup market and is anticipated to record the largest revenue during the forecast period. The change in consumer preferences toward nutritious and healthy foods is driving the market in the region. Further, demand for natural sweeteners in baked products is also fuelling the market growth. Moreover, the demand for rice syrup across households as a healthy syrup in their breakfast is positively contributing to the growth of the market in the region. Following growth is observed in the North American region during the forecast period. Several driving factors such as growing awareness for healthy foods and a rise in consumption of snacks and baked goods with rice syrup as an ingredient are propelling the market growth.
The global rice syrup market is concentrated with well-established players. Key players in the market include Suzanne’s Specialties, Nature’s One, Inc., Wuhu Deli Foods Co. Ltd., Axiom Foods, California Natural Products (CNP), ABF Ingredients, Cargill Incorporated, Archer Daniels Midland, Wuhu Haoyikuai Food Co. Ltd., GulshanPolyols Ltd., Habib Rice Products Ltd., Lundberg Family Farms, Meurens Natural S.A. and California Natural Products
Frequently Asked Questions
Suzanne’s Specialties, Nature’s One, Inc., Wuhu Deli Foods Co. Ltd., Axiom Foods, California Natural Products (CNP), ABF Ingredients
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