Rice Syrup Market Research Report – Forecast till 2027

Rice Syrup Market Research Report Information by Rice Type (Brown, White), Category (Organic, Conventional), Application (Bakery & Confectionary, Dessert & Dairy Products, meat, poultry & seafood products, Infant Formula and others) and Region - Global Forecast till 2027

ID: MRFR/F-B & N/5937-HCR | October 2022 | Region: Global | 90 Pages         

Rice Syrup Market

Rice Syrup Market Size is anticipated to reach USD 2.34 Billion by 2030, registering a CAGR of 3.8% during 2020-2030.

Segmentation

By Rice Type Brown Rice White Rice
By Category Organic Conventional
By Application Bakery & Confectionary Beverages Dessert & Dairy Products Poultry & Seafood Products Infant Formula Others
By Region North America Europe Asia Pacific Rest Of The World

Key Players

  • Wuhu Deli Foods Co. Ltd (China)
  • Axiom Foods Inc. (US)
  • Wuhu Haoyikuai Food Co. Ltd (China)
  • California Natural Products Inc. (US)
  • Cargill Incorporated (US)
  • Associated British Foods Plc (UK)
  • Bharat Glucose Pvt. Ltd (India)
  • Shafi Gluco Chem (Pvt) Ltd (Pakistan)
  • Matco Foods Limited (Pakistan)
  • Om Foods Inc. (Canada)

Drivers

  • Demand For Plant-Based Sweeteners with Natural Components
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Rice Syrup Market Synopsis


Wide array of applications of rice syrup as an alternate sweetener is driving the Rice Syrup Market. Rice syrup is available as a liquid solution of a nutritive sweetener. Market players process rice syrup by starch hydrolysis, using rice as a raw material, purified and concentrated to form the required solids. It is an odorless and clear yellow viscous sweet syrup, which is further processed in the food and beverages industry and stored in an extremely hygienic environment.


The use of rice syrup depends particularly on food products which require high concentrations of invert sugars. Invert sugar is an edible mixture of glucose and fructose majorly used as a natural sweetener in bakery and confectionaries. Industrial benefits of rice syrup include low freezing point, high amount of sweetening compared to sucrose, and anti–crystalline properties. Growing number of vegan populations demanding plant-sourced ingredients in food have further driven the growth of Rice Syrup Market.


Segmentation


Rice Syrup Market has been segmented based on rice type, category, application, and region.


The global market has been classified, based on rice type, into brown rice and white rice.


The global market has been segmented, on the basis of category, into organic and conventional.


The application segment in the global rice syrup industry has been further divided into bakery & confectionary, beverages, dessert & dairy products, meat, poultry & seafood products, infant formula, and others.


The global rice syrup industry has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American Rice syrup market has further been segmented into the US, Canada, and Mexico.


The European rice syrup market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.


The rice syrup industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The rice syrup industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


Regional Market Summary


Global Rice Syrup Market Share (%), by Region, 2017


Rice Syrup Market


Source: Secondary Sources and MRFR Analysis


Globally, Europe is expected to dominate the rice syrup market due to change in consumer preference towards healthy food products. High consumption of baked products and confectionaries in Europe is expected to boost the regional market growth. Additionally, growing consumer preference for natural sweeteners in food products and relatively high beverage consumption in the region are further adding to the market growth in Europe.


North America is expected to register the highest CAGR in the rice syrup industry during the forecast period due to growing consumption of snacks and baked products as convenience food. Growing awareness about the benefits of healthy meal through several promotional campaigns by market players are further boosting the regional market growth.


Global Market, by Rice Type



  • Brown Rice

  • White Rice


Global Market, by Category



  • Organic

  • Conventional


Global Market, by Application



  • Bakery & Confectionary

  • Beverages

  • Dessert & Dairy Products

  • meat, poultry & seafood products

  • Infant Formula

  • Others


Global Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Key Players in the Global Market



  • Wuhu Deli Foods Co., Ltd (China)

  • Axiom Foods, Inc. (US)

  • Wuhu Haoyikuai Food Co., Ltd (China)

  • California Natural Products Inc. (US)

  • Cargill Incorporated (US)

  • Associated British Foods Plc (UK)

  • Bharat Glucose Pvt. Ltd (India)

  • Shafi Gluco Chem (Pvt) Ltd (Pakistan)

  • Matco Foods Limited (Pakistan)

  • Om Foods Inc. (Canada)


Intended Audience



  • Rice syrup processors

  • Commercial research and development institutions

  • Raw material suppliers and distributors

  • Agricultural associations and farmers

  • Traders, exporters, and importers



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