Global Rice Syrup Market- WishTree Insight

Global Rice Syrup Market by Type (White Rice and Brown Rice), Category (Conventional and Organic), Application (Food & Beverages, Bakery & Confectionery, and Others), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Rice Syrup market size was valued at USD 1.8 billion in 2022 and is expected to surpass USD 2.54 billion by 2032, expanding at a CAGR of 4.5 % during the forecast period, 2022–2032. The market's growth is attributed to the growing demand for natural sweeteners, versatile applications of rice syrup, its sustainability, and clean-label food products.

INTRODUCTION

Rice syrup is a natural sweetener prepared from rice. Rice syrup is also considered to be a healthier alternative to traditional sweeteners, as it contains some of the nutrients present in rice such as higher amounts of fiber, vitamins, and minerals. Brown rice is considered to be a healthier option compared to white rice.

With the increasing awareness about the health benefits of organic and natural products, consumers are increasingly shifting towards healthier alternatives to traditional sweeteners. Brown rice syrup is a natural and organic sweetener that is gaining popularity among health-conscious consumers. Brown rice syrup is a gluten-free and non-allergenic sweetener, making it suitable for consumers with gluten intolerance or allergies to common allergens such as soy and dairy.

Brown rice syrup can be used as a sweetener in a variety of food and beverage applications, such as baked goods, confectionery, beverages, and dairy products. Its neutral flavor profile also makes it a versatile ingredient that can be used in combination with other sweeteners and flavors. Brown rice syrup is produced using rice that is typically grown using sustainable agricultural practices. Additionally, the production process of brown rice syrup generates less waste compared to other sweeteners, making it an environmentally friendly option.

Mergers and acquisitions have also been a significant trend in the rice syrup market, as companies seek to expand their business and product offerings. For instance, in May 2021, Axiom Foods, Inc. was acquired by Univar Solutions Inc., a global distributor of chemicals and ingredients.

Market Trends, Drivers, Restraints, and Opportunities

• Rising Demand for Natural and Organic Products is expected to propel the market.
• Growing Health Concerns are anticipated to boost the demand for rice syrup.
• Gluten-Free and Non-Allergenic nature of rice syrup is making it popular among the consumer thus increasing the demand for the product.
• Increasing demand for natural sweeteners is driving the global rice syrup market growth.
• Growing preference for organic and non-GMO products is propelling the demand for rice syrup in the market.
• Increasing the Vegan and Vegetarian Population is expected to augment the market growth.

Scope of the Report

Market Segment Insights

The brown rice segment is projected to register a considerable CAGR

Based on type, the rice syrup market is divided into white rice and brown rice. The brown rice segment is expected to expand rapidly during the forecast period owing to its health benefits. However, the rice syrup segment is anticipated to hold a key share of the market in the coming years.

The conventional segment is expected to expand at a rapid pace

Based on category, the rice syrup market is divided into conventional and organic. The conventional segment is expected to expand rapidly during the forecast period.

The food & beverages segment is projected to register a considerable CAGR

On the basis of application, the rice syrup market is segregated into food & beverages, bakery & confectionery, and others. The food & beverages segment is projected to register a considerable CAGR during the forecast period.

Europe accounts for a key share of the market

In terms of regions, the rice syrup market is classified as APAC, Europe, North America, and LAMEA. The market of Europe is expected to constitute a key share of the market during the projected period owing to changes in consumer preferences towards healthier food products. However, the market of North America is anticipated to expand at a rapid pace during the forecast period owing to the rising consumption of snacks and baked goods as convenience food.

Competitive Landscape

Key players competing in the rice syrup market are Nature’s one (U.S.); Cargill, Incorporated (U.S.); Nature Bio-Foods Ltd. (Netherlands); Wuhu Haoyikuai Food Co. Ltd (China); Associated British Food PK (UK.).

FAQs

How much is the market worth?

The Rice Syrup market size was valued at USD 1.8 billion in 2022 and is expected to surpass USD 2.54 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 4.5%.

What are the key drivers of the market?

The market's growth is attributed to the growing demand for natural sweeteners, versatile applications of rice syrup, its sustainability, and clean-label food products.

What segments are covered in the Rice Syrup report?

The segments covered in the report are type (white rice and brown rice), category (conventional and organic), and application (food & beverages, bakery & confectionery, and others).

Mention which region is expected to hold the highest share of the Rice Syrup market.

The Europe region is expected to hold the highest share of the Rice Syrup market.

Which segment in application holds the largest market share in Rice Syrup by 2032?

The food & beverage segment holds the largest market share in Rice Syrup by 2032.

Mention the key players in the market.

Nature’s one (U.S.); Cargill, Incorporated (U.S.); Nature Bio-Foods Ltd. (Netherlands); Wuhu Haoyikuai Food Co. Ltd (China); Associated British Food PK (UK.).