The global rice syrup market is anticipated to grow at a significant CAGR of 4.4% during the forecast period. Rice syrup is used as a sugar alternative in beverages, desserts, and dairy products. Brown rice syrups are most demanded by the consumers due to their health benefits and light sweet tasting. The brown rice syrup is a natural sweetener made from rice of Oryza Sativa (Asian Rice) origin, which is allergen-free. Brown rice syrup is also known as rice malt syrup. The increasing demand for plant-based sweeteners with natural components such as rice syrup among health-conscious consumers is the key factors surging its demand leading to market growth. Organic/plant-based rice syrup is considered a low-calorie sweetener and widely used as an alternative to high fructose corn syrup. The increasing adoption of rice syrup in the food and beverages industry for making beverages, snacks, breakfast cereal, and dairy products, and consumer inclination towards low sugar diet due to diabetes, high blood pressure which is increasing the demand of rice syrup among the consumers are the key factors for the growth of global rice syrup market during the forecast period.
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The demand for rice syrup has been decreased during COVID-19 due to trade restrictions and strict government regulations. Food processing industry halted their production due to which the market of rice syrup was declined. The production units were also closed and the distribution channels were also not operating due to which it was difficult for the consumers to purchase the rice syrup which leads to a decrease in growth of global rice syrup market. Post COVID-19 the demand for organic or plant-based syrups such as rice syrups is likely to consumer inclination towards adoption of organic products with natural ingredients.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Rice Syrup Market by Type
- Brown Rice
- White Rice
Global Rice Syrup Market by Nature
- Organic
- Conventional
Global Rice Syrup Market by Application
- Bakery and Confectionery
- Beverages
- Dessert and Dairy
- Meat
- Poultry
- Seafood
- Instant Formula
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Archer Daniels Midland Co.
- ABF Ingredients, Ltd.
- Axiom Foods Inc.
- Bharat Glucose Pvt. Ltd.
- California Natural Products (Gehl Foods, LLC.)
- Cargill Inc.
- Gulshan Polyols Ltd.
- Honest to Goodness
- Habib Rice Products Ltd.
- Istore Direct Trading Pvt. Ltd. (Urban Platter)
- Matco Foods Ltd.
- Nature Bio-Foods Ltd
- Om Foods Inc.
- Pioneer Industries Pvt. Ltd.
- Suzannes Specialties, Inc
- Shafi Gluco Chem (Pvt) Ltd
- Windmill Organics Ltd.
- Wuhu Deli Foods Co.Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global rice syrup market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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