The global rice syrup market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period. The increasing use of syrups in day-to-day life with breakfasts and other meals is increasing the demand of rice syrup. Consumer in emerging economies are investing high amount on organic food products with less or no sugar contain which is motivating market players to come up with new products with natural ingredients into it. And to accomplish this, the players are collaborating with other players to increase their production and product category. For instance, in June 2018, Ciranda, Inc., a global supplier of certified organic, non-G.M.O. and fair-trade ingredients, had partnered with Matco Foods Ltd., a rice exporter in Pakistan, to produce two types of sweeteners: organic brown rice syrup and organic clarified brown rice syrup. The partnership collaboration expanded Ciranda’s sweetener portfolio, which includes organic tapioca glucose and fructose syrups, organic honey, organic agave syrup, and inulin, as well as organic crystalline grape sugars.
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
- The market number available for – 2021-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Nature
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- California Natural Products, Archer Daniels Midland Company, Pioneer Industries Pvt. Ltd., Wuhu Deli Foods Co.Ltd., Gulshan Polyols Ltd., and others.
Rice Syrup Market Report Segment
By Type
- Brown Rice
- White Rice
By Nature
- Organic
- Conventional
By Application
- Bakery and Confectionery
- Beverages
- Dessert and Dairy
- Meat
- Poultry
- Seafood
- Instant Formula
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Rice Syrup Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
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