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Global Rice Syrup Market – Industry Trends and Forecast to 2029

Food & Beverage

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Global Rice Syrup Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Rice Syrup Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 1.60 USD Billion
Diagram Market Size (Forecast Year) USD 2.27 USD Billion
Diagram CAGR %

Major Markets Players

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Global Rice Syrup Market By Type (Brown Rice, White Rice), Category (Organic, Conventional), Application (Bakery & Confectionary, Beverages, Desert & Dairy Products, Meat, Poultry & Seafood Products, Infant Formula, Others) – Industry Trends and Forecast to 2029

Rice Syrup Market

Market Analysis and Size

Product manufacturers are working hard to increase the production of organic foods. Following the coronavirus outbreak, there is a surge in demand for such products. Small and medium-sized product manufacturers are capitalizing on the growing trend of consuming packaged food items to establish their occurrence in the global market.

Data Bridge Market Research analyses that the rice syrup market was valued at USD 1.6 billion in 2021 and is expected to reach the value of USD 2.27 billion by 2029, at a CAGR of 4.46% during the forecast period of 2022 to 2029.

Market Definition

Rice syrup is made by fermenting rice and exposing it to natural enzymes, which convert the starch in rice into sugar. The liquid produced by this process is then heated and transformed into syrup.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Brown Rice, White Rice), Category (Organic, Conventional), Application (Bakery & Confectionary, Beverages, Desert & Dairy Products, Meat, Poultry & Seafood Products, Infant Formula, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Suzanne’s Specialties (U.S), Nature’s One, Inc. (U.S), Wuhu Deli Foods Co. Ltd. (China), Axiom Foods (U.S), California Natural products (U.S), Associated British Foods Plc (UK), Cargill, Incorporated (U.S), ADM (U.S), Wuhu Haoyikuai Food Co. Ltd. (China), GulshanPolyols Ltd. (India), Habib Rice Products Ltd. (Pakistan), Nature Bio-Foods Ltd. (Netherlands)

Opportunities

  • Growing demands from various end user industries
  • Manufacturers constant efforts for product development
  • Rising global consumption as well growing demand from fast food industry

Rice Syrup Market Dynamics

Drivers

  • Growing popularity for plant-based sweeteners

The demand for natural plant-based sweeteners is a major factor driving revenue opportunities for manufacturers in the global rice syrup market. The growing use of rice syrup in the food processing industry is expected to create value-added opportunities for manufacturers. Rice syrups are widely used in the food and beverage industries as a natural sweetener. This factor will most likely drive market growth in the coming years. Furthermore, innovative product offerings are expected to fuel the market in the near future, particularly in the United States, where rice syrup has recently been accepted as a natural sweetener. The growing popularity of rice syrup as a natural sweetener is driving product demand.

  • Rising popularity of convenience food products due to hectic lifestyle

Rapid urbanisation, changing food habits, rising popularity of packaged food items, and consumer awareness of clean label products are among the factors driving demand for rice syrups in developing economies. The rising popularity of convenience foods as a result of today's hectic lifestyle is a major factor increasing the growth of the rice syrup market. Rice syrup is increasingly being used to add texture to foods such as bakery and confectionary. Rice syrups have a long shelf life, which is another factor attracting food manufacturers to use them in packaged food items. To stay ahead of the global rice syrup market competition, market players are focusing on product development and innovative strategies.

Opportunity

During the COVID-19 pandemic, consumers are more concerned about their food. The rising number of COVID-19 cases is expected to boost demand for natural and organic foods. Plant-based foods are in high demand among health-conscious consumers in developing countries. Due to rising global consumption, market stakeholders from various countries have been working tirelessly to increase the production of plant-based foods. Manufacturing companies in the food and beverage sector are using a strategic approach to generate lucrative revenue opportunities. Many health practitioners around the world use this low-calorie sweetener with high fructose content.

Restraints

However, factors such as the negative effects of the product could impede the growth of the rice syrup market during the forecast period.

This Rice syrup Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Rice syrup Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Rice Syrup Market

Following the recent COVID-19 outbreak, several major rice exporting countries enacted policies to ensure adequate domestic supply. Some countries have also halted awarding new contracts for rice exports in 2020. Mobility and logistics have been hampered by social distancing regulations, which have reduced rice availability in many countries' domestic markets and contributed to lower export volumes. As a result, the market for rice products and rice syrup has been severely impacted. Rice export prices rose sharply, as they had during previous price shocks, threatening the food security of countries that rely on rice imports. Although rice export restrictions were eased and quarantine measures were relaxed, rice prices in some regions continued relatively high, resulting in a decrease in rice product consumption.

Global Rice Syrup Market Scope

The Rice syrup Market is segmented on the basis of type, category and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Brown Rice
  • White Rice

Category

  • Organic
  • Conventional

Trade

  • Bakery and Confectionery
  • Beverages
  • Dessert and Dairy
  • Meat, Poultry, and Seafood
  • Instant Formula
  • Others

Rice Syrup Market Regional Analysis/Insights

The Rice syrup Market is analysed and market size insights and trends are provided by country, type, category and application as referenced above.

The countries covered in the Rice syrup Market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe is expected to dominate the global rice syrup market due to changes in consumer preferences toward healthier food products. The high demand for baked goods and confectionaries in Europe is expected to drive regional market growth. Furthermore, rising consumer demand for natural sweeteners in food products as well as the region's relatively high beverage consumption are driving market growth in Europe. North America is expected to have the highest CAGR in the rice syrup industry during the forecast period due to the rising consumption of snacks and baked goods as convenience foods. Growing awareness about the benefits of healthy eating is driving regional market growth, thanks to a variety of promotional campaigns launched by market participants.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Rice Syrup Market Share Analysis

The Rice syrup Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Rice syrup Market.

Some of the major players operating in the Rice syrup Market are:

  • Suzanne’s Specialties Inc. (U.S)
  • Nature’s One (U.S)
  • Wuhu Deli Foods Co. Ltd. (China)
  • Axiom Foods, Inc. (U.S)
  • CP Kelco Inc (U.S)
  • Associated British Foods Plc (UK)
  • Cargill, Incorporated (U.S)
  • ADM (U.S)
  • Wuhu Haoyikuai Food Co. Ltd. (China)
  • Gulshan Polyols Ltd. (India)
  • Habib Rice Products Ltd. (Pakistan)
  • Nature Bio-Foods Ltd. (Netherlands)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Future Market Value is expected USD 2.27 billion by 2029.
The market is growing at a CAGR of 4.46% during forecast period of 2022 to 2029.
On the basis of application, the Rice Syrup Market is segmented into Bakery & Confectionary, Beverages, Desert & Dairy Products, Meat, Poultry & Seafood Products, Infant Formula, Others.
The major players operating in the Rice Syrup Market are Suzanne’s Specialties (U.S), Nature’s One, Inc. (U.S), Wuhu Deli Foods Co. Ltd. (China), Axiom Foods (U.S), California Natural products (U.S), Associated British Foods Plc (UK), Cargill, Incorporated (U.S), ADM (U.S), Wuhu Haoyikuai Food Co. Ltd. (China), GulshanPolyols Ltd. (India), Habib Rice Products Ltd. (Pakistan), Nature Bio-Foods Ltd. (Netherlands).
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