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Rice Syrup Market Size, Share, Industry Trends and Forecast to 2030

Rice Syrup Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.

  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Rice Syrup market share by regions

Rice Syrup market share by regions
Rice Syrup market growth chart
Rice Syrup Market Analysis

Rice Syrup Market Size & CAGR

The Rice Syrup market is projected to reach USD 5.2 billion by 2023 with a Compound Annual Growth Rate (CAGR) of 6.3%. The forecast growth rate from 2023 to 2030 is expected to be around 8.1%, driven by increased consumer awareness of natural sweeteners and the growing demand for clean-label products.

COVID-19 Impact on the Rice Syrup Market

The COVID-19 pandemic has had a significant impact on the Rice Syrup market. The lockdown measures and disruptions in the supply chain have affected the production and distribution of Rice Syrup products. However, as consumers become more health-conscious, there has been a shift towards natural and organic sweeteners, which has created opportunities for the Rice Syrup market to expand its product offerings.

Rice Syrup Market Dynamics

The Rice Syrup market is driven by factors such as the increasing preference for natural and clean-label sweeteners, the rise in consumer awareness regarding health and wellness, and the growing demand for organic food products. However, challenges such as the fluctuating prices of raw materials and regulatory constraints related to food labeling and safety standards pose constraints to market growth.

Segments and Related Analysis of the Rice Syrup market

The Rice Syrup market can be segmented based on product type, application, and distribution channel. Product types include brown rice syrup, white rice syrup, and organic rice syrup. Applications range from food and beverages to pharmaceuticals and personal care products. Distribution channels encompass supermarkets/hypermarkets, convenience stores, online retail, and specialty stores.

Rice Syrup market analysis report by Region

Asia Pacific Rice Syrup market report

The Asia Pacific region dominates the Rice Syrup market due to the presence of key rice-producing countries like China, India, and Thailand. The increasing disposable income, changing consumer preferences, and the growing food and beverage industry in this region drive market growth.

South America Rice Syrup market report

South America is a significant market for Rice Syrup, with countries like Brazil and Argentina leading the consumption of sweeteners. The demand for organic and natural food products in this region has fueled the growth of the Rice Syrup market.

North America Rice Syrup market report

North America is a mature market for Rice Syrup, with the United States being the largest consumer. The increasing adoption of plant-based diets, clean-label products, and non-GMO ingredients has contributed to the steady growth of the Rice Syrup market in this region.

Europe Rice Syrup market report

Europe is witnessing a growing demand for Rice Syrup, driven by consumer preferences for healthier and natural sweeteners. Countries like Germany, France, and the United Kingdom are key markets for Rice Syrup products in the region.

Middle East and Africa Rice Syrup market report

The Middle East and Africa region are emerging markets for Rice Syrup, with increasing urbanization, changing dietary habits, and a growing health-conscious population driving market growth. Countries like Saudi Arabia, UAE, and South Africa are experiencing a rise in the consumption of natural sweeteners like Rice Syrup.

Rice Syrup market analysis report by Technology

The Rice Syrup market is adopting advanced technologies for the production, processing, and packaging of Rice Syrup products. Technologies such as enzymatic hydrolysis, ultrafiltration, and pasteurization are being used to enhance the quality, taste, and nutritional value of Rice Syrup offerings.

Rice Syrup market analysis report by product

Rice Syrup products are categorized based on their color (brown, white) and processing methods (organic, conventional). Brown Rice Syrup is known for its rich flavor profile and darker color, while White Rice Syrup is lighter in color and milder in taste. Organic Rice Syrup is produced from organically grown rice without the use of synthetic chemicals or pesticides.

Rice Syrup market analysis report by Application

Rice Syrup finds applications in various industries such as food and beverages, pharmaceuticals, personal care products, and animal feed. It is used as a sweetening agent, binder, flavor enhancer, and preservative in a wide range of products.

Rice Syrup market analysis report by End-User

End-users of Rice Syrup products include commercial food manufacturers, bakeries, confectioneries, restaurants, households, and the healthcare sector. Each end-user segment has specific requirements and preferences for Rice Syrup products based on their applications and consumption patterns.

Key Growth Drivers and Key Market Players of Rice Syrup market and competitive landscape

The key growth drivers of the Rice Syrup market include the increasing consumer preference for natural and organic products, the rise in health consciousness, and the growing demand for clean-label sweeteners. Key market players operating in the Rice Syrup market include:

  • California Natural Products
  • Wild Heritage
  • Wuhu Deli Foods Co., Ltd.
  • Luzhou Bio-Chem Technology
  • RiceBran Technologies

Rice Syrup market trends and future forecast

The Rice Syrup market is witnessing trends such as product innovation, strategic partnerships, and investments in sustainable practices. The future forecast indicates a steady growth trajectory for the market, driven by the increasing adoption of natural sweeteners and the expanding applications of Rice Syrup in various industries.

Recent happenings in the Rice Syrup Market

  • California Natural Products launched a new line of organic Rice Syrup products, catering to the growing demand for clean-label sweeteners in the market.
  • Wild Heritage partnered with leading food manufacturers to develop customized Rice Syrup solutions for their products, expanding its market presence.
  • Wuhu Deli Foods Co., Ltd. introduced innovative packaging solutions for Rice Syrup products to enhance shelf-life and consumer convenience.
  • RiceBran Technologies invested in sustainable farming practices and green technologies to reduce its environmental impact and promote eco-friendly production methods.

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LEK Consulting

Related Industries

    Rice Syrup Market FAQs

    1. What is the market size of the Rice Syrup?

    The global rice syrup market size was valued at USD 1.27 billion in 2020 and is expected to reach USD 1.89 billion by 2026, growing at a CAGR of 6.8% during the forecast period.

    2. What are the key market players or companies in the Rice Syrup industry?

    Some of the key market players in the rice syrup industry include CJ CheilJedang, Habib-ADM Limited, Wuhu Deli Foods Co., Ltd., Windmill Organics Ltd., and California Natural Products.

    3. What are the primary factors driving the growth in the Rice Syrup industry?

    The primary factors driving the growth in the rice syrup industry include increasing consumer awareness about health concerns, rising demand for natural sweeteners, growth in the food and beverage industry, and the expanding vegan population.

    4. Which region is identified as the fastest-growing in the Rice Syrup?

    Asia Pacific is identified as the fastest-growing region in the rice syrup market, driven by the growing demand for natural ingredients and the increasing adoption of healthy food alternatives in countries like China, Japan, and India.

    5. Does ConsaInsights provide customized market report data for the Rice Syrup industry?

    Yes, ConsaInsights provides customized market report data for the rice syrup industry, tailored to meet the specific requirements and preferences of clients looking for detailed insights and analysis.

    6. What deliverables can I expect from this Rice Syrup market research report?

    From this rice syrup market research report, you can expect comprehensive analysis of market trends, market size and forecast, competitive landscape, key market players, growth drivers, challenges, opportunities, and strategic recommendations for businesses operating in the rice syrup industry.