Rice Syrup Market is a segment of the sweeteners industry that revolves around the production and consumption of rice syrup. Rice syrup is a natural sweetener derived from rice grains through a fermentation process. It is known for its mild flavor, smooth texture, and high nutritional value.
The market size for rice syrup was estimated at USD 1.8 billion in 2022. The rice syrup market sector is predicted to expand from USD 1.8882 billion in 2023 to USD 2.76854 billion by 2032, displaying a compound yearly growth rate (CAGR) of 4.90% over the forecast period 2023 – 2032. The main market factors boosting market expansion are the rising demand for plant-based sweeteners with natural ingredients as well as organic and natural sweeteners.
Rice syrup has gained popularity as an alternative to traditional sweeteners such as sugar and corn syrup due to its perceived health benefits and versatility in various food applications. It is commonly used in the food and beverage industry as a sweetener, flavor enhancer, and thickening agent.
One of the key factors driving the growth of the rice syrup market is the increasing consumer demand for healthier and natural food products. Rice syrup is often considered a healthier option compared to refined sugars and artificial sweeteners because it contains essential nutrients like vitamins, minerals, and amino acids. It also has a lower glycemic index, making it suitable for individuals with diabetes or those looking to manage their blood sugar levels.
The rice syrup market caters to a wide range of industries, including bakery and confectionery, beverages, dairy products, and baby food. It is used in products like energy bars, granola, cereal bars, sauces, dressings, beverages, and more. The market is driven by the growing trend of clean label and organic food products, as rice syrup can be sourced from organic rice and is considered a natural ingredient.
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Market Segmentations:
Global Rice Syrup Market: By Company
• Wuhu Deli Foods
• Axiom Foods
• Wuhu Qinshi Tangye
• California Natural products (CNP)
• Cargill
• ADM
• ABF Ingredients (ABFI)
• Shafi Gluco Chem
• BHARAT GLUCOSE PVT
• SINGSINO GROUP
Global Rice Syrup Market: By Type
• Brown Rice
• White Rice
• Certified Organic Rice
Global Rice Syrup Market: By Application
• Confectionery
• Processed Foods
• Dairy Products
• Ice-creams
Global Rice Syrup Market: Regional Analysis
The regional analysis of the global Rice Syrup market provides insights into the market’s performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Rice Syrup market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Rice Syrup in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Rice Syrup in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Rice Syrup in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Rice Syrup in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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