Rice Syrup Market worth USD xx million by 2025

Posted by michael on June 14th, 2019

Rice Syrup Market Size and Growth Rate:

The Global Rice Syrup Market Size is to reach USD XX.XX Million by 2023, with increasing at a CAGR of 3.8% during the forecast time span period 2018-2023.

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Rice Syrup Market Overview:

Rice syrup is the liquefied and processed form of malted rice, which are treated by breaking down the starch derived from the carbohydrates in the rice. Due to the presence of an extreme concentration of starch, rice syrups are used as sweet enhancers or sweeteners. As a natural sweetener, rice syrup has a huge application in the food processing industry to add sweetness to any processed food. Rice syrup is increasingly used in confectionaries, bakeries, beverages, dairy products, dressings, and infant formulae, and food services such as restaurants, hotels, and cafes.

Rice Syrup Market Growth Drivers and Restraints:

Due to the growing health consciousness among consumers for organic food ingredients and products, rice syrups are progressively being processed from organic rice. Rice syrup has a mild-sweet taste, which enables its application in various baked goods and beverages. It also gives a delicious flavour to meat, poultry, and seafood dishes. In recent years, there has been a growth in the market, as some bakeries have mutual use of rice syrup instead of regular sugar and chemical sweeteners. Thus, it is expected that, there would be lucrative chances for manufacturers in the bakery and beverage industries during the forecast period.

The demand for clean label food has been witnessing considerable increase all over the world in recent years. Growing consumer awareness regarding the health benefits of products containing organic ingredients are stimulating the development of clean label food products. As clean label ingredients are produced without extreme addition of artificial ingredients and chemicals, and are minimally processed, consumers show intense interest towards them, which is one the major driving factors of the global rice syrup market.

In recent years, rice syrup is progressively being used in infant nutrition as a healthy substitute for breast milk for better digestion. Brown rice syrup can also help treat watery stools in infants by encouraging better digestion and supplementing satisfactory nutrition. As such, rice syrup is likely to have wider opportunities in infant formulae during the forecast period.

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Rice Syrup Market Geographical Segmentation:

Geographically, Asia Pacific is expected a significant compound annual growth rate in the global rice syrup market, due to the growing consumption of processed foods containing natural ingredients, and factors such as favourable trade policies and regulations.

Key players of the Rice Syrup Market:

Some of the major players operating in organic rice syrup market include Suzanne’s Specialties, Nature’s One, Inc., Wuhu Deli Foods Co. Ltd., Axiom Foods, Cargill Incorporated, California Natural products (CNP), ABF Ingredients, Archer Daniels Midland and Wuhu Haoyikuai Food Co. Ltd., Gulshan Polyols Ltd., and others.

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Joined: April 4th, 2019
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