Rice Syrup Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Rice Syrup Market is segmented by rice type into brown rice and white rice, by origin into organic and conventional, by application into bakery and confectionery, beverages, dessert and dairy, meat, poultry, and seafood, instant formula, and others, and by geography into North America, Europe, Asia-Pacific, South America, and Africa.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Europe
CAGR: 4.1 %

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Market Overview

The Rice Syrup Market is estimated to grow at a CAGR of 4.1% in the forecast period. The market is likely to be driven by a number of factors such as a wide range of applications of rice syrup as an alternative sweetener and the increasing popularity of organic rice syrups. 

Growing demand for organic and natural sweeteners has been observed, owing to the increasing health consciousness among consumers and product developers. However, there are very few natural sweeteners available in the market right now. Due to this, it is expected that there will be launches of new products with natural ingredients, such as rice syrup, which is anticipated to drive the growth of the global rice syrup market during the forecast period. In Europe, rice syrup is the most preferred natural sweetener used in food processing industries.

Scope of the Report

Organic rice syrup is a low-calorie sweetener used as an alternative to high fructose corn syrup. It is made by fermenting the organic rice which includes no synthetic agents, pesticides or fertilizers that make this syrup safe and acceptable to the people of all age groups.

Rice syrup is increasingly used in confectionaries, bakeries, beverages, dairy products, dressings, and infant formulae, and food services such as hotels, restaurants, and cafes. Due to the increasing health consciousness among consumers for organic food ingredients and products, rice syrups are increasingly being processed from organic rice.

Rice Type
Brown Rice
White Rice
Origin
Organic
Conventional
Application
Bakery and Confectionery
Beverages
Dessert and Dairy
Meat, Poultry, and Seafood
Instat Formula
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Rising Cultivation of Organic Rice is Driving the Organic Syrups Market

Organic farming is rapidly gaining recognition worldwide as a promising means to offer healthier food and to ensure environmental sustainability. Currently, organic produce including organic rice is in huge demand owing to its potential to fetch a premium price in the global market. Organic rice is enriched with higher nutritional content and organic rice is grown under strict regulation imposed by government regulatory bodies such as USDA, European Commission, and other regulatory bodies. These regulations state that organically produced seeds for irrigation, no use of synthetic fertilizers and pesticides, and complete records of input and operation. Currently the demand for organic rice in the food and beverage industry in increasing with the robust growth rate. The rising organic rice production is simultaneously developing the organic rice syrup production as the rice industry readily supplies raw materials for the syrups industry. This is why there is likely to be significant growth in the organic segment of the market.

Rice Syrup Market1

Europe is to Dominate the Rice Syrup Market

Europe is forecasted to dominate the rice syrup market during the forecast period. The growing popularity of organic, natural, and healthy ingredients in the food is expected to be a potential driver for the growth of the rice syrup market in the region during the forecast period. Furthermore, several stringent regulations by the European Union (EU) over the distribution of rice syrup are imbibing a sense of confidence among the minds of health-conscious consumers, thereby fueling the sales of rice syrup in Europe.

Rice Syrup Market2

Competitive Landscape

The market is currently fragmented, and the degree of fragmentation will increase during the forecast period. Market vendors are adopting innovative technologies to manufacture high-quality rice syrups that will enable them to maintain and increase their customer base in the rice syrup market.

Though the accelerating growth momentum will offer immense growth opportunities, the rising popularity of substitutes will challenge the growth of the market participants. To increase their rice syrup market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Rice Type

      1. 5.1.1 Brown Rice

      2. 5.1.2 White Rice

    2. 5.2 Origin

      1. 5.2.1 Organic

      2. 5.2.2 Conventional

    3. 5.3 Application

      1. 5.3.1 Bakery and Confectionery

      2. 5.3.2 Beverages

      3. 5.3.3 Dessert and Dairy

      4. 5.3.4 Meat, Poultry, and Seafood

      5. 5.3.5 Instat Formula

      6. 5.3.6 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Wuhu Deli Foods Co., Ltd

      2. 6.3.2 Axiom Foods, Inc

      3. 6.3.3 California Natural Products, Inc

      4. 6.3.4 Cargill Incorporated

      5. 6.3.5 Associated British Foods PLC

      6. 6.3.6 Bharat Glucose Pvt Ltd

      7. 6.3.7 Shafi Gluco Chem (Pvt) Ltd

      8. 6.3.8 Matco Foods Limited

      9. 6.3.9 Om Foods Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Global Rice Syrup Market market is studied from 2016 - 2026.

The Global Rice Syrup Market is growing at a CAGR of 4.1% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Cargill, Incorporated., California Natural Products, Inc, Axiom Foods, Inc., California Natural Products, Inc are the major companies operating in Global Rice Syrup Market.

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