Rice Syrup Market Size, Share, And Trends By Raw Material (Brown Rice, White Rice), By Source (Conventional, Organic), By End-Use (Beverage, Dairy, Bakery, Others), And By Geography – Forecast From 2019 To 2024

The Rice syrup market is projected to grow at a CAGR of 6.13% during the forecast period, reaching a total market size of US$1,081.161 million in 2024 from US$756.488 million in 2018. Rice Syrup is a sweetener that is produced by continuous cooking of rice starch with enzymes. The rising demand for natural products is expected to be a key driver for the rice syrups market. Further, the budding food and beverage industry is expected to add to the demand for rice syrups in the coming years. Furthermore, rising health consciousness among the population is anticipated to boost the market for rice syrups in the near future. Additionally, changing lifestyles along with rapid urbanization is a factor that is estimated to impact the demand for rice syrups positively. The low availability of rice syrup products is expected to compel manufacturers to launch new products which in turn are anticipated to widen the growth opportunity for the rice syrup market. The market has been segmented on the basis of raw material, source, end-use, and geography. Geographically, Asia Pacific is expected to grow at a substantial rate owing to the rapid urbanization, changing lifestyles along with the growing food & beverage industry in developing countries like India and China.

DRIVERS

Rising health consciousness.

Budding Food & Beverage industry.

Growing adoption of plant-based products

RESTRAINT

Availability of alternatives.

The major players profiled in the rice syrup market include Wuhu Deli Foods Co. Ltd., California Natural Products, Habib ADM Ltd., Matco Foods Limited, Bharat Glucose Pvt. Ltd., Nature Bio-Foods Ltd., Axiom Foods Inc.

Segmentation

The rice syrup market has been analyzed through the following segments:

• By Raw Material
  • Brown Rice
  • White Rice

• By Source
  • Conventional
  • Organic

• By End-Use
  • Beverage
  • Dairy
  • Bakery
  • Others

• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Others
  • Middle East and Africa
    • Israel
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the rice syrup market size by 2024?
A1. The rice syrup market is projected to reach a market size of US$1,081.161 million by 2024. 

Q2. What are the growth prospects for the rice syrup market?
A2. The global rice syrup market is projected to grow at a CAGR of 6.13% during the forecast period. 

Q3. What is the size of the global rice syrup market?
A3. Rice Syrup Market was valued at US$756.488 million in 2018. 

Q4. Which region holds the largest market share in the rice syrup market?
A4. The rising demand for natural products is expected to be a key driver for the rice syrups market. 

Q5. What factors are anticipated to drive the rice syrup market growth?
A5. Geographically, Asia Pacific is expected to grow at a substantial rate owing to the rapid urbanization, changing lifestyles along with the growing food & beverage industry in developing countries like India and China.