Rice Syrup Market Size Worth $2.32 Billion By 2032 | CAGR: 3.60%
The global rice syrup market size is expected to reach USD 2.32 billion by 2032, according to a new study by Polaris Market Research. The report “Rice Syrup Market Share, Size, Trends, Industry Analysis Report, By Type (White Rice and Brown Rice); By Category (Organic, Conventional); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Market growth is attributed to the increasing demand for natural and organic sweeteners and the growing food and beverage industry. Growing urbanization and rising disposable income are key factors fuelling region’s growth.
The rising demand for plant-based ingredients with the growing vegan & vegetarian population and growth in the food and beverage industry is propelling the market. These drivers are leading to increased adoption of rice syrup in various food and beverage products, which is expected to fuel the growth of the market in the coming years. Demand for natural sweeteners and increasing health concerns associated with the high consumption of artificial sweeteners are driving the growth of the market.
Additionally, the growing preference for organic and non-GMO food products and the increasing applications of rice syrup in the food and beverage industry, and the growing popularity of sports nutrition products are further boosting the market growth.
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Demand for natural sweeteners has been increasing due to the rising health concerns associated with the high consumption of artificial sweeteners. Rice syrup is a natural sweetener that is gaining popularity as a healthier alternative to high-fructose corn syrup (HFCS) and other artificial sweeteners. Consumers are increasingly looking for organic and non-GMO food products, which has led to the growth of the organic rice syrup market. Manufacturers are also focusing on producing non-GMO rice syrups to cater to this demand.
Wide applications in the food and beverage industry are driving market growth. Rice syrup is used as a sweetener, binder, and thickener in various food and beverage products. The growth of the food and beverage industry, particularly in the region, is driving the growth of the market. The growing popularity of sports nutrition products is augmenting the market. Rice syrup is a key ingredient in sports nutrition products, such as energy bars and sports drinks, due to its high glycaemic index and fast absorption rate. The growth of the sports nutrition market is driving the demand for rice syrup.
Rice Syrup Market Report Highlights
- Brown rice segment is expected to witness the fastest growth in the global rice syrup market due to its high nutritional value and clean label.
- Food & beverage segment is anticipated to propel the market. The segment's growth is attributed to the wide range of applications of rice syrup in this industry.
- Asia Pacific holds the largest market share due to the high rice syrup consumption in this region, particularly in China and Japan.
- The global players include Natural Bio foods; Cargill; Matsutani Chemical; Batory Foods; Ciranda; Cheiljedang Corp.; Givaudan.
Polaris Market Research has segmented the rice syrup market report based on Type, Category, Application, and region:
Rice Syrup, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- White Rice Syrup
- Brown Rice syrup
Rice Syrup, Category Outlook (Revenue - USD Billion, 2019 - 2032)
- Organic
- Conventional
Rice Syrup, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Food & Beverages
- Bakery & Confectionery
- Dessert & Dairy
- Instant Formula
- Meat
- Others
Rice Syrup, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Rice Syrup Market Report Scope
| Report Attributes | Details |
| Market size value in 2024 | USD 1.74 billion |
| Revenue forecast in 2032 | USD 2.32 billion |
| CAGR | 3.60 % from 2024 – 2032 |
| Base year | 2023 |
| Historical data | 2019 – 2022 |
| Forecast period | 2024 – 2032 |
| Quantitative units | Revenue in USD billion and CAGR from 2024 to 2032 |
| Segments covered | By Type, By Category, By Application, By Region |
| Regional scope | North America, Latin America, Europe, Middle East & Africa, Asia Pacific |
| Key companies | Natural Bio foods; Cargill; Matsutani Chemical Industry; Batory Foods; Ciranda; Cheiljedang Corp.; Givaudan |
| For Specific Research Requirements |
