Rice Syrup Market is Anticipated to Increase at a CAGR of Around 4.5% by 2032

Global demand for rice syrup (volume) enjoyed year-on-year (YoY) growth of 2.9% in 2021 to reach 307.6 kilo tons. Overall, rice syrup market is predicted to increase at a CAGR of 4.5% and reach a market valuation of US$ 1.09 Bn by the end of 2032.

Europe has inevitably remained a big consumer of packaged products, with a majority of its working population consuming packaged food products. These packaged cereal and energy bars, ice creams, and desserts have remained the primary consumers of HFCS and glucose syrups acting as a sweetening agent.

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Key Takeaways from Organic Rice Syrup Market Study:

  • North America is anticipated to generate about 24.2% of the organic rice syrup market share in 2022.
  • Europe organic rice syrup market is estimated to hold nearly 26.9% of share by the end of 2022.
  • Top 3 countries in the global organic rice syrup market are projected to account for approximately 31.2% of share during the evaluation period.
  • By distribution channel, the online retail segment is expected to generate the lion’s share with entry of numerous start-up e-commerce companies.
  • In terms of application, bakery and confectionary segment are expected to hold significant share in the global organic rice syrup market

Competitive landscape:

ABF Ingredients Ltd., Axiom Foods Inc., Bharat Glucose Pvt. Ltd., California Natural Products Inc., Cargill Incorporated, Ciranda, Gehl Food, Glucorp, GoMacro LLC, Gulshan Polyols Ltd., Habib Rice Products Ltd., IFPC, Lundberg Family Farms, Matco Foods Limited, Nature Bio-Foods Ltd, naVitalo, Om Foods Inc., Shafi Gluco Chem (Pvt) Ltd, Sweet Additions, Windmill Organics Ltd., Wuhu Deli Foods Co. Ltd., and Wuhu Haoyikuai Food Co. Ltd. are major suppliers of rice syrup.

·         In October 2021, ADM announced plans to invest in a biotechnology company – Acies Bio.

·         In September 2021, ADM entered into an agreement to acquire 75% stake in PetDine, Pedigree Ovens, The Pound Bakery and NutraDine (P4 Companies).

·         In January 2021, ADM signed a contract to acquire Soja Protein.

·         In September 2021, Natural Bio Foods announced the inauguration of its futuristic organic food processing plant, focused towards organic rice processing, and it also announced its aim to revitalizes India’s rural communities while bringing organic products to the world.

Tier-1 market players have remained active in term of overall investments being done in the rice syrup market, and are profoundly looking forward to create future revenue generating opportunities in target markets. Tier-2 players have also been following suit by silently reducing their margins in order to target the price-sensitive and growing market in the Asian sub-continent.

Key Segments in Rice Syrup Industry Analysis:

· By Product Type:

·         Conventional Rice Syrup

·         Organic Rice Syrup

· By Dextrose Equivalent (DE):

·         28 DE

·         42 DE

·         45 DE

·         60 DE

· By Source:

·         White Rice

·         Brown Rice

· By Function:

·         Natural Sweeteners

·         Binders/Stabilizers/Thickeners

·         Humectants

·         Others

· By Maltose Content:

·         Low Maltose (<36 g/100g) Rice Syrup

·         High Maltose (>36 g/100g) Rice Syrup

· By Form:

·         Solid Rice Syrup

·         Liquid Rice Syrup

· By Application:

·         Food & Beverages

·         Food

·         Bakeries

·         Confectioneries

·         Ice Creams & Desserts

·         Dairy Products

·         Meat, Poultry and Seafood

·         Cereal & Energy Bars

·         Beverages

·         Nutrition

·         Nutraceuticals & Supplements

·         Infant Formula

·         Pharmaceuticals

· By Region:

·         North America

·         Latin America

·         Europe

·         East Asia

·         South Asia & Oceania

·         Middle East & Africa

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How will be insights and market estimations provided in the Fact.MR report on the Demand of Rice Syrup make a difference?

·         The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions

·         The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period

·         The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets

·         Provides scrutiny of the industry trends that have shaped recent government policies

·         Provides an account of major breakthroughs in all segments that might change the course of the market considerably

·         Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Rice Syrup  Market

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