Global Rice Syrup Market Insights Forecasts to 2033

• The Global Rice Syrup Market Size was Valued at USD 2.05 billion in 2023
• The Market Size is Growing at a CAGR of 4.88% from 2023 to 2033
• The Worldwide Global Rice Syrup Market is Expected to Reach USD 3.3 billion by 2033
• Asia-Pacific is expected to grow the fastest during the forecast period.

The Global Rice Syrup Market Size is anticipated to exceed USD 3.3 billion by 2033, growing at a CAGR of 4.88% from 2023 to 2033.

Market Overview

Rice syrup, sometimes referred to as brown rice syrup or rice malt syrup, is a common substitute for refined sugar. This is due to customers' increased awareness of their health; rice syrup is becoming more and more popular. Rice syrup has become popular as more people look for natural and healthful substitutes for refined sugar and high-fructose corn syrup. Its natural source of rice fits very nicely with the movement toward healthier, more natural food items. Furthermore, rice syrup's attractiveness has increased due to the growing popularity of vegan and organic goods, especially as it easily fits into the diets of people who shun animal products and favor non-GMO alternatives. The fact that rice syrup is gluten-free also makes it a desirable choice for people following gluten-free diets or those with celiac disease. Its market has grown as a result, especially in areas where gluten intolerance is more common. Its increasing demand might be attributed to its adaptability in the food and beverage business. This is because rice syrup has a moderate flavor and can improve texture, it is used in a variety of products, including cereals, baked goods, snacks, and drinks. This is due to its reputation as a healthy and safe sweetener, it is also increasingly being used in baby formula and nutritional supplements.

Report Coverage

This research report categorizes the market for the global rice syrup based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global rice syrup market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global rice syrup market.

Driving Factors

The rising demand for processed and convenience foods by the middle class is fueling the growth of the rice syrup industry in emerging nations. This tendency is more pronounced in areas like Asia-Pacific, where rice syrup is more widely consumed. More consumers are choosing sustainably derived items as a result of ethical and sustainability considerations. This is because it is hypoallergenic, rice syrup is a popular sweetener among people who must stay away from common allergies like honey. Customers are demanding transparency in the sourcing and processing of ingredients, which is driving a larger trend towards clean-label and allergy-free products. This need for clean-label products is well served by rice syrup, which is frequently perceived as being less processed and more natural.

Restraining Factors

The use of the word syrup on rice syrup's product label confuses consumers because people think it means artificial sweeteners or a lot of sugar. Adoption is hampered by this preconception, particularly for people who are actively trying to cut back on sugar. To lessen this perception issue, it becomes essential to clearly and transparently label products to distinguish natural rice syrup from other syrups. The supply chain is vulnerable in the rice syrup industry, especially when it comes to acquiring raw materials, in this case, rice.

Market Segmentation

The global rice syrup market share is classified into type, application, form, distribution channel

• The conventional rice syrup segment is expected to hold the largest share of the global rice syrup market during the forecast period.

Based on the type, the global rice syrup market is categorized as organic rice syrup and conventional rice syrup. Among these, the conventional rice syrup segment is expected to hold the largest share of the global rice syrup market during the forecast period. Conventional rice syrup is quite adaptable and can be used in a variety of food items, such as baked dishes, snacks, and drinks. It is a popular choice for many applications because of its moderate flavor and reliable quality, which increases demand. The demand for conventional rice syrup is increasing due to the continued popularity of processed and convenience meals, particularly in emerging nations. Its widespread use as a sweetener in these goods has led to a rise in consumption.

• The food & beverage segment is expected to hold the largest share of the global rice syrup market during the forecast period.

Based on the application, the global rice syrup market is categorized as food & beverage, infant formula, nutritional supplements, sauces & dressings, and others. Among these, the food & beverage segment is expected to hold the largest share of the global rice syrup market during the forecast period. Rice syrup is a perfect ingredient for a variety of items, such as baked goods, cereals, snacks, and beverages, due to its mild flavor and smooth texture. Its growing popularity in the industry can be attributed to its capacity to improve texture, moisture retention, and shelf life without overpowering other flavors. A natural sweetener with a reduced glycemic index, rice syrup is becoming more and more popular in the creation of different food and drink items.

• The powdered segment is expected to hold the largest share of the global rice syrup market during the forecast period.

Based on the form, the global rice syrup market is categorized as liquid and powder. Among these, the powdered segment is expected to hold the largest share of the global rice syrup market during the forecast period. It is simple to dissolve or incorporate rice syrup in powdered form into formulations, guaranteeing uniform sweetness and consistency in finished goods. Applications where consistency is essential, such as baking, snacking, and instant beverages, benefit from this improved solubility.

• The supermarkets & hypermarkets segment is expected to hold the largest share of the global rice syrup market during the forecast period.

Based on the distribution channel, the global rice syrup market is categorized as supermarkets & hypermarkets, convenience stores, online, and others. Among these, the supermarkets & hypermarkets segment is expected to hold the largest share of the global rice syrup market during the forecast period. To satisfy the varied tastes and requirements of its customers, supermarkets & hypermarkets usually carry a variety of rice syrup goods. Whether customers are searching for traditional rice syrups in liquid or powder form. This diversity improves the buying experience by enabling customers to compare various brands and goods in one location.

Regional Segment Analysis of The Global Rice Syrup Market.

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is expected to hold the largest share of the global rice syrup market during the forecast period.

North America is estimated to hold the largest share of the global rice syrup market during the forecast period. The growing consumer demand for healthier sweeteners is driving the rice syrup market. Rice syrup is a natural and nutrient-dense substitute for conventional sugars as people grow more health-conscious. It appeals because it is seen as a healthier substitute, fitting in with the local movement to emphasize well-being and a balanced diet. The market for rice syrup in North America is mostly driven by the clean label movement, which emphasizes openness and the use of natural ingredients. Products with identifiable, natural ingredients and little processing are becoming more and more popular among consumers in the area.

Europe is expected to hold the largest share of the global rice syrup market during the forecast period. Natural, lower-glycemic substitutes for refined sugars and high-fructose corn syrup are becoming more and more popular among health-conscious European customers. Given its natural origins and alleged health benefits, rice syrup fits in nicely with these dietary preferences.

Competitive Analysis

The report offers the appropriate analysis of the key organizations/companies involved within the global rice syrup market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• WaiLana
• Archer Daniels Midland Company (ADM)
• Nature Bio-Foods Ltd.
• ABF Ingredients (ABFI)
• Cargill, Incorporated
• Axiom Foods Inc.
• Khatoon Industries
• Wuhu Deli Foods Co., Ltd.
• Habib-ADM Limited
• California Natural Products
• Nature Bio-Foods Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global rice syrup market based on the below-mentioned segments:  

The Global Rice Syrup Market, By Type

• Organic Rice Syrup
• Conventional Rice Syrup

The Global Rice Syrup Market, By Application

• Food & Beverage
• Infant Formula
• Nutritional Supplements
• Sauces & Dressings
• Others

The Global Rice Syrup Market, By Form

• Liquid
• Powder

The Global Rice Syrup Market, By Distribution channel

• Supermarkets & Hypermarkets
• Convenience stores
• Online
• Others

The Global Rice Syrup Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa