Rice Syrup Market Size Projected To Reach US$ 928.4 million and Growing at a CAGR of 4.3% By 2028

Rice Syrup Market was valued at US$ 635.8 million in 2018 and is projected to reach US$ 928.4 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.


bhavesh shinde

9 months ago | 3 min read

According to our latest market study on “Global Rice Syrup Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Rice Type (Brown Rice, White Rice); Category (Organic, Conventional); Application (Bakery and Confectionary; Beverages; Dessert and Dairy Products; Meat, Poultry, and Seafood Products; Infant Formula; and Others); and Geography,” the market was valued at US$ 635.8 million in 2018 and is projected to reach US$ 928.4 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.The report highlights key factors driving the market growth along with prominent players and their developments in the market.

Rice syrup is a processed form of cultured rice. The rice is fermented using beta and alpha amylase enzymes that break down the starch content into simple molecules of sugar such as glucose, maltose, and fructose. Owing to the presence of excessive concentration of starch, the rice syrup finds its application as sweeteners or sweet enhancers in food processing. However, the processing and refining processes hamper the nutritional value of this product. The market is driven by the wide application of rice syrup as an alternative sweetener. Rice syrup is available as a liquid nutritive sweetener solution. In addition, an upsurge in the popularity of organic rice syrup due to the growing health-consciousness among consumers also drives the market growth.

A significant shift in the consumer taste and preferences are causing a major shift in the food & beverage industry, and accordingly, manufacturers are striving to reinvent their product offerings so as to meet up the expectations of the changing and trending consumer preferences. Rice syrups have gained acceptance in several dairy & frozen desserts products such as frappes, flavored milk, smoothies, milkshakes, yogurts, whipped creams, and others. The growth of the dairy sector in developed and developing countries is driving the growth of the rice syrup market. The dairy industry has become an important part globally and is projected to grow at a significant pace over the projected period. This factor is forecast to boost the demand for rice syrups in the near future. The dairy sector is flourishing in the developed and developing countries such as Turkey, New Zealand, the UK, France, Russia, Germany, India, Brazil, China, and the United States. The overall rise in the production of dairy and dairy products and the surging demand for dairy-based products is anticipated to bolster the demand for rice syrups globally. In the wake of a healthy lifestyle, consumers are looking forwards to such a form of dairy products that are healthy as well as tasty, which has increased the demand for rice syrup market. Rice syrups are used in milk smoothies and milkshakes as a taste enhancer and sweeteners. Therefore, with the growing demand for dairy-based products, the market for rice syrup is expected to rise.

The global rice syrup market is segmented into five regions— North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America. Asia Pacific accounted for the largest share of the global rice syrup market in 2018, followed by the North America and Europe.

The market for global animal feed is concentrated with some very well-established players. Archer Daniels Midland Co., Cargill Inc., Evonik Industries AG, ForFarmers N.V., and Land O'Lakes, Inc., Guangdong Haid Group Co. Ltd, New Hope Group Co. Ltd, Nutreco NV, and Perdue Farms, Inc. are some of the major key players operating in the global animal feed market.

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bhavesh shinde







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