BusinessFood & Beverages

Rice Syrup Market Size to accrue $ 928.4 million by 2025

Selbyville, Delaware Global Rice Syrup Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Rice Syrup Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Rice Syrup market and provides information regarding the revenue for the period 2019 to 2027.

In terms of application spectrum, the market is divided into infant formula, meat, poultry & seafood products, dessert & dairy products, beverages, bakery & confectionery, and others. The bakery & confectionery segment held the largest industry share in 2018. Meanwhile, dessert & dairy products segment is likely to record a strong CAGR over the analysis timeframe, cites the report.

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Rice syrup is widely used in bakery products like muffins, cakes, and cookies, as well as in preparation of jellies, muffin gums, pancakes, and hard candies. It is an odorless clear yellow sweet syrup used for adding texture and viscosity while imparting stability to bakery & confectionery products. Rice syrup is also utilized for decorating food items as it provides lusciousness and shine, which is the key factor boosting the product demand in cafes and restaurants.

Rice syrup is obtained by fermenting cultured rice using alpha and beta amylase enzymes, which break down the starch present in the rice into molecules of sugar like fructose, maltose, and glucose. Pertaining to the excessive amount of starch present in rice, rice syrup is used as sweet enhancer or sweetener in food processing industry. Though, refining and processing of rice hampers its nutritional value, but its application as a sweetener is gaining traction. Increasing popularity of natural rice syrup among health conscious consumers is driving the growth of global rice syrup market.

Regionally, rice syrup industry is fragmented into Middle East & Africa, South America, Asia Pacific, Europe, and North America. Asia Pacific accounted to significant industry share in the year 2018. The growth is credited to expansion of food & beverage sector, along with rising health cognizance among the population in APAC.

The outbreak of COVID-19 pandemic and subsequent lockdown across various nations may have a negative impact on rice syrup market outlook. The pandemic has halted the operations of chemicals and materials industries. Shutdown of bakeries and confectionaries across various nations of the world will impede the market growth.

The leading organizations in global rice syrup market are Wuhu Deli Foods Company Limited, Windmill Organics Limited, Meurens Natural, Lundberg, Habib Rice Products Limited, Gulshan Polyols Limited, Cargill Inc., California Natural Products, Malt Products Corporation, and Axiom Foods Inc. among others.

Question and Answer: Global Rice Syrup Market

Q1) What factors are driving the growth of global rice syrup market?

Answer: Widespread usage of rice syrup as a sweetener, in consort with increasing health consciousness among consumers is driving the growth of global rice syrup market.

 

Q2) Why is rice syrup gaining popularity across bakery & confectionary sector?

Answer: Rice syrup is widely used in muffins, cakes, and cookies, as well as in preparation of jellies, muffin gums, pancakes, and hard candies as it adds texture & viscosity while imparting stability to bakery & confectionery products.

Q3) Which are the leading organizations in global rice syrup market?

Answer: The leading organizations in global rice syrup market are Wuhu Deli Foods Company Limited, Windmill Organics Limited, Meurens Natural, Lundberg, Habib Rice Products Limited, Gulshan Polyols Limited, Cargill Inc., California Natural Products, Malt Products Corporation, and Axiom Foods Inc. among others.

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