Rice Syrup Market Size Was Valued at USD 752.60 Million in 2023 and is Projected to Reach USD 1079.56 Million by 2032, Growing at a CAGR of 4.09% From 2024-2032

Rice syrup typically known as rice syrup or rice malt, is a sugary sweetener synthetic by way of steeping cooked rice starch with saccharifying enzymes to interrupt down the starches, then filtering out the liquid and reducing it by way of evaporative heating till the desired consistency is attained. The enzymes employed inside the saccharification process are acquired either through adding sprouted barley grains to the rice starch (the conventional technique) or through adding natural enzyme isolates generated from microorganisms or fungal sources (the contemporary, industrialized method). The alteration of flour and starch within the present commercial manufacturing of brown rice syrup does not encompass the usage of synthetic chemicals.  

Active Key Players in the Rice Syrup Market:

  • Cargill Incorporated
  • Windmill Organics Ltd.
  • ABF Ingredients Ltd.
  • Nature Bio-Foods Ltd
  • Axiom Foods Inc.
  • Habib Rice Products Ltd.
  • Bharat Glucose Pvt. Ltd.
  • California Natural Products Inc.
  • Matco Foods Limited
  • Om Foods Inc.
  • Shafi Gluco Chem (Pvt) Ltd
  • Wuhu Deli Foods Co. Ltd.
  • Wuhu Haoyikuai Food Co. Ltd

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Market Dynamics And Factors For Rice Syrup Market

Growing Demand in the Food Service Industry

Rice syrup's global marketplace is being spurred using its growing use within the food service region, drastically inside the manufacturing of processed and baked objects. Because of the accelerated patron desire for organic or natural merchandise over synthetic ones, the world is seeing steady growth. Furthermore, with a growing vegan population, the demand for plant-primarily based additives is riding the rice syrup business in advance. Rice syrup is used within the production of food goods consisting of fruit drinks, smooth beverages, canned fruits, morning cereals, extruded or baked strength and sports activities bars, liquids, puddings, biscuits, and cakes, amongst others, to satisfy patron demand.

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Segmentation of The Rice Syrup Market:  

By Type

  • White Rice
  • Brown Rice

By Nature

  • Organic
  • Conventional

By Application

  • Bakery & Confectionery
  • Beverages, Dairy Products
  • Meat
  • Poultry & Seafood Products
  • Infant Formula
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Market Opportunities:

The growing large call for for rice syrup inside the beauty industry results in growing a moneymaking possibility. In cosmetics, rice syrup is significantly utilized by key players to fabricate cosmetics and private care merchandise on a huge scale. Hence, the global rice syrup market is predicted to seriously growth its revenue contribution over the forecast length. In addition, the rising usage of organic-based meals and products a number of the advanced and developing economies helps to grow market share for the organic rice syrup market within the projected length.

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  • Market forecast analysis through recent trends and SWOT analysis
  • Rice Syrup Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
  • Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
  • Rice Syrup Market Regional and country-level analysis that integrates demand and supply forces impacting the market's growth.
  • Competitive environment related to the Rice Syrup Market share for key players, along with new projects and strategies that players have adopted over the past five years

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