Global Rice Syrup Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Rice Syrup Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Rice (malt) syrup, also known as rice syrup or rice malt, is a sweetener which is rich in compounds categorized as sugars and is derived by culturing cooked rice starch with saccharifying enzymes to break down the starches, followed by straining off the liquid and reducing it by evaporative heating until the desired consistency is reached.

Market Overview:

The latest research study on the global Rice Syrup market finds that the global Rice Syrup market reached a value of USD 1229.03 million in 2022. It’s expected that the market will achieve USD 1360.65 million by 2028, exhibiting a CAGR of 1.71% during the forecast period.

Drivers

China dominates the global rice syrup market. The development of agriculture and the advancement of food processing technology have promoted the product innovation of rice syrup in the region. Due to economic development, people pay more attention to health issues and the demand for healthy foods increases. These factors have contributed to the growth of the rice syrup market.

The European region is economically developed and people focus on healthy eating. It is currently an important consumer market. In the future, strong downstream demand will continue to promote the growth of rice syrup in this region.

In North America, due to eating habits, more sugar is consumed. In recent years, the increase in health conditions such as diabetes, heart disease and high blood pressure has led to the introduction of alternatives to traditional sugar. Consumers in North America are looking for healthier sugar substitutes. These factors have led to an increase in demand for rice syrup.

Due to the increasing demand for nutritive sweeteners and food additives in the region, Latin America, the Southeast Asia are expected to experience considerable growth in the near future.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:

JiangXi HengDing Food Co.,Ttd is one of the major players operating in the Rice Syrup market, holding a share of 8.65% in 2018.

Jiangxi Hengding Food Co., Ltd. is located in Fengcheng High-tech Industrial Park, Jiangxi Province, and is mainly engaged in the deep processing of rice and grain coarse grains.

Products group of the Wuhu Deli Foods Co., Ltd. contains honey and bee products, syrup products, rice protein and tomato products. Mainly exporting the Middle East, Africa, Europe, the United States, Southeast Asia and other markets,

Segmentation Overview:

Among different product types, Certified Organic Rice segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Confectionery segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Rice Syrup market covered in Chapter 3:

Wuhu Deli Foods
Shafi Gluco Chem
Habib-ADM
JiangXi HengDing Food Co., Ttd
The Taj Urban Grains
Khatoon Industries
Anhui Shunxin Shengyuan Biological Food
Malt Products Corporation
Wuhu Haoyikuai Food
Axiom Foods
Meurens
Gulshan Polyols Limited
Cargill
Gehl Foods (CNP)
Northern Food Complex
MATCO FOODS LIMITED

In Chapter 4 and Chapter 14.2, on the basis of types, the Rice Syrup market from 2018 to 2029 is primarily split into:

Brown Rice
White Rice
Certified Organic Rice

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Rice Syrup market from 2018 to 2029 covers:

Confectionery
Processed Foods
Dairy Products
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)