Rice Syrup Market Size - By Rice Type (Brown Rice, White Rice), By Source (Organic, Conventional), By Application (Bakery & Confectionery, Dairy Products, Meat, Poultry, Seafood, Infant Formula) & Forecast, 2024 - 2032

Rice Syrup Market Size - By Rice Type (Brown Rice, White Rice), By Source (Organic, Conventional), By Application (Bakery & Confectionery, Dairy Products, Meat, Poultry, Seafood, Infant Formula) & Forecast, 2024 - 2032

Rice Syrup Market size is projected to witness over 4.5% CAGR from 2024 to 2032, driven by the increasing interest in natural sweeteners. Consumers are turning to rice syrup due to its lower glycemic index and perceived health benefits. Food manufacturers are also incorporating this syrup into various products for catering to health-conscious consumers. With rising R&D efforts, the product demand role in the food industry will further evolving for enhancing nutritional profile and application versatility. According to IBISWorld, the rate of health consciousness in Australia is projected to increase by 0.1% during 2023-24, reaching 111.4 index points. This drift is driving the demand for alternatives like rice syrup to render lower glycemic index and perceived health benefits in food products.

The overall market is segregated into rice type, source, application, and region.

In terms of type, the brown rice syrup market is expected to record significant CAGR from 2024 to 2032. Brown rice, known for its nutritional value and fiber content is utilized to produce rice syrup, to meet the rising popularity in health-conscious diets. Food manufacturers are incorporating brown rice into syrup production processes to respond to consumer demand for healthier alternatives to refined sugars, further underscoring the shift towards sustainable and health-oriented food choices.

By application, the rice syrup industry from the dairy products segment is projected to rise from 2024 to 2032, driven by increasing adoption in yogurt, ice cream, and flavored milk for enhancing their sweetness without the use of refined sugars. Manufacturers are increasingly incorporating rice syrup due to its clean label appeal and perceived health benefits. With ongoing research exploring its potential to replace other sweeteners, the presence rice syrup in dairy is expected to grow steadily as consumer preferences shift towards healthier and more natural ingredients

Regionally, the North America rice syrup market size is projected to exhibit robust growth between 2024 and 2032, fueled by increasing adoption of vegan and plant-based diets as well as the rising demand for clean label products. Consumers are increasingly choosing rice syrup as a natural sweetener in vegan dairy alternatives, cereals, and snacks, driven by its plant-based origin and clean label appeal. Additionally, food manufacturers are integrating rice syrup into new product formulations to meet the growing demand for clean label ingredients in the North America.