Rice Syrup Market Size and Growth Rate:
The Global Rice Syrup Market Size
is to reach USD XX.XX Million by 2023, with increasing at a CAGR of 3.8% during
the forecast time span period 2018-2023.
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Syrup Market @ https://www.researchcosmos.com/reports/rice-syrup-market/137085890
Rice Syrup Market Overview:
Rice syrup is
the liquefied and processed form of malted rice, which are treated by breaking
down the starch derived from the carbohydrates in the rice. Due to the presence
of an extreme concentration of starch, rice syrups are used as sweet enhancers
or sweeteners. As a natural sweetener, rice syrup has a huge application in the
food processing industry to add sweetness to any processed food. Rice syrup is
increasingly used in confectionaries, bakeries, beverages, dairy products,
dressings, and infant formulae, and food services such as restaurants, hotels,
and cafes.
Rice Syrup Market Growth Drivers and Restraints:
Due to the growing
health consciousness among consumers for organic food ingredients and products,
rice syrups are progressively being processed from organic rice. Rice syrup has
a mild-sweet taste, which enables its application in various baked goods and
beverages. It also gives a delicious flavour to meat, poultry, and seafood
dishes. In recent years, there has been a growth in the market, as some
bakeries have mutual use of rice syrup instead of regular sugar and chemical
sweeteners. Thus, it is expected that, there would be lucrative chances for
manufacturers in the bakery and beverage industries during the forecast period.
The demand for
clean label food has been witnessing considerable increase all over the world
in recent years. Growing consumer awareness regarding the health benefits of
products containing organic ingredients are stimulating the development of
clean label food products. As clean label ingredients are produced without
extreme addition of artificial ingredients and chemicals, and are minimally
processed, consumers show intense interest towards them, which is one the major
driving factors of the global rice syrup market.
In recent years,
rice syrup is progressively being used in infant nutrition as a healthy
substitute for breast milk for better digestion. Brown rice syrup can also help
treat watery stools in infants by encouraging better digestion and
supplementing satisfactory nutrition. As such, rice syrup is likely to have
wider opportunities in infant formulae during the forecast period.
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Rice Syrup Market Geographical Segmentation:
Geographically,
Asia Pacific is expected a significant compound annual growth rate in the global
rice syrup market, due to the growing consumption of processed foods containing
natural ingredients, and factors such as favourable trade policies and
regulations.
Key players of the Rice Syrup
Market:
Some of the major
players operating in organic rice syrup market include Suzanne’s Specialties,
Nature’s One, Inc., Wuhu Deli Foods Co. Ltd., Axiom Foods, Cargill
Incorporated, California Natural products (CNP), ABF Ingredients, Archer
Daniels Midland and Wuhu Haoyikuai Food Co. Ltd., Gulshan Polyols Ltd., and
others.
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