About Rice Syrup
Rice syrup also called rice malt is a sweetener which is derived from brown rice. Its process involves fermenting brown rice, breaking the starches down with certain enzymes, and then reducing the substance until it reaches a syrup-like consistency. Broken down rice syrup is basically pure glucose. The rice syrup can be found in many organic and health food products, such as breakfast cereal and snack bars, as an alternative to white sugar, high-fructose corn syrup, and artificial sweetener.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Rice Syrup market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wuhu Deli Foods (China), Axiom Foods (United States), Wuhu Haoyikuai Food (China), California Natural products (CNP) (United States), Cargill (United States), ADM (United States), ABF Ingredients (United Kingdom), Bharat Glucose Pvt. Ltd. (India), Shafi Gluco Chem (Pvt) Ltd (Pakistan) and Matco Foods Limited (Pakistan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are OM Foods Inc. (United States), Nature Bio-Foods Ltd (United States) and Windmill Organics Ltd. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Rice Syrup market by and Region.
On the basis of geography, the market of Rice Syrup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Rice Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Bakeries will boost the Rice Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Raw material, the sub-segment i.e. Brown Rice will boost the Rice Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Rice Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Health Consciousness Among the Individuals and Increasing Demand for Plant-Based Sweeteners
Market Growth Drivers:
Inclination of Consumers Towards the Natural Ingredients and Growing Urbanisation and Changing Lifestyle
Challenges:
Lack of Awareness Among the People
Restraints:
Side Effects After Consuming Rice Syrup May Affect the Market
Opportunities:
Rising Disposable Income and Rising Demand of Rice Syrup in Food Serving Industries
Market Leaders and their expansionary development strategies
In February 2024, Cargill and food tech leader ENOUGH, which produces fermented protein sustainably, are expanding their current partnership to further innovate nutritious and sustainable alternative meat and dairy solutions consumers crave. Cargill is investing in ENOUGH’s most recent (Series C) growth funding campaign and has signed a commercial agreement to use and market its fermented protein.
In March 2023, Pansari groupnhas launched its latest range of Syrups named Mojee at Asia’s biggest International Food and Hospitality fair Aahar-2023. The syrup will be available in 9 different flavours, including Mojito Mint, Bubblegum, Passion fruit, Blue Curacao, Green Apple, Grenadine, Peach, Watermelon, and Triple Sec. In addition, the brand has also showcased its complete range of Pansari Epicure B2B products, which includes Chefys , Shahsha Masala, fortified basmati, and cold-pressed oils.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.