About Organic Rice Syrup
With the Rising Health consciousness among Consumers and Increasing Health Diseases such as Diabetes, High blood pressure, and various heart diseases have resulted in finding the alternatives like Rice Syrup to conventional table sugar among the health-conscious consumers is one of the major factors that are driving the Global Organic Rice Syrup market. Rice syrup is defined as the processed form of cultured rice, wherein, the rice is fermented using enzymes such as beta- and alpha amylase, which helps in the breaking down of starch to simple sugar molecules such as glucose, fructose, and maltose. These sugars are further processed by protein fractioning and refining in order to extract sweetening agents from the malted rice. Organic rice syrup is a low-calorie sweetener which is used as an alternative to high fructose corn syrup. It is made by fermenting the organic rice which includes no synthetic agents, pesticides or fertilizers that make this syrup safe and acceptable to the people of all age groups.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.6% |
The market appears to be fragmented with numerous players who are involved in manufacturing Organic Rice Syrup based on consumers taste preferences and keeping in mind the health benefits provided by the Organic Rice Syrup. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Organic 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.
Suzanne’s Specialties (United States), Nature’s One, Inc. (United States), Wuhu Deli Foods Co. Ltd. (China), Axiom Foods Inc. (United States), California Natural products (CNP) (United States), ABF Ingredients (United Kingdom), Cargill Incorporated (United States), Archer Daniels Midland (United States), Wuhu Haoyikuai Food Co. Ltd.(China) and Gulshan Polyols Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bridgford Foods (United States), Hormel Foods (United States), PALLAS FOODS UC (Ireland), Smithfield Foodss (United States) and Ciranda Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Organic Rice Syrup market by Type (Brown Rice Syrup and White Rice Syrup), Application (Baking, Confectionery, Beverages processed foods, Dressing and spreads, Dairy products and Ice-creams) and Region.
On the basis of geography, the market of Organic 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Hypermarket will boost the Organic Rice Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Nutritive Sweetener as well as Food Additives in Emerging Countries and The Rising Population of People who are concerned of their Health.
Market Growth Drivers:
The Organic Rice Syrup is Considered a Nutritive Sweetener and acts as a rich source of protein content, resulting in high demand among consumers, Growing Health Consciousness among consumer for Organic Food Ingredients and products and Easy to Consume as it is free from Pesticides or Fertilizers or Chemicals.
Challenges:
Arsenic has been found in baby formula, cereal bars and other foods that use Organic Brown Rice Syrup as a sweetener, a finding that challenges assumptions for the consumers to opt or not for Organic Rice Syrup.
Restraints:
Alternatives used for Organic Rice Syrup like maple syrup may hamper the growth of the market.
Opportunities:
Increasing Demand in the Food Servicing Industry for Organic Rice Syrup by the Consumers is Providing an Opportunity for this market.
Market Leaders and their expansionary development strategies
In February 2021, Briess Malt & Ingredients Co. launched a new organic rice syrup, which is made from 100% organic brown rice and is gluten-free and Non-GMO Project Verified.
In June 2021, Batory Foods launched a new organic brown rice syrup, which is Non-GMO Project Verified, certified organic, and gluten-free. This syrup has multifunctional properties and has led additives and preservatives.
Key Target Audience
Rice Manufacturers, Government and Regulatory bodies, Food industry, Distributors, Organic Syrup Manufacturers and Suppliers and Traders
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.