The global market for organic rice syrup is expected to grow at a compound annual growth rate (CAGR) of 4.3% over the next decade (2022–2032). The increasing adoption of organic rice syrups as a substitute sweetener in the food and beverage industry is anticipated to be a key driver for market expansion.

According to Fact.MR, the global organic rice syrup market is forecasted to reach US$ 1.16 billion by 2032. This growth can be primarily attributed to the growing health consciousness among consumers, leading to a preference for natural sweeteners worldwide.

There is a surging demand for plant-based sweeteners containing natural ingredients, which is expected to further boost market demand. Additionally, the rising utilization of organic rice syrup in the food processing industry, driven by increasing research and development (R&D) efforts to introduce innovative products, is another factor likely to fuel market growth.

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Moreover, the increasing demand for sugar alternatives globally, driven by the growing prevalence of diabetes, is expected to further stimulate market growth. According to data from the Center for Disease Control and Prevention (CDC), approximately 37.3 million people in the United States have diabetes, with nearly 8.5 million undiagnosed and 28.7 million diagnosed cases. Additionally, an estimated 26.4 million individuals aged 65 and above have prediabetes in the country.

The rising incidence of lifestyle disorders such as obesity, diabetes, and the consumption of fast food is anticipated to contribute to the demand for natural and organic sweeteners. Consequently, the market is expected to witness an increase in the demand for sweetener-based, sugarless, or low-calorie food and beverages as consumers seek to maintain a healthy diet.

Which Regional Markets are expected to Generate High Revenue for Organic Rice Syrup Manufacturers?

“High Use of Organic Food Products Driving Sales of Organic Rice Syrups in Europe”

In 2022, North America is anticipated to hold 24.2% of the global market share for organic rice syrup. The region boasts the largest market value share due to its extensive utilization of sugar substitutes. Following closely behind, Europe also commands a significant market value share, with the increasing consumption of organic foods being a primary driver. Europe is projected to capture 26.9% of the global market share in 2022.

Conversely, South and East Asia are poised to experience the most rapid market growth. This can be attributed to the higher per capita expenditure on food items in these regions, leading to increased adoption of newly emerging food ingredients in their products.

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Key Segments Covered in the Organic Rice Syrup Industry Survey

· By Raw Material: Brown Rice Syrup, White Rice Syrup

· By Application: Bakery, Confectionery, Beverages, Processed Foods, Dressing & Spreads, Dairy Products, Ice Cream

· By End Use: Household, Commercial

· By Distribution Channel: Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retailers, Others

· By Region: North America, Latin America, Europe, East Asia, South Asia & Oceania, MEA

· Competitive Landscape

The global organic rice syrup market is highly fragmented with the presence of a large number of key players. As per the study, key players are manufacturing premium-quality organic rice syrups to expand their customer base.

For instance,

  • In January 2022, Cargill, a renowned food corporation based in Minnesota, launched a new range of couverture chocolates and vegan chocolates. Its innovative brand, Chocolate ExtraVeganZa promises to provide an excellent sensorial experience by using organic rice syrup, sunflower kernel powder, and other plant-based ingredients.

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Key players in the Organic Rice Syrup Market

  • Suzanne’s Specialties
  • Nature’s One, Inc.
  • Wuhu Deli Foods Co. Ltd.
  • Axiom Foods
  • California Natural Products (CNP)
  • ABF Ingredients
  • Cargill Incorporated
  • ADM

Key Takeaways from Organic Rice Syrup Market Study

  • North America is anticipated to generate about 24.2% of the organic rice syrup market share in 2022.
  • Europe organic rice syrup market is estimated to hold nearly 26.9% of share by the end of 2022.
  • Top 3 countries in the global organic rice syrup market are projected to account for approximately 31.2% of share during the evaluation period.
  • By distribution channel, the online retail segment is expected to generate the lion’s share with entry of numerous start-up e-commerce companies.
  • In terms of application, bakery and confectionary segment are expected to hold significant share in the global organic rice syrup market
  • The global organic rice syrup market is set to reach a valuation of US$ 764 Million in 2022.

Fact.MR’s Domain Knowledge in Food & Beverages

The Food & Beverages team at Fact.MR offers expert analysis, actionable insights, and strategic recommendations to assist clients worldwide with their distinct business intelligence requirements. With a vast repertoire comprising over a thousand reports and more than a million data points, the team has conducted comprehensive analyses of the Food & Beverages sector across 50+ countries for over a decade. Their services encompass unparalleled end-to-end research and consulting, providing invaluable support to businesses seeking to navigate and excel in the dynamic food and beverage market landscape.

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