Rice syrup, a natural sweetener derived from cooked rice, has gained significant traction in the global market in recent years. With the rising demand for natural and healthier alternatives to traditional sweeteners, the rice syrup market has witnessed remarkable growth and is poised for further expansion. This article delves into the dynamics driving this market, its key players, emerging trends, and future prospects.
Players Covered in Rice Syrup Market are :
- Cargill Incorporated
- Windmill Organics Ltd.
- ABF Ingredients Ltd.
- Nature Bio-Foods Ltd
- Axiom Foods Inc.
- Habib Rice Products Ltd.
- Bharat Glucose Pvt. Ltd.
- California Natural Products Inc.
- Matco Foods Limited
- Om Foods Inc.
- Shafi Gluco Chem (Pvt) Ltd
- Wuhu Deli Foods Co. Ltd.
- Wuhu Haoyikuai Food Co. Ltd
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Market Dynamics And Factors For Rice Syrup Market
Drivers:
Growing Demand in the Food Service Industry
Rice syrup's global market is being spurred by its increasing use in the foodservice sector, notably in the production of processed and baked items. Because of the increased customer desire for organic or natural products over synthetic ones, the sector is seeing consistent expansion. Furthermore, with a growing vegan population, the demand for plant-based components is driving the rice syrup business ahead. Rice syrup is used in the production of food goods such as fruit drinks, soft drinks, canned fruits, morning cereals, extruded or baked energy and sports bars, beverages, puddings, biscuits, and cakes, among others, to meet customer demand
Restraints:
Toxic Impurities
In a 2012 research, substantial quantities of arsenic, which is harmful to humans, were discovered in brown rice syrup and goods containing it. This is most likely due to the high arsenic content in rice. The authors suggested that authorities set legal limitations for arsenic levels in food, notably in newborn and toddler formulae, which might hinder the rice syrup market's growth throughout the forecast period.
Opportunities:
The growing huge demand for rice syrup in the cosmetic industry leads to creating a lucrative opportunity. In cosmetics, rice syrup is extensively used by key players to manufacture cosmetics and personal care products on a large scale. Hence, the global rice syrup market is anticipated to significantly increase its revenue contribution over the forecast period. In addition, the rising utilization of organic-based food and products among the developed and developing economies helps to grow market share for the organic rice syrup market in the projected period. Government support in the form of subsidies and various marketing opportunities given by the agricultural department in some countries is expected to augment the market in the upcoming year.
Market Segmentation
By Type
- White Rice
- Brown Rice
By Nature
- Organic
- Conventional
By Application
- Bakery Confectionery
- Beverages, Dairy Products
- Meat
- Poultry Seafood Products
- Infant Formula
- Others
Scope of the Report:
The latest research on the Rice syrup Market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Rice syrup Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Rice syrup Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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