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Rice syrup is widely processed with the help of enzymes. For instance, brown rice syrup is made by heating brown rice. During this process, enzymes are added to the resultant to break down the starch into the maltose, maltotriose and a small amount of glucose. The solution is then strained, thereby leaving behind the syrup for consumption. Brown rice syrup is about half as sweet as white sugar. Brown rice syrup offers a mild, butterscotch flavor and is widely used in the manufacturing of cookies, muffins and puddings. Industrially, rice syrup is also used in making pancakes, waffles and as a sweetener for iced tea and rice milk. Such factors and wide range of applications are directly influencing the growth of rice syrup market globally. Additionally, rice syrup is gluten-free and benefits such as cholesterol control, improved digestive health, and good source of energy are expected to directly boost the growth of rice syrup market during the forecast period.
The global rice syrup market has been divided, by category, into organic and conventional. The conventional segment is expected to dominate the global rice syrup market during the forecast period. Rice crops are widely grown in the conventional form due to the ease in bulk production and offer the highest profit margin. Moreover, easy availability of conventionally grown cereal crops and its reasonable pricing are aiding to the global demand for conventional rice syrup. The organic segment is expected to grow at the fastest rate during the assessment period since demand for rice crops grown in organic environment without the use of harmful chemicals is growing among the health-conscious consumers as a safe alternative.
The global market for rice syrup has also been classified, by application, into bakery & confectionary, beverages, dessert & dairy products, meat, poultry & seafood products, infant formula, and others. The bakery & confectionary segment is expected to generate highest revenue due to growing demand for snacks as convenience food. Moreover, increasing consumption of energy bars among health conscious and growing demand for naturally sweetened baked products are further fueling the growth of the segment. The infant formula segment is expected to register the highest CAGR during the assessment period owing to high population growth rate in developing nations such as China and India. Other factors boosting the segment growth include high living standards and several varieties of sweetened flavors and blends offered by infant formula manufacturers.
Segmentation
The global rice syrup market has been segmented based on rice type, category, application, and region.
By rice type, the global rice syrup market has been segregated into brown rice and white rice.
The global rice syrup market has been classified as category, into organic and conventional
On the basis of application, the global rice syrup market has been divided into bakery & confectionary, beverages, dessert & dairy products, meat, poultry & seafood products, infant formula, and others.
Key Players
Some of the key players in the global rice syrup market are Wuhu Deli Foods Co., Ltd (China), Axiom Foods, Inc. (US), Wuhu Haoyikuai Food Co., Ltd (China), California Natural Products Inc. (US), Cargill Incorporated (US), Associated British Foods Plc (UK), Bharat Glucose Pvt. Ltd (India), Shafi Gluco Chem (Pvt) Ltd (Pakistan), Matco Foods Limited (Pakistan), and Om Foods Inc. (Canada).
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