Seoul, South Korea, July 26, 2022 (GLOBE NEWSWIRE) — The global organic rice syrup market Size is anticipated to exhibit growth at a CAGR of 4.3% in the forthcoming decade (2022-2032). Increasing use of organic rice syrups as an alternative sweetener in the food and beverage industry is likely to propel the market.
As per Fact.MR, the global organic rice syrup market is projected to reach US$1.16 billion in 2032. Growth is mainly attributed to the rising health-consciousness pushing the adoption of natural sweeteners worldwide.
Surging demand for plant-based sweeteners infused with natural ingredients is expected to accelerate the demand in the market. Rising use of organic rice syrup in the food processing industry owing to increasing research and development (R&D) activities to launch novel products is another factor that is likely to drive growth.
For Critical Insights on Organic Rice Syrup Market, Request a Sample Report
Further, high demand for sugar alternatives across the globe on the back of increasing prevalence of diabetes is projected to foster the growth. As per the Center for Disease Control and Prevention (CDC), in the US, about 37.3 million people have diabetes.
Out of these, nearly 8.5 million people are undiagnosed and 28.7 million people are diagnosed. Approximately 26.4 million people belonging to the age group of 65 years and above have prediabetes in the country.
Rising prevalence of lifestyle disorders such as obesity, diabetes, and consumption of fast food will augment the demand for natural and organic sweeteners. Hence, demand for sweetener-based, sugarless, or low-calorie food and beverages to maintain a healthy diet is expected to boost the market.
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 expected to account for 24.2% of the global market share. Due to the extensive use of sugar substitutes in the region, North America now has the biggest market value share for organic rice syrup.
Followed by North America, Europe also has a sizable market value share in the global market for organic rice syrup, the key driving force behind this growth is the region’s expanding use of organic foods. Europe is likely to hold 26.9% of the global market share, in 2022.
However, South and East Asia are expected to see the fastest market growth. This is due to the region’s higher per newly capita spending on food items, which has increased the adoption of emerging food ingredients in their products.
To learn more about Organic Rice Syrup Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=1081
Key Segments Covered in the Organic Rice Syrup Industry Survey
- Organic Rice Syrup Market by Raw Material :
- Brown Rice Syrup
- White Rice Syrup
- Organic Rice Syrup Market by Application :
- Processed Foods
- Dressing & Spreads
- Dairy Products
- Ice Cream
- Organic Rice Syrup Market by End Use :
- Organic Rice Syrup Market by Distribution Channel :
- Direct Sales
- Indirect Sales
- Convenience Stores
- Specialty Stores
- Online Retailers
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.
- 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.
Get Customization on Organic Rice Syrup Market Report for Specific Research Solutions
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
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 segments are expected to hold a 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
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Food & Beverages team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the Food & Beverages division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore Fact.MR’s Coverage on the Food & Beverages Domain-
Whiskey Market– A new forecast by Fact.MR estimates that whiskey revenues will nearly double between 2021 and 2031, reaching nearly US$108 Billion in 2031 with a compounded annual growth rate (CAGR) of 6%.
Marine Oil Market– The global marine oil market is estimated at USD 1,933.9 Million in 2022 and is forecast to surpass USD 2,802.3 Million by 2032, growing at a CAGR of 3.8% from 2022 to 2032.
Lactoferrin Market– The global Lactoferrin Market was estimated to be worth US$ 253.36 Million in the year 2022 and is expected to grow with a steady CAGR of 8% during the forecast period, 2022- 2032. By the end of 2032, the market is predicted to reach a global valuation of US$546.77 Million.
CBD Gummies Market– Fact.MR- a market research and competitive intelligence provider- expects the global CBD gummies market to surge exponentially at a prolific 28% CAGR throughout the 2021-2031 period forecast.
Meat Substitute Market– Demand for meat substitutes was valued at US$ 10 Billion in 2021, and is projected to reach US$ 13 Billion by the end of 2022, reflecting an annual increase worth 30%. During the 2022-2032 assessment period, meat substitute sales are expected to surge astoundingly at a CAGR of 33.6% to reach US$235 Bn.
Rice Syrup Market– Global demand for rice syrup (volume) enjoyed year-on-year (YoY) growth of 2.9% in 2021 to reach 307.6 kilo tons. Overall, sales of rice syrup are predicted to increase at a CAGR of 4.5% and reach a market valuation of US$ 1.09 Billion by the end of 2032.
Dietary Supplements Market– The global dietary supplements market is anticipated to secure a market value of US$D 163 Billion in 2022 and reach US$ 351 Billion by 2032. The projected growth rate is 8% during the forecast period. The growth of the market can be credited to increasing health awareness, the adoption of a healthy diet, and the increasing geriatric population.
Gelatin Market– The gelatin market is predicted to grow at a moderate CAGR of 5.8% during the forecast period covering 2022 to 2032. The gelatin market share is estimated to reach a value of nearly US$ 5.9 Billion by 2032, expanding from US$ 3.1 Billion in 2021.
Coffee Roaster Market– The coffee roaster market is expected to record a CAGR of 5% by garnering a market value of US$701.24 Billion in 2032 from US$430.5 Billion in 2022. The market is significantly driven by the consumer growth inclination towards coffee consumption across the world. .
Seed Coating Materials Market– Expanding at a CAGR of 6.5%, the global seed coating materials market is projected to increase from a valuation of US$ 1.74 billion in 2021 to US$ 3.41 billion by the end of 2032.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter