Clean Label Awareness to Drive Rice Syrup Market, notes TMR
The global rice syrup market is expected to experience steady growth, according to analysts at Transparency Market Research (TMR). Key worldwide production companies and product developers processing rice syrup focus on decreasing the concentration of arsenic by means of sophisticated methods of refining, without decreasing dietary importance. Because of increasing consumer demand, manufacturers are more likely to process organic rice syrup. The good alternative to honey by vegan customers is increasingly consumed with rice syrup.
New products containing naturally-occurring ingredients, such as rice syrup, are expected to start on the international rice syrup market, which is an significant trend for providers in this age.
Backward integration between producers and distributors of raw materials would enhance quality and profit margins and offer producers competitive benefits. Companies such as Habib-ADM Limited have also concluded long-term farmer contracts. It allows businesses to use their patent technology to create high-quality rice and thus improve the quality of rice syrup with an economic cost.
Prominent vendors in the global rice syrup market are Matco Foods Limited, Windmill Organics Ltd., Habib-ADM Limited, Wuhu Deli Foods Co., California Natural Products Inc., and Axiom Foods, Inc.
During the forecast era, the worldwide rice syrup market is expected to record a CAGR value of 3.8%. Rice syrups are also used to dress and decorate these foodstuffs to attract customers in the food services sector. Asia Pacific has a substantial annual growth rate in the worldwide rice syrup industry, as processed foods with natural components are increasingly consumed, and as a result, variables, like favorable trade policies and laws are favorable. Asia Pacific is predicted to see an important growth rate of 4.8 percent in the rice syrup industry over the forecast period.
Trend of Clean Label Foods to Bolster Rice Syrup Market
In latest years, demand for clean label food has grown significantly worldwide. The development of clean-label food products is underpinned by increased customer awareness of the health advantages of products containing organic components. Because clean label products are manufactured and minimally processed without the addition of excessive artificial ingredients and chemicals, customers are keenly interested in these, which are among the main drivers of the worldwide economy in rice sinks. Furthermore, the increasing trend for clarified organic rice syrup and increased knowledge of the health are caused by the increasing health issues among the millennial and the young generation.
Demand from Infant Formulae to Boost Opportunity
Breast milk is the vital milk for children since it enables a child to construct its immune system by providing the immunoglobulins needed. For the first six months, the WHO proposes exclusive breastfeeding and continuous breastfeeding as much as possible. In latest years, rice syrup has been progressively used as a safe option to better digestion in infant nutrition. Brown rice syrup can also contribute to the treatment of watery stools in babies by improving the numbness and nutrition of children. As such, rice syrup will be more likely during the forecast period in infant formulas.
The study presented here is based on a report by Transparency Market Research (TMR) titled, “Rice Syrup Market (Nature - Organic, Conventional; Raw Material Type - Brown Rice, White Rice; End Use - Bakeries, Confectionaries, Beverages, Desserts & Dairy Products, Infant Formulae, Food Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”
The rice syrup market has been segmented as follows:
Raw Material Type
- Brown Rice
- White Rice
- Desserts & Dairy Products
- Infant Formulae
- Food Services
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- North Africa
- South Africa
- Rest of MEA
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