Seoul, South Korea, July 26, 2022 (GLOBE NEWSWIRE) — The Global Organic Rice Syrup Market The size is expected to grow at a CAGR of 4.3% in the coming decade (2022-2032). The increasing use of organic rice syrup as an alternative sweetener in the food and beverage industry is likely to propel the market.
According to Fact.MR, the global organic rice syrup market is expected to reach US$1.16 billion in 2032. The growth is primarily attributed to rising health awareness, which is driving the adoption of natural sweeteners worldwide.
The increasing demand for herbal sweeteners enriched with natural ingredients is expected to accelerate demand in the market. The increasing use of organic rice syrup in the food industry due to increasing research and development (R&D) activities to launch novel products is another factor likely to drive growth.
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In addition, high global demand for sugar alternatives due to the increasing prevalence of diabetes is expected to fuel growth. About 37.3 million people in the United States have diabetes, according to the Centers for Disease Control and Prevention (CDC).
Of these, nearly 8.5 million people go undiagnosed and 28.7 million people are diagnosed. Approximately 26.4 million people aged 65 and over have prediabetes in the country.
The increasing prevalence of lifestyle disorders such as obesity, diabetes and fast food consumption will increase the demand for natural and organic sweeteners. Therefore, the demand for sweetener-based, sugar-free or low-calorie foods and beverages to maintain a healthy diet is expected to boost the market.
Which regional markets are expected to generate high revenue for producers of organic rice syrup?
“High use of organic food boosts sales of organic rice syrups in Europe”
In 2022, North America is expected to account for 24.2% of the world market share. Due to the region’s extensive use of sugar substitutes, North America now has the largest market share for organic rice syrup.
Europe, followed by North America, also has a sizeable share of the global organic rice syrup market, the key driver behind this growth being the increasing use of organic foods in the region. Europe is expected to hold 26.9% of the world market share in 2022.
However, the fastest market growth is expected in South and East Asia. This is due to the region’s higher per capita food spending, which has increased acceptance of emerging food ingredients in its products.
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Key segments covered in the Organic Rice Syrup industry survey
- Organic Rice Syrup Market by Commodity:
- 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 shops
- online retailer
The global organic rice syrup market is highly fragmented with the presence of a large number of major players. According to the study, key players are producing premium quality organic rice syrups to expand their customer base.
- In January 2022, Cargill, a renowned food company based in Minnesota, has launched a new range of couverture chocolates and vegan chocolates. Innovative Chocolate ExtraVeganZa brand promises a superior sensory experience through the use of organic rice syrup, sunflower seed powder and other plant-based ingredients.
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Key players in the Organic Rice Syrup market
- Susanne’s specialties
- Nature’s One, Inc.
- Wuhu Deli Foods Co.Ltd.
- axiom food
- California Natural Products (CNP)
- ABF ingredients
- Cargill Incorporated
Key takeaways from Organic Rice Syrup market survey
- North America is expected to generate approximately 24.2% of the organic rice syrup market share in 2022.
- The European market for organic rice syrup is estimated at almost 26.9% by the end of 2022.
- The top 3 countries in the global Organic Rice Syrup market is anticipated to account for about 31.2% of the share during the assessment period.
- By distribution channel, the online retail segment is expected to generate the lion’s share with the entry of numerous start-up e-commerce companies.
- In terms of application, the bakery and confectionery segment is expected to hold a significant share of the global organic rice syrup market
- The global organic rice syrup market is projected to reach a valuation of US$764 million by 2022.
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