PUBLISHER: Grand View Research | PRODUCT CODE: 1553671
PUBLISHER: Grand View Research | PRODUCT CODE: 1553671
The global rice syrup market size is expected to reach USD 2.96 billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow due to several key factors, including its diverse applications as an alternative sweetener and the rising popularity of organic rice syrups. The high starch content of rice syrups makes them extensively useful in the food processing industry. Brown rice, in particular, is widely accepted by consumers as a natural sweetener alternative.
Increasing health consciousness among individuals has spurred the demand for natural sweeteners. Organic rice syrups, which are naturally prepared and gluten-free, cater to this demand. Additionally, these syrups are allergen-free and suitable for vegan and vegetarian diets, providing an alternative to honey. Liquid rice glucose, derived from rice syrup, serves as a natural sweetener applicable in various forms. In response to growing health awareness, manufacturers are considering liquid rice glucose as a viable natural sweetener for their products. Companies such as Cargill Inc. and California Natural Products Inc. have recognized the demand for natural sweeteners and have introduced new products incorporating ingredients like brown rice syrup. Moreover, rice syrup is perceived as a healthier option compared to corn syrup, which is higher in calories and commonly used in high-temperature cooking and candy making.
In developing economies, factors such as rapid urbanization, evolving food habits, the increasing popularity of packaged foods, and heightened consumer awareness of clean label products are driving the demand for rice syrups. The growing preference for convenience foods, driven by modern, fast-paced lifestyles, is significantly contributing to the expansion of the rice syrup market. Rice syrup is increasingly utilized to enhance texture in bakery and confectionery products. Its extended shelf life further attracts food manufacturers to use it in packaged food items.