North America Rice Syrup Market to Grow at a CAGR of 4.6% to reach US$ 231.2 Million from 2020 to 2027

North America Rice Syrup Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Rice Type (Brown Rice, White Rice); Category (Organic, Conventional); Application (Bakery and Confectionary, Beverages, Dessert and Dairy Products, (Meat, Poultry and Seafood Products), Infant Formula, Others); and Country

Publication Month: Jun 2020 | Report Code: TIPRE00011599 | No. of Pages: 105 | Category: Food and Beverages | Status: Published
Covid

The North America rice syrup market was valued at US$ 154.9 million in 2018 and is projected to reach US$ 231.2 million by 2027; it is expected to grow at a CAGR of 4.6% during the forecast period, 2018-2027.

 

Rice syrup refers to the processed form of cultured rice. The rice is fermented using some enzyme-like beta and alpha-amylase that breaks down the starch content into simple molecules of sugar such as glucose, maltose, and fructose. Owing to the presence of excessive concentration of starch, the rice syrup finds its application as sweeteners or sweet enhancers in food processing. The nutritional values get reduced during the processing and refining processes. The market is driven by the wide application of rice syrup as an alternative sweetener. Rice syrup is available as a liquid solution of a nutritive sweetener. Moreover, an upsurge in the popularity of organic rice syrup as a result of growing health consciousness among consumers also drives the market growth for rice syrup.

 

The US contributed to the largest share of the North America rice syrup market. The US is a developed market for rice syrup due to the rising consumption of convenience products such as bakery and confectionary and surging demand from the working population due to busy lifestyles. Moreover, the presence of well-established food industries in the country is the key factor propelling the market growth in the US.

 

Impact of COVID-19 Pandemic on Rice Syrup Market

The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. This is likely to negatively impact the food and beverage industry in the region, which in turn affect the supply and distribution chain. Additionally, the overall manufacturing processes, research, and development activities is also expected to impact the market growth.

 

North America Rice Syrup Market

 

Market Insights

Growing use of rice syrup from dairy industry

A significant shift in the consumer’s taste and preferences are causing a major transition in the food & beverage industry, and accordingly, manufacturers are striving to reinvent their product offerings so as to meet up the expectations of the changing and trending consumer preferences. Rice syrups have gained acceptance in several dairy & frozen desserts products such as frappes, flavored milk, smoothies, milkshakes, yogurts, and whipped creams. The growth of the dairy sector in developed and developing countries is driving the growth of the rice syrup market. The dairy industry has become an important part in North America and is projected to grow at a significant rate during the forecast period. This factor is expected to  boost the demand for rice syrups in the near future. The overall rise in the production of dairy and dairy products and the surging demand for dairy-based products is anticipated to bolster the demand for rice syrups in North America.

 

Rice Type-Based Market Insights

Based on rice type, the rice syrup market is segmented into brown rice and white rice. The brown rice segment accounted for the largest share of the North America rice syrup market in 2018. Brown rice syrup is also known as rice syrup or rice malt syrup. It is produced by fermenting the brown rice, breaking the starches with the help of certain enzymes, a then finally reducing the substance until it turns into a syrup-like consistency. Broken down brown syrup is pure glucose. Brown rice syrup is used in many healthy and organic food products like snack bars or breakfast cereal as an alternative to artificial sweeteners, white sugar, and high fructose corn syrup. Granola bars are a type of recipe and are also called brown rice syrup.

 

North America Rice Syrup Market, by Application– 2018 and 2027

 

Category Market Insights

Based on category, the rice syrup market is segmented into organic and conventional. In 2018, the organic segment accounted for the largest share of the North America rice syrup market. Organic rice syrup is a type of sweetener that is applied in various food & beverage applications. It is normally used as a sugar alternative and is a form of glucose that contains sugar. Organic rice is fermented without making use of pesticides and synthetic agents which protects the syrup and make it fit for consumption for consumers belonging to all age groups. Organic rice is mainly produced from pesticide and fertilizer free farming, and therefore organic rice is considered to be high-quality grain.

 

Application-Based Market Insights

Based on application, the rice syrup market is segmented into bakery and confectionary, beverages, dessert and dairy products, meat, poultry and seafood products, infant formula, and others. In 2018, the bakery and confectionary segment dominated the North America rice syrup market; whereas, the desserts & dairy products segment is expected to grow at the fastest rate during 2019–2027. Rice syrup is sourced from brown rice and white rice and has gained magnanimous adoption in food items, especially in bakery and confectionery. Rice syrup is a product recommended by health experts to be used in the absence of alternative sweeteners. Rice syrup is used in baking as a substitute for honey and white table sugar. It is about one-half as sweet as table sugar and has to be used wisely in baking.

 

Rice syrup Market – By Rice Type

  • Brown Rice
  • White Rice


Rice syrup Market – By Category

 

  • Organic
  • Conventional


Rice syrup Market – By Application

 

  • Bakery and Confectionary
  • Beverages
  • Dessert and Dairy Products
  • Meat, Poultry and Seafood Products
  • Infant Formula
  • Others

 

Company Profiles

  • Axiom Foods, Inc.
  • Malt Products Corporation
  • California Natural Products
  • Cargill, Incorporated
  • Gulshan Polyols Ltd
  • Habib Rice Products Ltd.
  • Lundberg
  • Wuhu Deli Foods Co., Ltd.

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Rice syrup Market Landscape

4.1         Market Overview

4.1.1        North America

5.           North America Rice Syrup Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Rising Demand for Convenience Food

5.1.2        Growing Use of Rice Syrups from Dairy Industry

5.2         Market Restraints

5.2.1        Availability of Substitute Products

5.3         Market Opportunities

5.3.1        Surging Demand for Organic Rice Syrup

5.4         Future Trends

5.4.1        Emerging Use of Rice Syrup in Pharmaceutical and Tobacco Industry

5.5         Impact Analysis of Drivers and Restraints

6.           Rice syrup – North America Market Analysis

6.1         North America Rice Syrup Market Overview

6.2         North America Rice Syrup Market Forecast and Analysis

7.           North America Rice Syrup Market Analysis – By Rice Type

7.1         Overview

7.2         North America Rice Syrup Market by Rice Type, (2018 & 2027)

7.3         Brown Rice

7.3.1        Overview

7.3.2        Brown Rice in Rice Syrup Market, Revenue Forecast to 2027 (US$ Mn)

7.4         White Rice

7.4.1        Overview

7.4.2        White Rice in Rice Syrup Market, Revenue and Forecast to 2027 (US$ Mn)

8.           Rice Syrups Market Analysis – By Category

8.1         Overview

8.1.1        Rice Syrup Market Breakdown, by Category, 2018 & 2027

8.2         Organic

8.2.1        Overview

8.2.2        Organic in Rice Syrup Market, Revenue Forecast to 2027 (US$ Mn)

8.3         Conventional

8.3.1        Overview

8.3.2        Conventional in Rice Syrup Market, Revenue and Forecast to 2027 (US$ Mn)

9.           North America Rice Syrups Market Analysis – By Application

9.1         Overview

9.2         North America Rice Syrup Market Breakdown, By Application, 2018 & 2027

9.3         Bakery and Confectionary

9.3.1        Overview

9.3.2        North America Rice Syrup Market Revenue Via Bakery and Confectionary Revenue and Forecast, to 2027 (US$ Mn)

9.4         Beverages

9.4.1        Overview

9.4.2        Beverages in Rice Syrup Market, Revenue Forecast to 2027 (US$ Mn)

9.5         Dessert and Dairy Products

9.5.1        Overview

9.5.2        Dessert and Dairy Products in Rice Syrup Market, Revenue and Forecast to 2027 (US$ Mn)

9.6         Meat, Poultry and Seafood Products

9.6.1        Overview

9.6.2        Meat, Poultry and Seafood Products in Rice Syrup Market, Revenue and Forecast to 2027 (US$ Mn)

9.7         Infant Formula

9.7.1        Overview

9.7.2        Infant Formula in Rice Syrup Market, Revenue and Forecast to 2027 (US$ Mn)

9.8         Others

9.8.1        Overview

9.8.2        Others in Rice Syrup Market, Revenue Forecast to 2027 (US$ Mn)

10.        North America Rice Syrup Market – Country Analysis

10.1      Overview

10.1.1     North America Rice syrup Market Breakdown, by Key Countries

10.1.1.1       US: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)

10.1.1.1.1       US: Rice Syrup Market, by Rice Type

10.1.1.1.2       US: Rice Syrup Market, by Category

10.1.1.1.3       US: Rice Syrup Market, by Application

10.1.1.2       Canada: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)

10.1.1.2.1       Canada: Rice Syrup Market, by Rice Type

10.1.1.2.2       Canada: Rice Syrup Market, by Category

10.1.1.2.3       Canada: Rice Syrup Market, by Application

10.1.1.3       Mexico: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)

10.1.1.3.1       Mexico: Rice Syrup Market, by Rice Type

10.1.1.3.2       Mexico: Rice Syrup Market, by Category

10.1.1.3.3       Mexico: Rice Syrup Market, by Application

11.        Impact of COVID-19 Pandemic on North America Rice Syrup Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Key Company Profiles

12.1      Axiom Foods, Inc.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.2      Malt Products Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.3      California Natural Products

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.4      Cargill, Incorporated

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.5      Gulshan Polyols Ltd

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6      Habib Rice Products Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.7      Lundberg

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.8      Wuhu Deli Foods Co., Ltd.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

13.        Appendix

13.1      About the Insight Partners

13.2      Glossary

 

LIST OF TABLES

Table 1.             North America Rice syrup Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             US Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)

Table 3.             US Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)

Table 4.             US Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 5.             Canada Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)

Table 6.             Canada Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)

Table 7.             Canada Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 8.             Mexico Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)

Table 9.             Mexico Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)

Table 10.          Mexico Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 11.          Glossary of Terms, North America Rice Syrup Market

 

LIST OF FIGURES

Figure 1.           North America Rice Syrup Market Segmentations

Figure 2.           North America Rice Syrup Market Segmentation – By Country

Figure 3.           North America Rice Syrup Market Overview

Figure 4.           Bakery and Confectionery Segment Held Largest Share in The North America Rice Syrup Market by Applications

Figure 5.           US Dominated The North America Rice syrup Market In 2018

Figure 6.           North America Rice Syrup Market, Industry Landscape

Figure 7.           North America PEST Analysis

Figure 8.           Rice Syrups Market Impact Analysis of Drivers and Restraints

Figure 9.           North America Rice Syrup Market Forecast and Analysis, (US$ Mn)

Figure 10.        Rice Syrup Market Breakdown, by Rice Type, 2018 & 2027 (%)

Figure 11.        Brown Rice in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 12.        White Rice in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 13.        Rice Syrup Market Breakdown, by Category, 2018 & 2027 (%)

Figure 14.        Organic in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 15.        Conventional in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 16.        North America Rice Syrup Market Breakdown by Application, 2018 & 2027 (%)

Figure 17.        North America Rice Syrup Market Revenue Via Bakery and Confectionary Forecast, to 2027 (US$ Mn)

Figure 18.        Beverages in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 19.        Dessert and Dairy Products in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 20.        Meat, Poultry and Seafood Products in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 21.        Infant Formula in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 22.        Others in Rice Syrup Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 23.        North America Rice syrup Market Breakdown by Key Countries, 2018 & 2027(%)

Figure 24.        US: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 25.        Canada: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 26.        Mexico: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 27.        Impact of COVID-19 Pandemic In North American Country Markets

 

The List of Companies - North America Rice Syrup Market

  1. Axiom Foods, Inc.
  2. Malt Products Corporation
  3. California Natural Products
  4. Cargill, Incorporated
  5. Gulshan Polyols Ltd
  6. Habib Rice Products Ltd.
  7. Lundberg
  8. Wuhu Deli Foods Co., Ltd.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America rice syrup market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
TIPRE00011599
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Pricing