Asia Pacific Rice Syrup Market

Market Introduction

Rice syrup refers to the processed form of cultured rice. The rice is fermented using some enzymes such as 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.

Asia Pacific Rice Syrup Strategic Insights

Strategic insights for the Asia Pacific Rice Syrup provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Rice Syrup Report Scope

Asia Pacific Rice Syrup Regional Insights

The geographic scope of the Asia Pacific Rice Syrup refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Asia Pacific rice syrup market was valued at US$ 244.5 million in 2018 and is projected to reach US$ 361.2 million by 2027; it is expected to grow at a CAGR of 4.4% during the forecast period, 2018-2027. Factors driving the market growth include the rising demand for convenience food and the growing use of rice syrups from dairy industry. However, the availability of substitute products is likely to have a negative impact on the market growth.

Key Market Segments

By rice type, the brown rice segment accounted for the largest market share in the Asia Pacific rice syrup market in 2018. In terms of category, the organic segment is expected to hold the largest  share of the rice syrup market by 2027. In terms of application, in 2018, the bakery and confectionery segment held the most significant share of the rice syrup market in Asia Pacific.

Major Sources and Companies Listed

Some of the major primary and secondary sources for Asia Pacific rice syrup market included in the report are Axiom Foods, Inc., Malt Products Corporation, Cargill, Incorporated, Gulshan Polyols Ltd, Habib Rice Products Ltd., Wuhu Deli Foods Co., Ltd, and others.

Impact of COVID-19 Pandemic on Rice Syrup Market

COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the rice syrup market due to shutting down of factories, obstacle in supply chain, and downturn in world economy

Reasons to buy the report

• To understand the rice syrup market landscape and identify market segments that are most likely to guarantee a strong return
• To stay ahead by comprehending the ever-changing competitive landscape for the rice syrup market
• To efficiently plan M&A and partnership deals in the Asia-Pacific rice syrup market by identifying market segments with most promising probable sales
• To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the rice syrup market
• To obtain market revenue forecast for market by various segments from 2018 to 2027

Asia Pacific Rice Syrup Market Segmentation

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

By Country

• China
• Japan
• India
• South Korea
• Rest of APAC

Company Profiles

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