Rising Incidence of Diabetes Will Push Low Calorie Food Intake, Positioning the Organic Rice Syrup Market at US$1.16 Billion in 2032
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% over the next decade (2022-2032). The increasing use of organic rice syrups 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 mainly attributed to the growing health awareness that is pushing the adoption of natural sweeteners in the whole world.
The growing demand for herbal sweeteners infused with natural ingredients is expected to accelerate the demand in the market. The increasing use of organic rice syrup in the food processing industry due to increased research and development (R&D) activities to launch new products is another factor likely to drive growth.
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Additionally, strong demand for sugar alternatives globally due to the increasing prevalence of diabetes is expected to drive growth. According to the Center for Disease Control and Prevention (CDC), approximately 37.3 million people in the United States have diabetes.
Of these, almost 8.5 million people are undiagnosed and 28.7 million people are diagnosed. About 26.4 million people belonging to the age group of 65 years and above suffer from 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. Hence, the demand for sweetened, sugar-free or low-calorie foods and beverages to maintain a healthy diet is expected to drive the market.
What are the regional markets expected generate high revenue for organic rice syrup manufacturers?
“High use of organic food products drives sales of organic rice syrups in Europe”
In 2022, North America is expected to account for 24.2% of the global market share. Due to the heavy use of sugar substitutes in the region, North America now holds the largest market share for organic rice syrup.
Followed by North America, Europe also holds a major market share in the global organic rice syrup market. The main driver of this growth is the increasing use of organic foods in the region. Europe is expected to hold 26.9% of the global market share in 2022.
However, South and East Asia is expected to experience the fastest market growth. This is due to the region’s higher per capita spending on food products, which has increased the adoption of new emerging food ingredients in their products.
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Key segments covered by the Organic Rice Syrup Industry survey
The global organic rice syrup market is highly fragmented with the presence of a large number of key players. According to the study, major players are manufacturing premium organic rice syrups to expand their customer base.
In January 2022, Cargill, a renowned food company based in Minnesota, has launched a new line of chocolate couvertures and vegan chocolates. Its innovative brand, Chocolate ExtraVeganZa promises to deliver a great sensory experience using organic rice syrup, sunflower seed powder and other plant-based ingredients.
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The key players in the Organic Rice Syrup Market
Main takeaways from Organic Rice Syrup Market research
North America is expected to generate around 24.2% of the organic rice syrup market share in 2022.
The European organic rice syrup market is estimated to hold almost 26.9% share by the end of 2022.
The top 3 countries in the global organic rice syrup market are expected to account for approximately 31.2% of the market share during the assessment period.
By distribution channel, the online retail segment is expected to take the lion’s share with the entry of numerous e-commerce start-ups.
In terms of application, the bakery and confectionery segment is expected to hold a major share of the global organic rice syrup market
The global organic rice syrup market is expected to reach a valuation of US$764 million in 2022.
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