Asia Pacific 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
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.
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Market Overview and Dynamics
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
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 Asia Pacific
5. Asia Pacific 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 – Asia Pacific Market Analysis
6.1 Asia Pacific Rice Syrup Market Overview
6.2 Asia Pacific Rice Syrup Market Forecast and Analysis
7. Asia Pacific Rice Syrup Market Analysis – By Rice Type
7.1 Overview
7.2 Asia Pacific 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. Asia Pacific Rice Syrups Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific Rice Syrup Market Breakdown, By Application, 2018 & 2027
9.3 Bakery and Confectionary
9.3.1 Overview
9.3.2 Asia Pacific 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. Asia Pacific Rice Syrup Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Rice syrup Market Breakdown, by Key Countries
10.1.1.1 China: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 China: Rice Syrup Market, by Rice Type
10.1.1.1.2 China: Rice Syrup Market, by Category
10.1.1.1.3 China: Rice Syrup Market, by Application
10.1.1.2 India: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 India: Rice Syrup Market, by Rice Type
10.1.1.2.2 India: Rice Syrup Market, by Category
10.1.1.2.3 India: Rice Syrup Market, by Application
10.1.1.3 Japan: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Japan: Rice Syrup Market, by Rice Type
10.1.1.3.2 Japan: Rice Syrup Market, by Category
10.1.1.3.3 Japan: Rice Syrup Market, by Application
10.1.1.4 South Korea: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 South Korea: Rice Syrup Market, by Rice Type
10.1.1.4.2 South Korea: Rice Syrup Market, by Category
10.1.1.4.3 South Korea: Rice Syrup Market, by Application
10.1.1.5 Rest of APAC: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.5.1 Rest of APAC: Rice Syrup Market, by Rice Type
10.1.1.5.2 Rest of APAC: Rice Syrup Market, by Category
10.1.1.5.3 Rest of APAC: Rice Syrup Market, by Application
11. Impact of COVID-19 Pandemic on Asia Pacific Rice Syrup Market
11.1 Asia Pacific: 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 Cargill, Incorporated
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 Gulshan Polyols Ltd
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 Habib Rice Products 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 Wuhu Deli Foods Co., 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
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Rice syrup Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. China Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. China Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)
Table 4. China Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 5. India Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)
Table 6. India Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)
Table 7. India Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 8. Japan Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)
Table 9. Japan Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)
Table 10. Japan Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 11. South Korea Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)
Table 12. South Korea Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)
Table 13. South Korea Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 14. Rest of APAC Rice Syrup Market, by Rice Type – Revenue and Forecast to 2027 (USD Mn)
Table 15. Rest of APAC Rice Syrup Market, by Category – Revenue and Forecast to 2027 (USD Mn)
Table 16. Rest of APAC Rice Syrup Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 17. Glossary of Terms, Asia Pacific Rice Syrup Market
LIST OF FIGURES
Figure 1. Asia Pacific Rice Syrup Market Segmentations
Figure 2. Asia Pacific Rice Syrup Market Segmentation – By Country
Figure 3. Asia Pacific Rice Syrup Market Overview
Figure 4. Bakery and Confectionery Segment Held Largest Share in The Asia Pacific Rice Syrup Market by Applications
Figure 5. China Dominated The Asia Pacific Rice syrup Market In 2018
Figure 6. Asia Pacific Rice Syrup Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Rice Syrups Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific 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. Asia Pacific Rice Syrup Market Breakdown by Application, 2018 & 2027 (%)
Figure 17. Asia Pacific 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. Asia Pacific Rice syrup Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 24. China: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. India: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Japan: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. South Korea: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Rest of APAC: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
The List of Companies - Asia Pacific Rice Syrups Market
- Axiom Foods, Inc.
- Malt Products Corporation
- Cargill, Incorporated
- Gulshan Polyols Ltd
- Habib Rice Products Ltd.
- 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 Asia Pacific 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.