Market Introduction
Rice syrup refers to the processed form of cultured rice. The rice is fermented using 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.
Market Overview and Dynamics
The Europe rice syrup market was valued at US$ 130.22 million in 2018 and is projected to reach US$ 188.47 million by 2027; it is expected to grow at a CAGR of 4.2% 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 market growth.
Key Market Segments
By rice type, the brown rice segment accounted for the largest share in the Europerice syrupmarket in 2018. In terms of category, the organic segment is expected to hold the largest share of the rice syrupmarket by 2027. In terms of application, in 2018, the bakery and confectionery segment held the most significant market share of the rice syrup market in Europe.
Major Sources and Companies Listed
Some of the major primary and secondary sources for Europerice syrupmarket included in the report are Axiom Foods, Inc., Malt Products Corporation, Cargill, Incorporated, Gulshan Polyols Ltd, Habib Rice Products Ltd., Meurens Natural, Windmill Organics Ltd.,Wuhu Deli Foods Co., Ltd, and others.
Impact of COVID-19 Pandemic on Rice Syrup Market
In Europe, Italy is the worst affected country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of COVID-19 cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to negatively impact market growth in Europe
Reasons to buy the report
Europe Rice Syrup Market Segmentation
Rice syrup Market – By Rice Type
Rice syrup Market – By Category
Rice syrup Market – By Application
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 130.22 Million |
| Market Size by 2027 | US$ 188.47 Million |
| CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Rice Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Rice Syrup Market is valued at US$ 130.22 Million in 2018, it is projected to reach US$ 188.47 Million by 2027.
As per our report Europe Rice Syrup Market, the market size is valued at US$ 130.22 Million in 2018, projecting it to reach US$ 188.47 Million by 2027. This translates to a CAGR of approximately 4.2% during the forecast period.
The Europe Rice Syrup Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Rice Syrup Market report:
The Europe Rice Syrup Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Rice Syrup Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Rice Syrup Market value chain can benefit from the information contained in a comprehensive market report.
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