Rising incidence of diabetes will drive low-calorie food intake, positioning organic rice syrup market at $1.16 billion in 2032
Seoul, South Korea, July 26, 2022 (GLOBE NEWSWIRE) — The world market for organic rice syrup Size is forecast to show growth at a CAGR of 4.3% over the next decade (2022-2032). The increased use of organic rice syrups as an alternative sweetener in the food and beverage industry is likely to drive the market.
According to Fact.MR, the global market for organic rice syrup is projected to reach $1.16 billion by 2032. The growth is primarily attributed to rising health awareness driving the adoption of natural sweeteners around the world.
The growing demand for plant-based 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 novel products is another factor likely to drive growth.
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In addition, high demand for sugar alternatives around the world due to the rising prevalence of diabetes is expected to fuel growth. According to the Center for Disease Control and Prevention (CDC), about 37.3 million people in the US have diabetes.
Of these, nearly 8.5 million people are undiagnosed and 28.7 million are diagnosed. Approximately 26.4 million people in the age group 65 and over have prediabetes in the country.
The increased prevalence of lifestyle disorders such as obesity, diabetes and fast food consumption will increase the demand for natural and organic sweeteners. Therefore, the demand for sweetener-based, sugar-free or low-calorie foods and beverages to maintain a healthy diet is expected to drive the market.
What regional markets are expected How to generate high income 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 extensive use of sugar substitutes in the region, North America now has the largest value share of the market for organic rice syrup.
Followed by North America, Europe also holds a sizable market value share of the global organic rice syrup market, the key driving force behind this growth being the increasing use of organic foods in the region. Europe is likely to hold 26.9% of the global market share in 2022.
However, South and East Asia are expected to see the fastest growing market. This is due to the region’s higher per capita spending on food, which has increased the adoption of new food ingredients in its products.
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Key segments covered in the Organic Rice Syrup industry survey
competitive landscape
The global market for organic rice syrup is highly fragmented with the presence of a large number of key players. According to the study, key players are manufacturing premium organic rice syrups to expand their customer base.
For example,
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In January 2022, Cargill, a renowned Minnesota-based food corporation, launched a new range of couverture chocolates and vegan chocolates. Their innovative brand, Chocolate ExtraVeganZa, promises to deliver a great sensory experience through the use of organic rice syrup, sunflower seed powder, and other plant-based ingredients.
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key players in the Organic Rice Syrup Market
Key takeaways from Organic Rice Syrup Market study
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North America is forecast to generate about 24.2% of the organic rice syrup market share in 2022.
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Europe’s organic rice syrup market is estimated to hold almost 26.9% share by the end of 2022.
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The top 3 countries in the global organic rice syrup market are anticipated to account for about 31.2% share during the assessment period.
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By distribution channel, the online retail segment is expected to generate the largest share with the entry of numerous e-commerce startups.
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In terms of application, the bakery and confectionery segment is expected to hold a significant share in the global organic rice syrup market.
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The global market for organic rice syrup will reach a valuation of US$764 million in 2022.
Knowledge of the Fact.MR domain in Food and drinks
Expert analysis, actionable insights and strategic recommendations from Fact.MR’s experienced food and beverage team help clients around the world with their unique business intelligence needs.
With a repertoire of more than a thousand reports and more than 1 million data points, the team has analyzed the Food and Beverage division in more than 50 countries for more than a decade. The team provides unrivaled end-to-end research and consulting services.
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