New York City, NY, 16 September, 2019/ 24 Market Reports:The report states about Organic Rice Syrup Market. The report provides top manufacturers, production, application and regions.
In recent years the increasing use of rice syrup as an alternative ingredient for table sugar and sweeteners have been fuelling the growth of the market. Increasing health consciousness among consumers as well as the product developers has increased the demand for organic and natural sweeteners.
There are very few natural sweeteners available in the market and this is giving rise for the growth opportunity in the market and with the launch of new products with natural ingredients such as rice syrup the market is anticipated to achieve significant growth in the upcoming years. In the food processing industries, in Europe, rice syrup is the most used natural sweetener.
In recent years, there has been a rise in demand for rice syrup in food service industries such as cafes, hotels, and quick-service restaurants. In providing sweetness to various food products such as salads, chilled beverages, pancakes, and muffins rice syrup, being a natural sweetener plays a vital role. In the foodservice industry, rice syrups are also used for dressing and decorating these foods to attract consumers.
Natural ingredient cultivation has been witnessing a surge with an increase in agriculture across the globe. Along with increasing production of rice for staple consumption, brown rice, as a sweetener has witnessed a great demand for its industrial processing.
In the forecast period, it is estimated for the global food processing market to witness significant growth due to rapid urbanization. In the coming years, the development of re-formulated products to replace table sugar is expected to drive the demand for these products. With the demand of the consumer for extended shelf-life, stability, and texture of the products the demand for this market is witnessing a major growth. This has led manufacturers to focus on development initiatives to offer clean label ingredients such as rice syrup to the consumers.
To sustain in the consolidated rice syrup market the demand for plant-based sweetener with natural ingredients is a key area for the companies. It is expected for the packaged food and beverages market to penetrate the existing, new, as well as untapped market across the world. In the new product offerings, especially in the U.S. where rice syrup has been recently adopted as a sweetener, is expected to boost the growth of the market.
In improving quality and profit margins, backward integration from manufacturers to raw material suppliers would play a major role. Major companies have also entered into a long-term agreement with the farmers. This enables in the production of high-graded rice using patent technology at an economical cost along with the enhanced quality of rice syrup.