[2023-2030] Rice Syrup Market Size, Industry Share | Forecast

The global rice syrup market, valued at USD 1.4 billion in 2021, is expected to witness substantial growth, reaching USD 2.0 billion by 2026. According to recent market research, the market is projected to grow at a CAGR of 3.5% during the forecast period, fueled by rapid urbanization and changing food habits.

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As urbanization accelerates, consumers are adopting more convenient food choices to suit their hectic lifestyles. This trend has contributed to the increasing popularity of packaged food items, driving the demand for rice syrup as a texture enhancer and shelf-life extender. The versatility of rice syrup in various applications, including confectioneries, bakeries, and dairy products, has further boosted its demand.

In the aftermath of the COVID-19 pandemic, consumers have become more cautious about the food they consume, leading to a surge in demand for natural and organic food products. Plant-based food items, including rice syrup, have gained popularity among health-conscious consumers, particularly in developing economies.

Manufacturers in the food and beverage sector are focusing on product development and adopting innovative strategies to cater to the growing demand for rice syrup. Small and medium-scale product manufacturing companies are leveraging the increasing trend of consuming packaged food items to expand their presence in the global market.

However, the rice syrup market may face challenges due to compliance with varying global regulations, inflationary pressures, and fluctuating raw material prices. Market players are proactively addressing these challenges through strategic approaches and are well-positioned to leverage the opportunities presented by the growing market.

With the increasing preference for convenience food and awareness of consuming clean-label products, the global rice syrup market is set to achieve significant growth in the years ahead.

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