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, 2019-2027.
Rice syrup refers to the processed form of cultured rice. The rice is fermented using some enzyme-like 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.
Based on rice type, the rice syrup market is segmented into brown rice and white rice. In 2018, the brown rice segment dominated the Europe rice syrup market. Based on category, the Europe rice syrup market is bifurcated into organic and conventional. Based on application, the rice syrup market is segmented into bakery and confectionary, beverages, dessert and dairy products, meat, poultry and seafood products, infant formula, and others. In 2018, the bakery and confectionery segment accounted for the largest share in the Europe rice syrup market.
Geographically, the Europe rice syrup market is segmented into the UK, Germany, France, Italy, and Rest of Europe. Italy accounted for the largest share of the Europe rice syrup market. Growing demands for instant, convenient, and ready-to-eat foods that require less time for preparation is expected to propel the growth of the Italian rice syrup market. Rapid development in the food and beverage industry in the country is further expected to boost the rice syrup demand in Italy. For instance, according to Market Monitor Food Italy, the food & beverage industry grew at a rate of 2.4% in 2018, compared to 2.2% in 2017. The rice syrup market is expected to gain momentum with the rising developments in the food industry.
Axiom Foods, Inc., Malt Products Corporation, Cargill, Incorporated, Gulshan Polyols Ltd, Habib Rice Products Ltd., Meurens Natural, Windmill Organics Ltd, and Wuhu Deli Foods Co., Ltd. are among the major players in the Europe rice syrup market.
Overall size of the Europe rice syrup market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Additionally, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the rice syrup market.
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 impact market growth in Europe.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 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 Europe
5. Europe 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 ? Europe Market Analysis
6.1 Europe Rice Syrup Market Overview
6.2 Europe Rice Syrup Market Forecast and Analysis
7. Europe Rice Syrup Market Analysis ? By Rice Type
7.1 Overview
7.2 Europe 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. Europe Rice Syrups Market Analysis ? By Application
9.1 Overview
9.2 Europe Rice Syrup Market Breakdown, By Application, 2018 & 2027
9.3 Bakery and Confectionary
9.3.1 Overview
9.3.2 Europe 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. Europe Rice Syrup Market ? Country Analysis
10.1 Overview
10.1.1 Europe Rice syrup Market Breakdown, by Key Countries
10.1.1.1 Germany: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 Germany: Rice Syrup Market, by Rice Type
10.1.1.1.2 Germany: Rice Syrup Market, by Category
10.1.1.1.3 Germany: Rice Syrup Market, by Application
10.1.1.2 France: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 France: Rice Syrup Market, by Rice Type
10.1.1.2.2 France: Rice Syrup Market, by Category
10.1.1.2.3 France: Rice Syrup Market, by Application
10.1.1.3 Italy: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Italy: Rice Syrup Market, by Rice Type
10.1.1.3.2 Italy: Rice Syrup Market, by Category
10.1.1.3.3 Italy: Rice Syrup Market, by Application
10.1.1.4 UK: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 UK: Rice Syrup Market, by Rice Type
10.1.1.4.2 UK: Rice Syrup Market, by Category
10.1.1.4.3 UK: Rice Syrup Market, by Application
10.1.1.5 Rest of Europe: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
10.1.1.5.1 Rest of Europe: Rice Syrup Market, by Rice Type
10.1.1.5.2 Rest of Europe: Rice Syrup Market, by Category
10.1.1.5.3 Rest of Europe: Rice Syrup Market, by Application
11. Impact of COVID-19 Pandemic on Europe Rice Syrup Market
11.1 Europe: 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 Meurens Natural
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
12.7 Windmill Organics Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Wuhu Deli Foods Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Rice syrup Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Germany Rice Syrup Market, by Rice Type ? Revenue and Forecast to 2027 (USD Mn)
Table 3. Germany Rice Syrup Market, by Category ? Revenue and Forecast to 2027 (USD Mn)
Table 4. Germany Rice Syrup Market, by Application ? Revenue and Forecast to 2027 (USD Mn)
Table 5. France Rice Syrup Market, by Rice Type ? Revenue and Forecast to 2027 (USD Mn)
Table 6. France Rice Syrup Market, by Category ? Revenue and Forecast to 2027 (USD Mn)
Table 7. France Rice Syrup Market, by Application ? Revenue and Forecast to 2027 (USD Mn)
Table 8. Italy Rice Syrup Market, by Rice Type ? Revenue and Forecast to 2027 (USD Mn)
Table 9. Italy Rice Syrup Market, by Category ? Revenue and Forecast to 2027 (USD Mn)
Table 10. Italy Rice Syrup Market, by Application ? Revenue and Forecast to 2027 (USD Mn)
Table 11. UK Rice Syrup Market, by Rice Type ? Revenue and Forecast to 2027 (USD Mn)
Table 12. UK Rice Syrup Market, by Category ? Revenue and Forecast to 2027 (USD Mn)
Table 13. UK Rice Syrup Market, by Application ? Revenue and Forecast to 2027 (USD Mn)
Table 14. Rest of Europe Rice Syrup Market, by Rice Type ? Revenue and Forecast to 2027 (USD Mn)
Table 15. Rest of Europe Rice Syrup Market, by Category ? Revenue and Forecast to 2027 (USD Mn)
Table 16. Rest of Europe Rice Syrup Market, by Application ? Revenue and Forecast to 2027 (USD Mn)
Table 17. Glossary of Terms, Europe Rice Syrup Market
LIST OF FIGURES
Figure 1. Europe Rice Syrup Market Segmentations
Figure 2. Europe Rice syrup Market Segmentation ? By Country
Figure 3. Europe Rice syrup Market Overview
Figure 4. Bakery and Confectionery Segment Held Largest Share in The Europe Rice Syrup Market by Applications
Figure 5. Rest of Europe Dominated The Europe Rice syrup Market In 2018
Figure 6. Europe Rice Syrup Market, Industry Landscape
Figure 7. Europe ? PEST Analysis
Figure 8. Rice Syrups Market Impact Analysis of Drivers and Restraints
Figure 9. Europe 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. Europe Rice Syrup Market Breakdown by Application, 2018 & 2027 (%)
Figure 17. Europe 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. Europe Rice syrup Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 24. Germany: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 25. France: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Italy: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 27. UK: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Rest of Europe: Rice Syrup Market ?Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic In Europe Country Markets
The List of Companies- Europe Rice Syrups Market
1. Axiom Foods, Inc.
2. Malt Products Corporation
3. Cargill, Incorporated
4. Gulshan Polyols Ltd
5. Habib Rice Products Ltd.
6. Meurens Natural
7. Windmill Organics Ltd
8. Wuhu Deli Foods Co., Ltd.