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Asia Pacific Rice Syrup Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Rice Type; Category; Application , Infant Formula, Others); and Country

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    Report

  • 100 Pages
  • June 2020
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5116959
The Asia Pacific rice syrup market was valued at US$ 244.5 million in 2018 and is projected to reach US$ 361.2 million by 2027; it is expected to grow at a CAGR of 4.4% during the forecast period, 2018-2027.

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 Asia Pacific rice syrup market. Based on category, the Asia Pacific 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 Asia Pacific rice syrup market.

Geographically, the Asia Pacific rice syrup market is segmented into China, India, Japan, South Korea, and Rest of APAC. China accounted for the largest share of the Asia Pacific rice syrup market. Rice syrup is extensively consumed by Chinese consumers. China's economy has rapidly grown in recent years and is now among the second-largest economy globally. Increasing household incomes have provided high purchasing powers to the consumers, and urbanization has made it easier for Chinese families to access better options for food.

Axiom Foods, Inc., Malt Products Corporation, Cargill, Incorporated, Gulshan Polyols Ltd, Habib Rice Products Ltd., and Wuhu Deli Foods Co., Ltd. are among the major players in the Asia Pacific rice syrup market.

Overall size of the Asia Pacific 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

COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the rice syrup market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Reasons to Buy:
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific rice syrup market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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 Asia Pacific
5. Asia Pacific 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 – Asia Pacific Market Analysis
6.1 Asia Pacific Rice Syrup Market Overview
6.2 Asia Pacific Rice Syrup Market Forecast and Analysis
7. Asia Pacific Rice Syrup Market Analysis – By Rice Type
7.1 Overview
7.2 Asia Pacific 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 & 20
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. Asia Pacific Rice Syrups Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific Rice Syrup Market Breakdown, By Application, 2018 & 20
9.3 Bakery and Confectionary
9.3.1 Overview
9.3.2 Asia Pacific 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. Asia Pacific Rice Syrup Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Rice syrup Market Breakdown, by Key Countries
10.1.1.1 China: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 China: Rice Syrup Market, by Rice Type
10.1.1.1.2 China: Rice Syrup Market, by Category
10.1.1.1.3 China: Rice Syrup Market, by Application
10.1.1.2 India: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 India: Rice Syrup Market, by Rice Type
10.1.1.2.2 India: Rice Syrup Market, by Category
10.1.1.2.3 India: Rice Syrup Market, by Application
10.1.1.3 Japan: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Japan: Rice Syrup Market, by Rice Type
10.1.1.3.2 Japan: Rice Syrup Market, by Category
10.1.1.3.3 Japan: Rice Syrup Market, by Application
10.1.1.4 South Korea: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 South Korea: Rice Syrup Market, by Rice Type
10.1.1.4.2 South Korea: Rice Syrup Market, by Category
10.1.1.4.3 South Korea: Rice Syrup Market, by Application
10.1.1.5 Rest of APAC: Rice Syrup Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.5.1 Rest of APAC: Rice Syrup Market, by Rice Type
10.1.1.5.2 Rest of APAC: Rice Syrup Market, by Category
10.1.1.5.3 Rest of APAC: Rice Syrup Market, by Application
11. Impact of COVID-19 Pandemic on Asia Pacific Rice Syrup Market
11.1 Asia Pacific: 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 Wuhu Deli Foods Co., Ltd.
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
13. Appendix
13.1 About the Publisher
13.2 Glossary

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Axiom Foods, Inc.
  • Malt Products Corporation
  • Cargill, Incorporated
  • Gulshan Polyols Ltd
  • Habib Rice Products Ltd.
  • Wuhu Deli Foods Co., Ltd.