| Product Code: ETC8850741 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw significant growth in rice syrup imports in 2024, with top exporting countries being China, South Korea, Vietnam, India, and Thailand. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, reflecting the dominance of these key players. The impressive compound annual growth rate (CAGR) of 21.5% from 2020 to 2024 highlights the increasing demand for rice syrup in the Philippines. Furthermore, the remarkable growth rate of 66.66% from 2023 to 2024 signals a rapidly expanding market with promising opportunities for both suppliers and buyers in the rice syrup industry.

Rice syrup is emerging as a natural sweetener in the Philippines, gaining popularity in the food and beverage sector. The market is being driven by increasing consumer awareness of low-glycemic and plant-based sugar substitutes. Health-conscious consumers and the growing demand for organic ingredients are propelling rice syrup adoption.
The Rice Syrup market in the Philippines is growing due to rising consumer demand for natural and healthier sweeteners. Rice syrup, made from rice starch, is gaining popularity as an alternative to refined sugar and high-fructose corn syrup. It is seen as a healthier option for those seeking lower glycemic index products or adhering to specific dietary needs such as gluten-free or vegan diets. As the market for organic and natural food products continues to expand, rice syrup is becoming a key ingredient in the food and beverage sector. This trend is expected to drive the growth of the rice syrup market in the Philippines.
The Rice Syrup market in the Philippines encounters challenges related to consumer awareness and the price competitiveness of the product. While rice syrup is seen as a healthier alternative to refined sugar, it is not widely known among Filipino consumers, especially in rural areas where traditional sugar products dominate the market. The cost of producing rice syrup can be higher than conventional sweeteners, which makes it less attractive to price-sensitive buyers. The market also faces challenges in terms of distribution, as rice syrup is not yet readily available in many local grocery stores and supermarkets.
The rice syrup market in the Philippines holds considerable growth potential as consumer preferences shift toward healthier, natural sweeteners. Rice syrup, derived from rice starch, is seen as a healthier alternative to refined sugar, with a lower glycemic index and rich nutrient content. With the increasing demand for organic and natural ingredients in food and beverages, the market for rice syrup is expected to expand. Investors can tap into this growing market by establishing production facilities, creating innovative products, and positioning rice syrup as an alternative sweetener in various food categories, including baked goods, beverages, and snacks.
The government of the Philippines supports the rice syrup market through initiatives aimed at boosting the use of rice as a raw material for syrup production. Policies promote the benefits of rice syrup as a natural sweetener, emphasizing its potential for both local consumption and export. The government provides financial assistance and incentives for businesses involved in rice syrup production, helping to expand the market and create new opportunities for local rice farmers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Rice Syrup Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Rice Syrup Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Rice Syrup Market - Industry Life Cycle |
3.4 Philippines Rice Syrup Market - Porter's Five Forces |
3.5 Philippines Rice Syrup Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Philippines Rice Syrup Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Philippines Rice Syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a shift towards natural sweeteners like rice syrup |
4.2.2 Growing demand for clean label and organic food products in the Philippines |
4.2.3 Rising awareness about the benefits of rice syrup as a low glycemic index alternative to traditional sweeteners |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for rice syrup production in the Philippines |
4.3.2 Price volatility in the global market affecting the cost of rice syrup production |
4.3.3 Competition from other natural sweeteners like honey and maple syrup |
5 Philippines Rice Syrup Market Trends |
6 Philippines Rice Syrup Market, By Types |
6.1 Philippines Rice Syrup Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Philippines Rice Syrup Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 Philippines Rice Syrup Market Revenues & Volume, By Brown Rice, 2021- 2031F |
6.1.4 Philippines Rice Syrup Market Revenues & Volume, By White Rice, 2021- 2031F |
6.2 Philippines Rice Syrup Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Philippines Rice Syrup Market Revenues & Volume, By Bakeries, 2021- 2031F |
6.2.3 Philippines Rice Syrup Market Revenues & Volume, By Beverages, 2021- 2031F |
6.2.4 Philippines Rice Syrup Market Revenues & Volume, By Confectionaries, 2021- 2031F |
6.2.5 Philippines Rice Syrup Market Revenues & Volume, By Desserts & Dairy Products, 2021- 2031F |
6.2.6 Philippines Rice Syrup Market Revenues & Volume, By Food Services, 2021- 2031F |
6.2.7 Philippines Rice Syrup Market Revenues & Volume, By Infant Formulae, 2021- 2031F |
7 Philippines Rice Syrup Market Import-Export Trade Statistics |
7.1 Philippines Rice Syrup Market Export to Major Countries |
7.2 Philippines Rice Syrup Market Imports from Major Countries |
8 Philippines Rice Syrup Market Key Performance Indicators |
8.1 Consumer awareness and perception of rice syrup as a healthier alternative |
8.2 Number of new product launches incorporating rice syrup as a sweetening agent |
8.3 Adoption rate of rice syrup by food and beverage manufacturers in product formulations |
9 Philippines Rice Syrup Market - Opportunity Assessment |
9.1 Philippines Rice Syrup Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Philippines Rice Syrup Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Philippines Rice Syrup Market - Competitive Landscape |
10.1 Philippines Rice Syrup Market Revenue Share, By Companies, 2024 |
10.2 Philippines Rice Syrup Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |