Global Rice Milk Market, By Form (Powder Rice Milk and Fluid Rice Milk), Source (Organic and Conventional), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Food Specialty Stores, Online Retailers and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The rice milk market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 15.56% in the forecast period of 2021 to 2028. The increase in prevalence of lactose intolerance among population across the globe is escalating the growth of rice milk market.
Rice milk is known to be sourced from rice whole grains and produced through an enzymatic process. This type of milk is produced from whole grains of brown rice. It is considered as a great alternative to conventional milk owning to benefits such as free-from cholesterol and lactose. This product is primarily produced with added fortified elements with the purpose of overcoming the lack of nutrients in it. This product is highly consumed by mostly vegans and lactose-free population.
The extensive use of the product as alternative for consumers who are lactose intolerant or individuals who are not capable of consuming any dairy products and the rising number of lactose intolerant people act as the major factors driving the rice milk market. The consumer inclination towards this type of milk over conventional milk due to its health benefits including low rate of cholesterol and lactose, rising prevalence of non-dairy milk products and high adoption of vegan diets among people accelerate the rice milk market growth. The use of rice milk by food and beverage manufacturers to replace high lactose content in their products and growth in awareness regarding the advantages of rice milk consumption influence the rice milk market. Additionally, the growth in population, change in consumer behavior towards healthy lifestyle, increase in food spending and surge in the disposable income of people positively affect the rice milk market. Furthermore, growing number of product launches and investments by major players and expansion beverage industry extend profitable opportunities to the rice milk market players in the forecast period of 2021 to 2028.
On the other hand, high associated with the plant-based beverages as compared to dairy milk is expected to obstruct the rice milk market growth. The rise in concerns regarding risk of contamination with arsenic in rice milk is projected to challenge the rice milk market in the forecast period of 2021-2028.
This rice milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on rice milk market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Rice Milk Market Scope and Market Size
The rice milk market is segmented on the basis of form, source and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the rice milk market is segmented into powder rice milk and fluid rice milk.
- On the basis of source, the rice milk market is segmented into organic and conventional.
- On the basis of distribution channel, the rice milk market is segmented into supermarket/hypermarket, convenience stores, food specialty stores, online retailers and others.
Global Rice Milk Market Country Level Analysis
The rice milk market is analyzed and market size, volume information is provided by country, form, source and distribution channel as referenced above.
The countries covered in the rice milk market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the rice milk market because of the high percentage of lactose intolerant population and rise in popularity of veganism among population in the region. Asia-Pacific is expected to witness significant CAGR in the forecast period of 2021-2028 because of the growing awareness among the consumers regarding benefits of rice milk, rise in number of lactose intolerance cases and increasing demand in the region.
The country section of the rice milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rice Milk Market Share Analysis
The rice milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rice milk market.
The major players covered in the rice milk market report are Blue Diamond Growers Inc., Earth's own food company inc., Eden foods inc., Grupo Leche Pascual S.A., Freedom Foods, Living Harvest Foods Inc., Nutriops S.L., Oatlyab AB, SunOpta Foods, Organic ValleyFamily of Farms, Pacific Natural Foods, Panos Brands LLC, Pure Harvest, Sanitarium Health & Well being Company, Streamicks Heritage Foods, Bridge SRL, Hain Celestial Grocery, The WhiteWave Foods Company, Turtle Mountain LLC, Vitasoy Dairy Milk, Kikkoman Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.