Market Overview

Rice milk is a growing market, with increasing demand for a dairy-free alternative to traditional cow’s milk. Rice milk is made from boiled rice, which is then blended with water to create a creamy, milky beverage. It is naturally lactose-free and vegan-friendly, making it a popular choice for those with food allergies or dietary restrictions. Rice milk is also a good source of calcium and other essential vitamins and minerals. It’s relatively low in calories and fat, making it a good choice for those looking to manage their weight. Rice milk is also low in sugar, making it a better choice than some other popular milks like almond or soy. The rice milk market is a rapidly growing one. As more people become aware of the health benefits of rice milk, more and more people are choosing it as their go-to dairy-free milk. Rice milk is available in many different flavors, from original to vanilla and chocolate. It’s also available in a variety of forms, from boxed to cartons to shelf-stable containers.

Segmentation Analysis

The global rice milk market Insights is segmented by form, category, and distribution channel.

By form, it is segmented into liquid and powder. The liquid segment had accounted for the lion’s share of the global rice milk market due to its use in cereals, desserts, and smoothies. The inherent characteristics of rice milk in eliminating waste and lowering cholesterol levels in the body can drive the global rice milk market demand during the forecast period.

By category, it is segmented into conventional and organic. The conventional segment is predicted to continue dominating the market till 2030 due to the continuous use of conventionally produced rice milk in desserts and beverages. However, the organic segment may experience a windfall and contribute greatly to the overall rice milk market revenue. Awareness of the product as well as inclination towards organic products can drive the segment growth over the forecast timespan.

By distribution channel, it is segmented into store-based and non-store based. Convenience stores, hypermarkets & supermarkets, and others are segments subsumed within the store-based segment. On the other hand, the non-store-based segment consists e-commerce. The store-based segment is expected to be dominant due to the wide distribution network of supermarket and hypermarket chains across countries. On the other hand, the non-store-based segment is projected to register a stellar CAGR during the forecast period due to the successful proliferation of ecommerce stores. The inclination for shopping online by customers can be a potential driver of the segment.

Regional Analysis

Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW) are regions taken into consideration in the compilation of the global rice milk market Outlook report.

North America is likely to retain the top position in the global market till 2030 due to increasing preference for vegan food and beverages and rising numbers of lactose intolerant customers. Europe, on the other hand, is projected to capture a significant market share due to rising adoption of vegan diets among customers.

The APAC region is likely to register the highest CAGR during the forecast period due to the large potential in China and India. The use of rice milk as viable substitutes for dairy milk in beverages, foods, and desserts can drive the regional market growth. Awareness of the products can facilitate regional rice milk market growth.

Competitive Analysis

Major industry participants in the global Key rice milk market Players include Nature's Choice Pty Ltd, Panos Brands, LLC, SunOpta, Inc., The Bridge S.R.L., Fine Japan Co., Ltd., Campbell Soup Company, The Hain Celestial Group, Pureharvest, Vitasoy Australia Products Pty Ltd, WhiteWave Foods, and others.

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