The Rice Milk Market will reach US$551.134 million in 2030 from US$442.004 million in 2025 at a CAGR of 4.51% during the forecast period.
Rice milk is grain milk made by processing rice and is recommended for people who are lactose intolerant and vegan.
The Rice milk market is particularly targeted toward the lactose-free population. It is one of the best alternatives to dairy milk and contains the most carbohydrates compared to almond and soy milk, which is considered one of the key drivers for the growth of the market during the forecast period. In addition, increasing dairy alternative food demand and raising awareness of the benefits of rice milk are expected to drive the global rice milk market.
However, the availability of competitive products like almond and coconut milk and the low market penetration of the product may result in restraint for the rice milk market in the coming years. The North American region holds a significant market share owing to the presence of a high percentage of lactose-intolerant population in the region, coupled with the emerging trend of preferences for vegan food.
Owing to the profusion of gastronomic pursuits around the world that have resulted in food and beverage innovation, the rice milk market is poised to witness exponential growth. Further, increasing health concerns have resulted in marked shifts in dietary patterns among global consumers. They are moving away from milk derived from animals and are increasingly orienting themselves toward plant-based milk products, which include rice milk among others. Additionally, the consumers of the APAC region are more lactose intolerant than in other parts. This too has necessitated the adoption of rice milk, whether in powder or liquid form, consumed directly or indirectly, as a healthy alternative to dairy-based products.
Another factor that would lead to an uptick in the rice milk market is the growing environmental concern pertaining to bovine milk production. The estimated global variation pertaining to 1 liter of milk production with regards to greenhouse gas (GHG) emissions is between 2 to 4 kgs of carbon dioxide equivalents (CO2eq). With regards to terrestrial acidification, 1 liter of milk production amounts to more than 30 grams of sulfur dioxide equivalents (g SO2eq) and leads to eutrophication to the tune of 20 grams of phosphate (g SO2eq). Besides the health concerns, consumers today are aware of the environmental impact of dairy products and are proactively adopting plant-based alternatives to milk, like rice milk. Apart from actively communicating environmental credentials, players in the market are increasingly partaking in the plant-based foods sector.
Moreover, the abundance of raw materials in the APAC region is estimated to further propel the growth of the market. Further, due to the emerging preference for functional beverages, a greater number of players are emerging as well as diversifying into the plant-based milk category. This would lead to significant growth in the rice milk market. The established and ever-expanding distribution networks are projected to further catalyze the growth of the rice milk market.
The rice milk market faces competition from a growing number of substitutes since plant-based alternatives have become a staple in every household across several markets and are not restricted to the diets of vegans only. Besides rice milk, there appears to be a profusion of other plant-based products. For example, the market share of almond milk in the US had been 64%. In the UK, sales of almond milk were to the tune of US$106.9 million, the highest among all categories of plant-based products.
Moreover, consumers’ aspirations for variety, novelty, and the willingness to experiment are a few key reasons that are propelling the emergence of plant-based drinks other than rice milk. As a response to the growth of 11.5%, Sainsbury’s doubled its range of non-dairy milk across 300 stores in the UK. Furthermore, the plant-based market is not saturated, allowing for more alternatives to rice milk. After 92 years in the dairy industry, Elmhurst switched to producing a variety of plant-based milk from almonds, cashews, hazelnuts, oats, and walnuts.
The growing popularity of vegan diets is a significant factor in the rapid adoption of non-dairy milk alternatives. This presents a significant opportunity for rice milk even beyond the forecast periods. Rice milk is one such option. Consumers are increasingly shifting away from bovine milk and toward rice milk, owing to milk protein allergies, lactose intolerance, cultural influences, and so on. One out of every two European and American consumers prefers to consume plant-based milk separately or alongside cow's milk, whereas in LATAM and APAC, two-thirds of total consumers share the aforementioned preference. This has enabled beverage processors and marketers to capitalize on the growing consumer preference for rice milk and increase their portfolio of lactose-free milk brands. Further, countries where consumers are mostly lactose-tolerant are turning towards rice milk, as well.
On the basis of source, the rice milk market has been segmented into organic and inorganic. On the basis of form, the segment has been divided into powdered rice milk and liquid rice milk. Both forms are projected to witness significant growth during the forecast period due to their increasing demand in the food and beverage sector. On the basis of application, the market has been divided into food and bakery & confectionery, beverages, snacks, and others.
The Rice Milk Market Report provides a comprehensive analysis of the global rice milk industry, delivering strategic insights and data-driven forecasts to equip decision-makers with actionable intelligence. This continuously updated report investigates current market trends, growth opportunities, and competitive dynamics, focusing on key flavors such as flavored and unflavored rice milk, processing types including organic and conventional, and functional benefits like fortified, barista, and low-sugar options. It explores forms including powder and fluid rice milk, distribution channels like supermarkets/hypermarkets and online retail, applications such as beverages and baking, and end users like households and food service industries. The report integrates technological advancements, regulatory frameworks, and macroeconomic factors to present a holistic view of the Rice Milk Market.
Rice Milk Market Segmentations:
Rice Milk Market Segmentation by flavor
The market is analyzed by flavor into the following:
Rice Milk Market Segmentation by processing type:
The report analyzes the market by processing type as below:
Rice Milk Market Segmentation by functionality:
The report analyzes the market by functionality as below:
Rice Milk Market Segmentation by form:
The report analyzes the market by form as below:
Rice Milk Market Segmentation by distribution channel:
The report analyzes the market by distribution channel as below:
Rice Milk Market Segmentation by application:
The report analyzes the market by application as below:
Rice Milk Market Segmentation by end-user:
The report analyzes the market by end-user as below:
Rice Milk Market Segmentation by regions:
The study also analysed the Rice Milk Market into the following regions, with country-level forecasts and analysis as below:
Rice Milk Market Competitive Landscape:
The global rice milk sector features leading players such as Rice Dream (Hain Celestial Group), Danone S.A., Oatly AB, Pacific Foods (Campbell Soup Company), SunOpta Inc., Vitasoy International Holdings Ltd., Good Karma Foods, Inc., Blue Diamond Growers, Freedom Foods Group Limited, Fine Japan Co. Ltd, The Bridge Bio and Pureharvest Pty Ltd.
Rice Milk Market Report Coverage:
This report provides extensive coverage as explained in the points below:
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