Rice Milk Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Rice Milk Market is segmented by Form (Powder rice milk and Fluid rice milk), By Source (Organic and Conventional), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Food Specialty Stores, Online Retailers, and Others); and by Geography.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 14 %

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Market Overview

The global rice milk market is projected to grow at a CAGR of 14% during the forecast period (2020-2025).

  • Rice Milk is a great alternative for consumers who are lactose intolerant and cannot consume any dairy product. It is primarily produced from the rice whole grains of brown rice. It is an alternative to conventional milk with benefits such as free-from cholesterol and lactose.
  • The increasing prevalence of non-dairy milk products and rising adoption of vegan diets are resulting in manufacturers substituting ingredients high in lactose content with rice milk which is driving the rice milk market.  

 

Scope of the Report

The global rice milk market is segmented by form, source, and distribution channel. On the basis of form, the market is segmented into powder rice milk and fluid rice milk. On the basis of source, the market is segmented into organic and conventional. On the basis of distribution channels, the market is segmented into supermarket/hypermarket, convenience stores, food specialty stores, online retailers, and others. On the basis of geography, the study provides an analysis of the rice milk market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, and Rest of the World.

By Form
Powder rice milk
Fluid rice milk
By Source
Organic
Conventional
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Food Specialty Stores
Online Retailers
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East
Africa

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Key Market Trends

Increasing Demand for Dairy Alternative Food

Increasing dairy alternative food demand and raising awareness of the benefits of rice milk are expected to drive the global rice milk market. Additionally, rice milk is mild in taste and is naturally sweet in flavor. It has a slightly watery consistency and is great to drink on its own as well as in smoothies, in desserts and with cereals. Of all the non-dairy milk alternatives, rice milk contains the most carbohydrates — around three times as many as almond milk or soy milk. These factors are fuelling the growth of the rice milk market in the economy.

rice milk market1

North America Dominates the Global Market

North America dominates the global rice milk market as a high percentage of lactose intolerant population is present with an emerging trend for vegan food preferences. Europe is an attractive market as the shift in consumer preference has been observed in the last few years. Asia-Pacific is anticipated to grow at a significant growth during the forecast period owing to the high lactose intolerant population is present also the growing awareness among the consumers concerning the unmatched benefits offered by rice milk like vitamin A, rich source of calcium, and vitamin B is spiraling the growth of the product in the Asia Pacific region.

rice milk market2

Competitive Landscape

Players operating in the industry have adopted many attractive promotional and cross-selling strategies in order to boost their online sales and capture the maximum market share. Some of the major key players in the rice milk market, globally includes Vitasoy Australia Products Pty Ltd, The Hain Celestial Group, Inc, Nature's Choice, Pureharvest Pty ltd, SunOpta Inc., Fine Japan Co. Ltd., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Form

      1. 5.1.1 Powder rice milk

      2. 5.1.2 Fluid rice milk

    2. 5.2 By Source

      1. 5.2.1 Organic

      2. 5.2.2 Conventional

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarket/Hypermarket

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Food Specialty Stores

      4. 5.3.4 Online Retailers

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 South America

        2. 5.4.4.2 Middle East

        3. 5.4.4.3 Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Vitasoy Australia Products Pty Ltd

      2. 6.4.2 Gan Teck Kar Foods

      3. 6.4.3 The Hain Celestial Group, Inc

      4. 6.4.4 Pureharvest Pty ltd

      5. 6.4.5 Nature's Choice

      6. 6.4.6 Panos Brands Llc

      7. 6.4.7 WhiteWave Foods

      8. 6.4.8 SunOpta Inc.

      9. 6.4.9 The Bridge s.r.l

      10. 6.4.10 Fine Japan Co. Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Rice Milk Market market is studied from 2016 - 2026.

The Rice Milk Market is growing at a CAGR of 14% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Vitasoy Australia Products Pty Ltd, Gan Teck Kar Foods, The Hain Celestial Group, Inc, SunOpta Inc., Pureharvest Pty ltd are the major companies operating in Rice Milk Market.

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