Rice milk is produced from grain rice. It is typically unsweetened and made from brown rice. By a natural enzymatic process that cuts the carbohydrates into sugars, particularly glucose, generates the sweetness in most rice milk varieties. Some rice milks may however be sweetened with sugarcane syrup or other sugars. Rice milk is a great substitute to conventional milk with its benefits including free-from cholesterol & lactose. Rice milk is mostly produced with added fortified elements to overcome the absence of nutrients in it. The rice milk market is targeted towards the vegan & lactose-free population. Increasing awareness regarding health benefits about rice milk consumption is impelling the global rice milk market growth.
According to AMA, the market for Rice Milk is expected to register a CAGR of 13.4% during the forecast period to 2026. This growth is primarily driven by Increasing Cases of Lactose Intolerance, Rise in Dairy Alternative Food Demand and Rapidly Rising Beverage Industry.
Globally, a noticeable market trend is evident Increasing Consumers’ Inclination toward Organic Variants of Rice Milk. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Vitasoy International Holdings Limited (China), Alpro (Belgium), Hain Celestial Group (United States), Fine Japan Co., Ltd. (Japan), Pacific Foods of Oregon, LLC. (United States), The Campbell Soup Company (United States), Pureharvest (Australia), Nature's Choice Pty Ltd (South Africa), Ecoideas (Canada) and Freedom Nutritional Products (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Cases of Lactose Intolerance
- Rise in Dairy Alternative Food Demand
- Rapidly Rising Beverage Industry
- Increasing Consumers’ Inclination toward Organic Variants of Rice Milk
- Low Market Penetration of the Product
- Availability of Competitive Products like Almond and Coconut Milk
Increasing Awareness of the Benefits of Rice Milk Consumption, Advancements in Rice Milk Processing and Untapped Opportunities from Emerging Markets
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rice Milk Study Sheds Light on
The Rice Milk Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rice Milk industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rice Milk industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Rice Milk Market?
The Rice Milk market is expected to see a CAGR of 13.4% during projected year 2020 to 2026.2. Who are the top performing companies in Rice Milk Market?
Top performing companies in the Global Rice Milk market are Vitasoy International Holdings Limited (China), Alpro (Belgium), Hain Celestial Group (United States), Fine Japan Co., Ltd. (Japan), Pacific Foods of Oregon, LLC. (United States), The Campbell Soup Company (United States), Pureharvest (Australia), Nature's Choice Pty Ltd (South Africa), Ecoideas (Canada) and Freedom Nutritional Products (Australia), to name a few.3. Which region dominated the worldwide market for Rice Milk in 2020?
North America is dominating the Rice Milk Market.