Global Rice Milk Desserts Market Outlook
Revenue, 2024
$357M
Forecast, 2034
$908M
CAGR, 2025 - 2034
9.8%
The Rice Milk Desserts industry revenue is expected to be around $391.8 million in 2025 and expected to showcase growth with 9.8% CAGR between 2025 and 2034. The popularity of Rice Milk Desserts has soared due to shifting taste preferences and heightened health consciousness among consumers leading to increased economic value for these products. Several significant factors propelling this growth include the growing adoption of veganism and the demand for lactose free options as well, as the trend of exploring diverse dessert choices. Additionally the market expansion is driven by evolving lifestyles, consumption habits and the increasing influence of e commerce which make these specialty products more accessible and widely available.
Desserts made with rice milk are known for their sweetness and nutritional value from the rice milk used in them They offer a tasty option for those with dietary limitations and are favored among vegans lactose intolerant individuals and health conscious individuals Additionally they are praised for their ability to pair well with various flavors adding versatility to dessert options Recent market analysis indicates a growing interest in these desserts leading to their expanded use, in foodservice settings retail outlets and home kitchens.
Market Key Insights
- The Rice Milk Desserts market is projected to grow from $356.8 million in 2024 to $909 million in 2034. This represents a CAGR of 9.8%, reflecting rising demand across Dairy-Free Baking, Vegan Cuisine and Nut-Free Desserts.
- Alpro, Rice Dream, Valsoia are among the leading players in this market, shaping its competitive landscape.
- U.S. and Japan are the top markets within the Rice Milk Desserts market and are expected to observe the growth CAGR of 7.2% to 10.3% between 2024 and 2030.
- Emerging markets including Brazil, Malaysia and South Africa are expected to observe highest growth with CAGR ranging between 9.4% to 12.3%.
- Transition like The Rise of Dairyfree Alternatives is expected to add $29 million to the Rice Milk Desserts market growth by 2030.
- The Rice Milk Desserts market is set to add $552 million between 2024 and 2034, with manufacturer targeting Restaurants & Cafes & Households End-User projected to gain a larger market share.
- With Rising health consciousness, and Technological advancements in food processing, Rice Milk Desserts market to expand 155% between 2024 and 2034.
Opportunities in the Rice Milk Desserts
The growing trend of dairy plant based eating habits has created more opportunities for the popularity of rice milk desserts to soar. These desserts provide an option for individuals who are also lactose intolerant or adhere to a vegan diet thanks to the versatility of rice milk, in creating sweet treats that bring a fresh perspective to diverse dessert offerings.
Growth Opportunities in North America and Asia Pacific
As the leading consumer of Rice Milk Desserts, North America's market shows significant growth potential. This surge is primarily fueled by an increased interest in plant-based diets and dairy substitutes amongst health-conscious consumers. Competition within the region is intense, with industry leaders, including Danone and Hain Celestial dominating the market. However, emerging local brands are progressively gaining ground by offering innovative and diverse flavors of Rice Milk Desserts. Opportunities for growth and expansion exist, particularly in introducing allergen-free and organic options to meet the changing dietary habits and growing concerns around food sensitivities. Key growth drivers include an increased demand for vegan and lactose-free products and growing consumer awareness about the health benefits associated with the consumption of rice milk-based desserts such as low calorie and cholesterol content.
The Asia-Pacific region represents a burgeoning market for Rice Milk Desserts, given the cultural significance of rice-based products in many Asian countries. The competition mirrors the diverse and regional preferences, with local manufacturers and international brands vying for market share. Key players in the region include Want-Want China Holdings Ltd. and Thai President Foods. Opportunities stem from integrating traditional Asian flavors into rice milk desserts, appealing to both domestic and global customers.
Market Dynamics and Supply Chain
01
Driver: Rising Health Consciousness, and Growing Vegan and Vegetarian Populations
In times people worldwide have also shown a notable increase in their focus on health awareness leading to a remarkable rise in the popularity of Desserts made with Rice Milk. This shift in consumer behavior is also largely driven by a growing understanding of the health advantages associated with plant based diets. Packed with nutrients and naturally free of lactose rice milk desserts are also an appealing option, for those looking for dairy free alternatives. Experts predict that this trend will also persist as consumers continue to educate themselves about the benefits of incorporating these treats into their daily eating habits. There is also been a substantial rise in vegan and vegetarian populations globally, which is also conducive to the growing market of rice milk desserts. With their plant-based origins, these desserts cater perfectly to this demographic, fulfilling their need for cruelty-free and eco-conscious choices.
Lately there have also been developments in how rice milk desserts are also made using advanced food processing methods which has also led to a wider range of flavors and textures that people enjoy more and are also willing to buy in the market now compared to before. The improvements in how these dessertsre processed have also made them last longer and feel better when we eat them which makes them a good option for those looking for alternatives to traditional dairy based desserts. These advancements in technology have also really changed the game when it comes to the kinds of rice milk desserts available now and show potential for growth, in this market.
02
Restraint: Limited Consumer Awareness
Despite the increasing trend of vegan and dairy free eating habits among individuals these days there remains a lack of awareness among consumers regarding rice milk desserts. Numerous potential customers tend to opt for known dairy desserts because of the limited promotion and availability of rice milk alternatives in the market. A general lack of knowledge about the benefits and flavor profiles of rice milk treats often hinders the overall demand in the market. Failing to acknowledge the appeal of these desserts, as a healthy and lactose free dietary choice significantly restricts market expansion.
03
Opportunity: Technological Innovations in Food Processing and Strategic Collaborations with Specialty Stores
In the realm of food technology progressions lie methods like high pressure processing pasteurization; these techniques aid in preserving nutrients and prolonging the shelf life of products while retaining their flavor and texture without compromising on food safety standards. This development holds importance, for rice milk desserts as it brings about the introduction of fresher and longer lasting products aimed at meeting the needs of today's health conscious consumers.
The track record of specialty stores that focus on health offers an opportunity for rice milk desserts to thrive in the market space. By partnering with these stores and tapping into their customer base seeking dessert options manufacturers can expand their reach and cater to a broader audience interested, in nutritious sweets. This strategy has the potential to boost the presence and market reach of rice milk desserts significantly.
04
Challenge: Premium Pricing
The process of creating rice milk desserts is more complex and costly than traditional dairy-based dessert processes. The price of raw materials, specifically premium quality rice, coupled with the higher operational costs related to their production, results in a premium pricing strategy for these products. This can often discourage budget-conscious consumers from trying or regularly purchasing these desserts, which serves as a significant on market growth.
Supply Chain Landscape
1
Raw Material Suppliers
Archer Daniels Midland CompanyCargill Incorporated
2
Processing & Extraction
SunOpta Inc.Hain Celestial Group
3
Dessert Manufacturers
Danone SALafitte
4
Distribution Network
Whole Foods Market Inc.Tesco PLC
1
Raw Material Suppliers
Archer Daniels Midland CompanyCargill Incorporated
2
Processing & Extraction
SunOpta Inc.Hain Celestial Group
3
Dessert Manufacturers
Danone SALafitte
4
Distribution Network
Whole Foods Market Inc.Tesco PLC
Applications of Rice Milk Desserts in Dairy-Free Baking, Vegan Cuisine & Nut-Free
Dairy-Free Baking : Rice milk desserts are widely used in the world of baking, providing an excellent dairy-free alternative. Bakers around the globe are utilizing rice milk in recipe formulations to create moist and flavorful desserts like cakes, cookies, and pastries. The creaminess of rice milk gives desserts a smooth and rich texture, making them a delight for the taste buds. Some of the top players in this market include companies like The Dairy-Free Dessert Company and Vegan Treats, Inc., known for their extensive use of rice milk in their dessert recipes.
Nut-Free Desserts : For consumers who suffer from nut allergies, Rice Milk Desserts offer a safe and enjoyable option. Their nut-free nature makes them an ideal choice for people adhering to allergy-specific diets. Rice milk-based ice creams, puddings, and custards are popular choices, with brands like NoNuts Galore and Allergen-Free Sweets capitalizing on this demand.
Vegan Cuisine : The vegan market is another significant consumer base for Rice Milk Desserts. With the rise in veganism, dessert options that cater to this specific dietary need have expanded, and rice milk is a popular ingredient in vegan sweet dishes. Its mild flavor works well with various components, and it enhances the overall taste and texture of desserts.
Recent Developments
December 2024 : The adoption of innovative technology by Nestl to enhance the creaminess and flavor of their Rice Milk Desserts has set a new trend in the market. This has made their products more appealing to the health-conscious consumers creating a significant impact on the Rice Milk Desserts industry.
October 2024 : The release of a new Rice Milk Dessert line by Galaxy Gourmet, incorporating exotic flavour profiles like Coconut Mango and Pineapple Passion, has documented record-breaking sales, illustrating a shift in consumer preferences towards novel, tropical tastes.
August 2024 : Yummy Corp broke ground by launching a dairy-free, gluten-free, and vegan friendly Rice Milk Dessert range, showcasing a swift response to emerging market demands catering to consumers with specific dietary requirements.
In the rapidly evolving food industry, new trends consistently emerge that reshape market dynamics. One such emerging trend is the skyrocketing popularity of rice milk desserts. The increase in consumer preference for dairy-free, vegan-friendly, and lactose-free products has significantly boosted the market for desserts made with rice milk.
Impact of Industry Transitions on the Rice Milk Desserts Market
As a core segment of the Packaged & Processed F&B industry,
the Rice Milk Desserts market develops in line with broader industry shifts.
Over recent years, transitions such as The Rise of Dairyfree Alternatives and The Emergence of Healthconscious Indulgence have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Rice Milk Desserts market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
The Rise of Dairyfree Alternatives
The shift towards plantbased diets has ushered in a period characterized by immense growth of dairyfree options in the dessert industry. Rice milk desserts, an appetizingly innovative segment of this transition, have gained rapid acceptance due to the uniquely creamy texture and subtle sweetness provided by rice milk. Additionally, rice milks hypoallergenic properties have given rise to an expanding consumer base encompassing not only the lactoseintolerant but also those with nut and soy allergies. This transition has had a monumental impact on the food and beverage industry, resulting in the introduction of several innovative and diversified dairyfree products. This rise in demand has necessitated changes to the production and distribution processes of manufacturers, who are now investing heavily in creating variety in their product offerings to cater to these new consumer preferences. This industry transition is expected to add $29 million in the industry revenue between 2024 and 2030.
02
The Emergence of Healthconscious Indulgence
The rise in health consciousness among consumers has led to a surge in demand for desserts that balance taste and nutritional benefits.