Global Rice Milk Market Outlook
Revenue, 2024
$317M
Forecast, 2034
$703M
CAGR, 2025 - 2034
8.3%
The Rice Milk industry revenue is expected to be around $343.3 million in 2025 and expected to showcase growth with 8.3% CAGR between 2025 and 2034. The substantial expansion of the rice milk industry is expected considering its increasing popularity is not only unexpected at all. Soaring health awareness among consumers and a rising inclination towards lactose alternatives are driving factors behind its continued significance. Moreover the shift in consumer diets towards plant based items has amplified the need for rice milk making it an essential component of diets and a favored option, among households and businesses globally.
Plant based rice milk is a dairy alternative made from rice grains known for its subtle sweetness and nutritional perks that make it a versatile choice for cooking and beverages alike! Its highly appreciated by vegans and those with intolerance or health conscious preferences due, to its wide market appeal.
Market Key Insights
- The Rice Milk market is projected to grow from $317.0 million in 2024 to $704 million in 2034. This represents a CAGR of 8.3%, reflecting rising demand across Plant-Based Beverages Market, Baking and Confectionery Industry and Cereal Ingredient Market.
- Danone S.A., Earth's Own Food Company Inc., Eden Foods Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Rice Milk market and are expected to observe the growth CAGR of 6.1% to 8.7% between 2024 and 2030.
- Emerging markets including Indonesia, Philippines and Vietnam are expected to observe highest growth with CAGR ranging between 8.0% to 10.4%.
- Transition like Health Consciousness Shift is expected to add $19 million to the Rice Milk market growth by 2030.
- The Rice Milk market is set to add $387 million between 2024 and 2034, with manufacturer targeting Restaurants & Cafes End-User projected to gain a larger market share.
- With Rising veganism, and Health and wellness trend, Rice Milk market to expand 122% between 2024 and 2034.
Opportunities in the Rice Milk
The rice milk industry has room for growth through advancements that enhance texture and taste while also boosting nutritional value. Key factors for staying ahead in the market competition. By incorporating AI and ML into the manufacturing process of rice milk production can be made efficient and less wasteful.
Growth Opportunities in North America and Europe
The American market shows great promise for rice milk as the demand rises among those with lactose intolerance and a growing vegan community is emerging in the region too! People are becoming more health conscious. Are seeking plant based options as well as tasty alternatives like rice milk that are free from allergens such as nuts and soy intolerance issues! Brands, like Dream and Rice Dream are expanding their reach. Improving their marketing efforts to stay ahead in this competitive landscape!Market forces are influenced by consumer demand for products they prefer the most and the widespread availability of these products. Technological advancements in processing play a significant role, in shaping market trends.
In Europe's rice milk market dominated by countries like the UK and Germany well as France holds promising growth opportunities due to the rise in veganism and the demand for lactose free and dairy free options on the rise. The preference for plant based diets in Europe has boosted the appeal of rice milk, on the market. Alpro and Provamel are brands that have taken advantage of this trend to thrive in a market landscape. There are chances, in using eco friendly manufacturing techniques and broadening the range of products to meet changing consumer needs.
Market Dynamics and Supply Chain
01
Driver: Rising Veganism, and Technological Advancements in Dairy Alternatives Production
The rise of veganism has also led to an increase in the popularity of plant based dairy substitutes such as rice milk is also on the rise due to its appeal, among consumers embracing plant based diets. New methods of production are also enhancing the taste and consistency of plant based alternatives such, as rice milk thus driving growth in the rice milk industry by catering to diverse consumer tastes and preferences effectively.
The growing focus on health and well being is also motivating individuals to choose items that are also low in fat and cholesterol. Rice milk aligns well with these preferences. Is also considered a healthy dietary choice that is also driving up its popularity, in the market.
02
Restraint: High Production Costs
The rice milk market encounters an obstacle due to the expensive production process involved in making this dairy alternative beverage. The production of rice milk involves steps such as rice harvesting processing packaging and distribution contributing to the overall high production expenses leading to elevated retail prices making this product less affordable for budget conscious consumers This could impact market demand directly and hinder potential market expansion as consumers might choose cheaper options reducing the demand, for rice milk.
03
Opportunity: Untapped Market Segments and Strategic Partnerships for Rice Milk Market Expansion
The increasing prevalence of intolerance and the growing popularity of veganism globally have opened up a new opportunity for rice milk in the market sector that remains largely untapped today. By launching marketing strategies that position rice milk as a wholesome and plant based substitute for traditional cows milk options can greatly enhance its market reach and attract a wider customer base. Moreover by enriching rice milk with nutrients it can effectively meet the rising demands, from fitness enthusiasts thereby expanding its consumer base to a more diverse audience.
Collaborating strategically or engaging in mergers and acquisitions can open up promising opportunities, in the rice milkindustry'smarket landscape. Teaming up with companies or organizations can assist global producers in navigating regulatory frameworks more effectively and tailoring their products to meet consumer demands accurately. Such initiatives could result in increased market presence. Heightened brand recognition.
04
Challenge: Alternative Dairy-Free Options
Rice milk also competes in a market filled with various dairy free alternatives such as almond milk and soy milk that are gaining popularity among health conscious consumers due, to their nutrient rich profiles.
Supply Chain Landscape
1
Raw Material Procurement
BASF SECargill Incorporated
2
Ingredient Processing
Danone S.ANestle S.A
3
Production
Hain Celestial GroupSunOpta Inc
4
Sales & Distribution
Whole Foods Market IncWalmart Inc
1
Raw Material Procurement
BASF SECargill Incorporated
2
Ingredient Processing
Danone S.ANestle S.A
3
Production
Hain Celestial GroupSunOpta Inc
4
Sales & Distribution
Whole Foods Market IncWalmart Inc
Use Cases of Rice Milk in Plant-Based Beverages Market & Baking
Plant-Based Beverages Market : Rice milk is a non dairy option in the plant based drinks industry for its light texture and subtle taste preference among consumers who are lactose intolerant or opt for vegan alternatives. The market features known brands, like Dream Rice Milk and Rice Dream that offer a variety of rice milk options to cater to different consumer preferences and solidify their market presence.
Cereal Ingredient Market : In the realm of cereal ingredients rice milk serves predominantly as an alternative to regular milk. Enriched rice milks fortification properties make it a wise selection bringing benefits to a balanced morning meal plan. Brands such as Silk and Earths Own Food Company are capitalizing on this usage providing rice milk to improve the nutritional content of cereals. This has established their presence as players, in the changing landscape of cereal ingredients.
Baking and Confectionery Industry : With its velvety consistency and subtle taste profile rice milk has become a choice in baking and dessert making. In this domain whole grain rice milk is widely employed in culinary creations like cookies, cakes and pastries resultng in delicious dairy free indulgences. Known labels such, as Organ Rice Milk and Pacific Foods dominate this sector by providing high quality rice milk tailored for baking purposes.
Recent Developments
The popularity of rice milk in the dairy alternative sector has been on the rise among consumers for its health advantages and hypoallergenic features which have led to a significant change in market trends driven by the increasing awareness of lactose intolerance concerns and the preference for plant based diets, among customers.
December 2024 : Alpro introduced a range of fortified rice milk products, with the goal of appealing to the growing number of health conscious consumers.
October 2024 : Exciting news; Rice Dream is growing its presence in the market with the launch of new production plants, in both China and South Korea.
August 2024 : Pacific Foods is introducing eco friendly packaging, for its rice milk items showcasing its dedication to sustainability practices.
Impact of Industry Transitions on the Rice Milk Market
As a core segment of the Packaged & Processed F&B industry,
the Rice Milk market develops in line with broader industry shifts.
Over recent years, transitions such as Health Consciousness Shift and Technological Advancements Impacting Production have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Rice Milk market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Health Consciousness Shift
There is a change occurring in consumer choices and industry patterns worldwide right now; a swift movement towards plant based diets driven mainly by health awareness and a growing understanding of the environmental impact of food production. This transition has led to an increase in the desire for plant based products with rice milk specifically gaining popularity as an alternative to dairy products due, to its lactose free nature and low cholesterol and fat content which resonates well with the current health conscious wave. Not is it seeing a rise in demand itself. Its also impacting other sectors by substituting dairy ingredients in items such, as ice cream, pastries and morning cereals.
02
Technological Advancements Impacting Production
The rice milk industry has undergone a shift with the integration of cutting edge technology, into its production methods. Modern equipment and creative techniques have enabled the large scale manufacturing of rice milk to be both practical and cost effective. One example is the adoption of high pressure processing which has improved the safety and longevity of rice milk without relying on preservatives.