Rice Milk Market Size, Share, Opportunities, And Trends By Flavor (Flavored Rice Milk, Unflavored Rice Milk), By Processing Type (Organic Rice Milk, Conventional Rice Milk), By Functionality (Fortified Rice Milk, Barista Rice Milk, Low-Sugar or Sugar-Free Rice Milk), By Form (Powder Rice Milk, Fluid Rice Milk), By Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Convenience Stores, Others), By Application (Beverages, Baking, Cooking, Dairy Alternative Products, Others), And By Geography - Forecasts From 2025 to 2030

Rice Milk Market Size:

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.

Rice Milk Market Trends:

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.

Rice Milk Market Drivers

• Growing vegan and lactose-free population
• Expanding the non-dairy milk industry

Rice Milk Market Restraints

• High cost involved
• Lack of product awareness
• Availability of substitutes

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. 

• Available Rice Milk Substitutes

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:

• Flavored Rice Milk
• Unflavored Rice Milk

Rice Milk Market Segmentation by processing type:

The report analyzes the market by processing type as below:

• Organic Rice Milk
• Conventional Rice Milk

Rice Milk Market Segmentation by functionality:

The report analyzes the market by functionality as below:

• Fortified Rice Milk 
• Barista Rice Milk 
• Low-Sugar or Sugar-Free Rice Milk

Rice Milk Market Segmentation by form:

The report analyzes the market by form as below:

• Powder Rice Milk
• Fluid Rice Milk

Rice Milk Market Segmentation by distribution channel:

The report analyzes the market by distribution channel as below:

• Supermarkets/Hypermarkets
• Online Retail
• Specialty Stores
• Convenience Stores
• Others

Rice Milk Market Segmentation by application:

The report analyzes the market by application as below:

• Beverages
• Baking
• Cooking
• Dairy Alternative Products 
• Others

Rice Milk Market Segmentation by end-user:

The report analyzes the market by end-user as below:

• Households
• Food Service Industry
• Industrial Use

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:

• North America (US, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain, and Others
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

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:

• Market size, forecasts, and trends by drug class, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas
• Market size, forecasts, and trends by spectrum of activity, with historical revenue data and analysis
• Market size, forecasts, and trends by route of administration, with historical revenue data and analysis
• Market size, forecasts, and trends by application, with historical revenue data and analysis across various sectors
• Market size, forecasts, and trends across different regions, with historical data, regional share, attractiveness, and opportunities in various countries, alongside growth prospects and key players operating in these markets
• Analysis of macroeconomic factors, economic scenarios, and other complementing factors aiding market growth
• Market dynamics: Detailed coverage of growth factors, restraints, and opportunities, presented with a complete market scenario using Porter’s Five Forces model
• Competitive Intelligence: A thorough investigation of the competitive structure through a proprietary vendor matrix model, market share analysis of key players, insights on strategies, and recent major developments undertaken by companies to gain a competitive edge
• Research methodology: Assumptions and sources considered to arrive at final market estimates, refined through bottom-up and top-down approaches to enhance forecast reliability and trustworthiness

How this report is helpful to you and reasons for purchase?

• This report provides a strategic outlook of the Rice Milk Market to the decision-makers, analysts and other stakeholders in an easy-to-read format for making informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and emails for timely clarification and incorporating additional requests. 
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• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. RICE MILK MARKET BY FLAVOR

5.1. Introduction

5.2. Flavored Rice Milk

5.3. Unflavored Rice Milk

6. RICE MILK MARKET BY PROCESSING TYPE

6.1. Introduction

6.2. Organic Rice Milk

6.3. Conventional Rice Milk

7. RICE MILK MARKET BY FUNCTIONALITY

7.1. Introduction

7.2. Fortified Rice Milk

7.3. Barista Rice Milk

7.4. Low-Sugar or Sugar-Free Rice Milk

8. RICE MILK MARKET BY FORM

8.1. Introduction

8.2. Powder Rice Milk

8.3. Fluid Rice Milk

9. RICE MILK MARKET BY DISTRIBUTION CHANNEL

9.1. Introduction

9.2. Supermarkets/Hypermarkets

9.3. Online Retail

9.4. Specialty Stores

9.5. Convenience Stores

9.6. Others

10. RICE MILK MARKET BY APPLICATION

10.1. Introduction

10.2. Beverages

10.3. Baking

10.4. Cooking

10.5. Dairy Alternative Products

10.6. Others

11. RICE MILK MARKET BY END-USER

11.1. Introduction

11.2. Households

11.3. Food Service Industry

11.4. Industrial Use

12. RICE MILK MARKET BY GEOGRAPHY

12.1. Introduction

12.2. North America

12.2.1. USA

12.2.2. Canada

12.2.3. Mexico

12.3. South America

12.3.1. Brazil

12.3.2. Argentina

12.3.3. Others

12.4. Europe

12.4.1. United Kingdom

12.4.2. Germany

12.4.3. France

12.4.4. Italy

12.4.5. Spain

12.4.6. Others

12.5. Middle East and Africa

12.5.1. Saudi Arabia

12.5.2. UAE

12.5.3. Others

12.6. Asia Pacific

12.6.1. China

12.6.2. Japan

12.6.3. India

12.6.4. South Korea

12.6.5. Taiwan

12.6.6. Thailand

12.6.7. Indosneisa

12.6.8. Others

13. COMPETITIVE ENVIRONMENT AND ANALYSIS

13.1. Major Players and Strategy Analysis

13.2. Market Share Analysis

13.3. Mergers, Acquisitions, Agreements, and Collaborations

13.4. Competitive Dashboard

14. COMPANY PROFILES

14.1. Rice Dream (Hain Celestial Group)

14.2. Danone S.A.

14.3. Oatly AB

14.4. Pacific Foods (Campbell Soup Company)

14.5. SunOpta Inc.

14.6. Vitasoy International Holdings Ltd.

14.7. Good Karma Foods, Inc.

14.8. Blue Diamond Growers

14.9. Freedom Foods Group Limited

14.10. Fine Japan Co. Ltd

14.11. The Bridge Bio

14.12. Pureharvest Pty Ltd

15. APPENDIX

15.1. Currency 

15.2. Assumptions

15.3. Base and Forecast Years Timeline

15.4. Key benefits for the stakeholders

15.5. Research Methodology 

15.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

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

Pureharvest Pty Ltd