Global Rice Milk Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Plain Rice Milk and Flavored Rice Milk.

By Rice Milk Distribution;

Store-Based and Non-Store-Based Source.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn123733438 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Rice Milk Market (USD Million), 2021 - 2031

In the year 2024, the Global Rice Milk Market was valued at USD 1,624.97 million. The size of this market is expected to increase to USD 3,097.74 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.7%.


Global Rice Milk Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 9.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.7 %
Market Size (2024)USD 1,624.97 Million
Market Size (2031)USD 3,097.74 Million
Market ConcentrationMedium
Report Pages315
1,624.97
2024
3,097.74
2031

Major Players

  • Vitasoy International Holdings
  • Gan Teck Kar Foods
  • The Hain Celestial Group
  • SunOpta
  • Pureharvest
  • Nature's Choice
  • Panos Brands LLC (Better Than Milk)
  • WhiteWave Foods
  • The Bridge s.r.l

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Rice Milk Market

Fragmented - Highly competitive market without dominant players


Rice milk emerges as a promising alternative for individuals with lactose intolerance or those opting for a dairy-free lifestyle. Crafted primarily from whole rice grains, particularly brown rice, this milk substitute offers a cholesterol-free and lactose-free option compared to traditional dairy milk. The escalating demand for non-dairy milk products and the surging adoption of vegan diets are propelling the growth of the rice milk market, with manufacturers increasingly turning to rice milk as a substitute for ingredients high in lactose.

With a growing segment of the population experiencing lactose intolerance, soy intolerance, or nut allergies, rice milk has gained traction as a viable dairy alternative. Its similarity in flavor, texture, and taste to cow's milk makes it a compelling choice for consumers seeking an alternative that closely mimics conventional milk. Moreover, rice milk powder finds application in the baby food sector, offering higher carbohydrate content than other milk varieties.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, ByRice Milk Distribution
    3. Market Snapshot, By Region
  4. Global Rice Milk Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise of Plant-Based Diets
        2. Lactose Intolerance and Allergies
        3. Health and Wellness Trends
      2. Restraints
        1. Limited Nutritional Value
        2. Price Point
        3. Environmental Impact
      3. Opportunities
        1. Product Innovation
        2. Focus on Sustainability
        3. Expansion into New Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Rice Milk Market, By Product, 2021 - 2031 (USD Million)
      1. Plain rice milk
      2. Flavored rice milk
    2. Global Rice Milk Market, By Rice Milk Distribution , 2021 - 2031 (USD Million)
      1. Store-Based
      2. Non-Store-Based Source
    3. Global Rice Milk Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Vitasoy International Holdings
      2. Gan Teck Kar Foods
      3. The Hain Celestial Group
      4. SunOpta
      5. Pureharvest
      6. Nature's Choice
      7. Panos Brands LLC (Better Than Milk)
      8. WhiteWave Foods
      9. The Bridge s.r.l
  7. Analyst Views
  8. Future Outlook of the Market