Rice milk is very similar in taste, flavor, and texture to cow’s milk. It is considered one of the best plant-based alternatives to dairy milk. The report talk about how players in this space are targeting lactose-intolerant, soy-intolerant.
Flavored milk is among the most consumed milk beverage, worldwide, and consumers are keen to try different variants of it. Rice milk manufacturers are thus offering flavored rice milk, which is widely accepted across regions. Rice milk is also the least likely of all milk products to cause allergies. This makes it a good choice for people with lactose intolerance or who have allergies to milk, soy, or nuts.
On the back of these factors, the global rice milk market is expected to witness substantial growth at a CAGR of around 9%, and top a valuation of US$ 1.8 Bn by 2030.
Key Takeaways from Rice Milk Market Study
“The global rice milk market is anticipated to witness exponential growth over the forecast period, owing to increased consumer preference for plant-based products. Rice milk is gaining more traction from the dairy and beverage segments, which is creating lucrative opportunities for key players as well as new entrants in this space,” says a PMR analyst.
Global Rice Milk Market: Competitive Landscape
Key players in the global rice milk market are continuously developing and expanding their product portfolios. They are also aiming to convert their product range into organic and dairy-free products by merging with various other market players.
Key manufacturers in the rice milk landscape are emphasizing on collaborating with various distributors and retailers to increase their product reach in the international market. These collaborations are increasing product penetration in various potential countries across the globe.
Explore More Valuable Insights on Global Rice Milk Market
Persistence Market Research, in its new report, offers an impartial analysis of the global rice milk market, presenting historical data (2015-2019) and estimation statistics for 2020 through 2030. The study offers compelling insights on the rice milk market based on nature (organic and conventional), end use (food and beverage industry, foodservice industry, and retail/household), and distribution channel (business to business and business to consumer), across seven regions.
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Rice Milk , Trend , Market , Size , Share , Value , Region , Europe , Latin America , Food , Beverages , Research , Blogs
Jun 27, 2022