Rice Milk Market

By Form;

Powder Rice Milk and Fluid Rice Milk

By Source;

Organic and Conventional

By Distribution Channel;

Supermarket & Hypermarket, Convenience Stores, Food Specialty Stores, Online Retailers and Others

By Geography;

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

Rice Milk Market Overview

Rice Milk Market (USD Million)

Rice Milk Market was valued at USD 1,624.97 million in the year 2024. 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%.


Rice Milk Market

*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

Rice Milk Market

Fragmented - Highly competitive market without dominant players


The rice milk market is witnessing consistent growth as consumers increasingly switch to plant-based beverages over dairy products. Nearly 55% of dairy substitute users now choose rice milk because of its light taste and digestive ease, underscoring the rising demand for vegan-friendly nutrition.

Health Benefits Driving Consumer Choice
Rice milk stands out as a cholesterol-free and lactose-free option, making it highly appealing to health-conscious buyers. About 48% of consumers prefer it for its nutritional value, including low fat and vitamin-rich content. Its suitability for people with lactose intolerance has strengthened its presence in the dairy alternatives category.

Expanding Role in Food and Beverage Applications
The use of rice milk in food and beverage products is rapidly increasing. Over 40% of plant-based beverages, smoothies, and baked goods now feature rice milk for its versatility and mild flavor. Manufacturers are leveraging this ingredient to meet the demand for clean-label and natural formulations.

Product Innovation and Fortification Trends
Innovation continues to shape the rice milk market, with a strong focus on flavored and fortified options. Approximately 35% of new dairy-free product launches highlight rice milk variants enhanced with added nutrients like calcium and vitamins. These developments are designed to enhance taste while addressing functional health needs.

Sustainability and Market Opportunities
Sustainability is a key factor fueling rice milk’s market expansion. Around 42% of eco-conscious consumers prefer beverages with a lower environmental impact, placing rice milk in a favorable position. Combined with its increasing availability across retail channels, the market is set for sustained growth in the future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Source
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. 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. Rice Milk Market, By Form, 2021 - 2031 (USD Million)
      1. Powder Rice Milk
      2. Fluid Rice Milk
    2. Rice Milk Market, By Source, 2021 - 2031 (USD Million)
      1. Organic
      2. Conventional
    3. Rice Milk Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarket & Hypermarket
      2. Convenience Stores
      3. Food Specialty Stores
      4. Online Retailers
      5. Others
    4. 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 Ltd.
      2. Pacific Foods of Oregon, LLC (Campbell Soup Company)
      3. The Hain Celestial Group, Inc.
      4. Danone S.A. (Alpro, Silk)
      5. SunOpta Inc.
      6. Dream Plant Based (The Hain Celestial Group)
      7. RISO Gallo S.p.A.
      8. Earth’s Own Food Company Inc.
      9. Natura Foods (NATURA Nuova S.p.A.)
      10. Fine Japan Co., Ltd.
      11. Pureharvest Pty Ltd.
      12. Dr. Chung’s Food Co., Ltd.
      13. Blue Diamond Growers
      14. Valsoia S.p.A.
      15. Rizopia Food Products Inc.
  7. Analyst Views
  8. Future Outlook of the Market