Rice Milk Market
By Form;
Powder Rice Milk and Fluid Rice MilkBy Source;
Organic and ConventionalBy Distribution Channel;
Supermarket & Hypermarket, Convenience Stores, Food Specialty Stores, Online Retailers and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 9.7 % | 
| Market Size (2024) | USD 1,624.97 Million | 
| Market Size (2031) | USD 3,097.74 Million | 
| Market Concentration | Medium | 
| Report Pages | 315 | 
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.
Rice Milk Market Key Takeaways
-  Market growth is driven by the increasing demand for lactose-free, vegan, and allergen-free beverages as consumers shift toward plant-based alternatives to dairy products. 
-  North America leads the market, followed by Europe, with Asia Pacific expected to experience the highest growth due to rising lactose intolerance and adoption of plant-based diets in countries like China and India. 
-  Flavored rice milk variants such as vanilla, chocolate, and matcha are becoming increasingly popular as manufacturers innovate to meet diverse consumer preferences. 
-  Retail channels, including supermarkets, hypermarkets, and online platforms, continue to be the primary distribution channels, contributing to widespread market penetration. 
-  Key players in the market include Vitasoy Australia Products Pty Ltd, The Hain Celestial Group, SunOpta Inc., and Pureharvest Pty Ltd, focusing on expanding their product offerings and geographic reach. 
Rice Milk Market Recent Developments
-  In July 2024, a snack manufacturer launched flavored rice cakes with added protein and fiber, targeting health-conscious millennials and fitness enthusiasts. 
-  In February 2021, a company introduced organic rice cakes with minimal processing, catering to clean-label product demand. 
Rice Milk Market Segment Analysis
In this report, the Rice Milk Market has been segmented by Form, Source, Distribution Channel and Geography.
Rice Milk Market Segmentation by Form
The Rice Milk Market is segmented by Form to reflect consumer preferences for convenience versus formulation control. Producers strategize across product lines to optimize shelf stability, nutrient fortification, and processing efficiency while responding to clean-label and plant-based demand trends. Packaging innovation and processing partnerships are critical to scaling distribution and improving product margins.
Powder Rice Milk
Powder rice milk offers advantages in logistics, extended shelf life, and cost-effective transport, making it attractive for bulk buyers and foodservice channels. Manufacturers focus on solubility technologies and micronutrient fortification partnerships to improve functional positioning and support geographic expansion into regions with limited cold-chain infrastructure.
Fluid Rice Milk
Fluid rice milk dominates retail visibility due to convenience and ready-to-drink appeal, driving investments in packaging innovation and in-store placement. Brands emphasize clean labeling, flavor variants, and refrigeration logistics as core strategies to increase penetration in mainstream supermarkets and specialty health retailers.
Rice Milk Market Segmentation by Source
The market by Source distinguishes between Organic and Conventional offerings, reflecting consumer segmentation by ingredient provenance and sustainability preferences. Organic formulations are leveraged for premium positioning and certification-driven trust, while conventional lines prioritize affordability and scale, enabling broader retail distribution and private-label partnerships.
Organic
Organic rice milk is positioned on sustainability and traceability, attracting health-conscious consumers and specialty channels. Producers invest in certification, supplier collaborations, and transparent sourcing narratives to justify premium pricing and to support entry into eco-focused retail assortments.
Conventional
Conventional rice milk emphasizes cost-competitiveness and broad accessibility through mainstream retail. Scale manufacturing, ingredient optimization, and private-label deals drive volume growth while companies work on incremental improvements in label clarity and perceived naturalness to retain consumer trust.
Rice Milk Market Segmentation by Distribution Channel
Segmentation by Distribution Channel highlights how channel strategies shape reach and consumer adoption. Each channel demands tailored packaging, promotion, and supply chain alignment to support trial, repeat purchase, and subscription models. E-commerce and specialty channels enable direct engagement while traditional retailers provide scale and visibility.
Supermarket & Hypermarket
Supermarkets and hypermarkets are primary revenue drivers due to high footfall and category adjacency opportunities. Brands collaborate with retail buyers on promotional programs, private-label assortments, and strategic shelf placement to drive mainstream adoption and capture incremental shopper traffic.
Convenience Stores
Convenience stores contribute to impulse and on-the-go consumption, requiring compact packaging and rotational SKU strategies. Manufacturers pursue distribution agreements and fast-replenishment logistics to ensure freshness and consistent availability in high-turn locations.
Food Specialty Stores
Food specialty stores support premium and certified organic rice milk SKUs, enabling brands to communicate provenance and functional benefits. These channels foster brand storytelling, tasting events, and partnerships with nutritionists to build credibility among niche consumers.
Online Retailers
Online retailers enable direct-to-consumer engagement, subscription models, and data-driven marketing. E-commerce channels support targeted launches, bundle offers, and rapid geographic testing, with logistics partners optimizing cold-chain or dry fulfillment depending on product form.
Others
Other channels, including foodservice and direct trade, provide strategic avenues for product trials and bulk usage. Collaboration with institutional buyers and QSR chains can accelerate volume uptake and support formulation adaptations for culinary applications.
Rice Milk Market Segmentation by Geography
In this report, the Rice Milk Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America represents a key market driven by high awareness of plant-based alternatives, strong retail networks, and active innovation by both mainstream and niche brands. Strategic partnerships with retailers and online platforms fuel adoption while investment in product differentiation and certifications supports premium positioning within health-focused consumer segments.
Europe
Europe emphasizes regulatory compliance and sustainability, where consumers prioritize organic sourcing and transparent labeling. Brands pursue collaborations with regional growers and co-packers to ensure traceability, and retailers allocate dedicated shelf space to plant-based dairy alternatives to capture evolving consumer demand across urban centers.
Asia Pacific
Asia Pacific is characterized by both high production potential and growing consumption, with rice as a culturally significant ingredient offering native advantage. Market strategies focus on localized flavors, affordability, and expanding e-commerce distribution to reach a broad base of emerging middle-class consumers and institutional buyers.
Middle East & Africa
Middle East & Africa shows selective adoption driven by urbanization and premium retail growth; manufacturers leverage regional distribution partnerships and halal/quality certifications to build trust. Channel expansion and targeted marketing campaigns are pivotal to increasing visibility in grocery and specialty health outlets.
Latin America
Latin America presents opportunities through growing health awareness and modern retail expansion, where rice milk gains traction as a lactose-free alternative. Brands focus on affordability, localized sourcing agreements, and joint ventures with regional distributors to scale availability across both supermarkets and online platforms.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Rice Milk Market. These factors include; Market Drivers, Restraints and Opportunities Analysis .
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rise of Plant-Based Diets
- Lactose Intolerance and Allergies
-  Health and Wellness Trends - The Global Rice Milk Market is experiencing significant growth attributed to prevailing health and wellness trends driving consumer preferences. As more individuals embrace healthier lifestyles and dietary choices, the demand for alternative milk products like rice milk continues to surge. One of the primary drivers behind this trend is the increasing prevalence of lactose intolerance and dairy-related allergies among consumers worldwide. Rice milk serves as a suitable substitute for traditional dairy milk, offering a lactose-free and hypoallergenic option for those with sensitivities or dietary restrictions. 
Restraints :
- Limited Nutritional Value
- Price Point
-  Environmental Impact - The Global Rice Milk Market is increasingly recognizing the importance of environmental sustainability, driving efforts to minimize its ecological footprint across various stages of production, distribution, and consumption. One significant aspect of environmental impact mitigation within the rice milk market involves sustainable sourcing practices. Manufacturers are increasingly prioritizing partnerships with rice growers who employ eco-friendly farming techniques, such as organic cultivation methods and reduced water usage. By promoting sustainable agriculture, the industry aims to minimize the environmental strain associated with rice cultivation, including water depletion, soil degradation, and pesticide pollution. 
Opportunities :
- Product Innovation
- Focus on Sustainability
-  Expansion into New Markets - The global rice milk market is witnessing a significant expansion into new markets driven by various factors such as changing consumer preferences, dietary trends, and increased awareness of lactose intolerance and dairy allergies. As consumers become more health-conscious and seek alternative plant-based options, the demand for rice milk has surged, prompting manufacturers to explore new geographical markets. One key factor driving the expansion of the rice milk market into new territories is the rising prevalence of lactose intolerance and dairy allergies among consumers worldwide. Rice milk serves as an excellent alternative for individuals who are unable to consume dairy products due to lactose intolerance or other dietary restrictions. This growing awareness of dietary sensitivities has led to increased adoption of rice milk as a dairy-free, plant-based alternative, thereby expanding its market presence globally. 
Rice Milk Market Competitive Landscape Analysis
Rice Milk Market has experienced notable growth in recent years due to changing consumer preferences towards plant-based alternatives. The rise in demand for dairy-free products has encouraged companies to adopt strategies focused on innovation, technological advancements, and collaboration. Mergers and partnerships have further enhanced market positioning, contributing to increased market penetration and consumer awareness.
Market Structure and Concentration
The rice milk market is witnessing a shift towards a more concentrated structure, with key players consolidating their position through strategic alliances and expansion. This has resulted in a market dominated by a few large companies, while regional players continue to innovate and capture niche segments. Market concentration has facilitated growth in market share and operational efficiencies.
Brand and Channel Strategies
Brands are adopting diverse channel strategies, including online and offline retail, to reach a broad consumer base. The use of digital platforms has enhanced customer engagement and product availability. Brand positioning is increasingly tied to consumer demands for sustainability and healthier lifestyles, with strategic partnerships being a driving factor behind expansion.
Innovation Drivers and Technological Advancements
Innovation is at the forefront of the rice milk market, with companies focusing on technological advancements to enhance product quality and improve manufacturing processes. Research and development in areas such as flavor enhancement, packaging, and shelf life extension are key drivers of market growth, fostering a competitive advantage for leading players.
Regional Momentum and Expansion
The rice milk market is experiencing significant expansion in regions where plant-based diets are increasingly popular. Companies are exploring new regional markets by leveraging collaborations and distribution channels to tap into emerging demand. Geographic expansion and consumer education are vital to sustaining this growth, especially in areas with a rising interest in dairy-free alternatives.
Future Outlook
The future of the rice milk market looks promising, driven by continuous innovation, expansion into new regions, and increased consumer awareness of health benefits. Companies are expected to focus on further growth strategies, strengthening their market presence through mergers, acquisitions, and the development of new product lines to meet evolving consumer preferences.
Key players in Rice Milk Market include:
- Vitasoy International Holdings Ltd.
- Pacific Foods of Oregon, LLC (Campbell Soup Company)
- The Hain Celestial Group, Inc.
- Danone S.A. (Alpro, Silk)
- SunOpta Inc.
- Dream Plant Based (The Hain Celestial Group)
- RISO Gallo S.p.A.
- Earth’s Own Food Company Inc.
- Natura Foods (NATURA Nuova S.p.A.)
- Fine Japan Co., Ltd.
- Pureharvest Pty Ltd.
- Dr. Chung’s Food Co., Ltd.
- Blue Diamond Growers
- Valsoia S.p.A.
- Rizopia Food Products Inc.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Form
- Market Snapshot, By Source
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
 
- Rice Milk Market Dynamics - Drivers, Restraints and Opportunities - Drivers - Rise of Plant-Based Diets
- Lactose Intolerance and Allergies
- Health and Wellness Trends
 
- Restraints - Limited Nutritional Value
- Price Point
- Environmental Impact
 
- Opportunities - Product Innovation
- Focus on Sustainability
- Expansion into New Markets
 
 
- Drivers 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
-  Competitive Rivalry 
 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Rice Milk Market, By Form, 2021 - 2031 (USD Million) - Powder Rice Milk
- Fluid Rice Milk
 
- Rice Milk Market, By Source, 2021 - 2031 (USD Million) - Organic
- Conventional
 
- Rice Milk Market, By Distribution Channel, 2021 - 2031 (USD Million) - Supermarket & Hypermarket
- Convenience Stores
- Food Specialty Stores
- Online Retailers
- Others
 
- Rice Milk Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Rice Milk Market, By Form, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - Vitasoy International Holdings Ltd.
- Pacific Foods of Oregon, LLC (Campbell Soup Company)
- The Hain Celestial Group, Inc.
- Danone S.A. (Alpro, Silk)
- SunOpta Inc.
- Dream Plant Based (The Hain Celestial Group)
- RISO Gallo S.p.A.
- Earth’s Own Food Company Inc.
- Natura Foods (NATURA Nuova S.p.A.)
- Fine Japan Co., Ltd.
- Pureharvest Pty Ltd.
- Dr. Chung’s Food Co., Ltd.
- Blue Diamond Growers
- Valsoia S.p.A.
- Rizopia Food Products Inc.
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


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