The global rice milk market is poised for significant growth, with a valuation of US$ 0.639 billion in 2023 projected to reach US$ 1.3 billion by 2033. This growth trend represents a steady Compound Annual Growth Rate (CAGR) of 6% during the forecast period.
Rice milk, renowned for its health benefits, is gaining traction among consumers worldwide. Rich in unsaturated fats and Vitamin B6, rice milk aids in lowering cholesterol levels and promoting heart health. Additionally, its high concentration of antioxidants contributes to preventing various infections and diseases, driving consumer demand for this nutritious beverage.
Download your Sample Report to get Highlights and key Points on Various Market Segments: https://www.futuremarketinsights.com/reports/sample/rep-gb-14551
Rice milk is available in both powder and liquid forms, with the powder milk segment dominating the market. Powdered rice milk finds extensive application in the food processing industry, including bakeries, snacks, confectioneries, and beverages, owing to its versatility and convenience.
The rising popularity of non-GMO and organic food products has further fueled the demand for organic rice milk. Manufacturers are expanding their product portfolios to include organic and non-GMO offerings, catering to the growing consumer preference for natural and healthy alternatives.
Key Takeaways:
- The rice milk market is predicted to register a CAGR of 6% with a valuation of US$ 1.3 billion in 2033.
- In the historical period, the market secured a CAGR of 2.4% between 2018 and 2022.
- India is estimated to lead the global market by securing a CAGR of 7.8% by 2033.
- Based on end use, the food & beverages sector is estimated to register a share of 21.5% during the forecast period.
- The market is anticipated to capture a valuation of US$ 0.639 billion in 2023.
How Key Players Are helping surge the Global Market?
Key players focus on developing sustainable, lactose-free rice milk to expand the global market. These key players are adopting marketing tactics, including collaborations, mergers, acquisitions, product launches, and agreements.
Key players are launching new products in the global market with exotic flavors and organic ingredients additions. A few of the prominent players in the market are as follows:
- Dream Plant-based: The company offers dairy-free alternatives to their customers with a clean label and eco-friendly sourcing.
- Vitasoy: The company provides soy-based products to their customers with the high-quality and wide availability of beverages.
- Earth’s Own: This company provides plant-based and vegan beverages to its consumers. They are promoting their brand with distribution channels.
We Offer Customized Reports @ https://www.futuremarketinsights.com/customization-available/rep-gb-14551
Recent Developments in the Global Market:
- In 2022, Ebro Foods announced its newly launched rice milk product with 100% organic ingredients. They offer non-toxic, artificial sugar-free rice milk containing 16% of rice content.
- In 2021, Linda McCartney launched its plant-based rice milk with different types of varieties, including organic rice and organic soya.
Market Categorization:
By Distribution Channel:
- Supermarket & Hypermarket
- Online Retails
- Others
By Form:
- Powder
- Liquid
By Source:
- Organic
- Conventional
By End Use:
- Food & Beverages
- Nutraceuticals & Baby Food
- Personal Care
- Pharmaceuticals
- Others
Buy this Market Report now at a discounted price: https://www.futuremarketinsights.com/checkout/14551
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
