The rice milk market is projected to grow at a CAGR of 17.17% during the forecast period

Knowledge Sourcing Intelligence announces the publication of a new report titled "Rice Milk Market - Forecasts from 2019 to 2024". Lactose intolerance, environmental concerns about cow-milk, and adoption of the vegan diet are bolstering the rice milk market.

According to the report, the rice milk market is valued at US$1,012.838 million in 2018 and is expected to grow at a CAGR of 17.17% over the forecast period to touch US$ 2,619.954 by 2024. The prevalence of lactose intolerance, especially in the APAC region is estimated to boost the rice-milk market during the forecast period. Additionally, the abundance of raw materials in the APAC is also another factor that would help in sustaining the growth of the rice-milk market. Moreover, owing to the growing variety of gastronomic pursuits, innovations in food and beverage are taking place whereby the rice milk market is projected to be bolstered. The aforesaid is particularly applicable to rising preferences of functional beverages among the newer generation of consumers, notably the millennials. This perceptible social and lifestyle change has been fueled by the growing health concerns that have emerged as a repercussion of consumption of beverages with artificial ingredients and high sugar content.

Further, today's consumers are aware of the externalities that arise from bovine milk production in terms of Green House Gas (GHG) emissions, which are one of the major contributing factors of climate change and global warming. Being value-driven individuals that they are, there is an increasing pre3febrecnd of seeing their values being resonated by the soft-drinks that they consume. The aforesaid is also another factor that is posed to drive the growth of Rice Milk Market.

Moreover, the perception of natural, plant-based ingredients is akin to that of sound health. To this extent, the organizations across the globe are constantly engaged in rekindling the interest in non-alcoholic beverages and reconnect with the consumers who adhere to vegan and flexitarian diets. Hence the growing awareness of health benefits associated with the plant-based drinks is poised to drive the growth of the rice milk market during the forecast period.
Rice milk is available in two forms: powdered and liquid. It finds its application in varied sections of the broader food and beverages sectors, which are inclusive of but not limited to bakery & confectionery, beverages as well as snacks.

As per the report, major players in EMS market inter-alia are rice milk market, inter alia are, Danone, Essona Organics Skin Care, and Nutritional Products, Fine Japan Co. Ltd., Hain Celestial, Nature's Choice Pty Ltd, Nutra Organics, PANOS brands, etc.

Segmentation
o By Source
o Organic
o Conventional

o By Form
o Powder rice milk
o Liquid rice milk

o By Application
o Bakery & Confectionery
o Beverages
o Snacks
o Others

o By Geography
o North America
o USA
o Canada
o Mexico

o South America
o Brazil
o Argentina
o Others

o Europe
o Germany
o France
o United Kingdom
o Italy
o Others

o Middle East and Africa
o Saudi Arabia
o Israel
o United Arab Emirates
o Others

o Asia Pacific
o China
o Japan
o South Korea
o India
o Others

View a sample of the report or purchase a complete study at https://www.knowledge-sourcing.com/report/rice-milk-market

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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

This release was published on openPR.