Rice Milk Marke Forecasted to Grow at a 8.8% CAGR, Surpassing US$ 2,315.7 Mn by 2032 | Persistence Market Research

The global rice milk market has witnessed significant growth in recent years, primarily driven by the increasing demand for plant-based milk alternatives. As consumer preferences shift toward dairy-free and vegan-friendly products, rice milk has emerged as a popular choice due to its natural sweetness, smooth texture, and lactose-free properties. According to a report by Persistence Market Research, the global rice milk market is expected to reach a value of US$ 1,275.2 million by 2025, with a projected compound annual growth rate (CAGR) of 8.8% from 2025 to 2032. By 2032, the market is anticipated to surpass US$ 2,315.7 million, reflecting the rising consumer adoption of rice milk and its growing popularity across multiple regions.

✅Overview of the Market, Market Statistics, Key Growth Drivers, and Leading Segments

The rice milk market is experiencing a strong growth trajectory, driven by factors such as increasing awareness of plant-based diets, the rise of lactose intolerance and dairy allergies, and a general shift toward healthier lifestyles. As more people seek alternatives to traditional dairy products, rice milk has gained significant attention due to its health benefits and versatility. The market is projected to grow from US$ 1,275.2 million in 2025 to US$ 2,315.7 million by 2032, reflecting a CAGR of 8.8% during the forecast period.

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The leading segment in the rice milk market is the retail sector, driven by growing consumer demand for plant-based beverages. Rice milk is widely available in supermarkets, health food stores, and online platforms, making it easily accessible to a diverse range of consumers. The dairy-free beverage segment is expected to remain the dominant application of rice milk, while other applications, such as in cooking and baking, continue to expand. Geographically, North America holds the largest share of the rice milk market due to the high prevalence of lactose intolerance and the growing trend toward veganism. Additionally, the Asia-Pacific region, particularly countries like China and Japan, is witnessing an increase in the consumption of rice milk, fueled by the rising health-conscious population and increasing disposable incomes.

✅Key Highlights from the Report:

➤ The global rice milk market is projected to reach US$ 2,315.7 million by 2032.
➤ The market is estimated to grow at a CAGR of 8.8% from 2025 to 2032.
➤ North America dominates the market due to high demand for lactose-free products.
➤ Rice milk is the fastest-growing dairy alternative, popular among vegan and lactose-intolerant consumers.
➤ Retail sales of rice milk are driving market growth, with an increasing number of consumers adopting plant-based diets.
➤ Asia-Pacific is witnessing rapid growth in the rice milk market, driven by changing dietary habits.

✅Market Segmentation

The global rice milk market can be segmented based on product type, distribution channel, and application. By product type, rice milk is commonly available in both plain and flavored variants, with the plain rice milk segment holding the largest market share. Flavored rice milk, including vanilla, chocolate, and strawberry variants, is becoming increasingly popular among consumers seeking variety and added taste experiences. The addition of flavors often helps make rice milk more appealing to children and young adults, further expanding its consumer base.

In terms of distribution channels, the rice milk market is primarily driven by retail sales, including supermarkets, hypermarkets, and specialty stores. The convenience of purchasing rice milk through physical and online retail platforms has contributed significantly to its market growth. Additionally, the rise of e-commerce platforms and online grocery shopping has made rice milk more accessible to a global audience. This trend is expected to continue as more consumers turn to online shopping for their plant-based and dairy-free products.

✅Regional Insights

North America holds the largest share of the global rice milk market, driven by the increasing prevalence of lactose intolerance, allergies to dairy, and the growing demand for plant-based and vegan products. The rise of health-conscious consumers and the popularity of plant-based diets in the U.S. and Canada have led to a surge in the demand for alternative milk products such as rice milk. The market in North America is expected to continue to grow steadily, driven by the expanding retail presence of rice milk and increased product availability.

In the Asia-Pacific region, the rice milk market is witnessing significant growth due to changing dietary habits, rising health awareness, and a shift toward plant-based diets. Countries like Japan, China, and India are experiencing increasing demand for dairy alternatives, and rice milk is gaining traction as a healthy, lactose-free option. Additionally, the region's growing middle-class population, with higher disposable incomes and a greater focus on nutrition, is fueling the demand for rice milk.

✅Market Drivers

The key factors driving the growth of the rice milk market include rising consumer awareness about the health benefits of plant-based diets and increasing concerns about dairy allergies and lactose intolerance. Rice milk is seen as a safe and nutritious alternative to traditional cow's milk, particularly for those who suffer from digestive issues related to lactose. Furthermore, rice milk is free from common allergens such as soy, nuts, and gluten, which makes it an appealing choice for individuals with multiple food sensitivities.

Another significant driver of the market is the growing trend of veganism and plant-based diets. As more consumers shift towards plant-based lifestyles, they seek alternatives to animal-derived products, including dairy. Rice milk, with its naturally sweet taste and versatility in various applications, has become a favored option among vegan and health-conscious individuals. The increasing focus on sustainable and eco-friendly food products also supports the demand for rice milk, as it is considered a more environmentally friendly option compared to cow's milk.

✅Market Restraints

Despite its growing popularity, the rice milk market faces several challenges. One of the primary restraints is the relatively low protein content of rice milk compared to other plant-based milk alternatives such as soy milk or almond milk. This may limit its appeal for individuals seeking protein-rich beverages or those who use plant-based milk as a primary source of nutrition. Additionally, the production process for rice milk requires energy-intensive steps such as rice milling and sweetening, which can raise concerns about its environmental impact.

Another restraint is the competition from other plant-based milk alternatives, such as almond, oat, and soy milk. These products have established consumer bases and may pose a challenge to rice milk's market share, especially in regions where these alternatives are more widely consumed. Moreover, the taste and texture of rice milk, which some consumers may find less creamy or flavorful compared to other options, may deter its adoption in certain markets.

✅Market Opportunities

The rice milk market offers significant opportunities for growth, particularly in emerging markets where consumers are becoming more health-conscious and open to plant-based alternatives. The increasing adoption of rice milk as a substitute for traditional dairy products in cooking, baking, and as a base for smoothies and coffee is opening new avenues for market expansion. Companies can further capitalize on this trend by offering innovative product variants, such as fortified rice milk with added vitamins and minerals or organic rice milk for health-conscious consumers.

Additionally, as the vegan and lactose-free food markets continue to grow, rice milk brands have the opportunity to expand their product offerings to cater to specific consumer segments. This includes offering flavored rice milk, rice milk-based ice creams, and other dairy-free products, which could increase market penetration. Expanding into emerging markets in Asia-Pacific, Latin America, and the Middle East will also provide growth opportunities, as these regions are witnessing increasing demand for plant-based and dairy-free products.

✅Reasons to Buy the Report:

➤ Detailed market analysis and forecast for the rice milk market from 2025 to 2032.
➤ Insights into key drivers, challenges, and opportunities in the rice milk industry.
➤ Comprehensive segmentation analysis based on product type, distribution channel, and end-user.
➤ Regional insights, including growth trends in North America and Asia-Pacific.
➤ Competitive landscape and strategic recommendations for market players.

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✅Key Players

✦ Earth's Own
✦ Rice Dream
✦ Califia Farms
✦ Alpro
✦ Provamel
✦ Dream
✦ Eden Foods

■ Earth's Own recently launched a new line of organic rice milk with added protein and vitamins.
■ Califia Farms expanded its distribution network in Europe, introducing rice milk as part of its plant-based beverage portfolio.

In conclusion, the rice milk market is on a solid growth path, with a projected value of US$ 2,315.7 million by 2032. As consumer demand for dairy-free and plant-based products continues to rise, rice milk stands poised to become a key player in the alternative milk sector. With favorable market trends, expanding regional opportunities, and a strong consumer base seeking healthier, allergen-free options, the rice milk market is set for long-term success.

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