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Rice Milk Market - Forecasts from 2019 to 2024

  • ID: 4801668
  • Report
  • 115 pages
  • Knowledge Sourcing Intelligence LLP
1 of 4


  • Campbell
  • Danone (Alpro)
  • Fine Japan Co. Ltd
  • Pacific Foods
  • Pureharvest Pty ltd
  • SunOpta Inc
  • MORE
The rice milk market is projected to witness a compound annual growth rate (CAGR) of 17.17% during the forecast period to reach a total market size of US$2,619.954 million by 2024, increasing from US$1,012.838 million in 2018. Rice milk is grain milk made by processing rice and is recommended for people who are lactose intolerant and vegan. Rice milk market is particularly targeted towards the lactose-free population. It is one of the best alternatives of dairy milk and contains most carbohydrates compared to almond and soy milk which is considered as one of the key drivers for the growth of the market during the forecast period. In addition, increasing dairy alternative food demand and raising awareness of the benefits of rice milk are expected to drive the global rice milk market. However, the availability of competitive products like almond and coconut milk and low market penetration of the product may result in restraint for the rice milk market in the coming years. The North American region holds a significant market share owing to the presence of a high percentage of lactose intolerant population in the region coupled with the emerging trend of the preferences for vegan food.


Growing vegan and lactose-free population
Expanding non-dairy milk industry


High cost involved
Lack of product awareness
Availability of substitutes

The major players profiled in the Rice milk market are Danone (Alpro), Vitasoy Australia Products Pty Ltd, Fine Japan Co. Ltd, The Bridge bio, Pacific Foods and SunOpta, Campbell, The Hain Celestial Group, Inc, and Pureharvest Pty Ltd among others.


The Rice milk market has been analyzed through the following segments:

By Source


By Form

Powder rice milk
Fluid rice milk

By Application

Bakery & Confectionery

By Geography

North America

South America

United Kingdom

Middle East and Africa
Saudi Arabia

Asia Pacific
South Korea
Note: Product cover images may vary from those shown
2 of 4


  • Campbell
  • Danone (Alpro)
  • Fine Japan Co. Ltd
  • Pacific Foods
  • Pureharvest Pty ltd
  • SunOpta Inc
  • MORE

1. Introduction
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline

2. Research Methodology
2.1. Research Design
2.2. Secondary Sources

3. Key Findings

4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. Rice Milk Market By Source
5.1. Organic
5.2. Conventional

6. Rice Milk Market By Form
6.1. Powder Rice Milk
6.2. Fluid Rice Milk

7. Rice Milk Market By Application
7.1. Beverages
7.2. Bakery & Confectionery
7.3. Others

8. Rice Milk Market By Geography
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East And Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Other
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others

9. Competitive Intelligence
9.1. Competitive Benchmarking And Analysis
9.2. Recent Investments And Deals
9.3. Strategies Of Key Players

10. Company Profiles
10.1. Danone (Alpro)
10.2. Vitasoy Australia Products Pty Ltd
10.3. Fine Japan Co. Ltd
10.4. The Bridge Bio
10.5. Pacific Foods
10.6. Sunopta Inc
10.7. Campbell
10.8. The Hain Celestial Group, Inc
10.9. Pureharvest Pty Ltd

Note: Product cover images may vary from those shown
3 of 4


4 of 4
  • Danone (Alpro)
  • Vitasoy Australia Products Pty Ltd
  • Fine Japan Co. Ltd
  • The Bridge bio
  • Pacific Foods
  • SunOpta Inc
  • Campbell
  • The Hain Celestial Group, Inc
  • Pureharvest Pty ltd
Note: Product cover images may vary from those shown
5 of 4

The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.