Rice Drink Market Global Report 2026

The rice drink market size has grown strongly in recent years. It will grow from $1.94 billion in 2025 to $2.12 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rise in lactose intolerance awareness, growth of vegan and plant based diets, expansion of retail availability of dairy alternatives, improvements in rice processing and extraction technologies, increasing health consciousness among urban consumers.

The rice drink market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising demand for sustainable and low carbon beverages, expansion of functional and fortified beverage innovation, growth of e commerce driven beverage sales, increasing adoption of plant based nutrition trends globally, advancement in food fortification and clean label formulation technologies. Major trends in the forecast period include growing demand for plant based dairy alternative beverages, expansion of clean label and additive free rice drink formulations, increasing adoption of fortified rice drinks with added calcium and vitamins, rising popularity of barista style rice drinks for coffee applications, growth of organic and non gmo rice beverage variants.

The growth of vegan and plant-based diets is expected to propel the growth of the rice drink market going forward. A vegan diet eliminates all animal-derived products, while a plant-based diet primarily emphasizes plant-based foods but may include limited amounts of animal products. The adoption of vegan and plant-based diets is increasing mainly due to growing health awareness, as more individuals choose plant-based foods to support heart health and lower the risk of lifestyle-related diseases. Rice drink supports vegan and plant-based diets by offering a dairy-free substitute for milk, providing a plant-based beverage that aligns with the exclusion of animal products while remaining suitable for daily consumption. For instance, in April 2024, according to Finder, a US-based personal finance comparison site, approximately 2.5 million people in the UK were vegan in 2024, accounting for 4.7% of the population, compared to 1.4 million vegans (2.5%) in 2023. This represents an increase of 1.1 million vegans in the UK between 2023 and 2024. Therefore, the growth of vegan and plant-based diets is driving the growth of the rice drink market.

The growing health and wellness awareness is expected to propel the growth of the rice drink market going forward. Health and wellness awareness refers to the recognition of the importance of maintaining overall well-being through healthy lifestyle practices and preventive healthcare. Health and wellness awareness is increasing mainly because of greater access to digital health information, enabling individuals to learn more about diseases, nutrition, and fitness while making better-informed lifestyle decisions. Rice drink supports health and wellness awareness by providing a plant-based alternative that complements healthier dietary choices, particularly for individuals aiming to reduce dairy consumption, manage lactose intolerance, and embrace more health-conscious eating habits. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based nonprofit organization, the proportion of Americans following a specific diet remained high at 54%, while interest in increasing protein intake rose steadily from 59% in 2022 to 67% in 2023 and 71% in 2024. Therefore, the growing health and wellness awareness is driving the growth of the rice drink market.

In November 2024, Refresco Group B.V., a Netherlands-based beverage company, acquired Frías Nutrición S.A. for an undisclosed amount. Through this acquisition, Refresco Group B.V. aimed to enhance its production and supply of rice drinks and other plant-based beverages by increasing its manufacturing capacity, strengthening access to key European customers, and expanding its portfolio of dairy-alternative beverage products. Frías Nutrición S.A. is a Spain-based manufacturing company specializing in the production of rice drinks.

Major companies operating in the rice drink market report are Danone S.A., Ebro Foods S.A., The Hain Celestial Group Inc., Vitasoy International Holdings Limited, SunOpta Inc., Alpro NV, Pacific Foods of Oregon LLC, Riso Scotti S.p.A., Pureharvest Pty Ltd., Bridge S.r.l. Società Benefit, Axiom Foods Inc., Rita Food and Drink Co. Ltd., Rude Health Foods Ltd., Provamel, Amandin, Natumi GmbH, OKF Corporation, Lima NV/SA, Isola Bio, Borges, Oatly, Dream, Minor Figures, Califia Farms, Earth's Own.

North America was the dominating region in the rice drink market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the rice drink market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the rice drink market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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