The Latin America, Middle East and Africa Rice Milk Market would witness market growth of 15.9% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 18,238.0 tonnes, showcasing a growth of 13.9% (2024-2031).
Conventional rice milk is produced using rice cultivated through traditional farming methods that often involve the use of synthetic fertilizers, pesticides, and other chemical inputs to ensure higher yields and efficiency. It is the most widely available type of rice milk and caters to the mass market, thanks to its cost-effectiveness and broad accessibility. Thus, the Saudi Arabia market is expected to utilize 2,571.6 tonnes of conventional Rice milk by the year 2031.
The Brazil market dominated the LAMEA Rice Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34.5 Million by 2031. The Argentina market is showcasing a CAGR of 16.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 15.6% during (2024 - 2031).
The dynamic economic and retail trends influence the growth of the rice milk market in Brazil and the UAE. As consumer preferences shift towards healthier, plant-based alternatives, rice milk, which is lactose-free and plant-based, is gaining popularity. Retail trade growth in Brazil and the expansion of the food service sector in the UAE contribute to this rising demand.
The dynamic economic and retail trends influence the growth of the rice milk market in Brazil and the UAE. As consumer preferences shift towards healthier, plant-based alternatives, rice milk, which is lactose-free and plant-based, is gaining popularity. Retail trade growth in Brazil and the expansion of the food service sector in the UAE contribute to this rising demand.
Free Valuable Insights: The Worldwide Rice Milk Market is Projected to reach USD 1.88 Billion by 2031, at a CAGR of 13.9%
Based on Source, the market is segmented into Conventional, and Organic. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online Retailers, and Other Distribution Channels. Based on Form, the market is segmented into Liquid, and Powder. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Source (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Form (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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