According to a new report, published by KBV research, The Global Rice Milk Market size is expected to reach $1.88 billion by 2031, rising at a market growth of 13.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 215,002.7 tonnes, experiencing a growth of 12.4% (2020-2023).
The Organic segment is anticipating a CAGR of 14.5% during (2024 - 2031). The growing consumer preference for organic products, driven by increasing health consciousness and environmental concerns, has significantly contributed to the revenue share of the organic segment. Organic rice milk is produced without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), which appeals to health-conscious consumers seeking natural and sustainable alternatives. Although organic rice milk typically comes at a premium price, its perceived health benefits and environmental advantages have attracted a dedicated customer base, supporting the segment’s substantial revenue share in the market.
The Liquid segment is leading the Global Rice Milk Market by Form in 2023; thereby, achieving a market value of $1.4 billion by 2031. This substantial share can be attributed to liquid rice milk's convenience and immediate usability. Liquid rice milk is widely available in ready-to-drink cartons or bottles, making it an easy and quick alternative to traditional dairy milk for consumers. It is popular for direct consumption, as well as for use in cooking and baking. The growing demand for plant-based milk alternatives, driven by health-conscious consumers and those with lactose intolerance or dairy allergies, has further fueled the sales of liquid rice milk. The product’s accessibility in supermarkets, health food stores, and online platforms has also contributed to its dominant market presence.
The Online Retailers segment is registering a CAGR of 14.4% during (2024 - 2031). The increasing popularity of e-commerce platforms has transformed how consumers purchase food and beverage products, including rice milk. Online retailers offer the convenience of shopping from home, a wide selection of products, and the ability to compare prices and read reviews. The rise of health-conscious consumers and the growing preference for organic and specialty products have further boosted online sales of rice milk. Additionally, subscription services and direct-to-consumer models provided by online retailers have made it easier for consumers to regularly purchase their preferred rice milk products, contributing to the significant revenue share of this segment.
Full Report: https://www.kbvresearch.com/rice-milk-market/
The North America region dominated the Global Rice Milk Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $711.5 Million by 2031. The Europe region is experiencing a CAGR of 13.7% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 14.5% during (2024 - 2031).
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)
Unique Offerings 
