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Flavored milk is among the most consumed milk beverage, worldwide, and consumers are keen to try different variants of it. Rice milk manufacturers are thus offering flavored rice milk, which is widely accepted across regions. Rice milk is also the least likely of all milk products to cause allergies. This makes it a good choice for people with lactose intolerance or who have allergies to milk, soy, or nuts.
On the back of these factors, the global rice milk market is expected to witness substantial growth at a CAGR of around 9%, and top a valuation of US$ 1.8 Bn by 2030.
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Key Takeaways from Rice Milk Market Study
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Global Rice Milk Market: Competitive Landscape
Key players in the global rice milk market are continuously developing and expanding their product portfolios. They are also aiming to convert their product range into organic and dairy-free products by merging with various other market players.
Key manufacturers in the rice milk landscape are emphasizing on collaborating with various distributors and retailers to increase their product reach in the international market. These collaborations are increasing product penetration in various potential countries across the globe.
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