| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 291.71 Million |
| Market Size (2030) | USD 377.29 Million |
| CAGR (2025 - 2030) | 5.28 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rice Milk Market Analysis
The Rice Milk Market size is estimated at USD 291.71 million in 2025, and is expected to reach USD 377.29 million by 2030, at a CAGR of 5.28% during the forecast period (2025-2030).
Rice Milk is an excellent alternative for consumers who are lactose intolerant and cannot consume any dairy product. It is primarily produced from the whole rice grains of brown rice. It is an alternative to conventional milk with benefits such as free-from cholesterol and lactose. The increasing prevalence of non-dairy milk products and the rising vegan diets adoption are resulting in manufacturers substituting ingredients high in lactose content with rice milk which is driving the rice milk market. Rice milk includes a flavor, texture, and taste similar to regular cow milk.
Furthermore, with a rising number of lactose-intolerant, soy-intolerant, and nut-intolerant consumers worldwide, consumers are shifting toward rice milk consumption. Rice milk powder can also be used in baby food because it provides more carbohydrates than any other milk. Rice milk is also used in the bakery sector as a gluten-free alternative as it includes digestive enzymes that help quicker digestion and absorption in the body. The factors like growing e-commerce retailing, demand for rice milk in functional beverages, preference for rice milk over regular cow milk, an increasing vegan population, and demand for organic and non-GMO foods are expected to drive the market over the medium term.
Rice Milk Market Trends
Increasing Demand for Dairy Alternative Food
Increasing dairy alternative food demand and raising awareness of the rice milk benefits are expected to drive the rice milk market. Due to changes in lifestyle patterns and environmental effects, consumers are shifting towards low calories and healthy food. Dairy alternatives like rice milk help in easy digestion. Additionally, rice milk is mild in taste and naturally sweet. It includes a slightly watery consistency and is great to drink in smoothies, desserts, and cereals. Rice milk contains the most carbohydrates of all the non-dairy milk alternatives, around three times as many as almond milk or soy milk. Many global and regional market players are preparing different products using rice milk. These factors are fuelling the growth of the rice milk market.
Furthermore, the rising number of lactose-intolerant people worldwide is driving the market. Lactose-intolerant people opt for plant-based milk products for their daily usage. Rice milk can be more nutritious than regular cow milk, and the side effects can be avoided by using it as an alternative.
Understand The Key Trends Shaping This Market
Download PDF
Asia-Pacific is Fastest Growing Market
Asia-Pacific is anticipated to grow significantly during the forecast period owing to the high lactose-intolerant population. Also, the growing awareness among consumers concerning the benefits offered by rice milk, like vitamin A, a rich source of calcium, and vitamin B, is spiraling the growth of the product in the Asia-Pacific region. Rice production in Asia-Pacific is more than in any other area. India is the second largest producer of rice in the world after China. According to FAO data from October 2022, China produced 2,12,843 tonnes of a rice paddy in 2021. Because of the variety of rice grown in the region, market players can have rice milk of various types and different nutritional content. Because of the growing demand for vegan, functional, and gluten-free food, the need for rice milk is growing in the region. Additionally, e-commerce sites are increasing in the area because the products are reaching more consumers in less time.
Get Analysis on Important Geographic Markets
Download PDF
Rice Milk Industry Overview
Players operating in the industry have adopted many attractive promotional and cross-selling strategies to boost online sales and capture the maximum market share. Some primary critical players in the rice milk market include Vitasoy Australia Products Pty Ltd, The Hain Celestial Group, Inc, Nature's Choice, Pureharvest Pty ltd, SunOpta Inc., and Fine Japan Co. Ltd., among others.
Rice Milk Market Leaders
-
Vitasoy Australia Products Pty Ltd
-
Gan Teck Kar Foods
-
The Hain Celestial Group, Inc
-
SunOpta Inc.
-
Pureharvest Pty ltd
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Rice Milk Market News
- February 2022: Ebro Foods subsidiary Tilda Rice launched plant-based sweet rice milk. The rice milk is made with natural and organic ingredients with 16% rice content. The company claims that this product includes more percentage of rice than any other brand and it is free from artificial sweeteners and added sugar.
- May 2021: Linda MacCartney's expands into dairy alternatives by launching a new range of four plant-based milk drinks. The company offers a wide range of plant-based milk like Barista Style Organic Oat, Barista Style Organic Coconut, Organic Soya, and Organic Rice.
- April 2021: SunOpta completed an acquisition of Hain Celestial Group's North America non-dairy beverages brands. SunOpta bought two plant-based brands, i.e., Dream and WestSoy.
Rice Milk Industry Segmentation
Rice milk is made from rice grain and is used as an alternative to animal milk. The rice milk market is segmented by form, source, distribution channel, and geography. By form, the market is segmented into powder rice milk and fluid rice milk. By source, the market is segmented into organic and conventional. By distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, food specialty stores, online retailers, and other distribution channel types. The market is segmented by geography into North America, Europe, Asia Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Form | Powder rice milk |
| Fluid rice milk | |
| Source | Organic |
| Conventional | |
| Distribution Channel | Supermarket/Hypermarket |
| Convenience Stores | |
| Food Specialty Stores | |
| Online Retailers | |
| Others | |
| Geography | North America |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle East and Africa |
Need A Different Region or Segment?
Customize Now
Rice Milk Market Research FAQs
How big is the Rice Milk Market?
The Rice Milk Market size is expected to reach USD 291.71 million in 2025 and grow at a CAGR of 5.28% to reach USD 377.29 million by 2030.
What is the current Rice Milk Market size?
In 2025, the Rice Milk Market size is expected to reach USD 291.71 million.
Who are the key players in Rice Milk Market?
Vitasoy Australia Products Pty Ltd, Gan Teck Kar Foods, The Hain Celestial Group, Inc, SunOpta Inc. and Pureharvest Pty ltd are the major companies operating in the Rice Milk Market.
Which is the fastest growing region in Rice Milk Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Rice Milk Market?
In 2025, the North America accounts for the largest market share in Rice Milk Market.
What years does this Rice Milk Market cover, and what was the market size in 2024?
In 2024, the Rice Milk Market size was estimated at USD 276.31 million. The report covers the Rice Milk Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Rice Milk Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Rice Milk Industry Report
Statistics for the 2025 Rice Milk market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rice Milk analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
