As per a new report by Future Market Insights, absolute deals in the rice milk market are assessed to arrive at a valuation of US$ 614.3 Mn in 2022, flooding at a 6.2% CAGR over the appraisal time fare.
Rice milk has a flavor, taste, and surface that is the same as cow’s milk, arising as one of the most favored plant-based milk substitutes. Expanding interest in finding options among lactose-narrow-minded and nut-bigoted shopper’s people will drive the market in the approaching years.
Moreover, expanding reception of practical weight control plans, for example, keto, vegetarian, and gluten-choice keep supporting deals of rice milk over the gauge time frame.
Rice milk is an amazing substitute for individuals who are hypersensitive to dairy, are veggie lovers, or are lactose narrow-minded. It is likewise a sans fat choice for wellbeing cognizant purchasers. Rice milk powder is likewise being consolidated in prepared products, bites, sweet shops, and refreshments. Upheld by the previously mentioned factors, deals of rice milk will stay high over the evaluation period.
“Rising mindfulness in regards to the useful advantages of rice milk, alongside expanding fuse of rice milk powder in baby food and nutraceuticals will keep enlarging the development on the lookout,” says an FMI expert.
Request in the U.S. rice milk market is ready to flood at a 4.2% CAGR over the estimated time frame.
Malaysia will arise as a worthwhile pocket in the South Asia rice milk market, with deals developing at a 9,8% CAGR through 2032.
Given the structure, interest in rice milk powder will keep picking up speed.
As far as end-user, the food and refreshment section will represent a prevailing offer in the worldwide market.
By circulation channel, deals of rice milk through web-based channels will stay high.
Vital participants working in the worldwide rice milk market are putting resources into associations and joint efforts to work on their worldwide presence. They are additionally sending off clean-name and non-GMO items to acquire a strategic advantage on the lookout. For example:
Ø Vinamilk, a well-known dairy organization situated in Vietnam, sent off a plant-based drink with rice as the primary fixing in August 2019.
Key Companies Profiled
Stremicks Heritage FoodsTM, LLC
Essona Organics, Inc
The Hain Celestial Group, Inc
Campbell Soup Company
VitaRice Australia Products Pty Ltd
Pureharvest Pty ltd
opportunity food varieties bunch Ltd
The Italian Way
RITA FOOD and DRINK CO., LTD
Fine Japan Co. Ltd.
BSCM Foods Co., Ltd.
RISO SCOTTI S.p.A.
Aphorism food sources inc