The Asia Pacific Rice Milk Market would witness market growth of 14.5% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 72,057.6 tonnes, showcasing a growth of 13.6% (2020-2023).
Organic rice milk is made from rice grown following certified organic farming standards, which prohibit the use of synthetic pesticides, herbicides, and genetically modified organisms (GMOs). This type of rice milk has gained popularity among health-conscious consumers who prioritize natural and sustainable food choices. Organic rice milk is often fortified with essential nutrients such as calcium, vitamin D, and vitamin B12 to enhance its nutritional profile and cater to consumers seeking functional health benefits. Thus, the China market is expected to utilize 56.21 tonnes of organic Rice milk by the year 2031.
The China market dominated the Asia Pacific Rice Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $148.4 Million by 2031. The Japan market is registering a CAGR of 13.8% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 15.4% during (2024 - 2031).
Environmental concerns are prompting companies to adopt sustainable packaging solutions. Eco-friendly packaging, such as recyclable cartons and biodegradable materials, is becoming a significant trend in the rice milk market. This move aligns with consumers’ desire to reduce their ecological footprint.
Additionally, the rise of private-label brands in the rice milk market is noteworthy. Retailers are launching rice milk products, often competitively, to attract budget-conscious consumers. This trend is expanding the availability and accessibility of rice milk in the market.
The growing trends in dietary preferences in both Australia and China, coupled with the expansion of the food processing industry in China, are significantly influencing the growth of the rice milk market in these regions. As consumers increasingly turn to plant-based alternatives, particularly regarding health, sustainability, and ethical considerations, the demand for rice milk is gaining momentum.
Free Valuable Insights: The Global Rice Milk Market is Predict 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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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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