The North America Rice Milk Market would witness market growth of 13.4% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 54,981.0 tonnes, showcasing a growth of 11.8% (2020-2023).
Convenience stores are small-scale retail outlets that cater to consumers seeking quick and easy purchases. While their product range is limited compared to supermarkets, convenience stores play an essential role in the distribution of rice milk, particularly in urban areas where people rely on local shops for everyday essentials. Rice milk in convenience stores is typically sold in smaller packaging sizes to suit on-the-go consumption or single-use needs. Thus, 3,251.8 tonnes of rice milk is expected to be sold by convenience store in Canada by the year 2031.
The US market dominated the North America Rice Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $516.1 Million by 2031. The Canada market is experiencing a CAGR of 14.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.5% during (2024 - 2031).
The concept of personalized nutrition is gaining traction, with companies developing rice milk products tailored to specific dietary needs and health conditions. This approach involves customizing formulations to address individual requirements, such as high-protein, low-sugar, or enhanced vitamin content.
The rise of digital marketing and e-commerce platforms is transforming how rice milk is marketed and sold. Companies leverage social media, influencer partnerships, and online marketplaces to reach a broader audience. E-commerce platforms offer convenience and accessibility, driving sales and expanding market reach.
The growing prevalence of lactose intolerance in the United States and the dynamic growth of the food processing industry in Mexico are two significant factors influencing the expansion of the rice milk market. As consumers in both countries increasingly seek lactose-free alternatives and the demand for plant-based milk continues to rise, rice milk is becoming appealing.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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