Rice Milk market research report will help its buyer to generate maximum returns-on-investment as it provides the objectivity and clarity required to make informed business decisions. It identifies and analyses the market need, market size and competition. It explains supply and demand situation, competitive scenario, challenges to market growth, market opportunities and threats faced by the key vendors.
Rice milk is a non-dairy milk, prepared by blending together cooked rice (mostly brown rice), water, rice syrup, sand rice starch. Some product varieties of rice milk also contain sugar, thickening agents, and flavorings.
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Rice Milk Market Drivers, Challenges and Trends: –
Market Driver: – one of the major drivers for this market is rising levels of lactose intolerance. Lactose intolerance is the inability of the body to digest significant amounts of lactose present in milk. Certain ethnic groups such as the Asian population are more affected compared to others. The demand for lactose-free food products is driven by an increase in incidences of food allergies and intolerances.
Market Challenge: – one of the key challenges facing the growth of the global rice milk market is the rising popularity of other non-dairy milks, especially almond milk and rice milk. The global almond milk was valued at $3.51 billion in 2015 and is expected to reach $7.2 billion in 2020, growing at a CAGR of 15.45% during 2015-2020. Consumers prefer almond milk not only due to its taste but also owing to its functional properties of containing high amounts of vitamin E, calcium, magnesium, and potassium and almost no cholesterol.
Market trend: – The latest trend gaining momentum in the market is consumer focus shifting toward organic variants of rice milk. Organic products are mostly priced higher in comparison to the conventional products. The premium price is due to the comparatively high production and distribution costs as well as consumers’ willingness to pay extra for organic products. The extra “premium” cost associated with organic production is passed throughout the supply chain and at last paid by the end-consume
Market segmentation by product typeby product typeplain rice milk marketflavored rice milk market ; Geographic Segmentation: – Americas, Asia-Pacific (APAC) , Europe, Rest of the world (ROW)
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To determine the Rice Milk market size the report considers the revenue generated through the sales of rice milk in key geographical regions such as the Americas, APAC, Europe, and ROW. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Rice Milk market space like DREAM, Pacific Foods, Vitasoy, WhiteWave Foods, Costco Wholesale Corporation and many more.
Some key points of Rice Milk Market research report: –
What is status of Rice Milk Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Rice Milk Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Rice Milk Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Rice Milk Market
What is Rice Milk Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.