The key companies in the United States are continuously innovating new products to expand the market size. The presence of a robust food and beverage sector in the country is estimated to push total sales past US$ 157.2 million by 2032. Owing to a rising consumer preference for non-dairy or cereal milk products. Sales in the United States are slated to register a CAGR of 4.2% over the forecast period. Increasing Preference for Organic Rice Milk is estimated to Fuel Growth The Top Countries Influencing the Global Market are What is Driving the United States Rice Milk Market? Cost-effectiveness, quick accessibility, and expansion in the e-commerce sector are estimated to fuel sales in this segment in the forthcoming years. Growth can be attributed to the wide availability of various alternative dairy products at reduced prices. Growing Trend of Digital Retail is estimated to Propel Sales of Rice Milk Onlineīy distribution channel, sales in the online store's segment continue gaining traction over the assessment period. Which is a Highly Lucrative Distribution Channel? Food & beverages are estimated to secure a share of 21.5% in the global market during the forecast period. Surging demand for dairy alternatives among the vegan population is estimated to augment growth in this segment over the forecast period. Increasing the incorporation of rice milk powder in baked goods and functional beverages is estimated to continue driving sales in this segment. Regarding end use, the food & beverage segment is expected to account for the lion's market share in the forthcoming years. Which is the Leading End-use Segment of Rice Milk?ĭemand for Rice Milk in the food & Beverage Sector Remain High Worldwide Digestive enzymes present in powdered rice milk help create a higher rate of work and absorption well for vegan diet lifestyles. The powder from the segment is estimated to capture a share of 8.5% of the global market during the forecast period.Īccording to various studies, rice milk powders are suitable for glutton-free and non-GMO diets. The powder form of rice milk is a convenient method for formulating final products and extracting them from rice grains. Increasing Demand for Rice Milk Powder in the Bakery Sector boosts Sales Top Segments in the Global Market are Which is the Popular Form of Rice Milk? Growing research and development activities, increasing innovative and exotic flavor beverages, huge investments, and a rapidly growing food & beverage sector. Increasing consumer demand for protein ingredients, growing awareness, and rising demand for premium ingredients. Rising demand for personal care products, increasing e-commerce and online platforms, and increasing sustainability. Growing health concerns, increasing demand for lactose-free milk, and changing consumers' lifestyles. Increasing adoption of high nutrition, changing preferences, and rising non-GMO products. Increasing demand for lactose-free, plant-based, organic, and eco-friendly packaging rice milk drives the global market. This trend has boosted demand for organic rice milk, and manufacturers are frequently launching new offerings to cater to the growing demand. As a result, food manufacturers are expanding their portfolios to include organic and non-GMO products. Non-GMO and organic food products are gaining popularity worldwide due to their health benefits. It is also used in bakeries, snacks, confectioneries, and beverages. Rice milk powder is primarily used in the food processing industry for various applications. Regarding forming, rice milk is available in powder and liquid forms, with the powder milk segment dominating the market. Dairy-free rice milk provides a fat-free option for health-conscious individuals. Rice milk is an excellent substitute for those who are allergic to dairy, vegan, or lactose intolerant. How is Surging Demand for Dairy Alternatives Boosting Sales of Rice Milk?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |