Europe Rice Milk Market Size, Share & Trends Analysis Report By Source (Conventional, and Organic), By Distribution Channel, By Form (Liquid, and Powder), By Country and Growth Forecast, 2024 - 2031
The Europe Rice Milk Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 38,620.7 tonnes, showcasing a growth of 11.0% (2020-2024).
Supermarkets and hypermarkets are the most prominent distribution channels for rice milk, offering a wide variety of brands, flavors, and packaging formats. These large retail outlets cater to a broad audience, from health-conscious shoppers to those simply seeking an alternative to dairy milk. Supermarkets ensure easy availability of rice milk, often displaying it in dedicated sections for plant-based or dairy-free products. Thus, 46.55 tonnes of rice milk are expected to be sold by supermarkets and hypermarkets by the year 2031.
The Germany market dominated the Europe Rice Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $126.1 Million by 2031. The UK market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 14.6% during (2024 - 2031).
Innovation drives the rice milk market forward, with new technologies and products enhancing its appeal and functionality. Technological advancements in processing techniques are improving rice milk's quality and nutritional content. Innovations such as enzymatic hydrolysis and microfiltration enhance the taste, texture, and shelf life of rice milk products. These techniques also help retain more nutrients during processing.
Incorporating functional ingredients into rice milk is a growing trend. Ingredients such as probiotics, prebiotics, and plant-based proteins are added to rice milk to offer additional health benefits. These fortified products cater to consumers seeking enhanced nutrition and wellness.
The prominence of F&B processing enterprises in Europe signifies a robust food industry well-equipped to meet the growing consumer demand for plant-based products. With millions of F&B processing enterprises contributing significantly to the region’s economy, there is an increasing focus on diversifying product offerings, including developing and distributing plant-based milk alternatives such as rice milk. The rising interest in dairy alternatives across Europe has spurred a shift towards healthier and more sustainable food options, with rice milk emerging as a key player. As F&B enterprises respond to these evolving consumer preferences, the availability of rice milk products has risen, making them more accessible to a wider audience.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- The Hain Celestial Group, Inc.
- SunOpta, Inc.
- Campbell Soup Company (Pacific Foods of Oregon, Inc.)
- Panos Brands, LLC
- OKF Corporation
- Vitasoy International Holdings Ltd.
- Axiom Foods, Inc.
- Califia Farms LLC
- Pureharvest Pty Ltd.
By Source (Volume, Tonnes, USD Billion, 2020-2031)
- Conventional
- Organic
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retailers
- Other Distribution Channels
- Liquid
- Powder
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Rice Milk Market, by Source
- 1.4.2 Europe Rice Milk Market, by Distribution Channel
- 1.4.3 Europe Rice Milk Market, by Form
- 1.4.4 Europe Rice Milk Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Europe Rice Milk Market by Source
- 4.1 Europe Conventional Market by Country
- 4.2 Europe Organic Market by Country
- Chapter 5. Europe Rice Milk Market by Distribution Channel
- 5.1 Europe Supermarkets/Hypermarkets Market by Country
- 5.2 Europe Convenience Stores Market by Country
- 5.3 Europe Online Retailers Market by Country
- 5.4 Europe Other Distribution Channels Market by Country
- Chapter 6. Europe Rice Milk Market by Form
- 6.1 Europe Liquid Market by Country
- 6.2 Europe Powder Market by Country
- Chapter 7. Europe Rice Milk Market by Country
- 7.1 Germany Rice Milk Market
- 7.1.1 Germany Rice Milk Market by Source
- 7.1.2 Germany Rice Milk Market by Distribution Channel
- 7.1.3 Germany Rice Milk Market by Form
- 7.2 UK Rice Milk Market
- 7.2.1 UK Rice Milk Market by Source
- 7.2.2 UK Rice Milk Market by Distribution Channel
- 7.2.3 UK Rice Milk Market by Form
- 7.3 France Rice Milk Market
- 7.3.1 France Rice Milk Market by Source
- 7.3.2 France Rice Milk Market by Distribution Channel
- 7.3.3 France Rice Milk Market by Form
- 7.4 Russia Rice Milk Market
- 7.4.1 Russia Rice Milk Market by Source
- 7.4.2 Russia Rice Milk Market by Distribution Channel
- 7.4.3 Russia Rice Milk Market by Form
- 7.5 Spain Rice Milk Market
- 7.5.1 Spain Rice Milk Market by Source
- 7.5.2 Spain Rice Milk Market by Distribution Channel
- 7.5.3 Spain Rice Milk Market by Form
- 7.6 Italy Rice Milk Market
- 7.6.1 Italy Rice Milk Market by Source
- 7.6.2 Italy Rice Milk Market by Distribution Channel
- 7.6.3 Italy Rice Milk Market by Form
- 7.7 Rest of Europe Rice Milk Market
- 7.7.1 Rest of Europe Rice Milk Market by Source
- 7.7.2 Rest of Europe Rice Milk Market by Distribution Channel
- 7.7.3 Rest of Europe Rice Milk Market by Form
- Chapter 8. Company Profiles
- 8.1 The Hain Celestial Group, Inc.
- 8.1.1 Company overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 SWOT Analysis
- 8.2 SunOpta, Inc.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 SWOT Analysis
- 8.3 Campbell Soup Company (Pacific Foods of Oregon, LLC)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental Analysis
- 8.3.4 Research & Development Expenses
- 8.4 Panos Brands, LLC
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 OKF Corporation
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Vitasoy International Holdings Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.7 Axiom Foods, Inc.
- 8.7.1 Company Overview
- 8.8 Califia Farms LLC
- 8.8.1 Company Overview
- 8.9 Pureharvest Pty Ltd.
- 8.9.1 Company Overview
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