ReportsnReports. com adds new research report Global Rice Milk Market 2017-2021. This report covers the present scenario and the growth prospects of the global rice milk market for 2017-2021. To calculate the 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.
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The following companies are the key players in the global rice milk market: DREAM, Pacific Foods, Vitasoy, and WhiteWave Foods.
Other Prominent Vendors in the market are: Costco Wholesale Corporation, Ecoideas, FINE JAPAN, Freedom Foods, Pureharvest, SunOpta, The Bridge, and Whole Foods Market.
Global Rice Milk Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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According to the report, 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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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-consumer
Further, the report states that 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.
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