Rice Drink Market Report 2026

Rice Drink Market Report 2026 Market Overview

• Rice Drink Market Report 2026 market size has reached to $1.94 billion in 2025 • Expected to grow to $3.04 billion in 2030 at a compound annual growth rate (CAGR) of 9.5% • Growth Driver: Growth In Vegan And Plant-Based Diets Driving The Market Due To Rising Health Awareness And Demand For Dairy Alternatives • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Rice Drink Market?

Rice drink is a plant-based beverage made by processing rice with water to form a smooth liquid with a mild, slightly sweet taste. It is consumed as a dairy alternative and is suitable for people who avoid animal-based milk. It is typically low in fat and naturally lactose-free, making it easier to digest for some individuals. The main product types of rice drink include sweetened rice drink, unsweetened rice drink, flavored rice drink, organic rice drink, and fortified rice drink. Sweetened rice drink refers to plant-based beverages derived from rice with added sweetening ingredients to enhance taste and consumer appeal. These products are available in packaging types such as cartons, bottles, pouches, multiserve packs, and single serve. They are distributed through supermarkets and hypermarkets, online retailers, health food stores, convenience stores, and specialty food stores and the various applications involved are ready-to-drink beverages, dairy alternatives, bakery and confectionery applications, smoothies and functional beverage bases, beverage mixing applications, and others.

What Is The Rice Drink Market Growth Forecast?

The rice drink market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising demand for sustainable and low carbon beverages, expansion of functional and fortified beverage innovation, growth of e commerce driven beverage sales, increasing adoption of plant based nutrition trends globally, advancement in food fortification and clean label formulation technologies. Major trends in the forecast period include growing demand for plant based dairy alternative beverages, expansion of clean label and additive free rice drink formulations, increasing adoption of fortified rice drinks with added calcium and vitamins, rising popularity of barista style rice drinks for coffee applications, growth of organic and non gmo rice beverage variants.

What Are The Drivers Of The Rice Drink Market?

The growth of vegan and plant-based diets is expected to propel the growth of the rice drink market going forward. A vegan diet excludes all animal products, while a plant-based diet mainly focuses on plant foods but may include small amounts of animal products. Vegan and plant-based diets are increasing mainly due to rising health awareness, as people shift toward plant foods to improve heart health and reduce lifestyle-related diseases. Rice drink supports vegan and plant-based diets by serving as a dairy-free alternative to milk, providing a plant-derived beverage option that aligns with the avoidance of animal products while still being suitable for everyday consumption. For instance, in April 2024, according to Finder, a US-based personal finance comparison site in 2024, approximately 2.5 million individuals in the UK are vegan, making up 4.7% of the population, up from 1.4 million vegans (2.5%) in 2023. This indicates a rise of 1.1 million vegans in the UK between 2023 and 2024. Therefore, the growth of vegan and plant-based diets is driving the growth of the rice drink industry. The growing health and wellness awareness is expected to propel the growth of the rice drink market going forward. Health and wellness awareness is the understanding of the importance of maintaining overall well-being through healthy lifestyle choices and preventive care. Health and wellness awareness is increasing mainly due to higher access to digital health information, which enables people to learn about diseases, nutrition, and fitness easily and make more informed lifestyle choices. Rice drink supports health and wellness awareness by serving as a plant-based alternative that aligns with healthier lifestyle choices, especially for people seeking to reduce dairy intake, manage lactose intolerance, and adopt more mindful nutrition habits. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based nonprofit organization, the share of Americans following a specific diet remains high at 54%, while interest in increasing protein intake has steadily risen from 59% in 2022 to 67% in 2023 and 71% in 2024. Therefore, the growing health and wellness awareness is driving the growth of the rice drink industry.

Key Players In The Global Rice Drink Market

Major companies operating in the rice drink market report are Danone S.A., Ebro Foods S.A., The Hain Celestial Group Inc., Vitasoy International Holdings Limited, SunOpta Inc., Alpro NV, Pacific Foods of Oregon LLC, Riso Scotti S.p.A., Pureharvest Pty Ltd., Bridge S.r.l. Società Benefit, Axiom Foods Inc., Rita Food and Drink Co. Ltd., Rude Health Foods Ltd., Provamel, Amandin, Natumi GmbH, OKF Corporation, Lima NV/SA, Isola Bio, Borges, Oatly, Dream, Minor Figures, Califia Farms, Earth's Own

What Are Latest Mergers And Acquisitions In The Rice Drink Market?

In November 2024, Refresco Group B.V., a Netherlands-based beverage company, acquired Frías Nutrición S.A. for an undisclosed amount. Through this acquisition, Refresco Group B.V. aims to strengthen its production and supply of rice drinks and other plant-based beverages by expanding manufacturing capacity, improving access to key European customers, and enhancing its ability to deliver a wider range of dairy-alternative beverages. Frías Nutrición S.A. is a Spain-based manufacturing company that offers rice drinks.

What Defines the Rice Drink Market?

The rice drink market consists of sales of barley-rice blend drink, brown rice beverage, and fermented rice drink. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Rice Drink Market Report 2026?

The rice drink market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the rice drink industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.