Global Rice Milk Market 2017: Gaining Momentum due to Rising Levels of Lactose Intolerance
May 3, 2017
Orbis Research Comprehensive Report: Global Rice Milk Market to grow at a CAGR of 15.47% during the period 2017-2021.
Dallas, United States - May 3, 2017 /MarketersMedia/ —
Description
New Research Report – Global Rice Milk Market 2017-2021
The Following Companies as 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.
Commenting on the report: “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”
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.
Get a PDF Sample of Global Rice Milk Market Report at: http://www.orbisresearch.com/contacts/request-sample/244636
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.
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.
Contact Info:
Name: Hector Costello
Organization: Orbis Research
For more information, please visit http://www.orbisresearch.com/reports/index/global-rice-milk-market-2017-2021
Source: MarketersMedia
Release ID: 193300
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