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Soy and Almond Milk Production in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Soy and Almond Milk Production Market Research Report | Consumer Goods & Services | Beverage Production | Mar 2013

Milking revenue: Increased health awareness among consumers leads to industry growth

IBISWorld’s Soy and Almond Milk Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Lion Pty Ltd Lion Pty Ltd market share
Sanitarium Sanitarium market share
Industry Statistics & Market Size
Revenue
$137m
Annual Growth 08-13
4.7%
Annual Growth 13-18
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Profit
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Employment
150
Businesses
9
Industry Analysis & Industry Trends

The Soy and Almond Milk Production industry has benefited from the health and wellbeing movement, which has led to an increase in the popularity of non-dairy beverages such as soy and almond milk. Soy milk accounts for the lion's share of industry revenue, due to its superior nutritional qualities of being high in protein and low in sodium and saturated fats. Smaller segments, such as almond, rice and coconut milk, have also grown rapidly, but account for only a small share of industry revenue. Other sociological and biological factors are driving industry revenue. Vegetarianism and veganism are gaining momentum, and the incidences of lactose intolerance and food allergies are growing. The high levels of brand loyalty in the industry have resulted in greater value addition... purchase to read more

Industry Report - Industry Key Buyers Chapter

There is a high and increasing level of competition within the industry with Vitasoy and Sanitarium's products accounting for over 90% of the industry. This means that competition between different brands of soy and grain milk products is fierce given the high level of marketing and advertising deployed by both major companies to maintain and grow market share.

There is also a growing level of import competition as demonstrated by the success of international brands such as Bon Soy among Australian consumers and within the food service market. Imports are expected to grow over the next five years meaning that existing operators will need to work hard to maintain and grow their market share... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Soy and Almond Milk Production Industry?

Companies in this industry manufacture non-dairy milk substitute beverages. These products are usually plant-based and may be made from soybeans, almonds, hemp, coconut, rice or oats.

Industry Products
Soy milkAlmond milkCoconut milkRice milkOther milk
 
Industry Activities
Dehulling beans, nuts and seedsGrinding beans, nuts and seedsAseptic sterilising HomogenisingStoring and packagingDehulling beans, nuts and seedsGrinding beans, nuts and seedsAseptic sterilising HomogenisingStoring and packaging


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