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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 Analysis Chapter

The Soy and Almond Milk Production industry has grown strongly over the past five years. This growth has been primarily driven by higher consumer awareness of health and wellbeing, resulting in the popularity of non-dairy alternatives to rise. Soy milk has come to dominate the industry, due to its favoured nutritional qualities. The demand for almond, coconut and rice milks has also been aided by the perceived health benefits of these products. Increased availability and accessibility of these dairy substitutes has also benefited the industry. This is evidenced by the dramatic growth in per capita consumption over the past decade. The industry continues to face stiff competition from dairy beverages, which account for a large proportion of daily beverage consumption... 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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