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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 | Jul 2016

Soy good: Rising health consciousness has boosted demand for industry products

IBISWorld’s Soy and Almond Milk Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Freedom Foods Group Freedom Foods Group market share
Lion Pty Ltd Lion Pty Ltd market share
Sanitarium Health Food Company Sanitarium Health Food Company market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

The Soy and Almond Milk Production industry has benefited from rising consumer demand over the past five years. Industry revenue is expected to increase at an annualised 6.0% over the five years through 2016-17. Industry revenue is anticipated to rise 3.8% during 2016-17, to $152.7 million. Increasing health awareness with regard to food consumption has boosted the popularity of non-dairy beverages, such as soy and almond milk. Soy milk accounts for the majority of industry revenue, due to its long-standing position in the industry and a preference among food-service establishments for soy milk. Smaller segments such as almond, rice and oat milk have grown rapidly, but remain small shares of industry revenue. Other sociological and biological factors are also driving industry revenue... purchase to read more

Industry Report - Industry Products Chapter

The non-dairy milk market has expanded strongly over the past decade, with a growing number of plant-based milks offered. Like their dairy counterparts, industry products include flavoured, sweetened, unsweetened, low-fat or no-fat and fortified varieties. Some blends are formulated to address specific health concerns, such as digestive health and calcium absorption. Each segment's size represents its contribution to industry revenue.

Soy milk

Soy milk is the most popular dairy-alternative beverage, accounting for the majority of industry revenue. However, over the past five years, soy milk has declined as a share of industry revenue due to the growth of other non-dairy milk types, particularly almond milk... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Soy and Almond Milk Production Industry?

Companies in the 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 milkRice milkOat milkOther milks
Industry Activities
Dehulling beans, nuts and seedsGrinding beans, nuts and seedsAseptic sterilising HomogenisingStoring and packaging

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