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 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