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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 2015

Ditching dairy: 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
Lion Pty Ltd Lion Pty Ltd market share
Sanitarium Health Food Company Sanitarium Health Food Company market share
Industry Statistics & Market Size
Revenue
$146m
Annual Growth 11-16
6.3%
Annual Growth 16-21
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Profit
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Employment
215
Businesses
17
Industry Analysis & Industry Trends

The Soy and Almond Milk Production industry has benefited from rising consumer demand as a result of growing health awareness with regard to food consumption, which has boosted 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, including high levels of protein, and low sodium and saturated fats. Smaller segments, such as almond, rice and coconut milk, have also grown rapidly, but remain only small shares of industry revenue. Other sociological and biological factors are also driving industry revenue. Vegetarian and vegan movements are gaining momentum and the incidences of lactose intolerance and food allergies are growing... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Soy and Almond Milk Production industry exhibits high levels of market share concentration. The top two companies within the industry, Vitasoy and Sanitarium, account for almost 90% of industry revenue. 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. Over the past five years, the level of market share concentration has declined slightly, with a number of smaller brands and companies entering the industry. New entrants have been able to develop and market niche products that successfully penetrate into the market of established brands within Australia's food and beverage sector and build loyalty among consumers... 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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