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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 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 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 - Starting a New Business Chapter

The industry has medium levels of barriers to entry despite the dominance of the industry by the two major players, high levels of competition and high capital outlay for companies. In addition to this, there is a low level of industry assistance available for companies operating in the industry. The industry's two major players have a combined market share close to 90%, which revolves around the high degree of brand recognition and customer loyalty for their products among Australian consumers. This presents an immediate stumbling block for new entrants who may find it hard to establish their own credentials and customer base by clawing market share away from such well-known brands... 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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