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 small shares 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... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Soy and Almond Milk Production industry is in the growth stage of its life cycle, typified by strong revenue growth, growing participation and new product introductions. In the 10 years through 2018-19, industry value added is estimated to increase by an annualised 2.9%. Real GDP is forecast to grow by 2.6% annualised over the same period, suggesting that the industry's contribution to the economy is growing. The number of industry enterprises is estimated to grow by an annualised 4.9% over the five years through 2013-14, while the number of establishments is forecast to grow by 5.9% annualised.
The rate of new product introductions has been strong, particularly in the almond, rice, coconut and organic segments with innovative flavour and grain combinations... purchase to read more