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 a small share 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. The high levels of brand loyalty in the industry have resulted in greater value addition... purchase to read more
Industry Report - Industry Products Chapter
The non-dairy beverage market has seen strong growth over the past decade, with a large number of plant based milks available in a growing array of formulations. Like their diary counterparts, they also include flavoured, sweetened, unsweetened, low-fat or non-fat and fortified varieties. Some blends are formulated to address specific health concerns, such as cardiovascular, digestive health, energy and calcium absorption.
Soy milk is the most popular dairy-alternative beverage in the world, accounting for majority of product introductions in the category. In Australia, soy milks featured in over 75% of all non-dairy beverage launches in 2012 either as the main or secondary ingredient... purchase to read more