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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 | Jun 2014

Cream of the crop: Revenue grows due to rising demand as consumers seek healthier beverages

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
$144m
Annual Growth 09-14
5.9%
Annual Growth 14-19
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Profit
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Employment
187
Businesses
14
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

 


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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