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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 2016

Soy good: 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
Freedom Foods Group Freedom Foods Group market share
Lion Pty Ltd Lion Pty Ltd market share
Sanitarium Health Food Company Sanitarium Health Food Company market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

The Soy and Almond Milk Production industry has benefited from rising consumer demand over the past five years. Industry revenue is expected to increase at an annualised 6.0% over the five years through 2016-17. Industry revenue is anticipated to rise 3.8% during 2016-17, to $152.7 million. Increasing health awareness with regard to food consumption has boosted the popularity of non-dairy beverages, such as soy and almond milk. Soy milk accounts for the majority of industry revenue, due to its long-standing position in the industry and a preference among food-service establishments for soy milk. Smaller segments such as almond, rice and oat milk have grown rapidly, but remain small shares of industry revenue. Other sociological and biological factors are also driving industry revenue... purchase to read more

Industry Report - Starting a New Business Chapter

Potential entrants to the industry face moderate barriers to entry. The dominance of the industry by its three major players presents a formidable barrier to entry. Lion, Sanitarium and Freedom Foods account for more than three-quarters of industry revenue combined. This creates strong competition, making it difficult for new players to gain a foothold in the industry. Additionally, capital outlay required to establish operations in the industry is high. New players wanting to compete with the industry's major players must invest in expensive manufacturing equipment to attempt to achieve the same economies of scale these companies have... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Soy and Almond Milk Production Industry?

Companies in the 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 milkRice milkOat milkOther milks
Industry Activities
Dehulling beans, nuts and seedsGrinding beans, nuts and seedsAseptic sterilising HomogenisingStoring and packaging

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