Soy and Almond Milk Production in Australia - Market Research Report

Soy and Almond Milk Production industry trends (2014-2019)

poll Average industry growth 2014–2019: 8.7%

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 8.3% over the five years through 2019-20, to $237.1 million. This includes expected growth of 4.2% in the current year. Increasing health consciousness has boosted the popularity of non-dairy beverages, such as soy and almond milk over the period. Soy milk accounts for close to the majority of industry revenue, due to its long-standing position in the industry and its popularity among food-service establishments such as coffee shops. Fluctuations in input prices, particularly for soybeans, almonds and rice, significantly influence the industry. Most soy milk produced in Australia is...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Soy and Almond Milk Production industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Soy and Almond Milk Production industry is forecast to continue steadily growing over the next five years. Rising health consciousness will likely boost demand for industry products over the period. Greater acceptance of soy milk and other dairy alternatives as genuine replacements for dairy milk, particularly in the food service and accommodation sectors, is also anticipated to support industry growth. Industry revenue is forecast to increase at an annualised X.X% over the five years through XXX-XX, to be worth $XX.X million. Despite this revenue growth, a projected increase in competition will likely limit profit growth over the period. Health consciousness Trends favouring health consciousness are anticipated to continue over the next five y...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Soy and Almond Milk Production industry statistics

  • attach_money Market Size: $228m
  • business Number of Businesses: 23
  • poll Average Industry Profit Margin: x.x%
    lock
    Purchase this report or a membership to unlock the average company profit margin for this industry.
  • supervisor_account Industry Employment: 245

Biggest companies in the Soy and Almond Milk Production industry

The companies holding the largest market share in the Soy and Almond Milk Production in Australia industry include Freedom Foods Group Limited, Lion Pty Ltd and Australian Health & Nutrition Association Limited.

  • pie_chart Freedom Foods Group Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart Lion Pty Ltd Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart Australian Health & Nutrition Association Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.

What is Soy and Almond Milk Production industry?

Industry Definition

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 and Services

  • Soy milk
  • Almond milk
  • Rice milk
  • Coconut milk
  • Other milks

Industry Activities

  • Dehulling beans, nuts and seeds
  • Grinding beans, nuts and seeds
  • Aseptic sterilising
  • Homogenising
  • Storing and packaging

Market research report - table of contents

Industry Definition

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.

Main Activities

  • Dehulling beans, nuts and seeds
  • Grinding beans, nuts and seeds
  • Aseptic sterilising
  • Homogenising
  • Storing and packaging

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Soy milk is the most popular product in the industry. Because soy beans are a key input in soy milk, the cost of production rises for soy milk manufacture...
lock
Purchase this report or a membership to unlock the full breakdown of the key external drivers in this industry.
World price of soybeans
Demand from supermarkets and grocery stores
Health consciousness
Milk consumption

Current Performance

External competition
Costs and profit
 Chart: Revenue Growth

Industry Outlook

Competition and private labels
Industry landscape
 Table: Soy and Almond Milk Production in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Soy and Almond Milk Production in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

General Line Grocery Wholesaling in Australia
Accommodation and Food Services
Supermarkets and Grocery Stores in Australia




Key Selling Industries

Citrus Fruit, Nut and Other Fruit Growing in Australia
Grain Growing in Australia





Products & Services

The non-dairy milk market has strongly expanded over the past decade, with a growing number of plant-based milks being offered. Similar to their dairy cou...
Wholesalers
Export markets
Other markets
Food-service establishments


Demand Determinants

Demand for plant-based milk relies on a range of factors such as retail prices, reputation, health consciousness and brand recognition. Rising health cons...
lock
Purchase this report or a membership to unlock the full analysis of the demand determinants in this industry.

Major Markets

Wholesalers
Export markets
Other markets
Food-service establishments



 Chart: Major Market Segmentation for the Soy and Almond Milk Production in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Soy and Almond Milk Production industry is highly concentrated. The industry's three largest players, Freedom Foods, Lion and Sanitarium account for o...
lock
Purchase this report or a membership to unlock the full analysis of the market share concentration in this industry.

Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Soy and Almond Milk Production in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Soy and Almond Milk Production in Australia - Market Research Report Industry

Industry Globalization

Freedom Foods Group Limited (FFG) is a locally owned publicly listed company, based in Taren Point, Sydney. The company was incorporated in 1984 and liste...
lock
Purchase this report or a membership to unlock the full analysis of the major players in this industry.

Freedom Foods Group

 Table: Freedom Foods Group - financial performance

Lion

 Table: Lion - financial performance

Sanitarium Health Food Company

 Table: Sanitarium Health Food Company - financial performance

Capital Intensity

The Soy and Almond Milk Production industry has moderate capital intensity. In 2019-20, for every dollar spent on wages, an estimated $0.32 is invested in...
lock
Purchase this report or a membership to unlock the full analysis of the capital intensity of this industry.
 Chart: Level of Capital Intensity for the Soy and Almond Milk Production in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Soy and Almond Milk Production in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

GRAIN MILK

LACTOSE

VEGANISM

Purchase to Read Full Report

100% Money Back Guarantee Digicert Trusted

Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Soy and Almond Milk Production industry?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
  • Quickly build competitive intelligence

This report on Soy and Almond Milk Production in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Soy and Almond Milk Production in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Soy and Almond Milk Production in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal
clear