Overview

Full of beans: Rising health consciousness has strongly boosted demand for non-dairy milk

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

Industry Threats & Opportunities

  • Increasing health awareness and sociological movements have boosted industry product popularity
  • Soy milk’s industry share has declined due to growth in almond, rice, oat and coconut milks
  • Rising health consciousness is anticipated to continue to stimulate demand for non-dairy milks

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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 4.8% over the five years through 2017-18, to total $158.3 million. This includes expected growth of 2.8% during the current year. Increasing health awareness regarding 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 its popularity among food-service establishments such as coffee shops. Smaller segments such as almond, rice and oat milk have grown rapidly, but remain small shares of industry revenue...

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    What is the Soy and Almond Milk Production industry?

    The Soy and Almond Milk Production industry has grown strongly over the past five years. This growth has been primarily driven by higher health consciousness in terms of food consumption, which has caused non-dairy milks to become increasingly popular. Soy milk dominates the industry, due to its long-standing position in the industry and many food-services establishments making use of soy milk. However, demand for almond, oat and rice milks has also grown strongly, aided by the perceived health benefits associated with these products. The increased availability and accessibility of these dairy substitutes have helped drive consumption over the past decade, which has benefited the industry. However, the industry continues to face strong competition from dairy beverages. Ind...

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    Additional Insights for the Soy and Almond Milk Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Soy and Almond Milk Production Industry are

  • Marketing of differentiated products
  • Economies of scale
  • Guaranteed supply of key inputs
  • IBISWorld analysts also discuss how external factors such as World price of soybeans and Demand from supermarkets and grocery stores in the Soy and Almond Milk Production industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Soy milk
    Almond milk
    Rice milk
    Oat milk
    Other milks
    Examples of brands in this Industry
    Australia's Own Organic
    Blue Diamonds
    Freedom Foods
    So Natural
    Vitasoy
    So Good

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of soybeans
  • Demand from supermarkets and grocery stores
  • Health consciousness
  • Milk consumption

  • Current Performance
  • Health and nutrition
  • External competition
  • Costs and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Health consciousness
  • Competition and private labels
  • Industry landscape
  • Table: Soy and Almond Milk Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Soy and Almond Milk Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • General Line Grocery Wholesaling
  • Accommodation and Food Services
  • Supermarkets and Grocery Stores

  • Key Selling Industries
  • Citrus Fruit, Nut and Other Fruit Growing
  • Grain Growing

  • Products & Services
  • Soy milk
  • Almond milk
  • Rice milk
  • Other milks
  • Oat milk
  • Chart: Soy and Almond Milk Production Industry Products and Services Segmentation

  • Demand Determinants
  • Health consciousness
  • Branding
  • Price

  • Major Markets
  • Supermarkets
  • Wholesalers
  • Food-service establishments
  • Other markets
  • Export markets
  • Chart: Major Market Segmentation for the Soy and Almond Milk Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent, utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Soy and Almond Milk Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Soy and Almond Milk Production Industry

  • Industry Globalization
    Major Companies
    Lion Pty LtdAustralian Health & Nutrition Association LimitedFreedom Foods Group Limited
  • Table: Lion Pty Ltd - financial performance
  • Table: Australian Health & Nutrition Association Limited - financial performance
  • Table: Freedom Foods Group Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Soy and Almond Milk Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Soy and Almond Milk Production Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Grain Milk
  • Milk that is derived from grain crops such as oats.
  • Lactose
  • Lactose is a sugar-derived glucose that is most notably found in cow milk.
  • Veganism
  • The practice of abstaining from using animal products.
  • Why buy this report?

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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