Soy good: Rising health consciousness has boosted demand for industry products

IBISWorld’s Soy and Almond Milk Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


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...

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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 consumer awareness of health and wellbeing in terms of food consumption, which has resulted in the rising popularity of non-dairy milks. Soy milk dominates the industry, due to its long-standing place in the industry and a preference among food-services establishments for soy milk. However, demand for almond, oat and rice milks has grown strongly, aided by the perceived health benefits of these products. The increased availability and accessibility of these dairy substitutes has helped drive per capita 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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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
So Good

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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