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... purchase to read more