Overview

Milking it: Demand for alternative dairy beverages will grow, despite competition from organic milk

IBISWorld’s Soy & Almond Milk Production Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Soy & Almond Milk Production industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Operators have thrived as Americans have become more health conscious, supporting industry demand
  • Due to competition and rising input costs, profit margins have declined
  • More consumers will be concerned with additives in cow’s milk, promoting industry demand

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    Industry Analysis & Industry Trends

    Revenue for the Soy and Almond Milk Production industry is expected to grow over the next five years, as demand for alternative dairy beverages continues to strengthen. While companies will face competition from organic milk, adventurous consumers, as well as consumers with dietary restrictions, will increasingly demand industry products. As the industry expands, producers are expected to invest in greater research and development to create new varieties of products...

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    Industry Report - Starting a New Business Chapter

    Overall, the industry faces few barriers to entry. Generally, all inputs (e.g. soybeans, almonds, rice and coconuts) are readily available. Competition is the main barrier to companies wishing to enter this industry. The current major companies have a breadth of locations in which they operate and a range of products. Strong brand names, such as Silk and Almond Dream, can be a significant barrier for new entrants to penetrate the market. In recent years, there has been a strong growth in brand promotion as a means of competition.

    Other barriers include investment requirements and regulations. Considerable capital is required to establish a new production facility or the purchase a new brand. New..

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    Additional Insights for the Soy & Almond Milk Production Industry

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

  • Marketing of differentiated products
  • Economies of scale
  • Ability to alter goods and services produced in favor of market conditions
  • IBISWorld analysts also discuss how external factors such as Healthy eating index and World price of soybeans in the Soy & Almond Milk Production industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Soy & Almond Milk Production Industry?

    This industry manufactures nondairy milk substitute beverages. These products are usually plant based and may be made from soybeans, almonds, hemp, coconut, rice or oats.

    Industry Products
    Soy milk
    Almond milk
    Coconut milk
    Rice milk
    Industry Activities
    Procuring raw materials
    Dehulling beans, nuts and seeds
    Grinding beans, nuts and seeds
    Aseptic sterilizing
    Homogenizing
    Storing and packaging

    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
  • Healthy eating index
  • World price of soybeans
  • Consumer Confidence Index
  • External competition

  • Current Performance
  • Changing product mix
  • Costs and profit
  • Industry landscape
  • Limited trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Ingredients and profit
  • Industry landscape
  • Table: Soy & Almond Milk Production Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Accommodation and Food Services

  • Key Selling Industries
  • Coated & Laminated Paper Manufacturing
  • Fruit & Nut Farming
  • Soybean Farming
  • Sugarcane Harvesting

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

  • Demand Determinants
  • Competition
  • Price and availability

  • Major Markets
  • Females aged 18 to 30
  • Males aged 18 to 30
  • Females aged 31 to 45
  • Consumers aged 17 and younger
  • Males aged 31 to 45
  • Females aged 46 and older
  • Males aged 46 and older
  • Chart: Major Market Segmentation for the Soy & Almond Milk Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    PurchasesWagesRent, utilities and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Soy & Almond Milk Production

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    WhiteWave FoodsBlue Diamond Growers
  • Table: WhiteWave Foods - financial performance
  • Table: Blue Diamond Growers - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Soy & 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 & Almond Milk Production Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of Soybeans (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Genetically Modified Organism (Gmo)
  • An organism whose genetic material has been altered using genetic engineering techniques.
  • Hemp
  • A name for low tetrahydrocannabinol (THC) strains of the plant Cannabis sativa.
  • Organic Foods
  • Foods that are produced without synthetic inputs, such as pesticides and chemical fertilizers, do not contain GMOs, and are not processed using irradiation, industrial solvents or chemical additives.
  • Plant Milk
  • Beverage produced by soaking dry beans, nuts or seeds and grinding them with water.
  • 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 & 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 & 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 & 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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