Soy & Almond Milk Production
Over the five years to 2019, the Soy and Almond Milk Product industry has grown rapidly. Operators have thrived as US citizens have become more health conscious. Additionally, an increase in per capita disposable income made consumers more willing to spend money on healthy food and drinks. Furthermore, a dramatic rise in demand for almond milk has occurred over the past five years at the expense of soy milk, the industry's traditional top product. As a result of these trends, industry revenue is expected to increase during the current period. Over the five years to 2024, industry revenue is anticipated to continue rising as more US citizens demand healthy food and beverage products and the economy continues to improve.
This industry manufactures nondairy milk substitutes. These are usually plant-based and may be made from soybeans, almonds, hemp, coconut, rice or oats.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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