Soy & Almond Milk Production in the US - Industry Market Research Report
Description
Soy & Almond Milk Production in the US
Soy and almond milk producers have expanded rapidly, including revenue boosting in 2020, despite the overall negative impact of COVID-19 on the economy. Revenue is estimated to rise at a CAGR of 2.8% to $3.2 billion through the end of 2023, although revenue is forecast to inch down 0.6% in 2023 alone. In early 2020, nonessential businesses were forced to temporarily close; however, since soy and almond milk producers are part of the broader food and beverage manufacturing industry, these producers were considered essential. Also, many soy and almond milk products have become staples in consumers' diets, supporting demand, despite economic uncertainty.
Soy and almond milk producers manufacture 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."
Soy and almond milk producers have expanded rapidly, including revenue boosting in 2020, despite the overall negative impact of COVID-19 on the economy. Revenue is estimated to rise at a CAGR of 2.8% to $3.2 billion through the end of 2023, although revenue is forecast to inch down 0.6% in 2023 alone. In early 2020, nonessential businesses were forced to temporarily close; however, since soy and almond milk producers are part of the broader food and beverage manufacturing industry, these producers were considered essential. Also, many soy and almond milk products have become staples in consumers' diets, supporting demand, despite economic uncertainty.
Soy and almond milk producers manufacture 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."
Table of Contents
45 Pages
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
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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