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U.S. Non-Dairy Milk Market Expanding; Almonds Outpacing Soy, Analysts Say

August 21, 2013: 12:00 AM EST
Sales of non-dairy milk products, such as soy, almonds, rice, and coconut milk, in the United States have grown to reach $1.4 billion in value, according to estimates by Marketresearch.com. For example, WhiteWave Foods reported sales increased 12 percent in the last quarter, with sales of almond milk growing more than 50 percent. Soy accounts for only 35 percent of the plant-milk industry, WhiteWave said. Almond milk has outpaced soy to grab 55 percent of the market, with research firm Euromonitor International expecting retail sales of soy milk in the US to drop 11 percent further in 2013.
Venessa Wong, "Soy Milk Fades as Americans Opt for Drinkable Almonds", Businessweek, August 21, 2013, © Bloomberg L.P.
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