Australia soy milk market size is estimated to be valued at USD 235.52 Million in 2025. It is projected to grow at a CAGR of 6.55% between 2026 and 2035, reaching USD 444.18 Million in 2035.
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Historical Period
Forecast Period
As per the USDA's report, Australia's soybean production reached 42,000 tons in the 2022/23 period.
According to the Australia Bureau of Statistics, the purchase of dairy and meat alternatives from Australian supermarkets and other food retailers rose by an additional 14% in 2020-21, continuing the 14% increase observed between 2018-19 and 2019-20.
As reported by the Australia Bureau of Statistics, individuals consumed an average of 17 grams per person per day from dairy milk alternatives such as soy or almond milk.
Compound Annual Growth Rate
6.55%
Value in USD Million
2026-2035
*this image is indicative*
Unflavoured soy milk contributes significantly to the Australia soy milk market growth due to its versatility as a base for a variety of recipes. It can be utilised in sweet and savoury dishes without changing the original flavour profile
Unflavoured soy milk provides flexibility in cooking, appeals to health-conscious consumers with its natural simplicity, and enables personalisation with sweeteners. It retains a healthy nutritional profile, accommodates dietary preferences, and appeals to those with traditional tastes.
Flavoured soy milk offers a variety of flavours to satisfy different palates, particularly appealing to children and selective eaters. Convenient for on-the-go consumption, it elevates recipes, disguises the natural soy taste, and helps brands stand out in the market with distinctive flavours.
In November 2023, Vitasoy Australia reached its peak annual output, targeting 70 million litres of soy, almond, oat, rice, and coconut milk production, complemented by a new line of soy and oat-based yoghurts.
"Australia Soy Milk Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Distribution Channel
Market Breakup by Region
The Australia soy milk market key players are:
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The market was valued at USD 235.52 Million in 2025.
The market is projected to grow at a CAGR of 6.55% between 2026 and 2035.
The revenue generated from the soy milk market is expected to reach USD 444.18 Million in 2035.
The soy milk market is categorised according to type, which includes flavoured and unflavoured.
The key players are Royal Nut Company, Australian Health and Nutrition Association Ltd., Vitasoy Australia Products Pty Ltd., Noumi Trading Pty Ltd., Pure Harvest, and Woolworths Group among others.
Based on the distribution channel, the market is divided into hypermarkets & supermarkets, convenience stores, online channel, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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