Vitasoy

Vitasoy Australia

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Milk- and Dairy Alternatives

Vitasoy Australia Forecasts Highest Ever Annual Plant Milk Production

Alt milk company Vitasoy Australia is expecting its highest ever annual production volumes, as demand for dairy alternatives continues to grow in the country. According to ABC, the company will produce around 70 million litres of plant-based milk at its facility in Victoria this year, up sevenfold since the site began operations in 2002. Originally exclusively a soy milk producer, Vitasoy now offers a wide range of plant milks, including oat, almond, coconut, and rice. The company also launched a range of plant-based yogurts last year. For the past five years, almond milk has been Vitasoy Australia’s most popular variety of plant milk, but oat is poised to take over. Chief Executive David Tyack told ABC that the demand for oat milk had “gone absolutely …

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New vegan supermarket opens in Sydney

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Market & Trends

Latest News From Australia: New Vegan Supermarket & Alt Dairy Developments

As plant-based diets continue to grow in popularity in Australia, we take a look at the latest vegan and alt protein news from the country. New vegan supermarket A vegan supermarket called Greens has just opened its doors in the Sydney suburb of Newtown. It is said to be the city’s first fully plant-based store, and the largest in the country. The retailer stocks products that are usually difficult to find in Australia, such as vegan cheeses from Italy, no-salmon sashimi made by Netherlands-based Vegan Zeastar, and egg alternatives from New York’s Simply Eggless. A range of pantry staples, fresh produce, bakery products, and confectionery is also available. Additionally, there is an on-site canteen serving sandwiches, bowls, and more. The canteen operates on a zero-food-waste …

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Vitasoy

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Facts & Figures

Vitasoy Recovers From Last Year’s Losses to Record HK$104M Profit

Hong Kong-based plant milk brand Vitasoy has published positive results for the financial year 2022/2023, after turning around previous losses. The company recorded a profit from operations of HK$104 million for the year ending in March, compared to a loss of HK$213 million in FY 2021/2022. This was achieved in spite of the increased cost of energy and raw materials, mainly due to cost rationalizations in mainland China and an increase in government subsidies in Hong Kong. Results by region Vitasoy continues to lead the Chinese soymilk market, and registered an operating profit of RMB40 million this year versus a loss of RMB280 million in FY2021/2022. However, revenue dropped slightly by 2%. The company’s Australia and New Zealand operation saw a 3% revenue increase, with …

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dairy-free greek yogurt in australia

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Products & Launches

Hong Kong’s Vitasoy Launches Dairy-Free Greek Yogurt Range in Australia

Hong Kong-based beverage manufacturer Vitasoy announces it is to bring its new dairy-free Greek yogurt range to Australia, where demand for plant-based alternatives is booming. Founded in 1940, Vitasoy says that it developed the first ready-to-drink soy milk, providing Hong Kong residents with an inexpensive and nutritious substitute for dairy milk during a period of food shortages, hunger, and skyrocketing commodity costs. Vitasoy is most known for its plant milk range, including Vitasoy Soy Milk Protein Plus, Vitasoy Oat Milk Unsweetened, Vitasoy Almond Milk Unsweetened, and Vitasoy Rice Milk Unsweetened. Apart from its dairy-free milk, the company also produces a broad range of pan-fried and dessert tofu. Dairy-Free Greek Yogurt in Australia Greek yogurt is a go-to choice for many Australians and is one of …

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