Press Release
Press Release
According to a new report by EMR titled, ‘The Australia Whey Protein Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 42.24 billion in 2023. The market is estimated to grow at a CAGR of 10.7% between 2024 and 2032 to reach around USD 105.46 billion by 2032.
The Australia whey protein market growth is being fuelled by the strong athlete culture in the country and the rising demand for sports nutrition products. Whey protein is derived from milk during cheese production and is a popular dietary supplement, renowned for its complete amino acid profile that is essential for muscle growth and repair. It offers vital amino acids, vitamins, and minerals, supporting various bodily functions. The consumption of whey protein helps regulate blood sugar levels and prevents muscle loss.
Table: Different Types of Protein Comparative Analysis
Protein | Source | Protein Content | Type |
Whey Protein | Dairy (byproduct of cheese production). | 20-30 grams per serving (a scoop of about 25-30 grams) | Concentrate, Isolate, Hydrolysate |
Casein Protein | Dairy (80% of milk protein, slow-digesting) | Around 20-25 grams per serving | Micellar Casein, Casein Hydrolysate |
Soy Protein | Soybeans (plant-based) | Around 15-25 grams per serving. | Soy Protein Isolate |
Pea Protein | Yellow split peas (plant-based). | Around 15-25 grams per serving. | Pea Protein Isolate |
Hemp Protein | Hemp seeds (plant-based). | Around 10-15 grams per serving. | Hemp Protein Powder |
Brown Rice Protein | Brown rice (plant-based). | Around 15-20 grams per serving. | Brown Rice Protein Isolate |
Egg White Protein | Egg whites (animal-based). | Around 20-25 grams per serving. | Egg White Powder |
With the growing demand for convenient food options and hectic work schedules of the young population, Australians are spending less time on food preparation and demanding nutrient-rich supplements such as whey protein. Such supplements serve as a convenient source of protein, addressing the need for increased nutrition intake.
There is an increasing demand for electrolyte-rich beverages among athletes. Such beverages are enriched with whey protein and support instant rehydration, which is crucial for replenishing fluids lost during rigorous training sessions. As Australia is renowned for its vibrant sports culture, spanning swimming, rugby, and cricket, the sales of protein-rich food and beverages are rising.
The growing rates of obesity and rising health consciousness are prompting key players such as Kerry Group (OTCMKTS: KRYAY) to manufacture naturally healthy drinks that can promote weight loss. Moreover, the rising accessibility to whey protein on e-commerce channels is expected to fuel the market growth in the coming years.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the Australia whey protein market are Glanbia plc, LACTALIS Ingredients, Royal FrieslandCampina N.V., Fonterra Co-Operative Group Limited, Kerry Group plc, Bioflex Nutrition Pty Ltd., Stillone Investment Group Pty Ltd. (Protein Supplies Australia), Noumi Limited, Saputo Inc., and Australian Natural Protein Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Application |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.