Australia Animal Protein Market Report and Forecast 2025-2034

Australia Animal Protein Market Outlook

The Australia animal protein market size reached USD 101.62 million in 2023. The market is expected to grow at a CAGR of 3.8% between 2024 and 2032, reaching almost USD 143.12 million by 2032.

Key Takeaways:

• According to data from the Australian Bureau of Statistics in 2022, beef production in Australia totalled 471 thousand tonnes. Over the foreseeable future, there is an expected uptick in demand for animal protein, driven by the rising consumer preference for healthier and functional food and beverages.

• The aquaculture industry is positioned for further expansion, necessitating increased compound feed production to meet growing domestic and global demands. It is projected that feed production will climb from 183.6 thousand metric tons in 2023 to 195.7 thousand metric tons by 2029.

• The poultry meat production in Australia surged to 1.2 million tons in 2020, valued at USD 2.9 billion, indicating a 2.8% increase over the previous year. This rise is part of a broader trend, with production growing by 10.1% between 2017 and 2022 to meet escalating demand.

• Additionally, per capita consumption of poultry eggs rose to 249 eggs in 2021, a 7.8% increase from 2017, leading to an increase in egg production to 6.3 billion eggs in 2021. Similarly, per capita consumption of poultry meat climbed to 44.50 kg in 2022, up from 43.35 kg in 2017, reflecting sustained demand growth.

The consumption of animal products like burgers, hotdogs, and minced meat is on the rise in Australia, driven by the demand for convenience and processed foods. Animal proteins such as casein and collagen are increasingly used in processed products to enhance functionality and nutritional content. These proteins serve various purposes, acting as stabilisers, thickeners, and supplements in foods like salad dressings and soups. Market players are responding to this growing demand by introducing innovative animal protein products, such as Darling Ingredients' X-Pure gelatin launched in May 2021 which is driving the Australia animal protein market.

Animal proteins also find applications in animal feed and personal care products, where they contribute to overall health and nutrition and provide benefits like reduced wrinkles and improved collagen levels. The production of animal protein is rising to meet the increasing demand for protein-rich foods and supplements driven by health-conscious consumers and sports enthusiasts.

The growing demand for plant-based protein alternatives due to ethical and environmental concerns poses a challenge for the market. Despite this, the demand for protein-rich products and ingredients remains high in Australia, especially among fitness-conscious consumers and the aging population.

The Australia animal protein market development is aided by the production, processing, and distribution of animal-based protein products, playing a significant role in the country's agricultural sector and food security. Factors driving market growth include the growing population, increasing disposable income, and rising awareness of the health benefits associated with animal-based protein consumption.

Market Segmentation

Australia Animal Protein Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Gelatin

• Egg Protein

• Fish Protein

• Dairy Protein

• Insect Protein

• Collagen

• Others

Market Breakup by Form

• Liquid

• Solid

Market Breakup by End-Use

• Cosmetics and Personal Care

• Pharmaceutical and Nutraceuticals 

• Animal Feed 

• Food and Beverages

• Fresh Food

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players in the animal protein in Australia produce and provide products to support the end-users.

• Noumi Limited

• Ridley Corporation Limited

• Integrity Food Co.

• Biodome Functional Foods

• Glanbia plc

• True Protein 

• Hi-Performance Health Pty. Ltd. 

• Others

Key Highlights of the Report