Australia Protein Market Report and Forecast 2024-2032

Key Takeaways:

• Around 13 million adults and 3 million children participate in sports yearly, as stated by the Department of Health and Age Care.

• Australian egg farmers produced 6.68 billion eggs or 557.4 million dozen in the 2022-23 financial year.

• The Department of Agriculture, Fisheries, and Forestry (DAFF) forecast a 2% increase in poultry meat production.

Food and beverage industries drive the Australia protein market growth as they frequently incorporate proteins swiftly absorbed by the body, particularly beneficial for post-workout recuperation

Protein supplements offer convenience with portable options such as powders, bars, and shakes for quick nutrition on the go. They allow precise management of protein intake, aid in swift absorption for post-workout recovery, and offer specialized formulas for diverse dietary needs. This supports the health objectives of athletes, individuals managing weight, and those with specific dietary preferences.

The Food and Beverage industry offers a wide range of flavours and textures, incorporating protein into various meal choices. Natural sources of protein such as meat, dairy, legumes, and grains provide familiarity and ease of use. These products ensure nutritional balance, can function as meal substitutes, and are reliable sources of nutrition, particularly from reputable brands.

In September 2023, NEXT! Foods, a significant player in the plant-based food market, launched innovative fresh plant-based pasta sauces, available in over 550 Coles stores. Crafted by acclaimed chefs, these Australian-made sauces promise gourmet flavours and convenience, starting with Bangin’ Creamy Carbonara and Super Saucy Bolognese, with more varieties expected.

Market Segmentation

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

Market Breakup by Type

• Animal 
  • Casein and Caseinates 
  • Collagen 
  • Egg Protein 
  • Gelatin 
  • Milk Protein 
  • Whey Protein 

• Plant
  • Hemp Protein 
  • Pea Protein 
  • Potato Protein 
  • Rice Protein 
  • Soy Protein 
  • Wheat Protein 

• Microbial
  • Algae Protein
  • Mycoprotein

• Others

Market Breakup by End Use

• Animal Feed

• Personal Care and Cosmetics

• Food and Beverages

• Supplements

• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Specialty Stores

• Online Channels

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australia Capital

• Western Australia

• Others

The Australia protein market key players are Vitaco Health Australia Pty Ltd., Bioflex Nutrition, Australian Plant Proteins Pty Ltd., Axiom Foods, Inc., Noumi Trading Pty Ltd., Biodome Functional Foods, and Glanbia Plc among others.

Key Highlights of the Report