Australia Whey Protein Market Size, Growth, Forecast 2031

Australia Whey Protein Market Size, Growth, Forecast 2031

Segments - Australia Whey Protein Market by Applications (Infant Formula, Sports & Performance Nutrition, and Functional/Fortified Food), Types ( Whey Protein Concentrates, Hydrolyzed Whey Proteins, and Whey Protein Isolates), and Country (Australia) - Australia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-3103 | 4.4 Rating | 76 Reviews | 205 Pages | Format : PDF Excel PPT

Report Description


The Australia whey protein market size was USD 222.24 Billion in 2022 and is likely to reach USD 282.46 Billion by 2031, expanding at a CAGR of 2.7% during 2023–2031.The growth of the market is attributed to numerous health benefits of whey protein such as aid in weight management, lowered blood pressure, and decreased symptoms of stress & depression.

Whey protein is a protein derived from whey, the liquid component of milk that separates from the milk solids during the cheese-making process. It is frequently used as a protein supplement.

Australia Whey Protein Market Outlook

Whey protein boosts the nutritious content of the diet while also influencing the immune system. Whey protein is commonly used for improving athletic performance and increasing strength. It is also used for asthma, diabetes, weight loss, and many other conditions, but there is no good scientific evidence to support most of these uses.

The increased awareness among the general public to be healthy and in shape, as well as improving body immunity throughout the world, has resulted in a significant increase in protein demand in urban areas. Another important aspect driving demand for whey basic protein isolates is their widespread use in infant formula, snacks, dairy & bread goods, and confectionaries.

Furthermore, whey basic protein isolates are being used as a supplement and substitute to milk by lactose intolerant people to improve athletic performance and glutathione levels in HIV patients. 
Increased demand for protein sports drinks, specialty nutritional beverages, nutritious snack bars, and other things has resulted from the rising the number of muscle and fitness enthusiasts. 

According to the Australian bureau of agricultural and resource economics and sciences, total milk output in Australia is expected to rise by 2% to 9 billion liters in during the forecast period. Australia dairy industry points out that as wages rise and cuisines become more westernized, Asian economies offer significant potential for consumption development. Over several decades, Australian dairy firms have demonstrated track records in servicing these markets.

  • Increased concern for healthy diet is expected to drive the market in coming years.

  • Urbanization and increasing aging population are expected to boost the market during the forecast period.

  • Increased demand for nutritious food with long shelf-life leads to increased connectivity, which is expected to fuel the market during the forecast period.

  • Rising milk or dairy production is key factors driving the market in the coming years.

  • Rapid growth in number of fitness centers and gyms are major factors boosting the market in the coming years.

  • Scientific research and development in protein isolation and customization of products are projected to create lucrative opportunities for the market players.

Scope of Whey Protein Market Report

The report on the Australia whey protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Australia Whey Protein Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Infant Formula, Sports & Performance Nutrition, and Functional/Fortified Food), Types (Whey Protein Concentrates, Hydrolyzed Whey Proteins, and Whey Protein Isolates)

Country Scope

Australia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Glanbia plc.; Lactalis Ingredients; Milkiland; AB "Rokiškio s?ris; Arla Foods Ingredients Group P/S; FrieslandCampina Ingredients.

Australia Whey Protein Market Segment Insights

The sports & performance nutrition segment is projected to constitute a key market share

Based on applications, the Australia whey protein market is divided into infant formula, sports & performance nutrition, and functional/fortified food. The sports & performance nutrition segment is expected to account for a key share of the market during the forecast period owing to health clubs and fitness facilities serve as distribution locations for various whey protein supplements for practically all customer categories including athletes, bodybuilders, and recreational users.

Australia Whey Protein Market Applications

The whey protein concentrates segment is expected to expand at a rapid pace

In terms of types, the Australia whey protein market is segmented into whey protein concentrates, hydrolyzed whey proteins, and whey protein isolates. The whey protein concentrates segment is expected to hold a key share of the market in the coming years due to rising demand among athletes, bodybuilders, and individual for protein powders to improve muscle heath, weight management, and increased strength.

Australia Whey Protein Market Types

Segments

Applications

  • Infant Formula
  • Sports & Performance Nutrition
  • Functional/Fortified Food

Types

  • Whey Protein Concentrates
  • Hydrolyzed Whey Proteins
  • Whey Protein Isolates

Country

  • Australia

Key Players        

Competitive Landscape

Key players competing in the Australia whey protein market include Glanbia plc.; Lactalis Ingredients; Milkiland; AB "Rokiškio sūris; Arla Foods Ingredients Group P/S; FrieslandCampina Ingredients.

Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Australia Whey Protein Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Whey Protein Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Whey Protein Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Whey Protein Market - Supply Chain
  4.5. Global Whey Protein Market Forecast
     4.5.1. Whey Protein Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Whey Protein Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Whey Protein Market Absolute $ Opportunity
5. Global Whey Protein Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Whey Protein Market Size and Volume Forecast by Types
     5.3.1. Whey Protein Concentrates
     5.3.2. Hydrolyzed Whey Proteins
     5.3.3. Whey Protein Isolates
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Whey Protein Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Whey Protein Market Size and Volume Forecast by Applications
     6.3.1. Infant Formula
     6.3.2. Sports & Performance Nutrition
     6.3.3. Functional/Fortified Food
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Whey Protein Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Whey Protein Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Whey Protein Demand Share Forecast, 2019-2026
8. North America Whey Protein Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Whey Protein Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Whey Protein Market Size and Volume Forecast by Types
     8.4.1. Whey Protein Concentrates
     8.4.2. Hydrolyzed Whey Proteins
     8.4.3. Whey Protein Isolates
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Whey Protein Market Size and Volume Forecast by Applications
     8.7.1. Infant Formula
     8.7.2. Sports & Performance Nutrition
     8.7.3. Functional/Fortified Food
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Whey Protein Demand Share Forecast, 2019-2026
9. Latin America Whey Protein Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Whey Protein Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Whey Protein Market Size and Volume Forecast by Types
     9.4.1. Whey Protein Concentrates
     9.4.2. Hydrolyzed Whey Proteins
     9.4.3. Whey Protein Isolates
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Whey Protein Market Size and Volume Forecast by Applications
     9.7.1. Infant Formula
     9.7.2. Sports & Performance Nutrition
     9.7.3. Functional/Fortified Food
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Whey Protein Demand Share Forecast, 2019-2026
10. Europe Whey Protein Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Whey Protein Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Whey Protein Market Size and Volume Forecast by Types
     10.4.1. Whey Protein Concentrates
     10.4.2. Hydrolyzed Whey Proteins
     10.4.3. Whey Protein Isolates
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Whey Protein Market Size and Volume Forecast by Applications
     10.7.1. Infant Formula
     10.7.2. Sports & Performance Nutrition
     10.7.3. Functional/Fortified Food
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Whey Protein Demand Share Forecast, 2019-2026
11. Asia Pacific Whey Protein Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Whey Protein Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Whey Protein Market Size and Volume Forecast by Types
     11.4.1. Whey Protein Concentrates
     11.4.2. Hydrolyzed Whey Proteins
     11.4.3. Whey Protein Isolates
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Whey Protein Market Size and Volume Forecast by Applications
     11.7.1. Infant Formula
     11.7.2. Sports & Performance Nutrition
     11.7.3. Functional/Fortified Food
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Whey Protein Demand Share Forecast, 2019-2026
12. Middle East & Africa Whey Protein Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Whey Protein Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Whey Protein Market Size and Volume Forecast by Types
     12.4.1. Whey Protein Concentrates
     12.4.2. Hydrolyzed Whey Proteins
     12.4.3. Whey Protein Isolates
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Whey Protein Market Size and Volume Forecast by Applications
     12.7.1. Infant Formula
     12.7.2. Sports & Performance Nutrition
     12.7.3. Functional/Fortified Food
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Whey Protein Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Whey Protein Market: Market Share Analysis
  13.2. Whey Protein Distributors and Customers
  13.3. Whey Protein Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Glanbia plc.
     13.4.2. Lactalis Ingredients
     13.4.3. Milkiland
     13.4.4. AB "Rokiškio sūris
     13.4.5. Arla Foods Ingredients Group P/S
     13.4.6. FrieslandCampina Ingredients

Methodology

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