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The Australia whey protein market size was approximately USD 42.24 billion in 2023. The market is assessed to grow at a CAGR of 10.7% between 2024 and 2032, reaching a value of USD 105.46 billion by 2032.
Whey protein is a nutrient rich liquid which provides amino acids, vitamins, and minerals. The whey powder is obtained from filtration and drying of whey protein liquid that is formed during the cheese making process. Its consumption controls blood sugar levels and prevents muscle loss.
The Australia whey protein market segmentation, based on type, includes whey protein isolates (WPI), whey protein concentrates (WPC), and whey protein hydrolysates (WPH).
By application, the market can be divided into sports nutrition, dietary supplements, infant formula, food additives, and beverages, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Australia whey protein market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the Australia whey protein market analysis, whey protein isolates are expected to be the most popular nutritional supplement among the adult and ageing population in Australia. This is because during the refining of whey in food processing plants, manufacturers remove fatty minerals and carbohydrate rich compounds from the farm’s milk mixture which makes it 90% rich in protein density. Its consumption improves immune system responses and relieves inflammatory bowel disease.
The demand for whey protein hydrolysates (WPH) is also expected to gain significant momentum owing to their easily digestible chemical composition. Edible infant food items and medicinal protein formulations are some of the products in which WPH is commonly used.
Sports nutrition is expected to be one of the leading application segments in the whey protein market. This is because athletes need whey protein beverages for fastening muscle recovery and restoring muscle strength after training intensively for competitive sporting events. This enables them to maintain their performance across various national and international championships without compromising on their nutritional and dietary requirements. It also helps them in maintaining an active lifestyle upon retirement. The growing influence of professional athletes and fitness influencers is boosting the Australia whey protein market demand.
Kerry Group plc was founded in 1985 and is headquartered in Ireland. Its two business segments, “Taste & Nutrition” and “Dairy Ireland” provide tasty solutions for enhancing the nutritional value of food and specialise in the production of processed dairy products like whey protein for consumer use. Its manufacturing plants are present in 147 locations across the world, and they distribute their products across major markets including the USA, Europe, and the Middle and Africa, among others.
Noumi Limited was founded in 1984 and is headquartered in Sydney, Australia. Its two business segments “Dairy and Nutrition” and “Plant Based Beverages” provide ultra-high temperature (UHT) processed dairy beverages, performance boosting powders, and food products like soy, oat, and coconut. Some of its most popular brand names include MILKLAB, Vital Strength, and So Natural. It distributes its products both domestically and internationally.
Saputo Inc. was founded in 1992 and is headquartered in Montreal, Canada. It is mainly engaged in the business of manufacturing dairy products like cheese, cream, and processed milk, among others. It has four geographic divisions for production and distribution of products which includes Canada, the USA, Europe, and Australia and Argentina.
Other Australia whey protein market players include Glanbia plc, LACTALIS Ingredients, Royal FrieslandCampina N.V., Fonterra Co-Operative Group Limited, Bioflex Nutrition Pty Ltd., Stillone Investment Group Pty Ltd. (Protein Supplies Australia), and Australian Natural Protein Company, among others.
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:
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Breakup by Type |
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Breakup by Application |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Whey Protein Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Whey Protein Historical Market (2018-2023)
8.3 Asia Pacific Whey Protein Market Forecast (2024-2032)
8.4 Asia Pacific Whey Protein Market Breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 Australia Whey Protein Market Overview
9.1 Key Industry Highlights
9.2 Australia Whey Protein Historical Market (2018-2023)
9.3 Australia Whey Protein Market Forecast (2024-2032)
10 Australia Whey Protein Market by Type
10.1 Whey Protein Isolates (WPI)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Whey Protein Concentrates (WPC)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Whey Protein Hydrolysates (WPH)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Whey Protein Market by Application
11.1 Sports Nutrition
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Dietary Supplements
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Infant Formula
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Food Additives
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Beverages
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Glanbia plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 LACTALIS Ingredients
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Royal FrieslandCampina N.V.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Fonterra Co-Operative Group Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Kerry Group plc
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Bioflex Nutrition Pty Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Stillone Investment Group Pty Ltd. (Protein Supplies Australia)
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Noumi Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Saputo Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Australian Natural Protein Company
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Whey Protein Market: Key Industry Highlights, 2018 and 2032
2. Australia Whey Protein Market: Key Industry Highlights, 2018 and 2032
3. Australia Whey Protein Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Australia Whey Protein Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Australia Whey Protein Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Australia Whey Protein Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Australia Whey Protein Market Structure
In 2023, the market reached an approximate value of USD 42.24 billion.
The market is estimated to grow at a CAGR of 10.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 105.46 billion by 2032.
The market is being driven by the evolving consumer choices regarding food and beverages, the rising awareness about healthy diet, and increasing consumption of health supplements.
The key trends aiding the market expansion include increasing product demand for sports nutrition and rising consumption by vegetarians as a source of protein.
The major types are whey protein isolates, whey protein concentrates, and whey protein hydrolysates.
Whey protein finds applications in sports nutrition, dietary supplements, infant formula, food additives, and beverages, among others.
The key players in the 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.
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