Report Overview

The Australia whey protein market is estimated to be valued at AUD 82.04 million in 2023. It is expected to grow at a CAGR of 4.98% between 2024 and 2032 to reach almost AUD 127.05 million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the Australian Bureau of Statistics, household spending in the health category grew by 5.3% in January 2024.
  • According to the Australian Sports Commission, Australian individuals approximately spent $16.4 billion on sports and physical activity.
  • As per the Australian Sports Commission, in 2021, the number of individuals aged 15 years and above in sports or physical activity has increased to 21%.

Australia Whey Protein Market Growth

Compound Annual Growth Rate

Value in AUD million

4.98%

2024-2032


Australia Whey Protein Market Outlook

*this image is indicative*

Based on type, the Australia whey protein market share is driven by whey protein isolates due to their high protein content and fast digestion and absorption.

Individuals or fitness enthusiasts consume high-quality protein supplements which help in training, recovery, and overall health benefits. It provides additional nutrients, rapid digestion and high protein content which prioritize their protein intake and acts as a convenient and effective protein source.

Australia Whey Protein Market Summary Description Value
Base Year AUD Million 2023
Historical period AUD Million 2018-2023
Forecast Period AUD Million 2024-2032
Market Size 2023 AUD Million 82.0
Market Size 2032 AUD Million 127.1
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 5.0%
CAGR 2024-2032 - Market by Region Australian Capital Territory 5.7%
CAGR 2024-2032 - Market by Region Queensland 4.5%
CAGR 2024-2032 - Market by Type Whey Protein Isolates 5.5%
CAGR 2024-2032 - Market by Application Sports and Performance Nutrition 5.6%
Market Share by Region Victoria 23.5%

Australia Whey Protein Market Report

The increasing fitness and health awareness among individuals led to the increasing consumption of proteins which indicate the Australia whey protein market growth. Individuals prioritize sports or physical activities for their healthy lifestyles enabling them to consume whey protein to increase their protein intake.

As per the Australian Bureau of Statistics, 76.8% of Australian individuals aged between 25 and 34 did physical activity, thus boosting the demand of Australia whey protein market.

Australia Whey Protein Market Segmentation

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

Market Breakup by Type

  • Whey Protein Concentrate 
  • Whey Protein Isolates
  • Whey Protein Hydrolysate
  • Others

Market Breakup by Application

  • Sports and Performance Nutrition
  • Functional/Fortified Food
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Whey Protein Market Share

Whey protein is predominantly used in the sports and performance nutrition sector. Athletes, fitness enthusiasts, and individuals engaged in physical training often consume whey protein supplements to support muscle growth, repair, and recovery. Whey protein is valued for its high biological value, containing essential amino acids that aid in muscle protein synthesis. It is commonly consumed as a post-workout supplement to replenish nutrients and promote muscle recovery.

CAGR 2024-2032 - Market by Region
Australian Capital Territory 5.7%
Queensland 4.5%
New South Wales 4.0%
Victoria XX%
Western Australia XX%
Others XX%

Leading Companies in the Australia Whey Protein Market

The growth of the whey protein market is fuelled by increasing sports or physical activity which creates an increasing demand for whey protein for individuals with balanced nutrition and protein consumption.

  • Glanbia Plc
  • Bioflex Nutrition Pty Ltd
  • Stillone Investment Group Pty Ltd
  • Saputo Dairy Australia Pty Ltd
  • Fonterra Co-operative Group Limited
  • Ausphex Pty Ltd
  • Integrity Food Co.
  • Noumi Trading Pty Ltd

*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.*

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Key Questions Answered in the Report

The Australia whey protein market was valued at AUD 82.04 million in 2023.

The market is projected to grow at a CAGR of 4.98% between 2024 and 2032.

The revenue generated from the market is expected to reach AUD 127.05 million in 2032.

Based on the type, the whey protein market is bifurcated into whey protein concentrate, whey protein isolates, and whey protein hydrolysate.

Key players in the industry are Glanbia Plc, Bioflex Nutrition Pty Ltd, Stillone Investment Group Pty Ltd, Saputo Dairy Australia Pty Ltd, Fonterra Co-operative Group Limited, Ausphex Pty Ltd, Integrity Food Co. and Noumi Trading Pty Ltd among others.

The different applications in the whey protein market include sports and performance nutrition and functional/fortified food.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Type
  • Application
  • Region
Breakup by Type
  • Whey Protein Concentrate
  • Whey Protein Isolates
  • Whey Protein Hydrolysate
  • Others
Breakup by Application
  • Sports and Performance Nutrition
  • Functional/Fortified Food
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Glanbia Pl
  • Bioflex Nutrition Pty Ltd.
  • Stillone Investment Group Pty Ltd.
  • Saputo Dairy Australia Pty Ltd
  • Fonterra Co-operative Group Limited
  • Ausphex Pty Ltd.
  • Integrity Food Co.
  • Noumi Trading Pty Ltd.
  • Others

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