Report Overview

The Australia protein supplements market is expected to grow at a CAGR of 7.71% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to Ausplay, around 90% of adults participate in sports at least once a year by 2023.
  • In 2022, the Australian Capital Territory (ACT) had the highest sports participation rate, with 49% of individuals engaging weekly.
  • According to the USDA, Australia's soybean production reached 42,000 tons in 2022/23, fuelled by increased demand for its protein content.

Australia Protein Supplements Market Growth

Compound Annual Growth Rate

Value in AUD Million

7.71%

2024-2032


Australia Protein Supplements Market Outlook

*this image is indicative*

Based on the source, the Australia protein supplements market share is driven by plant-based supplements as individuals increasingly prefer healthier alternatives.

The growing consciousnesses among individuals for personal health and sustainability have contributed to the consumption of plant-based protein supplements. These supplements offer convenient ways for individuals to meet their daily dietary needs while aligning with their health-conscious choices, thus, stimulating the Australia protein supplements market growth.

Individuals are engaging or following vegetarian and vegan diets and prioritise plant-based foods, as these supplements address allergen considerations making them suitable for individuals with food allergies or intolerances and provide an alternative to animal-derived products.

Furthermore, sustainability concerns drive the adoption of plant-based alternatives, as these supplements have a lower environmental footprint than animal-based options. The emphasis on eco-conscious consumption encourages consumers to choose plant-based products. The increasing innovation in the food and beverage industry has led to the development a diverse range of plant-based protein supplements, with manufacturers introducing new formulations, flavours, and formats to appeal to consumers.

Ingredient Optimized has announced that three major Australian brands have launched products using the company’s advanced protein technology, ioPea. The ioPea ingredient has been clinically demonstrated to be 2-5 times more bioavailable and better absorbed compared to unaltered pea protein.

Australia Protein Supplements Market Segmentation

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

Market Breakup by Type

  • Casein
  • Whey Protein
  • Egg Protein
  • Soy Protein
  • Others

Market Breakup by Form

  • Protein Powder
  • Protein Bars
  • Ready to Drink

Market Breakup by Source

  • Animal-Based
  • Plant-Based

Market Breakup by Application

  • Sports Nutrition
  • Functional Food

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

Market Breakup by Region

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

Australia Protein Supplements Market Share

Protein supplements are predominantly consumed in the sports nutrition sector. Athletes, bodybuilders, and fitness enthusiasts often use protein supplements to support muscle growth, repair, and recovery after intense physical activity. These supplements are formulated to provide concentrated doses of high-quality proteins like whey, casein, or plant-based proteins, which are easily digestible and absorbed by the body, catering to individuals seeking to enhance their athletic performance, maintain muscle mass, or achieve specific fitness goals.

Leading Companies in the Australia Protein Supplements Market

The growth of the protein supplements market is fuelled by increasing consciousness for health and sustainable products and increasing adoption of plant-based alternatives.

  • Vitaco Health Australia Pty Ltd.
  • Glanbia Performance Nutrition Pty Limited
  • Hi-Performance Health Pty. Ltd.
  • MusclePharm® Corporation
  • Bioflex Nutrition
  • Body Science International Pty Ltd.
  • True Protein Pty Ltd. 
  • Others

*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 market is projected to grow at a CAGR of 7.71% between 2024 and 2032.

Based on the type, the protein supplements market is bifurcated into casein, whey protein, egg protein, soy protein, and others.

Key players in the industry are Vitaco Health Australia Pty Ltd., Glanbia Performance Nutrition Pty Limited, Hi-Performance Health Pty. Ltd., MusclePharm® Corporation, Bioflex Nutrition, Body Science International Pty Ltd., and True Protein Pty Ltd. among others.

Based on application, the protein supplements market is divided into sports nutrition and functional food.

The different distribution channels in the protein supplements market include supermarkets and hypermarkets, convenience stores, speciality stores, online, and others.

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
  • Form
  • Source
  • Application
  • Distribution Channel
  • Region
Breakup by Type
Breakup by Form
  • Protein Powder
  • Protein Bars
  • Ready to Drink
Breakup by Source
  • Animal-Based
  • Plant-Based
Breakup by Application
  • Sports Nutrition
  • Functional Food
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • 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
  • Vitaco Health Australia Pty Ltd.
  • Glanbia Performance Nutrition Pty Limited
  • Hi-Performance Health Pty. Ltd.
  • MusclePharm® Corporation
  • Bioflex Nutrition
  • Body Science International Pty Ltd.
  • True Protein Pty Ltd.
  • Others

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