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.

Australia Protein Supplement 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 460.8
Market Size 2032 AUD Million 944.4
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 8.3%
CAGR 2024-2032 - Market by Region New South Wales 9.5%
CAGR 2024-2032 - Market by Region Western Australia 7.9%
CAGR 2024-2032 - Market by Type Whey Protein 9.4%
CAGR 2024-2032 - Market by Source Animal-Based 9.1%
Market Share by Region Western Australia 10.0%

Australia Protein Supplements Market Report

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.

As per Australia protein supplements market report, 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 protein supplements encourages consumers to choose plant-based products. The increasing innovation in the food and beverage industry has led to the development of 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.

CAGR 2024-2032 - Market by Region
New South Wales 9.5%
Western Australia 7.9%
Others 6.6%
Victoria XX%
Queensland XX%
Australian Capital Territory XX%

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.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

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

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2199

USD 1999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Single User License

One User

USD 3299

USD 2999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Five User License

Five Users

USD 4399

USD 3999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation  
  • Post Sales Analysts Support 
  • 50% Discount on Next Update
Corporate License

Unlimited Users

USD 5499

USD 4999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Available
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analysts Support
  • 50% Discount on Next Update

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Why Choose Us

We ensure that you get unmatchable competitive advantage by providing detailed insights about the existing market scenario as well as the emerging and high growth markets.

Serving customers
across the world

Regions and Countries with the Highest Number of Returning Clients

85%

Projects delivered with customization

90%

Projects involving industry specific expertise

24x7

Analysts Support

500+

Corporates choose us as their preferred partner

Commitment to Excellence

Diverse Teams

Innovative Solutions

Client Centric Approach

Continuous Improvement

Back to top

We’re here to help answer any questions about our products and services.

Contact us
Get In Touch  
Locations

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-120-433-0800

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124