Australia Animal Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.01 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Animal Protein Market Analysis
The Australia animal protein market size is expected to grow from USD 96.6 million in 2023 at a CAGR of 4.01% over the next five years.
- The consumption of animal products like burgers, hotdogs, minced meat products, and many more is increasing in the country owing to increasing demand for convenience and processed food products. Animal proteins like casein, collagen, egg protein, and many more are used in processed products to increase their functionality and nutritional content. Proteins like caseins, gelatin, and casinates are used as stabilizers, thickeners, emulsifiers, and supplements in foods like salad dressings, soups, and others.
- Collagen is used as a binding agent and is used in the production of jelly and confectionery products as the application of animal protein is increasing. Owing to the increasing demand, the market players are launching new innovative animal proteins in the market to cater to growing demand. For instance, in May 2021, Darling Ingredients launched a range of purified pharmaceutical-grade gelatin X-Pure, which is used in supplements.
- Furthermore, animal proteins are used in animal feed and personal care products as well. In cosmetics and personal care products, animal proteins provide a natural glow, reduce wrinkles and premature aging, and help restore natural collagen. Animal protein-rich animal feed provides the animals with overall health and nutrition and improves their reproduction capacity. The production of animal protein is further increasing due to increasing consumer demand for protein-rich food and supplements.
- Animal protein provides the utmost nutrition and functionality, due to which the consumption of preventive health supplements is increasing. However, the demand for plant-based protein food and other products is also increasing in the country due to ethical and environmental concerns. This poses a restraint for the market.
Australia Animal Protein Market Trends
Increasing Consumption of Protein-Rich Products
- Australians are increasingly opting for a healthy lifestyle by pushing themselves toward workout regimes and participating in sports. Fitness-conscious consumers and sports enthusiasts are opting for the consumption of protein-based energy drinks and powders to keep muscle strength and have proper muscle building.
- Owing to this, the demand for protein-rich products and ingredients is increasing in the country. The production of meat like beef, veal, and others is increasing in Australia due to increasing livestock. Due to this, the production of animal protein is also increasing in the country.
- According to the Australian Bureau of Statistics data from 2022, the production of beef in Australia was 471 thousand tonnes. Over the medium term, the demand for animal protein is expected to increase, owing to the increasing demand for healthy and functional food and beverages.
Increasing Application of Animal Protein in Supplements
- Health-conscious consumers in the country are opting for preventive healthcare and are opting for the consumption of supplements. The demand for supplements like protein-rich supplements is increasing in the country owing to the increasing older population in the country.
- According to the World Bank data from 2021, 16.75% of the population in Australia is more than 65 years old. Protein-rich health supplements provide muscle building and help with bone health due to the presence of amino acids. The use of animal proteins like collagen in beauty supplements is also increasing as it reduces fine lines and wrinkles on the skin and reduces the signs of aging.
- Therefore, the application of animal protein in supplements is increasing, due to which its demand is increasing. Due to the rising prevalence of lifestyle diseases, health expenditure is increasing in the country, which is boosting the growth of animal protein.
Australia Animal Protein Industry Overview
The Australia animal protein market is fragmented, with regional and global players dominating the market. The prominent players in the market include Fonterra Co-operative Group Limited, GELITA AG, Kerry Group PLC, Collagen Australia Co, and Noumi Limited. The demand for animal protein is increasing as it provides better nutrition and high calories. The market players are innovating new animal protein products to cater to growing market demand. The prominent players are also adopting strategies like mergers, acquisitions, partnerships, and many more to expand their product reach.
Australia Animal Protein Market Leaders
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Fonterra Co-operative Group Limited
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GELITA AG
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Kerry Group PLC
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Collagen Australia Co
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Noumi Limited
*Disclaimer: Major Players sorted in no particular order
Australia Animal Protein Market News
- December 2022: Nee-V introduced their innovative Nee-V Collagen Powder. This product features an indigestible ingredient specifically designed to enhance skin elasticity as well as promote the growth of healthier hair and nails. Notably, it boasts a dairy-free and gluten-free formulation and is devoid of any added sugar, artificial colors, or flavors.
- November 2022: Circle Harvest, a cricket farming enterprise, expanded its operations within Australia to address the burgeoning demand for insect-based protein. This expansion encompasses the establishment of a new farm and food manufacturing facilities. It is a direct response to the remarkable upsurge in consumer interest in incorporating insect proteins into their diets.
- February 2021: Lactalis Ingredients unveiled its groundbreaking Pronativ Native Micellar Casein product, positioned as a pure and naturally derived protein source. Utilizing a cold filtration method, this product extracts whey directly from milk without the inclusion of additives or chemicals.
Australia Animal Protein Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increasing Demand for Protein Rich Food and Supplements
- 4.1.2 Increasing Application of Collagen in Personal Care Products
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4.2 Market Restraints
- 4.2.1 Increasing Demand for Plant-Based Protein
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Protein Type
- 5.1.1 Casein and Caseinates
- 5.1.2 Collagen
- 5.1.3 Egg Protein
- 5.1.4 Gelatin
- 5.1.5 Insect Protein
- 5.1.6 Milk Protein
- 5.1.7 Whey Protein
- 5.1.8 Other Animal Protein
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5.2 Application
- 5.2.1 Animal Feed
- 5.2.2 Personal Care and Cosmetics
- 5.2.3 Food and Beverages
- 5.2.3.1 Bakery
- 5.2.3.2 Beverages
- 5.2.3.3 Breakfast Cereals
- 5.2.3.4 Condiments/Sauces
- 5.2.3.5 Confectionery
- 5.2.3.6 Dairy and Dairy Alternative Products
- 5.2.3.7 RTE/RTC Food Products
- 5.2.3.8 Snacks
- 5.2.4 Supplements
- 5.2.4.1 Baby Food and Infant Formula
- 5.2.4.2 Elderly Nutrition and Medical Nutrition
- 5.2.4.3 Sport/Performance Nutrition
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategies Adopted
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Fonterra Co-operative Group Limited
- 6.3.2 Freedom Foods Group Limited
- 6.3.3 GELITA AG
- 6.3.4 Groupe Lactalis
- 6.3.5 Kerry Group PLC
- 6.3.6 Milligans Food Group Limited
- 6.3.7 Royal FrieslandCampina NV
- 6.3.8 Tatua Co-operative Dairy Company Ltd
- 6.3.9 Collagen Australia Co.
- 6.3.10 Noumi Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAustralia Animal Protein Industry Segmentation
Animal protein is extracted from animals or animal products like milk, eggs, and others.
The Australian animal protein market is fragmented by type into casein and caseinates, collagen, egg protein, gelatin, insect protein, milk protein, and whey protein. The market is segmented by application into animal feed, personal care and cosmetics, food and beverages, and supplements.
The market sizing has been done in value terms in USD and volume terms for all the abovementioned segments.
| Protein Type | Casein and Caseinates | |
| Collagen | ||
| Egg Protein | ||
| Gelatin | ||
| Insect Protein | ||
| Milk Protein | ||
| Whey Protein | ||
| Other Animal Protein | ||
| Application | Animal Feed | |
| Personal Care and Cosmetics | ||
| Food and Beverages | Bakery | |
| Beverages | ||
| Breakfast Cereals | ||
| Condiments/Sauces | ||
| Confectionery | ||
| Dairy and Dairy Alternative Products | ||
| RTE/RTC Food Products | ||
| Snacks | ||
| Supplements | Baby Food and Infant Formula | |
| Elderly Nutrition and Medical Nutrition | ||
| Sport/Performance Nutrition |
Australia Animal Protein Market Research FAQs
What is the current Australia Animal Protein Market size?
The Australia Animal Protein Market is projected to register a CAGR of 4.01% during the forecast period (2024-2029)
Who are the key players in Australia Animal Protein Market?
Fonterra Co-operative Group Limited, GELITA AG, Kerry Group PLC, Collagen Australia Co and Noumi Limited are the major companies operating in the Australia Animal Protein Market.
What years does this Australia Animal Protein Market cover?
The report covers the Australia Animal Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Animal Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Australia Animal Protein Industry Report
Statistics for the 2024 Australia Animal Protein market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Australia Animal Protein analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
