Australia Animal Protein Market Size (2024 - 2029)

The Australia animal protein market is experiencing growth driven by rising consumer demand for convenience and processed food products, which increasingly incorporate animal proteins for enhanced functionality and nutritional value. These proteins are utilized in various applications, including food products, animal feed, and personal care items, due to their beneficial properties. The market is responding to this demand with innovative product launches. However, the expansion of the market is somewhat constrained by the growing preference for plant-based proteins, influenced by ethical and environmental considerations.

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Market Size of Australia Animal Protein Industry

Australia Animal Protein Market Summary
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

Australia Animal Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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Australia Animal Protein Market Size Summary

The Australia animal protein market is experiencing a notable expansion, driven by the increasing consumption of animal-based products such as burgers, hotdogs, and minced meat, which are gaining popularity due to the rising demand for convenience and processed foods. Animal proteins, including casein, collagen, and egg protein, are integral to enhancing the functionality and nutritional value of these products. These proteins serve various roles, such as stabilizers, thickeners, and emulsifiers, in a wide range of food items like salad dressings and soups. The market is also witnessing innovation, with companies launching new products to meet the growing demand. Additionally, animal proteins are finding applications in animal feed and personal care products, contributing to overall health and nutrition. However, the increasing preference for plant-based proteins due to ethical and environmental concerns presents a challenge to market growth.

The demand for animal protein is further bolstered by the health-conscious Australian population, who are increasingly engaging in fitness activities and seeking protein-rich energy drinks and supplements to support muscle strength and overall health. The production of meat and livestock is on the rise, supporting the supply of animal protein. The aging population and the prevalence of lifestyle diseases are driving the demand for protein-rich supplements, particularly those containing collagen, which are popular for their anti-aging benefits. The market is characterized by fragmentation, with both regional and global players like Fonterra Co-operative Group Limited and GELITA AG leading the charge. These companies are actively innovating and expanding their product offerings through strategic partnerships and acquisitions to cater to the growing demand for animal protein in Australia.

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Australia Animal Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Demand for Protein Rich Food and Supplements

      2. 1.1.2 Increasing Application of Collagen in Personal Care Products

    2. 1.2 Market Restraints

      1. 1.2.1 Increasing Demand for Plant-Based Protein

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Protein Type

      1. 2.1.1 Casein and Caseinates

      2. 2.1.2 Collagen

      3. 2.1.3 Egg Protein

      4. 2.1.4 Gelatin

      5. 2.1.5 Insect Protein

      6. 2.1.6 Milk Protein

      7. 2.1.7 Whey Protein

      8. 2.1.8 Other Animal Protein

    2. 2.2 Application

      1. 2.2.1 Animal Feed

      2. 2.2.2 Personal Care and Cosmetics

      3. 2.2.3 Food and Beverages

        1. 2.2.3.1 Bakery

        2. 2.2.3.2 Beverages

        3. 2.2.3.3 Breakfast Cereals

        4. 2.2.3.4 Condiments/Sauces

        5. 2.2.3.5 Confectionery

        6. 2.2.3.6 Dairy and Dairy Alternative Products

        7. 2.2.3.7 RTE/RTC Food Products

        8. 2.2.3.8 Snacks

      4. 2.2.4 Supplements

        1. 2.2.4.1 Baby Food and Infant Formula

        2. 2.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 2.2.4.3 Sport/Performance Nutrition

Australia Animal Protein Market Size FAQs

The Australia Animal Protein Market is projected to register a CAGR of 4.01% during the forecast period (2024-2029)

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.

Australia Animal Protein Market Report Snapshots

Australia Animal Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)