Whey Finance

Australia $218 Million Protein Supplement (Protein Powder, Protein Bar, Ready to Drink) Markets, Competition, Forecast and Opportunities, 2027

DUBLIN, April 27, 2022–(BUSINESS WIRE)–The “Australian Protein Supplements Market, by Product Type (Protein Powder, Protein Bar, Ready-to-Drink and Others), by Raw Material (Whey, Casein and Dairy Alternatives), by Application, by Distribution Channel, By Region, Competition Forecast & Opportunity, 2027″ report has been added to from ResearchAndMarkets.com offer.

The value of the Australian Protein Supplements Market was USD 145.75 Million in 2021 which is expected to grow with a CAGR of 7.23% during the forecast period, 2023-2027, to reach the market value of 218 .56 million USD by 2027.

The Australian protein supplement market is expected to grow due to the growing demand for dietary supplements. Rising health concerns and growing inclination of the population towards bodybuilding and muscle building, primarily among the male population, is driving the growth of the Australian protein supplement market over the next five years.

Factors such as increasing urbanization, rising per capita income, increasing sales via e-commerce are some of the major factors supporting the growth of the Australian protein supplement market over the next five years.

Rise in health conscious population demanding fat-free and nutritious products to maintain weight is further contributing to market growth since protein, the most important nutrient, is provided by these supplements minus excessive fatty components.

Higher disposable income available to the consumer is also contributing significantly to the growth of the Australian protein supplements market over the forecast years to 2027. Through product research and advanced product development through more products nutritious and personalized, market players also justify the growth of the Australian protein supplements market over the forecast period.

The Australian Protein Supplements Market is segmented by product type, raw material, application, distribution channel, regional analysis and competitive landscape.

Based on product type, the market is further fragmented into protein powder, protein bar, ready to drink, and others like cereals, pancakes, cookies, etc. Protein powder is expected to hold the largest market revenue shares and dominate the market segment in the next five years owing to the growing consumer demand for bodybuilding and bodybuilding.

The growing number of bodybuilding events and competitions is contributing to the demand for protein powder, thereby driving the growth of the Australian protein supplement market over the next five years. Protein bars are also expected to hold significant market share owing to the growing inclination towards quick breakfast consumers.

People are very focused on controlling their fat intake and therefore opt for protein supplements with the necessary nutrients and flavored breakfast bars.

Goal of the study:

  • To analyze the market size of the Australian Protein Supplements Market from 2017 to 2020

  • Estimate and forecast the market size of Australia Protein Supplements Market from 2021 to 2022 and the growth rate to 2027

  • Classify and forecast the Australia Protein Supplements Market based on product type, raw material, application, distribution channel, regional analysis and competition landscape.

  • To identify the dominant region or segment in the Australian protein supplements market

  • Identify drivers and challenges in the Australian Protein Supplements Market

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Australia Protein Supplements Market

  • To identify and analyze the profile of key players operating in the Australia Protein Supplements Market

  • Identify the key sustainable strategies adopted by market players in the Australian Protein Supplements Market

Company Profiles:

Detailed analysis of the major companies present in the Australia Protein Supplements market.

Main market players

  • Vitaco Health Australia Pty Limited

  • Glanbia Performance Nutrition Pty Limited

  • Hi-Performance Health Pty. ltd.

  • Restricted freedom food group

  • Lovat Health Sciences Australia Pty Limited

  • MusclePharm Australia Pty Limited

  • Bioflex Nutrition Pty Ltd

  • Body Science International Pty Ltd

  • Genetix Nutrition

  • True Protein Pty. ltd.

Report Scope:

Years considered for this report:

Australia Protein Supplements Market, By Product Type:

  • protein powder

  • Protein Bar

  • ready to drink

  • Others

Australia Protein Supplements Market, By Raw Material:

  • Whey

  • Casein

  • Dairy alternatives

Australia Protein Supplements Market, By Application:

  • sports nutrition

  • Functional food

Australia Protein Supplements Market, By Distribution Channel:

Australia Protein Supplements Market, By Region:

For more information about this report visit https://www.researchandmarkets.com/r/7x8dtc

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220427005581/en/

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