Australia’s pea protein market represents around 15% of total pea protein market in Asia-Pacific region. The pea protein market in Australia is estimated at $2.4 million in 2018. Pertaining to the increasing demand of plant-based protein consumption and increasing number of Australian identifying themselves as vegan and vegetarian, the market is forecasted to grow at the healthy growth rate.
In Australia, vegan and vegetarianism has become increasingly popular in recent years. Some of the largest products with vegan labelling are biscuits, snack bars, sauces, dressings, confectionery, breakfast and spreads. The consumer appeal of green ingredients has been perceived by many food and beverage manufacturers in the country, by distancing themselves from using animal ingredients. The dietary supplement industry in Australia is growing steadily due to developing interest of young population in athletics along with increase in demand for protein supplements in infant formulas.
Food industry accounts for highest market share of 38%, while the growth rate of pea protein application across dietary supplement industry is fastest with a CAGR of around 10.0% during the forecast period. The pea protein application in dietary supplements industry is expected to cross half million dollar by 2023. Increasing food and beverage manufacturers are using pea protein as an ingredient to cater to health conscious consumers.
Key Deliverables:
In Australia, vegan and vegetarianism has become increasingly popular in recent years. Some of the largest products with vegan labelling are biscuits, snack bars, sauces, dressings, confectionery, breakfast and spreads. The consumer appeal of green ingredients has been perceived by many food and beverage manufacturers in the country, by distancing themselves from using animal ingredients. The dietary supplement industry in Australia is growing steadily due to developing interest of young population in athletics along with increase in demand for protein supplements in infant formulas.
Food industry accounts for highest market share of 38%, while the growth rate of pea protein application across dietary supplement industry is fastest with a CAGR of around 10.0% during the forecast period. The pea protein application in dietary supplements industry is expected to cross half million dollar by 2023. Increasing food and beverage manufacturers are using pea protein as an ingredient to cater to health conscious consumers.
Key Deliverables:
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Companies Mentioned
- Burcon Nutrascience Corporation
- Shandong Jianyuan Group
- The Scoular Company
- Axiom Foods
- Farbest Brands
- Fenchem Inc
- Roquette Frerers
- Sotexpro S.A.
- Yantai Oriental Protein Tech Co., Ltd
- Cosucra Groupe Warcoing S.A.
- Hill Pharma Inc
- Ingredion Inc
- Kerry Inc
- Prinova Group LLC
- Puris, LLC
