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Australia Whey Protein Market

  • ID: 5530281
  • Report
  • January 2022
  • Region: Australia
  • 120 Pages
  • Hypercube Insights


  • Agropur MSI, LLC
  • Carbery Group
  • Glanbia Plc
  • Lactalis Ingredients
  • Leprino Foods Co
  • Milk Specialties Global
Generating $13.7 billion across the whole supply chain, the dairy industry of Australia is one of the most important agricultural industries. The dairy industry in Australia employs approximately 38,000 people directly on farms and manufacturing milk and its derivative products. Constant investment from a range of sources right from Government to private entities, has ensured the continuous expansion of the Australian dairy industry. Australia ranked 4th in terms of total dairy trade volumes. Significant growth of the Australian dairy industry has led to an increase in the supply of whey protein-based products not only domestically but also at a global level. The Australian whey protein market accounts for a significant share, i.e. 15% of the total whey protein market in the Asia-Pacific region. Rising local and global demand will ensure the continuous growth of the whey industry and is estimated to grow at a CAGR of 8.6% during the next five years. The high growth rate of the whey protein industry is affiliated with the increasing export of whey protein and its products. Majority of whey produced (approximately 70%) in Australia is exported to markets of China, the Philippines, Indonesia, China, and Japan, while remaining is believed to be consumed by the Australian population.

Continuous growing interest among the Australian population in fitness and exercise is powering the protein supplements market. The demand for whey protein from the sports industry is also growing. In addition, the market of base protein ingredients and products with whey protein are expanding continuously, as producers are developing different whey products by mixing it with water, milk, juice, smoothies, and even to the recipe of sports foods. However, the increasing vegan population in Australia acts as a restraining factor for the whey protein market. The presence of substitutes such as plant-based proteins like rice and pea proteins is expected to resist the growth of the whey market. High production costs and a less developed supply chain are other restraining factors of the market.

The growth in the whey protein market is due to strong demand from the beverage section and is forecasted to grow at a CAGR of 9.1%. Whey is mostly used in beverages, especially ready-to-eat beverages, fruits juice, and some alcoholic beverages. The whey application market share of beverage industry accounts for 24%. Application of whey across various food industry items includes chocolate flavoring, ice-creams, biscuits, and various confectionery items. It is also used in producing soaps, detergents, and cosmetics. The Others category of whey application is estimated to capture market revenue of $32.0 million in 2020 and is expected to reach $50.8 million by 2026 growing at the CAGR of 7.7%.

Key Deliverables

  • Market trends since 2017 and five-year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects, and competition pattern
  • Insights on the growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
Note: Product cover images may vary from those shown


  • Agropur MSI, LLC
  • Carbery Group
  • Glanbia Plc
  • Lactalis Ingredients
  • Leprino Foods Co
  • Milk Specialties Global
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary by Type
2.2 Market Summary by Application

3. Industry Dynamics
3.1 Drivers
3.1.1 Increasing awareness about health benefits of diet supplements
3.1.2 Growing use of whey proteins in functional food and beverages industry
3.1.3 Increasing demand for dietary proteins
3.2 Restraints
3.2.1 High cost of ingredients and production
3.2.2 Growing vegan population & whey protein alternatives
3.2.3 Health & safety concerns and undefined regulations
3.3 Opportunities
3.3.1 Growing dietary supplement prescription
3.3.2 Surging demand for high-quality protein in food industry
3.3.3 Increasing use of protein products in the personal care industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Whey Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Whey Protein Concentrate (WPC)
4.1.2 Whey Protein Isolate (WPI)
4.1.3 Hydrolyzed Whey Protein (HWP)
4.1.4 Others
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Ion Exchange
4.2.3 Hydrolysis
4.2.4 Others
4.3 Market Share, Application
4.3.1 Food Infant Formula Confectionary Bakery Snacks Dairy Products Meat Products Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Price Trend Analysis
5.4.1 Product Classifications and Their Prices
5.4.2 Factors Influencing Prices

6. Company Profiles
6.1 Agropur MSI, LLC
6.2 Arla Foods
6.3 Carbery Group
6.4 Champignon-Hofmeister Group
6.5 DMK group
6.6 FriesiandCampina Ingredients
6.7 Glanbia Plc
6.8 Hilmar Cheese Company Inc
6.9 Lactalis Ingredients
6.10 Land O'Lakes Inc
6.11 Leprino Foods Co
6.12 Milk Specialties Global
6.13 Meggle Group
6.14 Saputo Ingredients
6.15 Fonterra Co-operative Group
6.16 Volac

  • Sources
  • Disclaimer
Note: Product cover images may vary from those shown
  • Agropur MSI, LLC
  • Arla Foods
  • Carbery Group
  • Champignon-Hofmeister Group
  • DMK group
  • FriesiandCampina Ingredients
  • Glanbia Plc
  • Hilmar Cheese Company Inc
  • Lactalis Ingredients
  • Land O'Lakes Inc
  • Leprino Foods Co
  • Milk Specialties Global
  • Meggle Group
  • Saputo Ingredients
  • Fonterra Co-operative Group
  • Volac.
Note: Product cover images may vary from those shown