Australia Animal Protein Market Outlook
According to the report by Expert Market Research (EMR), the Australia animal protein market size reached a value of USD 101.62 million in 2023. Aided by the increasing demand for protein-rich food products and the growing applications of animal proteins in various region, the market is projected to further grow at a CAGR of 3.8% between 2024 and 2032 to reach a value of USD 143.12 million by 2032.
Animal protein, derived from sources such as meat, poultry, fish, eggs, and dairy, plays a crucial role in human nutrition, offering essential amino acids necessary for muscle growth, tissue repair, and overall health. Beyond its nutritional properties, animal protein is also valued for its functional attributes, including emulsification, water-binding, and gelation, which make it a valuable ingredient in various food and industrial applications. There is an anticipated rise in the demand for animal protein due to the increasing preference of consumers for healthier and functional food and beverages, leading to Australia animal protein market development.
The increasing consumer preference for protein-rich food products is a primary driver of the animal protein market in Australia. With growing awareness of the health benefits associated with protein consumption, there has been a significant shift towards high-protein diets, leading to a surge in demand for animal-based protein products. The rising trend of health and fitness has further contributed to the popularity of animal protein, as it is a favoured ingredient in protein supplements consumed by athletes and fitness enthusiasts.
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Additionally, the expanding applications of animal protein in various sectors play a significant role in propelling Australia animal protein market growth. In the food and beverage sector, animal protein is used in the production of processed meats, dairy products, and ready-to-eat meals, enhancing texture, flavour, and nutritional content. The pharmaceutical sector utilises animal proteins for their bioactive properties, which are essential in the formulation of various medical and therapeutic products. Moreover, the cosmetic industry benefits from the moisturizing and anti-aging properties of animal proteins, making them valuable components in skincare and haircare products.
Technological advancements play a significant role in the evolution of the market. Innovations in extraction and processing technologies have led to the development of high-quality protein isolates and concentrates with enhanced functionality and nutritional profiles. For instance, advancements in enzyme technology have enabled the production of hydrolysed proteins with improved digestibility and bioavailability, catering to the needs of specific consumer segments such as infants and the elderly.
Moreover, the integration of sustainable practices in animal protein production is gaining traction. Technologies aimed at reducing environmental impact, such as precision farming and waste-to-protein conversion, are being adopted to enhance the sustainability of animal protein supply chains. These innovations not only contribute to environmental conservation but also align with the growing consumer demand for ethically produced and environmentally friendly products, leading to Australia animal protein market development.
Evolving consumer trends and preferences significantly influence the trajectory of the animal protein market. There is a growing demand for high-quality, clean-label protein products that are free from artificial additives and preservatives. Consumers are increasingly seeking transparency and traceability in their food choices, preferring products that are sustainably sourced and ethically produced.
As per the Australia animal protein market analysis, the rising popularity of functional foods and beverages fortified with animal proteins is another key trend driving market growth. These products, which include protein-enriched snacks, beverages, and meal replacements, cater to health-conscious consumers looking to meet their protein intake conveniently. Additionally, the demand for premium and specialty animal protein products, such as grass-fed beef, organic poultry, and wild-caught fish, is on the rise, reflecting consumers’ willingness to pay a premium for quality and sustainability.
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Australia Animal Protein Market Segmentation
The market can be divided based on the type, form, end use, and region
Market Breakup by Type
- Gelatin
- Egg Protein
- Fish Protein
- Dairy Protein
- Insect Protein
- Collagen
- Others
Market Breakup by Form
- Liquid
- Solid
Market Breakup by End Use
- Cosmetics and Personal Care
- Pharmaceutical and Nutraceuticals
- Animal Feed
- Food and Beverages
- Fresh Food
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Australia animal protein market. Some of the major players explored in the report by Expert Market Research are as follows:
- Noumi Limited
- Ridley Corporation Limited
- Integrity Food Co.
- Biodome Functional Foods
- Glanbia plc
- True Protein
- Hi-Performance Health Pty. Ltd.
- Others
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