Australia Plant Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

The Australia Plant Protein Market is segmented by Protein Type ( Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein ) and by End User ( Animal Feed, Personal Care and Cosmetics, Food and Beverages, Supplements )

INSTANT ACCESS

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2026
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2020
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User: Food and Beverages
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User: Supplements
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 2.73 %

Key Players

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Market Overview

The Australia Plant Protein Market stood at 119.17 million usd in 2021 and is projected to register a CAGR of 2.73% to reach 136.35 million usd in 2026.

  • Largest Segment by Product Type - Soy Protein : Soy protein is preferred above all other plant protein types due to its high protein content, low viscosity, solubility, etc., which ensures its extensive use in all sectors.
  • Largest Segment by End User - Food and Beverages : The demand for plant protein is highest from the F&B sector, owing mainly to its multifunctionality and the surging number of regional consumers shifting toward vegan meals.
  • Fastest Growing Segment by Product Type - Pea Protein : Pea proteins are gaining demand from meat alternatives due to their quick rehydration, neutral flavor, and texturizing abilities, which have led to a slew of new products.
  • Fastest Growing Segment by End User - Supplements : Plant proteins such as soy, pea, and rice proteins have become more popular in the supplements industry of Australia, and these plant proteins dominate the market.

Scope of the Report

By Protein Type
Hemp Protein
Pea Protein
Potato Protein
Rice Protein
Soy Protein
Wheat Protein
Other Plant Protein
By End User
Animal Feed
Personal Care and Cosmetics
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Confectionery
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat 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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Key Market Trends

Largest Segment By End User : Food and Beverages

  • Plant proteins such as soy proteins and wheat proteins dominated the market share in 2020 in the region due to their applications and improved protein content. Soy protein has marked itself as an important plant protein among consumers, hence driving its demand in the market.
  • Soy proteins play a significant role in food systems with their functional properties, such as solubility, water absorption, viscosity, emulsification, texture, and antioxidation. The increased functionalities of these proteins, coupled with an increase in acceptance of natural and plant-based ingredients in the market, are highly driving its applications in various food segments.
  • Among all segments, the food and beverages and animal feed segments had increased market shares in 2020.

Competitive Landscape

The Australia Plant Protein Market is fragmented, with the top five companies occupying 21.19%. The major players in this market are Archer Daniels Midland Company, Axiom Foods, Inc., Bunge Limited, DuPont de Nemours Inc and Kerry Group plc (sorted alphabetically).

Major Players

*Disclaimer: Major Players are sorted alphabetically

Recent Developments

  • June 2021: Axiom Foods launched a new pea protein, made from Pisum sativum yellow peas, that is majorly used as a meat replacement and a meat extender. It reduces the cost of nuggets, patties, and meatballs while adding nutritional content, protein, and juiciness.
  • May 2021: Kerry announced a purpose-built food technology and innovation center of excellence in Queensland, Australia. The facility will act as the new headquarters for Kerry in Australia and New Zealand, while its existing facility in Sydney will retain a specialist research and development applications hub. With end-to-end capabilities, including pilot plants, laboratories, and testing facilities, the new Kerry Australia and New Zealand Development and Application Centre in Brisbane increased Kerry's R&D capacity in the region.
  • April 2021: ADM opened a new cutting-edge, plant-based innovation lab located in ADM’s Biopolis research hub in Singapore. The lab develops advanced products and customized solutions to meet the growing food and beverage demand in the Asia-Pacific region. The ADM Biopolis research hub in Singapore features a wide range of capabilities, including a food and flavor analytic lab, beverage and dairy applications lab and pilot plant, bakery and confectionery lab, meat and savory lab, sweet and savory creation lab, sensory evaluation facilities, customer innovation center, and a new plant-based innovation lab.

Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 End User Market

    2. 3.2 Per Capita Plant Protein Consumption

    3. 3.3 Raw Material/Commodity Production

    4. 3.4 Regulatory Framework

    5. 3.5 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Protein Type

      1. 4.1.1 Hemp Protein

      2. 4.1.2 Pea Protein

      3. 4.1.3 Potato Protein

      4. 4.1.4 Rice Protein

      5. 4.1.5 Soy Protein

      6. 4.1.6 Wheat Protein

      7. 4.1.7 Other Plant Protein

    2. 4.2 By End User

      1. 4.2.1 Animal Feed

      2. 4.2.2 Personal Care and Cosmetics

      3. 4.2.3 Food and Beverages

        1. 4.2.3.1 Bakery

        2. 4.2.3.2 Beverages

        3. 4.2.3.3 Breakfast Cereals

        4. 4.2.3.4 Condiments/Sauces

        5. 4.2.3.5 Confectionery

        6. 4.2.3.6 Dairy and Dairy Alternative Products

        7. 4.2.3.7 Meat/Poultry/Seafood and Meat Alternative Products

        8. 4.2.3.8 RTE/RTC Food Products

        9. 4.2.3.9 Snacks

      4. 4.2.4 Supplements

        1. 4.2.4.1 Baby Food and Infant Formula

        2. 4.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 4.2.4.3 Sport/Performance Nutrition

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 Archer Daniels Midland Company

      2. 5.3.2 Australian Plant Proteins Pty Ltd

      3. 5.3.3 Axiom Foods, Inc.

      4. 5.3.4 Bunge Limited

      5. 5.3.5 Cargill, Incorporated

      6. 5.3.6 DuPont de Nemours Inc

      7. 5.3.7 Kerry Group plc

      8. 5.3.8 Manildra Flour Mills Pty Ltd

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Proteins CEOs

List of Tables & Figures

    Figure 1:  

    ANIMAL FEED MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 2:  

    BABY FOOD AND INFANT FORMULA MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 3:  

    BAKERY MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 4:  

    BEVERAGES MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 5:  

    BREAKFAST CEREALS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 6:  

    CONDIMENTS/SAUCES MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 7:  

    CONFECTIONERY MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 8:  

    DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 9:  

    ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 10:  

    MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 11:  

    PERSONAL CARE AND COSMETICS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 12:  

    RTE/RTC FOOD PRODUCTS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 13:  

    SNACKS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 14:  

    SPORT/PERFORMANCE NUTRITION MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 15:  

    AUSTRALIA PLANT PROTEIN PER CAPITA CONSUMPTION, IN GRAM, 2001 - 2026

    Figure 16:  

    AUSTRALIA PLANT PROTEIN RAW MATERIAL/COMMODITY PRODUCTION, VOLUME IN METRIC TONNES, 2011 - 2019

    Figure 17:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BY PROTEIN TYPE, 2016 - 2026

    Figure 18:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BY PROTEIN TYPE, 2016 - 2026

    Figure 19:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 20:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, HEMP PROTEIN, 2016 - 2026

    Figure 21:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, HEMP PROTEIN, 2016 - 2026

    Figure 22:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, PEA PROTEIN, 2016 - 2026

    Figure 23:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, PEA PROTEIN, 2016 - 2026

    Figure 24:  

    AUSTRALIA PLANT PROTEIN MARKET, PEA PROTEIN, VALUE SHARE (%), BY FORM, 2020

    Figure 25:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, POTATO PROTEIN, 2016 - 2026

    Figure 26:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, POTATO PROTEIN, 2016 - 2026

    Figure 27:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, RICE PROTEIN, 2016 - 2026

    Figure 28:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, RICE PROTEIN, 2016 - 2026

    Figure 29:  

    AUSTRALIA PLANT PROTEIN MARKET, RICE PROTEIN, VALUE SHARE (%), BY FORM, 2020

    Figure 30:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, SOY PROTEIN, 2016 - 2026

    Figure 31:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, SOY PROTEIN, 2016 - 2026

    Figure 32:  

    AUSTRALIA PLANT PROTEIN MARKET, SOY PROTEIN, VALUE SHARE (%), BY FORM, 2020

    Figure 33:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, WHEAT PROTEIN, 2016 - 2026

    Figure 34:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, WHEAT PROTEIN, 2016 - 2026

    Figure 35:  

    AUSTRALIA PLANT PROTEIN MARKET, WHEAT PROTEIN, VALUE SHARE (%), BY FORM, 2020

    Figure 36:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, OTHER PLANT PROTEIN, 2016 - 2026

    Figure 37:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, OTHER PLANT PROTEIN, 2016 - 2026

    Figure 38:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BY END USER, 2016 - 2026

    Figure 39:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BY END USER, 2016 - 2026

    Figure 40:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE SHARE (%), BY END USER, 2020

    Figure 41:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, ANIMAL FEED, 2016 - 2026

    Figure 42:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, ANIMAL FEED, 2016 - 2026

    Figure 43:  

    AUSTRALIA PLANT PROTEIN MARKET, ANIMAL FEED, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 44:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, PERSONAL CARE AND COSMETICS, 2016 - 2026

    Figure 45:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, PERSONAL CARE AND COSMETICS, 2016 - 2026

    Figure 46:  

    AUSTRALIA PLANT PROTEIN MARKET, PERSONAL CARE AND COSMETICS, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 47:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2016 - 2026

    Figure 48:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2016 - 2026

    Figure 49:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020

    Figure 50:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BAKERY, 2016 - 2026

    Figure 51:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BAKERY, 2016 - 2026

    Figure 52:  

    AUSTRALIA PLANT PROTEIN MARKET, BAKERY, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 53:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BEVERAGES, 2016 - 2026

    Figure 54:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BEVERAGES, 2016 - 2026

    Figure 55:  

    AUSTRALIA PLANT PROTEIN MARKET, BEVERAGES, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 56:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BREAKFAST CEREALS, 2016 - 2026

    Figure 57:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BREAKFAST CEREALS, 2016 - 2026

    Figure 58:  

    AUSTRALIA PLANT PROTEIN MARKET, BREAKFAST CEREALS, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 59:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, CONDIMENTS/SAUCES, 2016 - 2026

    Figure 60:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, CONDIMENTS/SAUCES, 2016 - 2026

    Figure 61:  

    AUSTRALIA PLANT PROTEIN MARKET, CONDIMENTS/SAUCES, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 62:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, CONFECTIONERY, 2016 - 2026

    Figure 63:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, CONFECTIONERY, 2016 - 2026

    Figure 64:  

    AUSTRALIA PLANT PROTEIN MARKET, CONFECTIONERY, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 65:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 66:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 67:  

    AUSTRALIA PLANT PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 68:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 69:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 70:  

    AUSTRALIA PLANT PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 71:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, RTE/RTC FOOD PRODUCTS, 2016 - 2026

    Figure 72:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, RTE/RTC FOOD PRODUCTS, 2016 - 2026

    Figure 73:  

    AUSTRALIA PLANT PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 74:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, SNACKS, 2016 - 2026

    Figure 75:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, SNACKS, 2016 - 2026

    Figure 76:  

    AUSTRALIA PLANT PROTEIN MARKET, SNACKS, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 77:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2016 - 2026

    Figure 78:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2016 - 2026

    Figure 79:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020

    Figure 80:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, BABY FOOD AND INFANT FORMULA, 2016 - 2026

    Figure 81:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, BABY FOOD AND INFANT FORMULA, 2016 - 2026

    Figure 82:  

    AUSTRALIA PLANT PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 83:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026

    Figure 84:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026

    Figure 85:  

    AUSTRALIA PLANT PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 86:  

    AUSTRALIA PLANT PROTEIN MARKET, VOLUME IN METRIC TONNES, SPORT/PERFORMANCE NUTRITION, 2016 - 2026

    Figure 87:  

    AUSTRALIA PLANT PROTEIN MARKET, VALUE IN USD, SPORT/PERFORMANCE NUTRITION, 2016 - 2026

    Figure 88:  

    AUSTRALIA PLANT PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, VALUE SHARE (%), BY PROTEIN TYPE, 2020

    Figure 89:  

    MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2016-2021

    Figure 90:  

    MOST ADOPTED STRATEGIES, 2016-2021

    Figure 91:  

    AUSTRALIA PLANT PROTEIN MARKET, MARKET SHARE, 2020

Market Definition

  • End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
  • Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
  • Average Protein Content - It is the average protein content present in per 100 g of product manufactured by all end-user companies considered under the scope of this report.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Australia Plant Protein Market market is studied from 2016 - 2026.

The Australia Plant Protein Market stood at 119.17 million usd in 2021 and is projected to register a CAGR of 2.73% to reach 136.35 million usd in 2026.

Soy protein is preferred above all other plant protein types due to its high protein content, low viscosity, solubility, etc., which ensures its extensive use in all sectors.

The demand for plant protein is highest from the F&B sector, owing mainly to its multifunctionality and the surging number of regional consumers shifting toward vegan meals.

Pea proteins are gaining demand from meat alternatives due to their quick rehydration, neutral flavor, and texturizing abilities, which have led to a slew of new products.

Plant proteins such as soy, pea, and rice proteins have become more popular in the supplements industry of Australia, and these plant proteins dominate the market.

Archer Daniels Midland Company,Axiom Foods, Inc.,Bunge Limited,DuPont de Nemours Inc and Kerry Group plc. are the major companies operating in Australia Plant Protein Market.