Market Snapshot

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Study Period: | 2016 - 2026 |
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Base Year: | 2020 |
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Largest Share by End User: | Food and Beverages |
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Fastest Growing by End User: | Personal Care and Cosmetics |
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CAGR: | 2.70 % |
Market Overview
The Australia Protein Market stood at 216.39 million usd in 2021 and is projected to register a CAGR of 2.70% to reach 247.27 million usd in 2026.
- Largest Segment by Source - Plant : Immense availability, functionality, vegan protein source, and low price of soy, wheat, and pea have contributed to the country's leading position of plant proteins.
- Largest Segment by End User - Food and Beverages : F&B is driven mainly by the meat and beverage sectors. The multifunctionalities of plant protein imparted in these products, as well as rising consumers taste for vegan meals.
- Fastest Growing Segment by Source - Plant : The surging demand for plant proteins, mainly pea and soy proteins, from dairy alternatives, condiments & sauces, and meat alternatives, aided in their fastest growth.
- Fastest Growing Segment by End User - Personal Care and Cosmetics : Protein-enriched skin, body, and hair care products are on the rise. Players offering protein ingredients with distinct concentration as per the need is boosting the segment.
Scope of the Report
By Source | ||||||||||
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By End User | |||||||||||
Animal Feed | |||||||||||
Personal Care and Cosmetics | |||||||||||
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Key Market Trends
Largest Segment By End User : Food and Beverages
- Protein ingredients are getting traction in the country with the increase in acceptance for natural, health benefitting concepts in the country. Among Allthe protein formats, proteins sourced from Plant sources highly dominated the market, as these are known to be the naturally sourced protein forms.
- By end-user segments, food and beverages highly dominate the market with the share of 46.5% on volume basis in 2020 which is followed by Animalfeed segment which owes to the share of 34.3% by volume on 2020. The major driving segment among F&b sector includes meat alternative products and dairy alternative products.
- With the rising demand for proteins in the country, food manufacturers are constantly looking for new, high-quality, cost-effective protein ingredients with friendly labels increasing scope for their incorporation in various segments. For this reason, companies are developing innovative products.

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Competitive Landscape
The Australia Protein Market is moderately consolidated, with the top five companies occupying 47.68%. The major players in this market are Archer Daniels Midland Company, DuPont de Nemours Inc, Fonterra Co-operative Group Limited, Freedom Foods Group Limited and Kerry Group plc (sorted alphabetically).
Major Players
- Archer Daniels Midland Company
- DuPont de Nemours Inc
- Fonterra Co-operative Group Limited
- Freedom Foods Group Limited
- Kerry Group plc
*Disclaimer: Major Players are sorted alphabetically
Recent Developments
- May 2021: Kerry announced plans of opening 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 Center in Brisbane would increase Kerry’s R&D capacity in the region.
- April 2021: ADM opened a new cutting-edge, plant-based innovation lab at its Biopolis research hub in Singapore. The lab develops advanced products as well as customized solutions to meet growing food and beverage demand in the Asia-Pacific region. The ADM Biopolis research hub features a wide range of capabilities, including a food and flavor analytic lab; a beverage and dairy applications lab and pilot plant; a bakery and confectionery lab; a meat and savory lab; a sweet and savory creation lab; sensory evaluation facilities; and a customer innovation center in addition to the new plant-based innovation lab.
- February 2021: NZMP, Fonterra’s dairy ingredients business, launched a new protein ingredient that delivers 10% more protein than other standard whey protein offerings.
Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 End User Market
3.2 Per Capita Animal Protein Consumption
3.3 Per Capita Plant Protein Consumption
3.4 Raw Material/Commodity Production
3.5 Regulatory Framework
3.6 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Source
4.1.1 Animal
4.1.1.1 Casein and Caseinates
4.1.1.2 Collagen
4.1.1.3 Egg Protein
4.1.1.4 Gelatin
4.1.1.5 Insect Protein
4.1.1.6 Milk Protein
4.1.1.7 Whey Protein
4.1.1.8 Other Animal Protein
4.1.2 Microbial
4.1.2.1 Algae Protein
4.1.2.2 Mycoprotein
4.1.3 Plant
4.1.3.1 Hemp Protein
4.1.3.2 Pea Protein
4.1.3.3 Potato Protein
4.1.3.4 Rice Protein
4.1.3.5 Soy Protein
4.1.3.6 Wheat Protein
4.1.3.7 Other Plant Protein
4.2 By End User
4.2.1 Animal Feed
4.2.2 Personal Care and Cosmetics
4.2.3 Food and Beverages
4.2.3.1 Bakery
4.2.3.2 Beverages
4.2.3.3 Breakfast Cereals
4.2.3.4 Condiments/Sauces
4.2.3.5 Confectionery
4.2.3.6 Dairy and Dairy Alternative Products
4.2.3.7 Meat/Poultry/Seafood and Meat Alternative Products
4.2.3.8 RTE/RTC Food Products
4.2.3.9 Snacks
4.2.4 Supplements
4.2.4.1 Baby Food and Infant Formula
4.2.4.2 Elderly Nutrition and Medical Nutrition
4.2.4.3 Sport/Performance Nutrition
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Archer Daniels Midland Company
5.3.2 Australian Plant Proteins PTY LTD
5.3.3 Cargill, Incorporated
5.3.4 DuPont de Nemours Inc
5.3.5 Fonterra Co-operative Group Limited
5.3.6 Freedom Foods Group Limited
5.3.7 Gelita AG
5.3.8 Kerry Group plc
5.3.9 Milligans Food Group Limited
5.3.10 Tatua Co-operative Dairy Company Ltd
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
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 ANIMAL PROTEIN PER CAPITA CONSUMPTION, IN GRAM, 2001 - 2026
Figure 16:
AUSTRALIA PLANT PROTEIN PER CAPITA CONSUMPTION, IN GRAM, 2001 - 2026
Figure 17:
AUSTRALIA ANIMAL PROTEIN RAW MATERIAL/COMMODITY PRODUCTION, VOLUME IN METRIC TONNES, 2011 - 2019
Figure 18:
AUSTRALIA PLANT PROTEIN RAW MATERIAL/COMMODITY PRODUCTION, VOLUME IN METRIC TONNES, 2011 - 2019
Figure 19:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SOURCE, 2016 - 2026
Figure 20:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY SOURCE, 2016 - 2026
Figure 21:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY SOURCE, 2020
Figure 22:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY PROTEIN TYPE, 2016 - 2026
Figure 23:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY PROTEIN TYPE, 2016 - 2026
Figure 24:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY PROTEIN TYPE, 2020
Figure 25:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, CASEIN AND CASEINATES, 2016 - 2026
Figure 26:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, CASEIN AND CASEINATES, 2016 - 2026
Figure 27:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, COLLAGEN, 2016 - 2026
Figure 28:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, COLLAGEN, 2016 - 2026
Figure 29:
AUSTRALIA PROTEIN MARKET, COLLAGEN, VALUE SHARE (%), BY FORM, 2020
Figure 30:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, EGG PROTEIN, 2016 - 2026
Figure 31:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, EGG PROTEIN, 2016 - 2026
Figure 32:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, GELATIN, 2016 - 2026
Figure 33:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, GELATIN, 2016 - 2026
Figure 34:
AUSTRALIA PROTEIN MARKET, GELATIN, VALUE SHARE (%), BY FORM, 2020
Figure 35:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, INSECT PROTEIN, 2016 - 2026
Figure 36:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, INSECT PROTEIN, 2016 - 2026
Figure 37:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, MILK PROTEIN, 2016 - 2026
Figure 38:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, MILK PROTEIN, 2016 - 2026
Figure 39:
AUSTRALIA PROTEIN MARKET, MILK PROTEIN, VALUE SHARE (%), BY FORM, 2020
Figure 40:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, WHEY PROTEIN, 2016 - 2026
Figure 41:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, WHEY PROTEIN, 2016 - 2026
Figure 42:
AUSTRALIA PROTEIN MARKET, WHEY PROTEIN, VALUE SHARE (%), BY FORM, 2020
Figure 43:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, OTHER ANIMAL PROTEIN, 2016 - 2026
Figure 44:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, OTHER ANIMAL PROTEIN, 2016 - 2026
Figure 45:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY PROTEIN TYPE, 2016 - 2026
Figure 46:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY PROTEIN TYPE, 2016 - 2026
Figure 47:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY PROTEIN TYPE, 2020
Figure 48:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, ALGAE PROTEIN, 2016 - 2026
Figure 49:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, ALGAE PROTEIN, 2016 - 2026
Figure 50:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, MYCOPROTEIN, 2016 - 2026
Figure 51:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, MYCOPROTEIN, 2016 - 2026
Figure 52:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY PROTEIN TYPE, 2016 - 2026
Figure 53:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY PROTEIN TYPE, 2016 - 2026
Figure 54:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY PROTEIN TYPE, 2020
Figure 55:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, HEMP PROTEIN, 2016 - 2026
Figure 56:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, HEMP PROTEIN, 2016 - 2026
Figure 57:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, PEA PROTEIN, 2016 - 2026
Figure 58:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, PEA PROTEIN, 2016 - 2026
Figure 59:
AUSTRALIA PROTEIN MARKET, PEA PROTEIN, VALUE SHARE (%), BY FORM, 2020
Figure 60:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, POTATO PROTEIN, 2016 - 2026
Figure 61:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, POTATO PROTEIN, 2016 - 2026
Figure 62:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, RICE PROTEIN, 2016 - 2026
Figure 63:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, RICE PROTEIN, 2016 - 2026
Figure 64:
AUSTRALIA PROTEIN MARKET, RICE PROTEIN, VALUE SHARE (%), BY FORM, 2020
Figure 65:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, SOY PROTEIN, 2016 - 2026
Figure 66:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, SOY PROTEIN, 2016 - 2026
Figure 67:
AUSTRALIA PROTEIN MARKET, SOY PROTEIN, VALUE SHARE (%), BY FORM, 2020
Figure 68:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, WHEAT PROTEIN, 2016 - 2026
Figure 69:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, WHEAT PROTEIN, 2016 - 2026
Figure 70:
AUSTRALIA PROTEIN MARKET, WHEAT PROTEIN, VALUE SHARE (%), BY FORM, 2020
Figure 71:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, OTHER PLANT PROTEIN, 2016 - 2026
Figure 72:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, OTHER PLANT PROTEIN, 2016 - 2026
Figure 73:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY END USER, 2016 - 2026
Figure 74:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY END USER, 2016 - 2026
Figure 75:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY END USER, 2020
Figure 76:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, ANIMAL FEED, 2016 - 2026
Figure 77:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, ANIMAL FEED, 2016 - 2026
Figure 78:
AUSTRALIA PROTEIN MARKET, ANIMAL FEED, VALUE SHARE (%), BY SOURCE, 2020
Figure 79:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, PERSONAL CARE AND COSMETICS, 2016 - 2026
Figure 80:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, PERSONAL CARE AND COSMETICS, 2016 - 2026
Figure 81:
AUSTRALIA PROTEIN MARKET, PERSONAL CARE AND COSMETICS, VALUE SHARE (%), BY SOURCE, 2020
Figure 82:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2016 - 2026
Figure 83:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2016 - 2026
Figure 84:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020
Figure 85:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BAKERY, 2016 - 2026
Figure 86:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BAKERY, 2016 - 2026
Figure 87:
AUSTRALIA PROTEIN MARKET, BAKERY, VALUE SHARE (%), BY SOURCE, 2020
Figure 88:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BEVERAGES, 2016 - 2026
Figure 89:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BEVERAGES, 2016 - 2026
Figure 90:
AUSTRALIA PROTEIN MARKET, BEVERAGES, VALUE SHARE (%), BY SOURCE, 2020
Figure 91:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BREAKFAST CEREALS, 2016 - 2026
Figure 92:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BREAKFAST CEREALS, 2016 - 2026
Figure 93:
AUSTRALIA PROTEIN MARKET, BREAKFAST CEREALS, VALUE SHARE (%), BY SOURCE, 2020
Figure 94:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, CONDIMENTS/SAUCES, 2016 - 2026
Figure 95:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, CONDIMENTS/SAUCES, 2016 - 2026
Figure 96:
AUSTRALIA PROTEIN MARKET, CONDIMENTS/SAUCES, VALUE SHARE (%), BY SOURCE, 2020
Figure 97:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, CONFECTIONERY, 2016 - 2026
Figure 98:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, CONFECTIONERY, 2016 - 2026
Figure 99:
AUSTRALIA PROTEIN MARKET, CONFECTIONERY, VALUE SHARE (%), BY SOURCE, 2020
Figure 100:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026
Figure 101:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026
Figure 102:
AUSTRALIA PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY SOURCE, 2020
Figure 103:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2016 - 2026
Figure 104:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2016 - 2026
Figure 105:
AUSTRALIA PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY SOURCE, 2020
Figure 106:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, RTE/RTC FOOD PRODUCTS, 2016 - 2026
Figure 107:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, RTE/RTC FOOD PRODUCTS, 2016 - 2026
Figure 108:
AUSTRALIA PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, VALUE SHARE (%), BY SOURCE, 2020
Figure 109:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, SNACKS, 2016 - 2026
Figure 110:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, SNACKS, 2016 - 2026
Figure 111:
AUSTRALIA PROTEIN MARKET, SNACKS, VALUE SHARE (%), BY SOURCE, 2020
Figure 112:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2016 - 2026
Figure 113:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2016 - 2026
Figure 114:
AUSTRALIA PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020
Figure 115:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, BABY FOOD AND INFANT FORMULA, 2016 - 2026
Figure 116:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, BABY FOOD AND INFANT FORMULA, 2016 - 2026
Figure 117:
AUSTRALIA PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, VALUE SHARE (%), BY SOURCE, 2020
Figure 118:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026
Figure 119:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026
Figure 120:
AUSTRALIA PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, VALUE SHARE (%), BY SOURCE, 2020
Figure 121:
AUSTRALIA PROTEIN MARKET, VOLUME IN METRIC TONNES, SPORT/PERFORMANCE NUTRITION, 2016 - 2026
Figure 122:
AUSTRALIA PROTEIN MARKET, VALUE IN USD, SPORT/PERFORMANCE NUTRITION, 2016 - 2026
Figure 123:
AUSTRALIA PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, VALUE SHARE (%), BY SOURCE, 2020
Figure 124:
MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2016-2021
Figure 125:
MOST ADOPTED STRATEGIES, 2016-2021
Figure 126:
AUSTRALIA 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.
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