New York, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Australia Protein Supplement Market, By Product, By Raw Material, By Distribution Channel, By Application,, By Region, Competition, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06128271/?utm_source=GNW
This increase in the number of muscle and fitness enthusiasts has contributed to a growing demand for protein sports drinks, specialty nutritious beverages, nutritious snack bars, and other items.
Moreover, growing women’s demand for healthy products which are fat-free, to maintain their weight is another major factor that drives the demand for protein supplement in Australia. Furthermore, increasing disposable income, growing focus on leading active and balanced lifestyle in Australia drives the protein Supplement market.
Various socio-economic factors, including urbanization, and the aging of the population, are expected to have a positive effect on demand for the product. In addition, increasing concerns about obesity, preference for vegan protein sources due to rising veganism, and spending on health-related goods are expected to increase demand for goods in the immediate future.
The Australia protein supplement market is segmented based on product type, raw material, distribution channel, application, and region. Based on product type, the market is further fragmented into protein powder, protein bar, ready-to-drink and others (cookies, pastry etc.). Out of which, powdered protein supplement hold a maximum market share of around 55.00% in 2020, as protein powder is very popular among people.
Based on raw material, the market is divided into whey, casein, and dairy alternative. Out of which, dairy alternative is the fastest growing segment with CAGR around 5.83% during the forecast period. The demand for dairy alternative protein supplement has increased in recent years. The increasing acceptance of veganism has contributed to a change in customer preference from animal protein to plant protein. There is a wide variety of plant proteins available to support the selling of plant protein supplement worldwide, which involves protein derived from soya, peas, and tree nuts. The high nutrient content of protein supplement from plants has contributed to an increase in demand.
Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, departmental store, online and others (departmental store, pharmacies, direct selling, etc.). Online stores are the fastest-growing segment with a CAGR of around 6.00% in the forecast period. A growing number of internet users, ease of access, availability on a 24/7 basis, and several choices to choose from are factors driving online sales. In addition, discussion platforms, promotions, and product offer, and the introduction of various promotional strategies will fuel online sales over the forecast period.
Vitaco Health Group Limited, Glanbia plc, Freedom Foods Group Trading Pty Ltd, Aminoactive Pty. Ltd, Iovate Health Sciences International Inc., MusclePharm Corporation, Genetix Nutrition, Body Science International are the companies operating in the Australia protein supplement market.
Years considered for this report:
Historical Years: 2016-2026
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
• To analyze the historical growth in the market size of Australia protein supplement market from 2016 to 2020.
• To estimate and forecast the market size of Australia protein supplement market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast Australia protein supplement market based on product type, raw material, application, distribution channel, company, and region.
• To identify drivers and challenges for Australia protein supplement market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia protein supplement market.
• To conduct pricing analysis for Australia protein supplement market.
• To identify and analyze the profile of leading players operating in Australia protein supplement market.
The analyst performed both primary as well as exhaustive secondary research for this study.the analyst conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research.
The analyst examined the manufacturers and presence of all major players across Australia.
The analyst calculated the market size of Australia protein supplement market using a top-down approach and bottom-up, wherein data for various end-user segments was recorded and forecast for the future years.TechSci Research Source these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary Raw Materials such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Australia protein supplement manufacturers and suppliers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers.
• Organizations, forums, and alliances related to Australia protein supplement.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Australia protein supplement market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Australia Protein Supplement Market, By Product Type:
o Protein Powder
o Protein Bar
o Ready to Drink.
o Others (Cereals, Pan Cake, Breads, etc.)
• Australia Protein Supplement Market, By Raw Material:
o Whey
o Casein
o Dairy Alternative
• Australia Protein Supplement Market, By Distribution Channel:
o Supermarkets/Hypermarkets
o Departmental Store
o Online
o Others (Cereals, Pan Cake, Breads, etc.)
• Australia Protein Supplement Market, By Application:
o Sports Nutrition
o Functional Foods
• Australia Protein Supplement Market, By Region:
o Australia Capital Territory & New South Wales
o Victoria & Tasmania
o Queensland
o Northern Territory & Southern Australia
o Western Australia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Australia protein supplement market.
Available Customizations:
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the reports:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06128271/?utm_source=GNW
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