| Product Code: ETC6191618 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Australia soy and milk protein ingredients market, the import trend showed a modest growth rate of 0.28% from 2023 to 2024, with a compound annual growth rate (CAGR) of 8.77% for the period 2020-2024. This steady import momentum may be attributed to evolving consumer preferences towards plant-based proteins, indicating a potential demand shift in the market.
The soy and milk protein ingredients market in Australia caters to food, beverage, and nutritional supplement industries. Rising health consciousness and the popularity of high-protein diets are key drivers. While milk proteins dominate traditional applications, soy proteins are increasingly favored in plant-based products and vegan alternatives.
Australias soy and milk protein ingredients market is growing due to the increased focus on sports nutrition, weight management, and plant-based diets. Demand for protein-enriched foods and beverages is rising. The market is also influenced by clean-label trends and the rising popularity of dairy alternatives.
This market is challenged by increasing competition from plant-based alternatives such as almond and oat proteins. Furthermore, allergen concerns and changing dietary trends toward non-soy-based proteins affect consumer demand, requiring diversification of ingredient portfolios.
This market in Australia is expanding due to growing demand for plant-based and dairy-alternative protein sources. With the rise in veganism, lactose intolerance awareness, and fitness-oriented consumers, soy and milk protein ingredients are becoming staples in food, beverage, and supplement formulations. Investment opportunities abound in manufacturing, product innovation, and exporting value-added protein powders and concentrates, especially targeting health-conscious and sports nutrition segments.
Policies supporting plant-based and alternative protein industries drive the growth of soy and milk protein ingredients. The Australia government funds initiatives like the Protein Roadmap and AgriFutures Australia to support R&D in sustainable and nutritious food ingredients. Food safety regulations, export certifications, and investment incentives for food innovation hubs further facilitate market expansion.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Soy and Milk Protein Ingredients Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Soy and Milk Protein Ingredients Market - Industry Life Cycle |
3.4 Australia Soy and Milk Protein Ingredients Market - Porter's Five Forces |
3.5 Australia Soy and Milk Protein Ingredients Market Revenues & Volume Share, By Protein Type, 2021 & 2031F |
3.6 Australia Soy and Milk Protein Ingredients Market Revenues & Volume Share, By Milk Protein Types, 2021 & 2031F |
3.7 Australia Soy and Milk Protein Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Soy and Milk Protein Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of soy and milk protein ingredients |
4.2.2 Growing demand for plant-based and dairy alternative products |
4.2.3 Rising prevalence of lactose intolerance and dairy allergies in the population |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like soybeans and milk |
4.3.2 Limited availability of soy and milk protein ingredients in certain regions |
4.3.3 Stringent regulations and labeling requirements for food products |
5 Australia Soy and Milk Protein Ingredients Market Trends |
6 Australia Soy and Milk Protein Ingredients Market, By Types |
6.1 Australia Soy and Milk Protein Ingredients Market, By Protein Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Protein Type, 2021- 2031F |
6.1.3 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Soy Protein Isolates, 2021- 2031F |
6.1.4 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Soy Protein Concentrates, 2021- 2031F |
6.1.5 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Soy Protein Hydrolysates, 2021- 2031F |
6.1.6 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Australia Soy and Milk Protein Ingredients Market, By Milk Protein Types |
6.2.1 Overview and Analysis |
6.2.2 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Milk Protein Concentrates & Isolates, 2021- 2031F |
6.2.3 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Casein/Caseinates, 2021- 2031F |
6.2.4 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Whey Protein Concentrates, 2021- 2031F |
6.2.5 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Whey Protein Isolates, 2021- 2031F |
6.2.6 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Whey Protein Hydrolysates, 2021- 2031F |
6.3 Australia Soy and Milk Protein Ingredients Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.3.3 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Infant formulations, 2021- 2031F |
6.3.4 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Personal care and cosmetics, 2021- 2031F |
6.3.5 Australia Soy and Milk Protein Ingredients Market Revenues & Volume, By Animal Feed, 2021- 2031F |
7 Australia Soy and Milk Protein Ingredients Market Import-Export Trade Statistics |
7.1 Australia Soy and Milk Protein Ingredients Market Export to Major Countries |
7.2 Australia Soy and Milk Protein Ingredients Market Imports from Major Countries |
8 Australia Soy and Milk Protein Ingredients Market Key Performance Indicators |
8.1 Percentage of new product launches featuring soy and milk protein ingredients |
8.2 Consumer adoption rate of plant-based and dairy alternative products |
8.3 Number of research studies highlighting the health benefits of soy and milk protein ingredients |
9 Australia Soy and Milk Protein Ingredients Market - Opportunity Assessment |
9.1 Australia Soy and Milk Protein Ingredients Market Opportunity Assessment, By Protein Type, 2021 & 2031F |
9.2 Australia Soy and Milk Protein Ingredients Market Opportunity Assessment, By Milk Protein Types, 2021 & 2031F |
9.3 Australia Soy and Milk Protein Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Soy and Milk Protein Ingredients Market - Competitive Landscape |
10.1 Australia Soy and Milk Protein Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Australia Soy and Milk Protein Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |