Australia Plant Protein Market Recorded Double Digit Growth | Market Trends | Ingredient Analysis |Market Size 2021-2027 | Investment Opportunities

The protein demand in Australia has witnessed strong growth in the last decade. Currently, the Australian men consume about 80-110 gram of protein on daily basis, while Australian women consume 70-80 gm of protein per day. According to ConsumerIntel360’s Q4 2020 Global Plant Protein Survey, plant-based protein is expected to account for about 12-15% of the total protein consumption by 2027.

Plant-based products market in Australia has recorded significant growth in the last few years because of the changing diet preferences among consumers, the increasing vegan lifestyle, and the search for an alternative to meat products. In the last couple of years, the number of Australians consuming plant-based foods and proteins has increased significantly, along with the consumption per capita.
This Australia Plant Protein Market research report revolves around six essential headers-market analysis, market definition, Australia Plant Protein Market segmentation, key developments in the market, competitive analysis, and research methodology.

The report allows the client to identify and analyse the upcoming trends in the market and major drivers, challenges, and opportunities in the market. This Australia Plant Protein Market report helps to discover the general market conditions and tendencies. Clients achieve sophisticated market insights and get associated with the best market opportunities into their respective markets from this market report.

The Australia Plant Protein Market research report gives the business intelligent decision-making ideas and better management of marketing of goods, leading the business to achieve growth..

The COVID-19 pandemic is challenging the food supply chain globally. Though the number of cases is not as high as in other countries, COVID-19 is going to impact Australian food industry in long term. Like many countries hit by the pandemic, Australia also has seen long term lockdowns and had restrictions in place for people and their movement. This has impacted the supply chain for many industries, including the food industry. The availability of meat and meat products is also impacted due to this unprecedented situation.

Fundamentally speaking, one of the key factors driving the plant protein market is the changing consumer preference. The growing middle class and the increasing disposable income levels are resulting in changes in consumer preferences. More Australians are keen on selecting better, healthy, and sustainable food products. According to a ConsumerIntel360’s Plant Protein Intelligence, the number of Australians selecting vegetarian food choices increased to nearly 18% in 2020. This is continuously improving and is expected to gain further due to the impact of COVID-19 pandemic.

The plant protein market in Australia has recorded a strong growth with a CAGR of 20.8% during 2018-2020. According to ConsumerIntel360’s Q4 2020 Global Plant Protein Survey, plant protein in Australia has gained traction among health-conscious consumers in recent years.

Plant protein industry is expected to continue to grow in Australia over the forecast period. It is expected to record a CAGR of 11.8% during 2021-2027. The plant protein consumption in the country will increase from US$ 319.4 million in 2020 to reach US$ 731.7 million by 2027.

Key Plant Protein Brands in Australia (based on consumer popularity)
• Alpro
• Amazonia
• Arbonne
• Australia's Own
• Body Science Bsc
• Bulk Nutrients
• Chris Foods
• Coco & Lucas
• Coles Nature's Kitchen
• Designer Physique
• Fable Foods
• Fry's
• Gardein
• Go Macro
• Happy Way
• Health Lab
• Heinz- Plant Proteinz
And other…

This business intelligence report from ConsumerIntel360 aims to analyze market opportunities and risks in plant protein industry in Australia. This report offers a detailed view of market opportunity by end user segments, product categories, ingredients, applications, key cities, competing protein segments, price point, and shift in consumption by consumer demographics. In addition, for each product category, this report details demand gap / white space analysis, competitive landscape, brand share, claims analysis, and ingredient analysis.

Scope
This research report provides in-depth analysis of plant protein industry in Australia, providing white space / gap analysis, product innovation, product claims analysis, and brand share analysis, competitive landscape, market size across 50+ segments. Below is the taxonomy, providing detailed scope of coverage.

Australia Plant Protein Market Dynamics – Strategy & Innovation
• Competitive Landscape Snapshot
• White Space / Demand Gap Analysis by Product Category
• Brand Share by Product Category
• Key Innovative Launches
• Insights on Market Dynamics

Australia Plant Protein Market Size by Ingredients
• Soy
• Pea
• Beans & Lentils
• Hemp
• Flaxseed, Pumpkin & Other
• Brown Rice
• Quinoa
• Spirulina & Seaweed
• Nuts
• Other

Australia Plant Protein Market Size by Product Categories
• Nutrition Supplements
• Protein Bars
• Sports Nutrition
• Meal Alternative
• Dairy Alternatives
• Meat Alternatives
• Bakery Products
• Infant Formulas
• Other

Australia Plant Protein Market Size by Functional Segments
• Ready to Mix
• Ready to Eat
• Ready to Drink
• Ready to Cook

Australia Plant Protein Market Share Analysis by Sales Channels
• Online
• In-Store

Australia Plant Protein Market Share Analysis by Type of Retail Outlet
• Pharmaceutical & Medical Store
• Grocery Retailers
• Health and Wellness Stores
• Specialist Sports Store

Australia Plant Protein Market Size by Retail Sales Pricing
• Premium
• Mid-Tier
• Low End

Australia Plant Protein Market Size by Cities
• Tier 1 Cities
• Tier 2 Cities
• Tier 3 Cities

Australia Plant Protein Consumption by Demographics
• Age
• Gender
• Income

To get detailed insights and FREE sample Report please click here @ https://www.consumerintel360.com/reportstore/view/Australia-Plant-Protein-Business-and-45

Reasons to Purchase
• Market Opportunity: Get detailed understanding of plant protein market opportunity in Australia across 50+ segments.

• White Space Analysis: Understand gap in demand / supply across product categories and identify unique opportunities.

• Competitive Landscape & Brand Share: Get a detailed view on competitive landscape along with key brands across plant protein product categories.

• Strategy & Innovation: In-depth understanding of strategies adopted to gain market share along with a snapshot of key innovative plant protein product launches.

• Consumer Preference & Buying Behaviour: Gain insights into changing consumer consumption & buying preferences across plant protein product categories.

• Distribution Channel: Fine tune sales and distribution strategy by focusing on right channels to maximize ROI

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This release was published on openPR.