Australia Milk Protein Market Size, Share, By Product (Concentrates, Isolates, and Hydrolyzed), By Form (Powder and Liquid), Australia Milk Protein Market Insights, Industry Trend, Forecasts to 2035.

Australia Milk Protein Market Insights Forecasts to 2035

• Australia Milk Protein Market Size 2024: USD 354.6 Mn
• Australia Milk Protein Market Size 2035:  USD 897.4 Mn
• Australia Milk Protein Market CAGR 2024: 8.81%
• Australia Milk Protein Market Segments: Product and Form

The Australian milk protein market includes all the stages of milk protein product production, processing, and marketing, comprising whey protein, milk protein concentrates, isolates, and hydrolyzed proteins. These ingredients are utilized in various applications like food and beverages, sports, and health nutrition, where the main reason is the increasing consumer preference for high-quality protein sources. Consumer health and fitness awareness, the demand for high-protein foods and drinks, functional nutrition trends, and rising infant formula and supplement applications are the factors that are driving the growth of the milk protein market in Australia.

The government of Australia makes use of strategic industry plans such as the Australian Dairy Plan to support the dairy industry and raise its value and production. Besides, Dairy Australia is involved in research and development on milk solids (including protein) innovation and sustainability, which is funded by taxes on dairy products. The support of export and provision of market access aims to facilitate world trade and increase the export of dairy products, such as milk protein ingredients, which have been enhanced in value.

Australia's milk protein market has seen recent innovations that include not only new whey protein isolates but also functional foods enriched with milk protein that have been designed specifically for sports nutrition and health-conscious consumers. Among the local companies that are involved in the production of high-purity milk protein ingredients for exports and value-added food applications are Baildon-Murray, Goulburn, and Keytone Dairy.

Market Dynamics of the Australia Milk Protein Market:

The Australia milk protein market is driven by the rising health and fitness awareness, as well as a growing demand for protein products, and an increased interest in sports nutrition/functional nutrition products. In addition, increased growth in the infant formula market, along with clinical nutrition, and the infrastructure of dairy farms in Australia, continue to support the growth of this market by creating high-quality and safe dairy ingredients. There has also been increased growth in exports to the Asia Pacific region, along with increased innovation in whey and milk protein isolates, which are all helping to drive the expansion of this market.

The Australia milk protein market is restrained by the volatile milk prices due to weather conditions, and fluctuating commodities prices, as well as increased operating costs (electricity, gas, diesel, etc.) associated with the production of milk protein ingredients and dairy products such as Muj's products.

Future prospects in the Australian milk protein sector consist of the creation of premium protein isolates and hydrolysates for sports, medical, and senior nutrition, and health-promoting bioactive peptides (e.g., gut health, immunity). On the one hand, advancements in eco-friendly manufacturing methods, clean-label products, and the development of functional dairy ingredients according to global export requirements are the main factors for market growth, while on the other hand, partnership R&D between industry and academic institutions is another factor.

Market Segmentation

The Australia Milk Protein Market share is classified into product and form.

By Product:

The Australia milk protein market is divided by product into concentrates, isolates, and hydrolyzed. Among these, the concentrates segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This is because they are inexpensive, have a high nutritional value, and are widely used in dairy products, baked goods, baby formula, and sports nutrition. MPC's leading position and growth are further supported by robust domestic dairy production and growing demand for functional foods.

By Form:

The Australia milk protein market is divided by form into powder and liquid. Among these, the powder segment accounted for the largest share in 2024 and is projected to grow at a significant CAGR during the forecast period. This is because of its extended shelf life, ease of transportation and storage, and extensive use in functional meals, infant formula, and sports nutrition. Its dominant market share and expansion are further supported by robust export demand and cost effectiveness.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the Australia milk protein market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Top Key Companies in Australia Milk Protein Market:

• Saputo Dairy Australia Pty Ltd
• Bega Cheese Limited
• Real Dairy Australia Pty Ltd
• ProviCo Group
• Norco Co-operative Limited
• ANMA Dairy
• Pyuri Australia
• Warrnambool Cheese & Butter (WCB)
• Devondale
• Lion Dairy & Drinks Pty Ltd
• Others

Recent Developments in Australia Milk Protein Market:

In July 2025, the introduction of Dairy Farmers High Protein Milk in Australia included 18 grams of top-notch dairy protein in every 300 ml, winning the title of the regular dairy milk containing the most protein.

In July 2025, Bega Group's move was to increase its protein-rich dairy products with Dairy Farmers Protein Smoothies and high-protein milk brands as a way of satisfying the increasing protein demand.

In July 2025, CSIRO handed over its cutting-edge dairy protein separation technology to Naturo, a food tech company in Australia, which then made the manufacturing of customized high-value milk protein ingredients for the market possible.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Australia, regional, and country levels from 2020 to 2035. Spherical insights has segmented the Australia milk protein market based on the below-mentioned segments:

Australia Milk Protein Market, By Product

• Concentrates
• Isolates
• Hydrolyzed

Australia Milk Protein Market, By Form

• Powder
• Liquid