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Elixinol Unveils Protein Water Range to Tap $499M Australian Market

Consumer Staples By Victor Sage 3 min read

Elixinol Wellness has launched its Healthy Chef Protein Water range, entering Australia’s rapidly expanding $499 million protein supplements market with a clean-label, functional beverage lineup.

  • Launch of Healthy Chef Protein Water with three functional blends
  • Targets $499M Australian protein supplements market forecast to double by 2034
  • Products deliver 20g protein plus targeted nutrients for fitness, gut, and skin health
  • Strategic pricing aimed at mainstream retail expansion beyond eCommerce
  • Positions Elixinol for long-term growth in functional nutrition category

Elixinol Enters High-Growth Protein Market

Elixinol Wellness Limited (ASX – EXL) has taken a decisive step into one of Australia’s fastest-growing nutrition segments with the launch of its Healthy Chef Protein Water range. This move marks the company’s strategic entry into the $499 million Australian protein supplements market, which is projected to more than double in size over the next decade.

Protein water is emerging as a lighter, more convenient alternative to traditional protein shakes, appealing to consumers seeking clean-label, functional nutrition options. Elixinol’s new range features three distinct blends, BODY FIT, PURE BIOME, and GLOW UP, each delivering 20 grams of grass-fed collagen protein alongside targeted nutrients designed to support fitness, gut health, and skin vitality respectively.

Product Innovation Meets Market Demand

The BODY FIT variant combines protein with magnesium, L-taurine, and branched-chain amino acids to support active lifestyles. PURE BIOME focuses on digestive wellness with probiotics, digestive enzymes, and L-glutamine, while GLOW UP targets skin and hair health through biotin and L-glycine. This tailored approach reflects growing consumer interest in multifunctional wellness products that go beyond basic nutrition.

Elixinol’s CEO Natalie Butler highlighted the innovation hub role of the Healthy Chef brand, emphasizing the company’s ambition to scale across both retail and eCommerce channels. By pricing the protein water range at an accessible level, Elixinol aims to broaden its consumer base and accelerate distribution in mainstream retail outlets, positioning itself as a leader in the functional beverage category.

Strategic Growth Outlook

The Australian protein supplements market’s forecast compound annual growth rate of 8.3% to reach an estimated $1.1 billion by 2034 underscores the opportunity for Elixinol. The company’s entry with a differentiated, premium formulation at mass-market pricing could enable it to capture significant market share as consumer preferences shift towards lighter, more versatile protein options.

While the announcement stops short of specific sales targets or financial guidance, the launch signals Elixinol’s intent to leverage its existing brand portfolio and distribution networks to drive long-term growth. The success of this product range will likely depend on consumer adoption, competitive responses, and the company’s ability to expand retail presence effectively.

Bottom Line?

Elixinol’s Protein Water launch sets the stage for a new growth chapter amid booming demand for clean, functional nutrition.

Questions in the middle?

  • How quickly will Healthy Chef Protein Water gain traction in mainstream retail?
  • What competitive responses will emerge from established protein supplement brands?
  • Can Elixinol sustain growth and profitability as it scales this new product range?