The global casein market stood at a value of USD 2.40 billion in 2022. The market is further expected to grow in the forecast period of 2022-2032 at a CAGR of 5.8% to reach a value of USD 6.8 billion by 2032.
Rising demand for nutrition-rich function foods underpins the growth trajectory of the casein market. As consumers become health conscious, they are drifting towards consuming naturally derived foods, prompting manufacturers to introduce novel products in the market. Additionally, rising sports activities is stimulating demand for casein rich beverages.
According to Future Market Insights analysis, Lactalis Group, Fonterra Co-operative Group, Royal Fries Campina N.V., Savencia Fromage are identified as key casein brands. In 2021, Asia Pacific Casein market grew by 12% year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across North America, total demand/sales of Casein Market reached 2.6 Mn
Click the link to get a free Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12513
- Global casein market shall expand at a CAGR of 5.8% from 2020-2030
- Europe to remain market hegemon, capturing 26.7% of the revenue share, followed by North America (20.7%)
- Sodium caseinate derivatives to tower over others, capturing over 50% of the market
- By end-use, texturizing agents to account for a substantial revenue share, particularly in cheese processing
- Presence of retroviral agents boosts adoption to treat diseases like HIV/AIDS across the pharmaceutical industry
COVID-19 Impact Analysis
In the initial months of the pandemic, logistical constraints rendered it difficult to procure raw materials for productions. This led to a cessation of production to a large extent. Fortunately, heightening demand for health-based functional foods has sustained the growth.
As consumers are now careful about following a hygienic lifestyle, investments in immunity boosting foods is providing credible traction to casein imbued foods and beverages. Realizing this surging demand, prominent manufacturers are relying on online sales platforms to enable consumer access to their products.
Vendors are ensuring that production facilities remain operational while implementing strict safeguards to prevent infections on-premises. Mandatory social distancing and wearing personal protective equipment have proven very useful in maintaining continuity of operations.
Prominent players in the global casein market are Koninklijke FrieslandCampina N.V. (DFE Pharma), Fonterra Co-operative Group, AMCO Proteins, Arla Foods Ingredients Group P/S and Groupe Lactalis, and Glanbia, Plc. These accounted for a cumulative share of approximately ~40-50%. High product quality and variety has limited the competition to these companies.
Launching innovative products at affordable prices is at the cornerstone of these and other prominent players. In February 2018, FrieslandCampina launched a new ingredient, Micelate Prestige that offers heat stability, good dispersibility, emulsification, and low viscosity.
Likewise, in August 2020, Bioergs- an Italian start-up company, introduced a next-generation dextran that is 10x as inexpensive compared to standard dextran; it also has high level of casein to enhance the moisture by binding with water and also to maintain texture.
In August 2020, Arla Foods introduced its first organic ingredient due to increasing demand for natural protein ingredients. The product, MicelPure, has 87% native protein suitable for functional ingredient-based health foods. It contains reduced fat and lactose content, and is heat-stable.
Segments Covered In Casein Market Analysis
- Sodium Caseinate
- Calcium Caseinate
- Potassium Caseinate
- Cheese Processing
- Ready-to-eat Meals
- Dairy Products
- Coffee Whiteners
- Sauce & Seasoning
- Meat Processing (Sausage)
- Meat Products
- Infant Nutrition
- Clinical Nutrition
- Sports Nutrition
- Personal Care
- Skin Care
- Hair Care
- Agriculture/Animal Feed/Poultry
- Other Industries
- Texturizing Agent
- Flavoring Agent
- Coating Agent
- Binding Agent
- Emulsifying Agent
- Heat Stabilizing Agent
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-12513
More Valuable Insights on the Casein Market
A recent market study published by Future Market Insights on the Casein market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Casein market, the growth prospects of the market are obtained with maximum precision.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers, Dubai
United Arab Emirates