According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate market will increase ~5% year-over-year to reach ~270 thousand tons in 2022, up from ~258 thousand tons in 2021.
FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~4.6% through to 2029, driven by greater demand for functional or fortified foods along with the shift of high-protein trend from niche to mainstream.
The analyst finds that the sheer volume of bakery consumption in recent years has largely contributed to the increased sales of different types of protein, thereby potentially raising the demand for sodium caseinate. Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant traction as a viable emulsifier or food additive in various sectors of the F&B industry.
However, the launch of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding the impact of food production, especially for animal-based products, on the environment will represent a potential threat to the market players.
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Sales of Food Grade Sodium Caseinate to Ramp up in 2021
According to the FMI analyst, the consumption of food-grade sodium caseinate, especially for dairy, frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the market players, as the category accounted for a three-fourth share of the market in 2018.
To tap into opportunities in different end-use industries, ranging from cosmetics to chemicals, manufacturers are focused on increasing the production of industrial-grade sodium caseinate, which is likely to represent a ~5% increase in sales in 2022.
“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2021, while its application as emulsifier is likely to result in increased market share in the foreseeable future,” said the FMI analyst.
“As today’s consumers move towards highly nutrient products which support weight management and counteract the risk of obesity and other lifestyle diseases, F&B manufacturers are increasingly demanding for sodium caseinate as an ideal fat free stabilizer for wide range of products.”
Key Companies Profiled
- Israel Chemicals Ltd
- AGROCOMPLEX Sp. z o.o.
- Lactoprot Deutschland Gmbh
- Erie Foods International Inc.
- Charotar Casein Company
- AMCO Proteins
- Avani Food Products
- Fonterra Co-operative Group
- Ningxia Yimei Biotechnology Co., Ltd.
- Gansu Hua’an Biotechnology Group
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F&B Industry to Unlock New Profit Pools for Market Vendors
The global food industry no longer looks like its former self, as increased incomes, preferential shifts towards health and wellness, and structural shifts towards urban living have brought significant transformation in recent years, according to the FMI analyst.
In 2021, the consumption of sodium caseinate by the F&B industry accounted for ~70% of sales, while the application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2022 and beyond. Considering the nature and excellent properties of the product including a high degree of emulsification, viscosity-enhancing, and foaming and gas retention, manufacturers are exploring the application of sodium caseinate in chemical and other industrial products.
Sodium Caseinate Market by Category
By Product Grade:
- Food Grade
- Industrial Grade
By Application:
- Food Additives
- Emulsifiers
- Free Fat Stabilizers
- Others
By End Use:
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Chemicals
- Other Industrial
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East Asia to Take Centre Stage in Sodium Caseinate Market
The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in the sodium caseinate market. Rising consumer interest in the benefits of high-quality ingredients in various food products is likely to offer greater opportunities for market players in East Asia.
In 2021, the East Asia market for sodium caseinate market accounted for ~26% of revenue to share and is expected to record ~6% y-o-y growth in 2022. In the global scenario, the sodium caseinate market shows a high level of fragmentation, with several global players collectively accounting for a 20-25% share.
The emergence of a large number of local consumers catering to domestic end-users has resulted in the contracted profit margins of the international players. Establishing a strong relationship with distribution channel partners and strengthening manufacturing facilities continue to be key focal points for the manufacturers.
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Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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