Sodium caseinate has better functionality and nutritional value as compared to calcium caseinate. Owing to its superior properties, the usage of sodium caseinate is rapidly rising in meat products, ice cream, bakery, functional foods, sports supplements, supplement products, animal feed, pharmaceuticals, emulsified foods, etc. Attributing to the increased demand from end-use industries, the demand for sodium caseinate is expected to grow at a significant growth rate by the end of the forecast period i.e., 2029.
This rising demand for milk proteins from several end-use industries is anticipated to boost the global sodium caseinate market growth.
According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate will increase ~5% year-over-year to reach ~270 thousand tons in 2019, up from ~258 thousand tons in 2018.
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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 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 environment will represent a potential threat for the market players.
Sales of Food Grade Sodium Caseinate to Ramp up in 2019
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 three-fourth share of the market in 2018.
To tap into opportunities in different end-use industries, ranging from cosmetics to chemical, manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is likely to represent ~5% increase in sales in 2019.
“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2018, 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.”
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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 shift towards urban living have brought significant transformation in recent years, according to the FMI analyst.
In 2018, the consumption of sodium caseinate by F&B industry accounted for ~70% sales, while the application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2019 and beyond. Considering the nature and excellent properties of the product including 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.
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 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 2018, the East Asia market for sodium caseinate market accounted for ~26% revenue to share, and is expected to record ~6% y-o-y growth in 2019.
In the global scenario, the sodium caseinate market shows a high level of fragmentation, with a number of global players collectively accounting for 20-25% share. The emergence of large number of local consumers catering to domestic end users has resulted into contracted profit margins of the international players. Establishing strong relationship to distribution channel partners and strengthening manufacturing facilities continue to key focal points of the manufactures.
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Sodium Caseinate Market – Key Segment
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
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
For an additional insightful view of the sodium caseinate market landscape, write to the analyst at press@futuremarketinsights.com