Market Definition
Casein is a protein found in milk & is responsible for its white color. It gets absorbed by the human body in a way different than that of whey protein. With a wide array of amino acids, casein helps prevent protein breakdown. On the other hand, caseinates are soluble salts of acid casein. These highly functional & versatile proteins have multiple applications in functional foods & drinks, food bars, bakery items, cheese, and sauces, among others.
Market Insights
The Global Casein and Caseinates Market is expected to grow at around 4.6% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven primarily by the booming food & beverage sector and increasing consumer awareness of dietary supplements with casein as an ingredient. Besides, the growing popularity of on-the-go food & beverages, especially among the increasing working population, due to changing consumer lifestyles & rapid urbanization worldwide, is another prominent aspect expected to boost the market through 2028.
Due to the hectic work schedule of people, the world has witnessed a notable rise in different types of health disorders in recent years. As a result, protein & vitality bars, caffeinated drinks, dietary supplements, & multivitamins with casein & caseinates as ingredients have become increasingly popular, toward which consumers are showing greater interest in order to fulfill their nutritional requirements. Moreover,
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 4.6% |
| Regions Covered | North America: USA, Canada, Mexico |
| South America: Brazil, Argentina, Rest of South America | |
| Europe: The UK, Germany, France, Italy, Spain, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa | |
| Key Companies Profiled | AMCO Proteins, Arla Foods, Burt Lewis Ingredients, LLC, Charotar Casein Company, Danone, Fonterra, Groupe Lactalis, Hoogwegt Groep B.V., Nestlé S.A., Royal FrieslandCampina N.V., Saputo, Westland Milk Products, Others |
| Unit Denominations | USD Million/Billion |
Moreover, these additives are also witnessing increasing application in bakeries & confectionaries, which owes to their incredible functional benefits. Cheesecakes, puddings, frostings, & whipped toppings are some of the most preferred baked products with casein & caseinates as ingredients.
On the other hand, textiles, plastic & fiber, paper, glue, & paint are other prominent applications of casein & caseinates. In addition, their growing demand in the cosmetics & personal care industry, particularly as hair & skin conditioning and emulsifying agents, further projects remunerative opportunities for the Global Casein and Caseinates Market through 2028.
Market Segmentation
Based on Product Type:
Of them all, sodium caseinate holds a sizeable share of the Global Casein and Caseinate Market. It owes to its ever-increasing adoption as an emulsifier, stabilizer, & food additive in different end-user industries. In the past few years, sodium caseinate has gained immense popularity across various end-user verticals. This multifunctional food additive is increasingly being used as an emulsifier, thickener, & fat stabilizer. It owes to its properties like high nutritional value, superior water holding capacity, incredible emulsification & stabilizing nature, etc. Moreover, with a high amino acid content, it can also be used as a protein supplement.
The burgeoning consumption of food & beverages, cosmetics, & pharmaceuticals and the growing penetration of ready-to-eat food products are infusing the demand for sodium caseinate that can extend the products' shelf lives and improve their nutritional value. Moreover, the rising consumer interest in protein-rich food and the growing availability of casein protein due to the increasing number of fitness centers and rising health consciousness among consumers is also accelerating the demand for sodium caseinate for functional benefits like muscle repair, energy boost, & weight loss.
Additionally, the surging consumer inclination toward protein-based meal replacements and ever-growing requirements for greater ingredient traceability & authenticity further project an upward demand trend in the Global Casein and Caseinates Market over the coming years.
Based on End-User:
Here, the booming food & beverage sector dominates the Global Casein and Caseinates Market with the largest share, and the same trend is likely during 2023-28. It owes to growing health concerns among the rapidly rising population and the increasing availability of food & beverages with casein & caseinates as ingredients. As more & more people are showing greater interest in packaged and ready-to-consume food, casein & caseinates have become a primary choice of additive for manufacturers owing to their incredible functionality & nutritional value.
Presently, they are primary ingredients in various functional food & beverages, dairy & confectionery items, baby food, infant formula, and sports nutrition products, among others, which owes to their high texturing capacity, melting properties, and superior emulsification & water absorption capacity. Moreover, the mounting consumption of food products fortified with these additives in order to address their protein deficiency is another prominent aspect that would continue augmenting the growth of the global casein and caseinate market in the coming years, which, in turn, would generate lucrative prospects for the leading players operating in the industry.
Regional Projection
Geographically, the Global Casein and Caseinates Market expands across:
Amongst all regions globally, the Casein and Caseinates Market is projected to witness rapid growth across Asia-Pacific during 2023-28. It owes to the rising consumer interest in convenient and healthy food & beverages, the growing popularity of processed food items, and the mounting demand for nutritional supplements. Besides, improving disposable incomes of people and the swiftly expanding food manufacturing units, especially in countries like Australia & New Zealand, are also fueling the regional market expansion.
Food & beverage manufacturers across Asia-Pacific are actively working on providing quality products to cater to the changing consumer demands and growing health consciousness. As a result, they are increasingly adopting food additives like sodium caseinate in order to improve the nutritional value and extend the shelf lives of products, thereby driving the industry.
Furthermore, the flourishing pharmaceutical sector that extensively utilizes these additives as stabilizers, emulsifiers, & therapeutic tonics, alongside soaring sales of ready-to-consume food products and the mounting penetration of online platforms, are also likely to bode well for the Asia-Pacific Casein and Caseinates Market over the coming years.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Casein and Caseinates Market is projected to register around 4.6% CAGR during 2023-28.
A. The rapidly expanding food & beverage sector, especially in Asia-Pacific, rise in the working population, coupled with shifting consumer trends toward on-the-go & ready-to-consume meals, are the prime aspects expected to drive the Casein and Caseinates Market during 2023-28.
A. AMCO Proteins, Arla Foods, Burt Lewis Ingredients, LLC, Charotar Casein Company, Danone, Fonterra, Groupe Lactalis, Hoogwegt Groep B.V., Nestlé S.A., Royal FrieslandCampina N.V., Saputo, and Westland Milk Products are the key companies participating in the Casein and Caseinates Market.
A. Sodium Caseinate is projected to emerge as an area of remunerative opportunities for the leading players in the Casein and Caseinates Market during 2023-28.
A. Globally, Asia-Pacific would generate lucrative prospects for the Casein and Caseinates Market over the coming years.
