A study by FMI found that an 8.4% CAGR was experienced between 2018 and 2022 in the sodium caseinate market. Global demand for sodium caseinate is predicted to increase at a CAGR of 4.6% from 2023 to 2033.
The global Sodium Caseinate Market is estimated to be worth around US$ 5.1 billion in 2023. With surging demand for sodium caseinate across various industries such as food & beverages, cosmetics and pharmaceuticals, the overall demand is anticipated to rise at a moderate CAGR of 4.6% between 2023 and 2033, totalling a valuation of US$ 8.0 billion by 2033.
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 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 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.
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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 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 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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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 2021, 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 2022.
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.
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
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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