In 2023, the global casein market was worth US$ 2.7 billion. The market is predicted to increase at a CAGR of 6.3% from 2023 to 2033, reaching a value of US$ 4.9 billion by 2033.
The casein market will grow during the projection period as industrial use of casein increases. The casein market is expected to grow as protein becomes more important in the diet.
The global need for protein-rich meals is expected to expand, boosting the casein market’s growth. This is because more individuals understand the benefits of protein, such as its capacity to aid in weight loss and muscle growth.
A growing number of people are using caseins in their general diets because of their excellent ability to release amino acids gradually. The demand for cheese is predicted to rise globally, which will hasten the casein markets’ expansion.
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Price Hikes for Raw Materials May Hamper Market Growth
It is expected that consumer preferences for plant-based protein over dairy-based protein would restrain caseins’ market expansion.The product’s erratic global supply is another significant barrier to the casein industry, one that is predicted to further obstruct the product’s growth.
Throughout the projection period, rising manufacturing costs and the cost of raw materials used to produce casein are anticipated to restrict the product’s market progress.
Asia Pacific is Projected to Offer the Largest Casein Market Opportunity
Growing disposable budgets and heightened consumer health consciousness are driving the casein market. The market could gain from large companies’ expansion into significant emerging economies. For the top manufacturers in the sector, China and India provide substantial growth potential in the Asia-Pacific area.
The expanding populations of the two nations are contributing to the growth of the Asia Pacific region’s industries, especially in the food and beverage and pharmaceutical industries. The rapid expansion of the Asia Pacific region is expected to positively affect the worldwide casein market.
The sector is expected to advance due to the growing number of R&D projects undertaken by businesses and the industry’s expanding advancements.
Key Takeaways
- Through 2033, the flavouring agent market is expected to grow at a function-type CAGR of 6.2%.
- In terms of end use over the forecast period, the market segment for food processing has the highest CAGR of 6.1%.
- By 2033, the United States market for casein may have climbed by 5.2% CAGR, reaching US$ 1.5 Bn.
- The United Kingdom market may have expanded at 5.5% CAGR by 2033, reaching US$ 228.5 Mn.
- China market might have developed at a 7.3% CAGR by 2033, expected to reach US$ 421.2 billion.
- Japanese market for casein is predicted to grow at a 5.7% CAGR by 2033, reaching US$ 355.8 billion.
- South Korean market for casein is expected to expand at a 6.7% CAGR by 2033, reaching US$ 198.5 billion.
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Competitive Landscape
Acquisitions and partnerships and collaborations were among the inorganic growth tactics observed in the market. With the increasing demand for casein in global market, market players are expected to benefit from attractive growth prospects in the future.
Nestlé, Danone, Arla Foods, Groupe Lactalis, Friesland Campina, Fonterra, and Westland Milk Products are among the market’s significant participants.
Recent Developments
- Fonterra
The firm opened its new dairy ingredient plant in Heerenveen, the Netherlands, in February 2015. This new facility will manufacture whey and lactose specialty ingredients for use in paediatric, maternity, and sports nutrition products.
- Saputo
In May 2015, the company bought Lion-Dairy & Drinks Pty Ltd.’s daily cheese business in Australia. Warrnambool Cheese and Butter Factory Company Holdings Limited, the company’s Australian affiliate, made the purchase (WCB). This acquisition will assist WCB in expanding its foothold in the Australian cheese products market.
Key Segments
By Derivatives Type:
- Sodium Caseinate
- Calcium Caseinate
- Potassium Caseinate
By End-Use:
- Food
- Yogurt
- Cheese Processing
- Ready-to-eat Meals
- Dairy Products
- Coffee Whiteners
- Confectionary
- Sauce & Seasoning
- Meat Processing (Sausage)
- Meat Products
- Beverage
- Pharmaceuticals
- Infant Nutrition
- Clinical Nutrition
- Sports Nutrition
- Personal Care
- Skin Care
- Hair Care
- Cosmetics
- Agriculture/Animal Feed/Poultry
- Other Industries
By Function Types:
- Texturizing Agent
- Flavoring Agent
- Coating Agent
- Binding Agent
- Emulsifying Agent
- Heat Stabilizing Agent
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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