PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587898
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587898
The casein and caseinate market are estimated to be valued at USD 2.96 Bn in 2024 and is expected to reach USD 4.25 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2.96 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.30% | 2031 Value Projection: | US$ 4.25 Bn |
Casein and caseinate are proteins obtained from cow's milk. Casein constitutes around 80% of the proteins in cow's milk. It coagulates or curdles in the stomach of young mammals to form a clot of acids and enzymes. This property makes it suitable for the production of various dairy products. Caseinate is the salt or ester derivative of casein. Commercially, sodium caseinate and calcium caseinate are the most commonly produced caseinates. Casein and caseinates find wide applications in food products due to their functional properties like water binding, creaminess, viscosity, structure formation, and texture. They are used as protein fortifiers, binders, emulsifiers, and stabilizers in various foods and beverages.
Casein and caseinate market are driven by the rising demand for protein-rich functional foods and beverages. The availability of milk proteins as cost-effective ingredients and their versatility for manufacturing a wide range of food products is fueling their adoption among food companies. However, issues regarding casein allergy in some individuals and stringent labeling regulations pose challenges to market growth. The increasing consumption of sports nutrition products creates lucrative opportunities for casein and caseinate providers. Developing innovative application areas and clean label products can help players tap new opportunities. On the other hand, increasing vegan preferences pose a challenge for casein producers dependent on dairy sources. However, growing research on non-dairy casein alternatives like plant-based proteins can open new opportunities. Stringent labeling rules and regulations in major economies have also been restraining the unethical marketing and promotion of caseinate products. Overall, the market remains positive backed by growing demand from food applications and expanding use cases in pharmaceutical formulations.
This report provides in-depth analysis of the global casein and caseinate market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global casein and caseinate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Nestle S.A, Danone, Arla Foods, FrieslandCampina, Fonterra, Westland Milk Products, Groupe Lactalis, Saputo, Royal Fries Campina N.V., and Savencia Fromage
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global casein and caseinate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global casein and caseinate market