Rising consumer inclination toward products containing casein as an ingredient in their daily diet to ensure the supply of protein is expected to have a positive impact on the market growth. The Global Casein & Derivatives Market is expected to reach USD 6.95 billion by 2025, at a predicted CAGR of 7.1%, according to a report by Grand View Research, Inc.
Casein, a by-product of milk, is used in the formulation of numerous products including nutritional supplements, food additives, confectionaries, dairy milk products, and infant formulas. In addition, the product finds application in adhesives, ink, leather finishing, and paints due to superior water solubility and fast drying properties.
Edible casein was the dominant product segment and valued at USD 1.46 billion in 2016 on account of predominant consumption of the product among working professionals and sports athletes. Moreover, the product is expected to remain dominant over the forecast period on account of its penetration in different milk products.
Personal care is projected to foresee revenue growth at an estimated CAGR of 7.1% from 2017 to 2025. The growing popularity of Halal abased cosmetics in the Middle East countries including Saudi Arabia, Iran, and Jordan as a result of product innovation by personal hygiene manufacturers is expected to open new markets for casein.
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North America was the second-largest market and accounted for 25.3% of the overall volume in 2016. The region is, however, anticipated to record a decline over the next eight years. High level of substitutional threat from plant proteins including rice, soy, and pea in the U.S. and Canada owing to shifting consumption pattern toward vegan diet is expected to have a positive impact.
Top Players of Casein & Derivatives Market:
Key industry participants include Nestlé, Fonterra, Danone, Lactalis, Arla Foods, and Dairy Farmers of America.
Market Segmentation of Casein & Derivatives Market:
The Casein & Derivatives Market segmented on the basis of Product, Application, and Region.
By Product:
Edible Casein
Industrial Casein
Casein Derivatives
Sodium Caseinates
Calcium Caseinates
Potassium Caseinates
By Application:
Food & Beverages
Cosmetics
Pharmaceuticals
Paints & Coatings
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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