Casein Protein Market Overview
The casein protein market is estimated to surpass $5.39 billion by 2023, growing at a CAGR of 1.7% during the forecast period 2018–2023. The casein protein market is poised to witness significant growth owing to the wide range of applications of casein protein in industries such as food and beverages, and pharmaceutical. With the increasing demand for food and beverages, the demand for casein is increasing as it provides a concentrated source of protein with enriched nutritional, sensory, and functional properties. The Americas region is the largest market for casein protein. The U.S. is the dominating country amongst all other countries and exports casein and related products to Mexico, Canada, China, and Germany.
Casein Protein Market Outlook
Casein is a major constituent of cheese and is a rich source of amino acids and phosphorus. It is the primary protein of mammalian milk. Among the various types of caseinates, sodium and calcium caseinates are widely used. The increase in industrial activities in the APAC region reflects positive on the casein protein market. Lack of awareness about casein protein alternatives and increased awareness about the positive protein balance of casein are driving the global casein protein market. The growing demand for casein from the sports nutrition market and increasing usage of casein protein in dietary supplements are also impacting the growth of the casein protein market
This report provides an in-depth analysis of the casein protein market by type, application, function, and geography. By type, the market is segmented into caseins, casein hydrolysates, caseinates, and others. Based on application, the market is segmented into food and beverages, industrial applications, and others. The market is also segmented into emulsification, stabilizing, foaming, and others based on function.
The report also gives an analysis of the market by geography, taking into consideration the Americas, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The prominent countries for this market across these regions are also analyzed. The casein protein market in Americas was valued at $2.19 billion in 2017 and is estimated to reach $2.29 billion by 2023, growing at a CAGR of 1.5% during the forecast period.
Casein Protein Market Growth Drivers
Low awareness regarding casein protein alternatives and growing awareness regarding protein balance of casein is driving the growth of casein protein market. Growing demand from sports nutrition market and booming market for dietary supplements is up surging the growth of casein protein market. Rising demand for bakery and confectionery products and innovation in casein production such as milk fractation techniques set to propel growth of casein protein market.
Casein Protein Market Challenges
Growing demand for soy, rice and almond protein markets, and low cost of plant based diary proteins hinders usage of casein protein market. Slow digestion problems related with casein hampers the growth of this market. Price fluctuations hinder usage of casein protein. Stringent regulations regarding casein protein usage hinder the market. Higher price when compared with whey protein provides a challenge to manufacturers for utilization in food and beverage industry
Casein Protein Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the caseins in casein protein market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of casein protein, and their specific applications in different industries.
Casein Protein Market Report: Industry Coverage
Types of Casein Protein: Caseins, Caseinates, Casein Hydrolysates, and Others
Applications of Casein Protein: Food & beverages, industrial applications, nutrition, pharmaceuticals, and others
Functions of Casein Protein: Emulsification, stabilizing, foaming, and others
The Casein Protein market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico, Brazil, Rest of Americas
- Europe: The U.K., Germany, Italy, France, The Netherlands, Poland and Rest of Europe
- APAC: China, Japan, Australia & New Zealand, India, and Rest of APAC
- Rest of the World: Israel, South Africa, Saudi Arabia
Casein Protein Market Key Players Perspective:
Some of the key players mentioned in this report include FrieslandCampina, Fonterra, Kerry Group, Arla Foods, and Erie Foods.
Casein Protein Market Trends:
- Growing sports nutrition market, and rising dairy and dairy-based product market are set to provide opportunities to casein protein market.
- Booming functional food market for casein protein along with dietary supplements and healthcare proteins are boosting the market for casein protein.
- Growing demand for dairy proteins in emerging markets is also influencing the casein protein market.