(MENAFN- PR Newswire) DUBAI, U.A.E, Sept. 22, 2020 /PRNewswire/ -- Future Market Insights (FMI) in its recent study indicates that the global casein market will be reflecting a CAGR of 5.8% throughout 2020-2030. Extensive use of casein in several applications across both non-food and food sectors is encouraging sales and will propel growth throughout the assessment period.
The report further states that the COVID-19 pandemic has exhibited a significant downturn in the consumption of caseins, as a result of decreasing industrial-grade operations across significant industries. The demand has endured all over the healthcare, beverage, and food sectors since they are held as essential services. FMI indicates a moderate retrieval during 2021-2022.
"Rising demand for nutrition boosting foods and clean label products is prompting vendors to launch organic casein products, generating substantial revenue pools over the assessment period.", says the FMI analyst.
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Key Takeaways
- In terms of derivatives, sodium caseinate accounts for over 50% of the overall market share amid 2020-2030.
- Based on end-use, the consumption of ready-to-eat foods is witnessing high ground for expansion.
- Based on function types, heat stabilizing agents will be lucrative category amid others during the forecast period
Casein Market – Key Trends
- Extensive use of casein in film coatings for tablets and capsules, protein-based drugs, hydrogels, and nanoformulations has emerged a growing trend, will drive the market.
- Retroviral agents presence in casein boosts its implementation to treat diseases such as HIV/AIDS across the pharmaceutical sector
- The growing adoption of the A2 beta-casein milk type encourages market growth as it is organic and is free of antibiotics, GMOs, and other chemicals.
Casein Market - Regional Analysis
- North America will record impressive growth accounting for 20.7% of market share due to several end-use applications.
- The presence of key market players such as Burt Lewis ingredients, Groupe Lactalis, and Arla Foods Ingredients Group, will make Europe dominant among other regions.
- South Asia will record notable growth as Asia is the major contributor to the global milk production. The region is witnessing the growing application of casein in the pharmaceuticals sector.
Casein Market - Competitive Landscape
The global casein market competition is limited due to high product variety and quality. Introducing innovative products at reasonable costs is at the cornerstone of key players. Case in point
- Arla Foods launched MicelPure, its first organic ingredient in order to address the escalating need for natural protein ingredients. The product has 87% native protein appropriate for functional ingredient-based health foods. Moreover, it carries lactose content & reduced fat, as well as is heat-stable.
- ZERLAC launched for the functional food market its range of lactose-free high protein dairy ingredients.
Key companies identified in the global casein market are Fonterra Co-operative Group, Koninklijke FrieslandCampina N.V. (DFE Pharma), Hoogwegt Groep B.V., AMCO Proteins, Burt Lewis Ingredients, Glanbia, Plc, Charotar Casein Company, Arla Foods Ingredients Group P/S, The Milky Whey, Inc., Groupe Lactalis, Milk Specialties and Global Idaho Milk Products, Inc.
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Casein – Taxonomy
Derivatives Type
- Sodium Caseinate
- Calcium Caseinate
- Potassium Caseinate
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
- Ointments
- Paper
- Coatings
- Paints
- Glues
- Textiles
- Varnishes
- Plastics
Function Types
- Texturizing Agent
- Flavoring Agent
- Coating Agent
- Binding Agent
- Emulsifying Agent
- Heat Stabilizing Agent
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Valuable Insights into the Casein Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global casein market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the casein market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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SOURCE Future Market Insights
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