According to a new report by Expert Market Research titled, “Global Casein Market Price, Size, Share, Report and Forecast 2024-2032″, the global casein market reached a value of USD 3.02 billion in 2023. Aided by growing demand from various industrial sectors and functional advancements of casein, the market is projected to further grow at a CAGR of 7.10% between 2024 and 2032 to reach a value of USD 4.49 billion by 2032.
Originating from milk, casein is a protein that digests at a more gradual pace compared to its counterparts. Its presence is notable in a variety of food items, from the cheese on your pizza to the yoghurt in breakfast bowls, even extending to infant formulas and the favourite protein shakes of many. Beyond its role as a muscle enhancer and tissue repair facilitator, casein offers multifaceted benefits. Its ability to emulsify, stabilise, and thicken finds applications in diverse industries, making casein market demand quite robust. Industries spanning from pharmaceuticals to cosmetics and even adhesive manufacturing see a high utility in casein.
One cannot deny the overarching trend towards protein-enriched diets today. The sheer surge in awareness around protein’s health merits has paved the way for a global dietary shift. This has naturally spurred the casein market growth, given that casein-based products align perfectly with the dietary aspirations of many. Besides, the wellness and fitness wave that’s taken the world by storm further accentuates casein’s allure. It is not just the everyday individual who’s smitten by casein; even athletes and fitness aficionados can’t seem to get enough of it.
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Delving deeper into the casein market analysis, it’s clear that its applications are burgeoning. For instance, the pharmaceutical world sees immense value in casein as both a binder and stabiliser, particularly when crafting tablets or capsules. Transitioning to the realm of cosmetics, casein emerges as a hero ingredient yet again. Its capacity to moisturise and induce skin tightening has rendered it indispensable in various skincare concoctions. And then there’s the world of adhesives, where casein’s properties are deemed crucial for the creation of certain glues and binding solutions.
The food and beverage sector, in its pursuit of dairy replacements, has turned to casein. The era is marked by a surge in veganism and plant-based diets, which brings casein to the forefront as a vital element in devising dairy-free renditions of cheeses, yoghurts, and an array of alternatives. This shift is not only testament to evolving consumer preferences but also an indicator of the growing casein market value.
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Market Segmentation
The market can be divided based on product type, end use, and region.
Market Breakup by Product Type
• Acid Casein
• Rennet Casein
Market Breakup by End Use
• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Industrial
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global casein market. Some of the major players explored in the report by Expert Market Research are as follows:
• Lactalis Ingredients
• Westland Milk Products
• Fonterra Co-Operative Group Ltd.
• Arla Foods Ingredients Group P/S
• FrieslandCampina N.V.
• Others
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