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.
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.
Casein, a byproduct 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.
Access Research Report of Casein & Derivatives Market @ https://www.grandviewresearch.com/industry-analysis/casein-derivatives-market
Further key findings from the report suggest:
· 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.
· Food & beverage was the largest
application segment, accounting for 33.8% of the overall share in 2016
· 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.
· Key industry participants include Nestlé,
Fonterra, Danone, Lactalis, Arla Foods, and Dairy Farmers of America
· Technological advancements pertaining to
the infusion of milk casein with pea or soy proteins in the nutrition sector is
expected to play a key role in opening new market avenues. Furthermore, mergers
& acquisitions and the establishment of joint ventures are expected to
remain critical success factors for the industry in the near future.
· In April 2017, Danone completed the
acquisition of U.S.-based functional food manufacturing firm, WhiteWave. The
business will operate under the name, Danone Wave.
· In 2015, Arla Foods announced the
acquisition of Sweden-based Falbygdens Ost, a cheese processing company
Grand View Research has segmented the
casein & derivatives market on the basis of product, application, and
region:
Product Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
·
Edible Casein
·
Industrial Casein
·
Casein Derivatives
Application Outlook (Volume, Kilotons; Revenue, USD
Million; 2014 - 2025)
·
Food & Beverages
·
Cosmetics
·
Pharmaceuticals
·
Paints & Coatings
·
Others
Regional Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
