The global casein and caseinate market was worth US$2,143.1 million in 2014. The market’s expected CAGR from 2015 to 2020 is 4.7%. After the end of the forecast period, the market’s value is expected to be US$3,564.4 million.
A closer look at the global casein and caseinate market reveals the reasons that facilitate its growth, the greatest of which is a constant generation of awareness regarding the health benefits of casein. This has in turn created a high demand for foods that are rich in protein or foods to which casein is added to obtain a higher protein content. In terms of weight, the global casein and caseinate market contained 333.3 metric tons of casein and the production of caseinate weighed in at 2,143.1 metric tons in 2014.
Where this Casein and Caseinate is Going
Geographically, the global casein and caseinate market is dominated by the regional market of North America, followed by the regions of Europe and Asia Pacific (excluding Japan). In 2014, Europe and Asia Pacific together held more than 37% of the market, while North America alone held 33.8% of the global casein and caseinate market the same year. With this picture in view, we can understand that the rapid rate of industrialization and urbanization of the two major emerging economies in the world, namely China and India. The region of Asia Pacific excluding Japan is set to show the fastest growth in the global casein and caseinate market from 2015 to 2020.
Other regions showing good promise of growth in the global casein and caseinate market are Latin America and the ASEAN region. The former is showing a greater interest in infant formula, while the latter is currently benefitting from relaxed trade laws.
Each region is influenced by key players in the global casein and caseinate market, including Saputo, Groupe Lactalis, Westland Milk Products, Fonterra, FrieslandCampina, Arla Foods, Danona SA, and Nestle SA.
Here’s a more detailed breakup of the global casein and caseinate market till now:
Using the criterion of type, the industrial casein segment is expected to dominate the market, as it is predicted to hold 90.2% of the market by 2025.
Edible casein is expected to remain the minority, with a 9.8% share of the global casein and caseinate market in 2025.
The caseinate market segments according to type are caseinates of potassium, calcium, and sodium.
Looking from an applications point of view, 72.9% of the global casein and caseinate market is held by food and beverages. The other segments are cosmetics, pharmaceuticals, industrial, food and beverages, and other minor segments. The food and beverages segment is also expected to grow at a decent CAGR of 5% from 2015 to 2025.
We can therefore see that the global casein and caseinate market is expected to go strong into the future as more and more people use these products in their daily lives.