Global Casein and Caseinate Market to Witness Rising Demand from APEJ Region

The global casein and caseinate market is projected to expand at a moderate CAGR of 4.70% during the forecast period from 2015 to 2025, says Persistence Market Research (PMR). In 2014, the global casein and caseinate market was estimated at US$2.1 bn and by 2025, it is projected to be worth US$3.5 bn.

Several factors are supporting the growth of the global casein and caseinate market. A key factor is the rising health awareness among consumers. Other factors include the increasing number of functional food product launches, rising promotional activities, elevated demand for protein-enriched foods, and growing disposable income.

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Broadly, the global casein and caseinate market is segmented on the basis of product type, application, and geography. Here are the most prominent segments of the global casein and caseinate market:

Most Promising Segments of Global Casein and Caseinate Market

  • Industrial Casein: By type, the global casein and caseinate market is divided into industrial casein and edible casein. The industrial casein segment is projected to dominate the global casein and caseinate market. By 2025, the industrial casein segment will hold a share of 90.2% in the global casein and caseinate market.

  • Food and Beverages: On the basis of application, the global casein and caseinate market is classified into food and beverages, pharmaceuticals, cosmetics, industrial, and others. Among these, the food and beverages segment held a share of 72.9% in the global casein and caseinate market in 2014 and is projected to expand at a marked CAGR of 5.0% during the forecast period. The food and beverages segment is further divided into nutritional food and beverages, dairy products, and infant nutrition.

  • North America: Regionally, the global casein and caseinate market is segmented into North America, Western Europe, Latin America, Rest of Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East and Africa (MENA). In 2014, North America held a dominant share of 33.8% in the global casein and caseinate market and is projected to continue its dominance during the forecast period.

  • Asia Pacific Excluding Japan: Collectively, Western Europe and Asia Pacific excluding Japan represented a share of 37% in the global casein and caseinate market. Among these regional segments, Asia Pacific excluding Japan is expected to register the highest CAGR during the forecasting horizon in the global casein and caseinate market, followed by Latin America. The Asia Pacific casein and caseinate market is driven by the rising demand for infant formula and favorable trade conditions in the ASEAN region.

These were the most prominent segments of the global casein and caseinate market. Although the rising demand in these segments will drive the market, factors such as the decline in preference for low-carb diets, rising cost of manufacturing, and fluctuating supply of raw materials will challenge the market.

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Players in the global casein and caseinate market are focusing on increasing their market presence through mergers and acquisitions and signing partnership agreements. For example, in 2015, Arla Foods and DMK Group signed a partnership agreement to open a new production facility in Germany. Some of the leading players operating in the global casein and caseinate market are Danone, Nestle, Fonterra, Groupe Lactalis, FrieslandCampina, and Westland Milk Products.

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