Casein and Caseinates Market Size, Share, Growth, and Industry Growth, By Type (Casein and Caseinates), By Application (Food & beverages, Industrial application, Nutrition, and Others), Regional Forecast From 2024 To 2031

Updated On: 08 April 2024

CASEIN AND CASEINATES MARKET REPORT OVERVIEW 

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The global casein and caseinates market size was USD 2946.25 million in 2021. As per our research, the market is projected to touch USD 6780.5 million by 2031, exhibiting a CAGR of 8.69% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with casein and caseinates experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Casein is a protein typically found in milk and provides many amino acids. Similar to other types of proteins, casein aids in the development and repair of tissues. Casein often found in mammalian milk, is frequently promoted as a substitute for whey protein, a popular dairy-based protein. A valuable addition to the diet with several possible advantages could be casein, which can be obtained via food or supplements. It produces amino acids that stop the degradation of proteins. It has a longer duration of action but moves slowly. Casein is a component of the milk that all mammals, including cows, goats, yaks, buffaloes, sheep, and humans, make. The soluble salts of acid casein are called caseinates. They are incredibly adaptable and functional proteins with a wide range of uses. Caseinates are ideal for a variety of applications, including functional foods and beverages. 

Caseinates are one of the several proteins found in milk proteins, which are derived from 1% milk and skim in casein. It is majorly used in fat breakdown and meal preparations. It is produced by adding an alkali to another derivative of the acid casein or casein. It is generally determined by the cation added with the acid casein. Other cations used in the formation of caseinates additionally include potassium, ammonium, and sodium. It contains glutamic acid and is soluble. Moreover, it does not clot in the stomach. Casein and caseinates are important proteins that are majorly found in the milk of mammalians. 

COVID-19 Impact: Longer Period of Lockdown Hampered Market Growth

The global market expansion is currently characterized by high uncertainty due to the coronavirus disease (COVID-19) pandemic epidemic. The pandemic epidemic has changed the market's entire dynamics in ways that are difficult to believe. The market has been negatively impacted by the effectiveness and intensity of containment efforts to the point of supply disruptions, changes in spending habits, behavioral modifications (such as refraining from making purchases), the effects of the sharp tightening of global market conditions, confidence effects, volatile commodity prices, and rising debt loads. The dairy business has been greatly influenced by COVID-19, which has led to the shutdown in Europe and abroad. While the production of dairy products has been disrupted, the flow of items based on dairy is stable.

LATEST TRENDS

"Rising Concern for Health and Fitness to Augment Market Growth"

The casein and caseinates market growth is estimated to be driven by the rising demand for protein-rich foods and the accessibility of healthy protein. This is because there are more health and fitness facilities and people are becoming more aware of their health. Over the forecast period, the demand for the product is also likely to increase due to functional developments such as muscle repair, energy boosts, weight loss, growing use of protein-based meal replacements, and rising consumer demand for more prominent ingredient authenticity and traceability.

CASEIN AND CASEINATES MARKET SEGMENTATION 

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• By Type Analysis

By type, the market is segmented into casein and caseinates.

• By Application Analysis

Based on application, the market is classified into food & beverages, industrial application, nutrition, and others.

DRIVING FACTORS

"Immense Benefits Associated with Casein and Caseinates Surge Product Demand"

The demand for casein and caseinates is rising due to the growing demand from the food industry. Due to their immense functional benefits, and are gaining popularity in the confectionery and bakery segment. These ingredients are used in baked products such as puddings, cheesecakes, whipped toppings, and frostings. The food demand is growing due to its applications in various industrial applications such as fiber, paper, paint, glue, and textile. Casein is the main component 

"Product Usage in Dietary Supplement to Aid Market Growth"

Casein and caseinates used as a dietary supplement are one trend. Some individuals think casein can aid in weight loss or muscle growth. There is evidence that casein may aid in weight loss, but further studies are required to substantiate this claim. There is some indication that casein may aid in muscle growth, but further studies are required to confirm this. More youngsters are joining gyms and other workout activities and consuming health supplements which are estimated to surge the casein and caseinates market growth.

RESTRAINING FACTORS

"Shifting Consumer Preference for Dairy Products to Hinder Market Expansion"

Changing consumer attitudes such that they favor plant-based protein over a dairy-based protein such as caseins and caseinates. Over the projected period, it is anticipated that rising manufacturing costs and raw material prices for the production of casein and caseinates will restrain market expansion. The production of the supplements is a complicated process that calls for pricey equipment. The casein and caseinates market growth is anticipated to be denied by the high manufacturing costs of the supplements.

CASEIN AND CASEINATES MARKET REGIONAL INSIGHTS 

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"North America to Lead the Market Due to the Growing Demand for the Product"

North America is expected to stand as a global leader due to the rising demand for protein-enriched food. The rising demand for the product from consumers is expected to surge growth in the region.

Asia Pacific is forecasted to hold a significant part of the casein and caseinates market share owing to the expansion of the dairy sector in developing economies such as India, China, and Japan.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Developing Products with Better Taste to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• TAGRIS (Russia)
• Nestlé S.A. (Switzerland)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2017 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.