Casein Caseinate Market to Approach US$ 3564.4 Mn by 2025
According to a new market report published by Persistence Market Research “Global Market Study on Casein and Caseinate: Industrial casein to be the Largest Sub-segment by 2025”, the global casein & caseinate market was valued at US$ 2143.1 Mn in 2014 and is expected to expand at a CAGR of 4.7% to account for US$ 3564.4 Mn by 2025.
The global casein & caseinate market is segmented on the basis of type, application and region. These classifications are further broken down into segments to get a better understanding of the global casein and caseinate market in detail
On the basis of type, the casein is segmented as edible casein and industrial casein. Among these, 90.2% share of the total global casein and caseinate market in 2025, followed by edible casein with 9.8% share. Caseinate market is segmented as sodium, calcium and potassium caseinate.
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On the basis of application type, the market has been segmented into food and beverage, industrial, pharmaceuticals, cosmetics and others. Food and beverage segment accounted for 72.9% share of the global casein and caseinate market in 2014 and a healthy CAGR of 5.0% over the forecast period. Food and beverage segment is sub-segmented as nutritional food and beverages, infant nutrition and dairy products. Nutritional foods and beverages are categorized as meal replacements, clinical nutrition and sports and slimming products.
Growth of the global casein and caseinate market is driven by rising health awareness and growing demand for protein-enriched food products. Global casein production accounted for 333.3 Metric Tons and caseinate accounted for 2143.1 Metric Tons and US $ 2143.1 Mn by Volume and Value respectively in 2014 .. Other trends driving the growth of the casein and caseinate market include growing awareness about the health benefits of specific milk components.
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North America dominates the casein and caseinate market with over 33.8% market share in 2014 and is anticipated to remain dominant by 2025. Western Europe and Asia Exclusive Japan share in 2014. Among all the regions, Asia Pacific Excluding Japan is expected to register the highest CAGR between 2015 and 2025, followed by Latin America due to increase in the market share in ASEAN region.
Key players included in the report are Nestlé SA, Danone SA, Arla Foods and Groupe Lactalis. FrieslandCampina, Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
