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, industrial casein sub-segment is
estimated to remain dominant with 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.
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 is expected to register a
healthy CAGR of 5.0% over the forecast period. Food and beverage
segment is further sub-segmented as nutritional food and beverages,
infant nutrition and dairy products. Nutritional food and beverages
are categorised as meal replacements, clinical nutrition and sports
and slimming products.
For
more information on this report, fill the form @
https://www.persistencemarketresearch.com/samples/5873
Growth
of the global casein and caseinate market is mainly driven by rising
health awareness and new functional food product launches, growing
disposable income, increasing promotional activities and growing
demands for protein-enriched food products. Global casein production
accounted for 333.3 Metric Tons whereas 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.
North
America dominated 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 Pacific Excluding Japan collectively
accounted for over 37% of the total casein and caseinate market share
in 2014. Among all the regions, Asia Pacific Excluding Japan is
anticipated to register the highest CAGR between 2015 and 2025,
followed by Latin America due to increasing infant formula market and
reduction in trade barriers in the ASEAN region coupled with rising
demand of food and beverage.
Key
players included in the report are Nestlé S.A., Danone S.A., Arla
Foods and Groupe Lactalis. FrieslandCampina, Fonterra, Westland Milk
Products, Groupe Lactalis and Saputo.
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