Casein And Derivatives Market Comprehensive Study Explore Huge Growth by 2027
The Casein And Derivatives Market contains comprehensive information on the fundamental points, industry share, market volume, and product portfolio.
NEWARK, UNITED STATES, May 4, 2022 /EINPresswire.com/ -- The Global Casein and Derivatives Market is expected to grow from USD 4.66 billion in 2019 to USD 8.11 billion by 2027, at a CAGR of 7.17% during the forecast period 2020-2027. Asia-Pacific is the most dominating market region-wise. The factors leading to the growth of this market in this region are emerging potential in developing economies such as India and China, increasing penetration of dairy products, the population of livestock animals, growing health awareness among the consumers and popularity of nutritional products and supplements. Europe is expected to grow at a significant growth rate, owing to the increasing awareness among the consumers, urbanization due to which consumers have a hectic lifestyle and prefer resay-to-go meals, and the presence of leading market players. North America is expected to witness negative growth rate as consumers prefer whey protein over casein derived protein.
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Some of the key players in the casein and derivatives market are Arla Foods amba, Danone Nutricia, Fonterra Co-operative Group, Lactalis Ingredients, Saputo inc., Milkfood Limited, Avani Food Products, FrieslandCampina, Westland Milk Products, Gaspari Nutrition, Clarion Casein Ltd., AMCO Proteins, Charotar Casein Company, Classik Casein, Venus Casein Products, Epi-ingrédients, Armor Proteins S.A.S., Om Industries, Devson Impex Private Limited, AGROCOMPLEX, Umiya Milk Products Pvt. Ltd., National Casein Corporation, All American Dairy Products, Inc., Merck KGaA, and Ornua Co-operative Limited.
By the type of products, the market is segmented into edible casein, industrial casein, and casein derivatives which include sodium caseinates, calcium caseinates, and potassium caseinates. The edible casein segment holds the largest market share because of its application in the food industry. It is used in the form of coffee whiteners, processed cheese and infant formulas, because of its low fat and cholesterol content. The industrial casein segment is expected to grow at a substantial growth rate as the infrastructure development has increased. Industrial casein provides even, smooth and levelled surfaces, and it also reduces the water consumption, which is leading to the growth of this market.
By the type of end-user applications, the market is segmented into food & beverages, cosmetics, pharmaceuticals, paints & coatings, and others. The food & beverages segment has the largest market share, owing to increasing demand from this sector as consumers are becoming health conscious. Pharmaceuticals segment is anticipated to witness a high growth rate in future as consumption of casein products in syrups, and infant formulas is rising. Also, cosmetics segment is expected to grow in the upcoming years as consumers are upgrading their lifestyle and spending more on wellbeing.
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In September 2018, Epi-ingrédients launched “Epiprot 60 UL” a milk protein concentrate which consist of 60% of the native protein. It is produced directly from fresh milk through the process of ultra-low heat, which helps in the preservation of 80/20 casein/native whey protein. This product will help the company to improve the milk protein offerings to their customers.
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