Global Casein Market Report and Forecast 2023-2028

Global Casein Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global casein market attained a value of USD 3183.52 million in 2022. Aided by the increasing demand for protein-rich food products and the growing applications of casein in various industries, the market is projected to further grow at a CAGR of 6.1% between 2023 and 2028 to reach a value of USD 4522.42 million by 2028.

Casein is a slow-digesting protein derived from milk and is commonly used as a food ingredient in various products, including cheese, yoghurt, infant formula, and protein supplements. It plays a vital role in muscle growth, tissue repair, and overall health. Apart from its nutritional properties, casein also possesses excellent emulsifying, stabilising, and thickening properties, making it a valuable ingredient in various industrial applications, including pharmaceuticals, cosmetics, and adhesives.

The increasing consumer preference for protein-rich food products is driving the global casein market growth. With the growing awareness of the health benefits associated with protein consumption, there has been a significant shift towards high-protein diets, leading to a surge in demand for casein-based products. Additionally, the rising trend of health and fitness has further contributed to the increasing popularity of casein, as it is a popular ingredient in protein supplements consumed by athletes and fitness enthusiasts.

The expanding applications of casein in various industries also play a significant role in propelling the casein market. In the pharmaceutical industry, casein is used as a binder and stabiliser in the production of tablets and capsules. The cosmetic industry utilises casein for its moisturising and skin-tightening properties, which are essential in the formulation of various skincare products. Moreover, casein's adhesive properties make it an essential component in the manufacturing of adhesives and glues.

Further, the growing demand for dairy-based alternatives in the food and beverage industry has led to an increased focus on casein as a viable ingredient for plant-based products. With the rise of veganism and the increasing popularity of plant-based diets, casein has emerged as a critical component in the formulation of dairy-free cheese, yoghurt, and other alternatives, thereby boosting the casein market expansion.

Market Segmentation

The market can be divided based on product type, end use, and region.

Market Breakup by Product Type

• Rennet Casein
• Acid Casein

Market Breakup by End Use

• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Industrial

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global casein companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Lactalis Ingredients
• Westland Milk Products
• Fonterra Co-Operative Group Ltd.
• Arla Foods Ingredients Group P/S
• FrieslandCampina N.V.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.