The global casein and caseinates market was valued at USD 1,095.8 million and is expected to register a CAGR of 4.26% over the next five years.
The Global Casein And Caseinates market is consolidated due to the strong presence of regional and global players. The major players focus on strategic planning to grow the business portfolio. Apart from business development activity, the acquisition is also considered for business growth to improve the market share. Major players like Arla Foods AMBA, Fonterra Co-operative Group Limited, Kerry Group plc, Royal FrieslandCampina N.V., and Savencia Fromage & Dairy (sorted alphabetically) are making strategic moves to make their businesses grow.
Further, the companies have been introducing new and innovative products with the inclusion of label claims, such as naturally derived and organic ingredients, so as to make their product unique from the existing products. Owing to the rapidly developing nature of the market, new product innovation has become the most commonly used strategy among all, as it helps in understanding the changing needs of the application industry in the market.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook