Global Casein and Derivatives Market Estimated $ 7.37 Billion Growth By 2026
Global casein & derivatives market By Product (Casein, Casein Hydrolysates, Casein Derivatives, Others), Application (Food & Beverages, Industrial, Cosmetics, Pharmaceuticals, Paints & Coatings)
Market Analysis: Global Casein and Derivatives MarketGlobal casein & derivatives market is expected to rise to an estimated value of USD 7.37 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing awareness regarding the nutritional benefits of casein and its derivatives amid changes in the thinking of consumers promoting the adoption of a healthier lifestyle.
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Competitive Analysis:
Global casein & derivatives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of casein & derivatives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Casein and Derivatives MarketBy Product
- Casein
- Edible Casein
- Industrial Casein
- Casein Hydrolysates
- Casein Derivatives
- Sodium Caseinates
- Calcium Caseinates
- Potassium Caseinates
- Others
By Application
- Food & Beverages
- Industrial
- Cosmetics
- Pharmaceuticals
- Paints & Coatings
Market Definition: Global Casein and Derivatives Market
Casein is a type of dairy protein extracted from the milk of various mammalian animals. It is extracted from the milk of these animals due to its widespread nutritional benefits and its use as the basis for the production of various products such as cheese, coatings, pharmaceutical products, nutritional supplements and others. Casein holds the majority of share of proteins available with cow’s milk. Casein milk is a type of phosphoprotein essentially meaning that it consists of a higher residue of proline.
Market Drivers:
- Increasing demand from food & beverages applications due to its nutritional benefits; this factor is expected to augment growth of the market
- Rise in demand for the product from paints & coatings industry as well as the pharmaceutical industries due to its utilization as a stabilizer & emulsifier and as a therapeutic tonic
- Increasing preference for protein-rich diet and protein supplements amid a rise in the rate of urban population worldwide; this factor is expected to augment growth of the market
Market Restraints:
- Increasing population worldwide suffering from lactose intolerance is expected to restrict the growth of the market
- Concerns regarding the drastic negative effects utilization of large quantities of casein has on the health of individuals is also expected to restrain the growth of the market
Key Market Competitors:
Few of the major competitors currently working in the global casein & derivatives market are Fonterra Co-operative Group; Lactalis Ingredients; Arla Foods amba; Danone Nutricia; FrieslandCampina; Eriefoods.com; Westland Milk Products; Saputo inc.; Milkfood Limited; Kaskat; Avani Food Products; AMCO Proteins; Charotar Casein Company; Gaspari Nutrition; Clarion Casein Ltd.; Epi-ingrédients; Armor Proteines S.A.S.; Om Industries; Classik Casein; Venus Casein Products; Umiya Milk Products Pvt. Ltd.; National Casein Corporation; Devson Impex Private Limited; AGROCOMPLEX Sp. z o.o.; Merck KGaA; Ornua Co-operative Limited and All American Dairy Products, Inc. among others.
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