Market Size of Canada Casein And Caseinate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.25 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Canada Casein And Caseinate Market Analysis
The Canada casein and caseinate protein market size is expected to grow from USD 43.63 million in 2023 to USD 51.20 million by 2028, at a CAGR of 3.25% during the forecast period (2023-2028).
- Casein and caseinate are known for their functional properties, including their ability to improve texture, solubility, and emulsification in food products. This drives their use as ingredients in the food processing industry. Also, changes in disposable income levels influence consumer spending on premium and healthier food options, which can impact the demand for casein and caseinate-fortified food and beverages and nutritional supplements.
- The demand for casein fortification is increasing drastically in the country. It is being used as an alternative to gluten products, as Canada reported the relative rates of avoiding gluten because of gluten sensitivity compared with the rates of avoiding it due to celiac disease. As a result, the number of Canadians turning toward gluten-free tripled from 2010 to 2020. Hence, Canadians prefer protein-fortified gluten-free baked goods for better nutritious value, which supports the demand for casein in the bakery segment.
- Furthermore, in the food and beverage industry, caseinates are gaining popularity in the bakery and confectionery segment due to their immense functional benefits. Caseinate ingredients are used in baked goods, such as cheesecakes, puddings, frostings, and whipped toppings. Besides, the increasing applications of casein in the cosmetics and personal care industry, especially as hair and skin conditioning and emulsifying agents, are providing new opportunities for manufacturers to increase their market shares.
- Casein and caseinates have been widely used in dietary supplements. Also, rising milk production in the country can contribute to the casein and caseinate production in Canada. For instance, according to the Canadian Dairy Information Centre, in 2022, approximately 94.5 million hectoliters of milk were produced in Canada.
