Market Size of Casein and Caseinates Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Casein and Caseinates Market Analysis
The casein and caseinates market is projected to register a CAGR of 5.2% during the forecast period.
Casein and caseinates are witnessing huge demand from food and beverage and other industrial applications, including plastic, fiber, paint, paper, glue, and textile. Cow's milk contains about 3.3% protein, 80% comprising large casein aggregates. Acid casein, whose precipitation is mainly generated through the use of hydrochloric acid, is employed by the chemical industry to produce colors, glues, glossy papers, and sealants.
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. Thus, the demand for dietary supplements is also anticipated to drive the market studied. According to the Council for Responsible Nutrition (CRN), a record-breaking 80% of American adults aged 18 and above used dietary supplements in 2021. The market for nutritional supplements has experienced significant expansion, particularly for vitamins and protein supplements.
Caseinates are used because of their numerous functional properties and their nutritional and dietary qualities. The main reasons for this trend are an increase in the number of health and fitness centers and an increase in consumer health consciousness. Over the forecast period, the demand for casein and caseinates is expected to rise. The increasing range of applications of casein in the cosmetics and personal care industry, particularly as emulsifying agents and hair and skin conditioners, are providing new opportunities for casein manufacturers to increase their market share.
