Market Size of Europe Casein And Caseinates Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Food and Beverages |
Largest Market | United Kingdom |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Casein And Caseinates Market Analysis
The Europe casein and caseinates market was valued at USD 285.1 million for the current year and is projected to register a CAGR of 4.0% over the next five years.
- Demand in the European market is influenced by rising consumer awareness of the health advantages of protein-rich goods like casein and caseinates. High-quality proteins like casein and caseinates are sought after by customers looking to make better dietary decisions. There is a growing demand for casein and caseinates, which are frequently utilized in protein supplements for athletes and increasing fitness individuals.
- For instance, Fitness sports will be the leading sports type in Germany in 2022, with 9.26 million members, according to the German Olympic Sports Federation (Greman: Deutscher Olympischer Sportbund (DOS)). Higher-quality casein and caseinate products have been produced as a result of advancements in processing methods and technology, which help the market grow.
- Numerous culinary products, including cheese, yogurt, and baked goods, contain casein and caseinates as beneficial ingredients, which helps the market expand. Consumers concerned about the ill effects of carbonated beverages are turning toward protein-fortified drinks, which is boosting the application of casein in the food and beverages sector. Casein and caseinates are also used in protein supplements.
- The increasing consumption of supplements drives market growth. For instance, the turnover of the food supplements industry in France was EUR 2,313.5 million (USD 2730.53 million) in 2021, according to the Federation of E-Commerce and Distance Selling (FEVAD). The projected growth of casein and caseinate in the sector is attributed to their functional characteristics that led to continued market innovation and research.