According to the report, the global casein market reached a volume of 349,745 Tons in 2019. Longer shelf life, large number of applications in the food industry, growing demand of protein-based health drinks, changing dietary habits, population growth, increasing disposable incomes and rising demand from developing markets currently represent some of the key factors driving the demand of this product. This report provides historical volume, value and price trends of casein during 2014-2019 and forecasts till 2025. Looking forward, IMARC Group expects the global casein market to exhibit moderate growth during the next five years.
On a regional level, the report has analyzed the casein market in the following regions – Europe, North America, Latin America, Oceania, Asia and others. According to the report, Europe is currently the largest producer of casein followed by Oceania. For each of the regions, this report provides both historical and future market trends in the casein market. Other important market engineering aspects such as the competitive landscape, margin analysis, porters five forces analysis, value chain analysis, etc. have also been thoroughly evaluated in this report.
The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the global casein market. This ranges from macro overview of the market to micro details of the industry performance, manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the casein industry in any manner.
Key Questions Answered in This Report:
The global casein market reached a volume of 352,117 Tons in 2019.
The outbreak of the coronavirus disease (COVID-19) and the increasing adoption of social distancing measures in numerous countries have disrupted the supply chain and market operations of the industry.
Casein is used to emulsify fat, provide nutrition, and as an adhesive and colorant. This has led to an increase in the demand for casein from a wide variety of industries, such as food and beverage, and pharmaceutical.
One of the major trends in the casein industry is the growing demand for protein-based food products among consumers, on account of rising health consciousness and fitness trends.
The global casein market is expected to grow at a CAGR of around 3.90% during the next five years.
Based on the product type, the market is bifurcated into rennet and acid casein. Rennet casein currently represents the most preferred product type.
One the basis of the end use, the market has been classified into the food and beverage, pharmaceuticals, cosmetics, industrial and other sectors. Among these, casein is mostly used in the food and beverage industry.
Region-wise, Asia holds the leading position in the market. Other major regions are Oceania, North America, and Europe.
The leading players operating in the industry are Nestlé S.A., Danone S.A., Arla Foods amba, Groupe Lactalis, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., and Westland Dairy Company Limited.
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