Casein & Derivatives Market Worth $6.95 Billion By 2025 | CAGR: 7.1%

Posted on 2018-01-17 by Javed_GVR in Food & Beverage // 0 Comments

San Francisco, CA, 2018-Jan-17 — /EPR Network/ — The global casein & derivatives market is expected to reach USD 6.95 billion by 2025, at a predicted CAGR of 7.1%, according to a report by Grand View Research, Inc. Rising consumer inclination toward products containing casein as an ingredient in their daily diet to ensure the supply of protein is expected to have a positive impact on the market growth.

Casein, a byproduct of milk, is used in the formulation of numerous products including nutritional supplements, food additives, confectionaries, dairy milk products, and infant formulas. In addition, the product finds application in adhesives, ink, leather finishing, and paints due to superior water solubility and fast drying properties.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/casein-derivatives-market

Further key findings from the report suggest:

Edible casein was the dominant product segment and valued at USD 1.46 billion in 2016 on account of predominant consumption of the product among working professionals and sports athletes. Moreover, the product is expected to remain dominant over the forecast period on account of its penetration in different milk products.
Personal care is projected to foresee revenue growth at an estimated CAGR of 7.1% from 2017 to 2025. The growing popularity of Halal abased cosmetics in the Middle East countries including Saudi Arabia, Iran, and Jordan as a result of product innovation by personal hygiene manufacturers is expected to open new markets for casein.
Food & beverage was the largest application segment, accounting for 33.8% of the overall share in 2016
North America was the second-largest market and accounted for 25.3% of the overall volume in 2016. The region is, however, anticipated to record a decline over the next eight years. High level of substitutional threat from plant proteins including rice, soy, and pea in the U.S. and Canada owing to shifting consumption pattern toward vegan diet is expected to have a positive impact.
Key industry participants include Nestlé, Fonterra, Danone, Lactalis, Arla Foods, and Dairy Farmers of America
Technological advancements pertaining to the infusion of milk casein with pea or soy proteins in the nutrition sector is expected to play a key role in opening new market avenues. Furthermore, mergers & acquisitions and the establishment of joint ventures are expected to remain critical success factors for the industry in the near future.
In April 2017, Danone completed the acquisition of U.S.-based functional food manufacturing firm, WhiteWave. The business will operate under the name, Danone Wave.
In 2015, Arla Foods announced the acquisition of Sweden-based Falbygdens Ost, a cheese processing company

Grand View Research has segmented the casein & derivatives market on the basis of product, application, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

Edible Casein
Industrial Casein
Casein Derivatives
- Sodium Caseinates
- Calcium Caseinates
- Potassium Caseinates

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

Food & Beverages
Cosmetics
Pharmaceuticals
Paints & Coatings
Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

North America
- U.S.
Europe
- Germany
Asia Pacific
- China
- India
- New Zealand
- Australia
Central & South America
- Brazil
Middle East & Africa
- Saudi Arabia
- South Africa

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-casein-derivatives-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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