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Report Overview
The global casein market size stood at a value of USD 3.37 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.9% to reach a value of USD 5.55 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Casein Market Analysis
In the past five years, significant developments and challenges have been noted in the casein market. On one hand, increasing demand for protein-rich nutrition and its wide application in sports nutrition and infant formula have driven the growth of the market. Recently, product innovations have started to emerge within casein-based products, such as bioplastics and personalised nutrition.
However, over the years, the industry has continued to face various challenges, including fluctuating prices of raw materials and supply chain disruptions, affecting not only the production cost but also stability within the market. Some of the new developments accelerating casein demand involve improvement of the technologies of extraction and processing; the quality and functionality of the product are thereby enhanced.
Other companies are considering nature-friendly practices by using casein in related sustainable applications, such as the production of biodegradable materials. Indeed, the new development is showing that the industry moves with market demands and environmental concerns toward continued growth and innovation in the casein sector.
Casein Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global casein market attained a value of nearly USD 3.37 billion.
The market is projected to grow at a CAGR of 6.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 5.55 billion by 2032.
The major drivers of the market are increasing demand for casein from various sectors, rise in application of casein as emulsifying agents, surging production of medicines using casein, and the rising disposable incomes.
The key trends guiding the growth of the market include the rising research and development activities undertaken by leading companies to drive casein innovations and the rising health awareness.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types considered in the market report are acid and rennet casein.
The major players in the global casein market are Lactalis Ingredients, Westland Milk Products, Fonterra Co-Operative Group Ltd., Arla Foods Ingredients Group P/S, and Friesland Campina N.V., among others.
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