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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.
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North America Casein Market Opportunities
North America does provide massive scope to the casein market, given that demand is pretty vast in industries such as sports nutrition and functional foods. A high rise in health-conscious consumers consumes high-protein and functional ingredients that act to drive demand for the casein industry in North America. For example, the sports nutrition sector, valued at approximately USD 20 billion in 2023, deeply utilizes casein due to its benefits associated with slow-digested protein. Also, the growth in the dairy-based protein products line is expected to aid in the growth of the market in the food and beverages industry. Innovation in the use of casein applications and growing consumer awareness regarding protein benefits is likely to drive market opportunities within North America.
Europe Casein Market Dynamics
The demand for value addition and high-quality dairy ingredients in health and nutrition applications propels the casein market in Europe. Further, casein has an increased preference in sports nutrition and functional foods due to its slow-release protein benefits. Stringent regulations with regard to food safety and quality encourage high-end casein products. Besides all this, increased consumer awareness regarding the role of protein in muscle maintenance and weight management underpins growth in this market. Growth in the market also relates to dairy-based applications-including infant formula and specialty food products-driven by innovations and the expansion of health-focused dietary options across the region.
Asia Pacific Casein Market Trends
Casein is being increasingly used for infant formulas in Asia Pacific, pushing the market to attain a 6.5% CAGR through 2032. The infant formula market is growing in the Asia Pacific region. The growth in infant formula demand has been quite impressive in both India and China. In India, the market is expected to touch approximately US$6 billion by 2025, driven by increasing disposable incomes, a widening middle class, and better awareness of the importance of infant nutrition. Likewise, the China market is expected to reach over US$13 billion by 2025, buoyed by a rising middle class, strong focus on premium and value-added nutritious products, and high birth rate. In particular, both countries are fond of casein-enriched formulas because the casein protein is slowly digested for sustained release of nutrients and digestive comfort. Owing to this, more and more parents in both nations have placed a growing demand on scientifically formulated nutrition of high quality for their babies, hence increasing the casein market share in Asia Pacific.
Latin America Casein Market Insights
The casein industry in Latin America is driven by increasing demand for dairy-based nutrition products. The market is likely to record increased sales, projected at about USD 2 billion by 2025, due to the increased middle-class consumer and interest in health and wellness. For example, Brazil's dairy industry is on the rise, with consumers increasingly seeking high-protein dietary supplements and functional foods. Other current trends within the region include new nutritional casein-based products with locally adapted tastes and dietary habits, showing that the industry has moved to adjust to consumer demands and hence giving impetus to the market growth.
Middle East and Africa Casein Market Drivers
One of the driving factors for casein demand in the Middle East and Africa is the demand for premium quality dairy products due to increased health awareness and rise in disposable incomes. This is supported by an expanding population and economic growth in countries such as Saudi Arabia, the UAE, and South Africa. There is also an increasing demand for nutritional value-added products, such as casein and infant formula. Besides, modernization of dairy production for food security improvement in the region acts as a driver to the growth of the market. In this view, recent developments place the local dairy producer in various partnerships with their international counterparts to add value to their product offering and meet the changing consumer's preference for high-protein and functional dairy ingredients.
*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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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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