Global Casein Market Overview 2018: Growth, Demand and Forecast Research Report to 2023

The global casein market has witnessed a positive growth over the past few years. The rising health awareness, increasing population and numerous applications of casein have been spurring the market across the world.

Casein is the protein found in mammalian milk which forms an essential ingredient of cheese. It is an amorphous white solid without any taste and odour in its original form, however, commercial casein is slightly yellow in colour with a pleasant odour. In the recent years, casein is increasingly consumed by the masses as it helps in improving metabolic rate, yielding greater strength and gains, and reducing or preventing the effects of enamel erosion. It is also being used in medicines, dietary supplements, prepared foods and cosmetics. A new research report by IMARC Group, titled “Casein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of 327,000 Tons in 2017. The report further anticipates the market to reach a volume of 404,000 Tons by 2023, at a projected CAGR of 3.6% over the forecast period.

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Global Casein Market Drivers/Constraints:

Casein is used to emulsify fat, provide nutrition, lower blood pressure and sugar, and as an adhesive agent and colorant. This has led to an increase in the demand for casein in a wide variety of industries, such as food and beverage, pharmaceutical, etc.

The changing dietary habits of the consumers due to increasing health awareness have led to a rise in the consumption of casein, thereby accelerating the overall growth of the casein market across the globe.

Longer shelf life, high income levels, growing consumption of protein enriched food products and health drinks represent some of the other key factors driving the demand for casein globally.

The increasing raw material and manufacturing costs, limited and fluctuating supply and decline in preference for low carb diet are the factors hampering the growth of the global casein market.

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Product Type Insights:

On the basis of type, the market has been segmented into rennet and acid cheese. Currently, rennet cheese dominates the market as it is mainly used in the production of infant formulas, functional foods, and processed cheese.

Regional Insights:

On a geographical front, Europe represents the largest market for casein as it is majorly used in the production of cheese and other casein products, such as functional foods and nutrition products. Other major regions include Oceania, North America, Asia and others.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large players. Some of the leading players operating in the market are:

Lactalis
Fonterra
FrieslandCampina
Savencia Fromage & Dairy (Bongrain SA)

Browse more related reports:

Whey Protein (Powder and Concentrate) Market Research Report: https://www.imarcgroup.com/whey-protein-powder-and-concentrate-market

Whole Milk Powder Market Research Report: https://www.imarcgroup.com/whole-milk-powder-market

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