India Casein Market to Grow at over 5.9% CAGR until 2028

IMARC Group's report titled " India Casein Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ". The India casein market size reached US$ 108.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 159.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

Factors Affecting the Growth of the India Casein Industry:

• Expanding Dairy Sector:

The growth of the India casein industry is closely tied to the expansion of the country's dairy sector. At present, India is one of the world's largest producers of milk, with a vast dairy farming infrastructure. The increasing demand for milk and milk products, both domestically and internationally, has led to a higher production of milk and, subsequently, casein. This rise in milk production provides a stable and abundant source of raw material for casein production, thus fostering market growth.

• Increasing Health Consciousness Among Consumers:

The global shift toward healthier dietary choices has contributed significantly to the growth of the India casein industry. Casein, as a high-quality protein derived from milk, is widely sought after by health-conscious consumers. It finds extensive applications in sports nutrition, infant formula, and functional foods due to its slow-digesting, muscle-building properties. As awareness about the health benefits of casein protein continues to rise, the demand for casein-based products is escalating both in the domestic market and for exports, driving industry growth.

• Rising Export Opportunities:

The India casein industry has also benefited from the rising export opportunities. International markets, especially in regions like North America, Europe, and Asia-Pacific, have a growing demand for casein-based products. India's competitive advantage lies in its cost-effective production methods and a vast pool of skilled labor. This has enabled Indian casein manufacturers to tap into global markets, leading to increased exports and industry growth. Additionally, favorable government initiatives to promote export-oriented production further enhance the industry's prospects, thus augmenting market growth.

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India Casein Market Report Segmentation:

By Product Type:

• Rennet Casein
• Acid Casein

Rennet casein dominates the market by product type due to the significant demand for rennet casein in various industries, including food processing, pharmaceuticals, and cosmetics, on account of its versatile protein properties and wide-ranging applications.

By End Use:

• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Industrial
• Others

Food and beverages represent the largest market segment as casein is extensively used in the food and beverage industry for its emulsifying, gelling, and thickening properties, making it a crucial ingredient in products like dairy-based desserts, cheese, and protein-fortified beverages.

Regional Insights:

• North India
• West and Central India
• South India
• East India

Region-wise, the market has been divided into North India, West and Central India, South India, and East India.

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India Casein Market Trends:

The India casein market is currently witnessing several notable trends. Firstly, there is a growing emphasis on product diversification, with manufacturers expanding their casein product lines to cater to evolving consumer preferences. Moreover, sustainability is gaining prominence worldwide, spurring the adoption of eco-friendly production practices within the industry. Additionally, the increasing health consciousness among consumers is fueling the demand for casein-based health and wellness products. Besides this, the rapid globalization of the India casein industry is resulting in increased export opportunities, with Indian manufacturers actively tapping into international markets. These trends collectively reflect the dynamic and evolving nature of the India casein market.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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