Global Casein Market 2017 - Lactalis, Fronterra, FrieslandCampina, Savencia Fromage & Dairy
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The latest report by IMARC Group, titled “Casein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global casein market has grown at a CAGR of around 4% during 2009-2016, and reaching a volume of 315 Thousand Tons in 2016. Casein is one of the vital proteins abundantly found in cow’s milk. It comprises of several nutrients such as calcium, carbohydrates, phosphorous and almost all the essential amino acids required by a human body. It can also be produced synthetically from skimmed milk with the help of rennet or acid precipitation. Casein finds numerous applications in the food sector as it helps in enhancing the texture, flavour and colour of the food. It is used in the production of cheese, yoghurt, bakery products, sauces, ice-creams, soups, etc. Some of the other applications of casein are found in the cosmetics, animal feed, plastic and fibre, pharmaceuticals, adhesives, paints and dental industries.
Highlights of the global casein market:
Applications of casein in the food industry represent one of the primary growth-inducing factors.
On the basis of product type, rennet casein dominates the global market.
Europe represents the largest producer of casein, accounting for more than a half of the total market share.
One of the primary factors driving the casein market is growing health awareness and the prevalent fitness trend among the consumers. Owing to this, there has been an increase in the demand for value-added products, protein supplements, nutritional bars, health drinks, etc. Moreover, due to the flourishing food industry, demand for milk products such as cheese, yoghurt and butter has risen, in turn, boosting the growth of the market. Owing to its water absorption capacity, melting properties, texturing capacity, good emulsification and adhesive properties, casein finds diverse applications in a wide range of industries. Other factors stimulating the market growth are easy transportation, long shelf-life, surging incomes and hectic lifestyle. According to the report, the market is further projected to reach a volume of around 395 Thousand Tons by 2022.
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The market has been segmented on the basis of type, where rennet casein accounts for the majority of the total global consumption followed by acid casein. On the basis of end-use, food applications dominate the casein consumption, accounting for the majority of the market share. They are followed by non-food applications. Region-wise, Europe represents the largest producer, accounting for around a half of the total global share. The other major markets are Oceania, Asia and North America. On analysing the competitive landscape, it is found that the key players are Lactalis, Fronterra, FrieslandCampina, and Savencia Fromage & Dairy.
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