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Acid Casein Market Overview
The Acid Casein
Market size is estimated to reach US$3.9 billion by 2027, after growing at a CAGR of 4.8% during 2022-2027. Acid Casein is a milk
protein produced by the controlled acidification of pure, pasteurized skim milk at a pH4.6 with different functional
properties. The edible acid
casein finds its application in food and non-food products
such as cheese, dairy fats, milk powder, medical nutrition, milk protein powders, biscuits,
drinks, paper and cardboard coating, leather tanning, adhesives and many more.
The rise in the growth of food & non-food products would surge the acid casein industry. According to the
National Milk producer’s federation, the total production of cheese in the US
was around 3,319 million pounds between March and May 2022, an increase of 5% as
compared to the same period of 2021. Therefore,
the rise in dairy products would increase the demand for acid casein and, in turn, would boost the Acid Casein market size.
Acid Casein Market Report Coverage
The “Acid Casein
Market Report – Forecast (2022 - 2027)” by IndustryARC, covers an in-depth
analysis of the following segments in the Acid Casein industry.
By Grade: Food Grade, Pharma
Grade and Technical Grade.
By Application: Cheese, Dairy Fats, Milk Powder, Medical Nutrition,
Proteins Powders, Biscuits, Drinks, Paper & Cardboard Coating, Leather
Tanning, Adhesives, Plastics and Others.
By End-use
Industry: Food & Beverages,
Paint & Coatings, Manufacturing, Healthcare, Beauty & Personal Care and
Others.
By
Geography: North America (the
USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands,
Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea,
Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South
America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of
the World: the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and
Africa (South Africa, Nigeria and the Rest of Africa).
Key Takeaways
- The Asia-Pacific region dominates the Acid Casein Market share with a
CAGR of 6.1% during the forecast period
(2022-2027), owing to the rising growth in the beauty & personal care and food &
beverages sectors in various countries such as China, India, Japan and South
Korea.
- Increasing demand for edible acid casein for various
applications such as cheese, dairy fats, milk powder, medical nutrition, milk
protein powders, biscuits, drinks, paper, cardboard coating, leather
tanning, adhesives and plastics production is driving Acid Casein market growth.
- The rise in the cosmetic sector would eventually boost the demand for Acid Casein for the production of various
cosmetics products, consequently driving Acid Casein market growth and incrementing the revenue
output.
- A
detailed analysis of strengths, weaknesses, opportunities and threats would be
provided in the Acid Casein market report.
Figure: Asia-Pacific Acid Casein Market Revenue, 2021-2027 (US$ Billion)
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Acid Casein Market Segment Analysis – by Grade
The food grade segment held
a significant share of the Acid Casein Market in 2021 and is expected to grow at a CAGR of 5.6% during 2022-2027. The food-grade acid casein plays a valuable role in
aiding the efficient supply of nutrients and has a remarkably wide variety of applications.
The food-grade edible acid casein is widely used in
the production of cheese, dairy fats, milk powder, medical nutrition, milk protein powders, biscuits,
drinks and many other products, owing to properties like being low in flavor, rich in amino acids and supporting
nutrition. The
rise in the production of the food & beverages industry would eventually
drive the acid casein industry. As per International Trade
Administration, the food processing industry of Peru represents over 28% of the
industrial GDP. Also, 3,000 food processing companies in Peru represent 22% of
the Economically Active Population (EAP) occupied in the manufacturing sector
and 2% of the national occupied EAP. Thus, with the rise in the food processing sector globally, the
demand for food-grade
acid casein would increase and boost the Acid Casein market size during the
forecast period.
Acid Casein Market Segment Analysis – by End-use Industry
The food &
beverages industry held a significant share of 32% in the Acid Casein market in 2021 and is
anticipated to grow at a significant CAGR during the forecast period 2022-2027.
In the food & beverages sector, edible acid casein can be used as a thickener,
emulsifier, nutritional supplement and texture stabilizer for various food
products such as cream-based soups, cheese, drinks, pudding and custard. The rise in growth of the food & beverages
sector would eventually drive the acid casein industry. As per Statistics
Canada and FCC Economics, the food manufacturing sales in Canada increased by
14.8% to US$125 billion in 2021 and are projected
to increase by 7.4% in 2022. Such growth in the food & beverages sector globally
is expected to bolster the requirement for acid casein which would propel the growth of the Acid Casein market size during the forecast period.
Acid Casein Market Segment Analysis – by Geography
Asia-Pacific region dominated the Acid Casein Market with a share of 38% in 2021, owing to the rising food & beverages, pharmaceutical, manufacturing and beauty & personal care industries in the region. As per China Corporation, China is the world’s largest consumer market for food and beverages with an annual growth of around 15% in 2021, generating a revenue of more than US$98 billion. The cosmetics retail sales value of China increased to US$52.3 billion in 2020, making it the world’s second-largest beauty and personal care product market after the United States as per International Trade Association. Furthermore, according to the National Restaurant Association of India (NRAI), the food and beverages industry accounts for around 3% of India’s GDP.
Acid Casein Market drivers
The rise in demand for bakery and confectionery products:
The rise in demand for bakery and confectionary products would be a prominent factor driving the Acid Casein market. The edible acid casein is widely used in the production of powder, which is then used in the production of ice cream, bakery goods (cakes, biscuits), chocolate flavoring, infant formula, yogurt, drinks and processed meat. According to CEBP, a national Bakery and Confectionary Association of Europe, there are more than 190,000 small and medium-sized enterprises of bakeries & confectionaries in the European Union. Thus, with the presence of bakery & confectionary enterprises, the demand for acid casein would eventually increase during the forecast period. Furthermore, the rise in the preference for cakes and pastries globally in various events such as birthday celebrations, anniversary celebrations and others, owing to their availability at affordable prices, is contributing to the market's growth.
The growing cosmetics sector:
Acid Casein is widely used as a hair-conditioning agent and skin-conditioning
agent in cosmetics and personal care products. The vast majority of consumers
use cosmetic and personal care products every day to protect their health,
enhance their well-being and boost their self-esteem. Cosmetics play an
essential role in all stages of our life ranging from fragrances, antiperspirants,
make-up and shampoos to soaps, sunscreens and toothpaste. They have important
functional & emotional benefits. The rise in the growth of the cosmetics
sector would eventually drive the acid casein industry in the forecast period.
According to Cosmetics Europe, the cosmetics and personal care industry added a value of around €29 billion (US$29.56 billion) to the European economy
annually. Also, as per International Trade Association, Mexico is ranked among the
top 10 markets in the world for cosmetics and personal care products and it
continues to be the second-largest market for beauty products in Latin America.
Thus, the rise in the growth of the cosmetic sector would drive the demand for
the Acid Casein market during the forecast period.
Acid Casein Market Challenge
Growing demand for plant-based products:
Growing demand for plant-based products such as soy, rice and almond protein and the low cost of plant-based dairy protein products restrict the usage of acid casein-based products such as cheese, dairy fats, milk powder, medical nutrition, milk proteins powders and many more. Also, stringent regulations regarding acid casein protein usage hinder the market growth. Moreover, the higher price of acid casein products as compared to plant-based products would hamper the Acid Casein market during the forecast period.
Acid Casein Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies players adopt in the Acid Casein Markets. The top 10 companies in the Acid Casein market are:
1. Rovita
2. Nutra Food Ingredients
3. NZMP
4. The Milky Whey
5. Arla Foods
6. Groupe Lactalis
7. Friesland Campina
8. Fonterra
9. Westland Milk Products
10. Erie Foods
Recent Development:
- In April 2021, Biocatalysts Ltd., launched the new enzyme Promod 517MDP (P517MDP), extending their range of Kosher and Halal certified enzymes, specifically targeting the dairy protein market. Infant Formula P517MDP is a highly efficient exopeptidase that achieves >40% degree of hydrolysis in casein protein.
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