Casein & Derivatives Market - Forecast(2023 - 2028)

Casein & Derivatives Market Overview

The Casein & Derivatives Market size is estimated to reach $5.9 billion by 2027. Furthermore, it is poised to grow at a CAGR of 4.1% over the forecast period of 2022-2027. Casein and derivatives are milk proteins derived from the milk of mammals like cows, sheep, humans, buffalo, and others. It is utilised as a binding agent in a variety of foods. With its high protein content and thickening agent feature, it has a variety of health benefits. Casein is used in a range of industries, including the food, paint, cosmetics, and pharmaceutical industries. Rennet casein is used in making cheese and is key to separate milk into liquid or whey. Increased demand from the food and beverage sector due to nutritional benefits, rising health consciousness among consumers, and growing urbanisation coupled with consumers depending more on ready-to-eat food items are the reasons driving this market's growth. However, the rise in the number of people suffering from lactose intolerance around the world, as well as concerns about the severe negative effects of consuming large amounts of casein on people's health, are major restraints that will continue to challenge the casein & derivatives market in the forecast period 2022-2027.

Report Coverage

The report: “Casein & Derivatives Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Casein & Derivatives Market.

By Product Type – Edible Casein, Industrial Casein and Casein Derivatives.

By Application- Food & Beverages, Cosmetics, Pharmaceuticals, Paints & Coatings and Others.

By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, North America accounted for the greatest market share of more than 36.55%, owing to the presence of large dominant players in the region including Amco Proteins, Erie and Friesland Campina. Casein exports from the U.S. are estimated to increase in the coming years, owing to lower local consumption and a shift in personal preferences from casein proteins to plant-based proteins over the forecasted time frame. Owing to these factors, the region shall provide opportune favouring’s to the market.
• The robust growth in the food and beverages sectors is driving the Casein & Derivatives Market. The market is poised to grow as a result of the growing demand for sports supplements coupled with the rising use of casein in bakery and confectionary products. However, the rise in the number of people suffering from lactose intolerance around the world, as well as concerns about the severe negative effects of consuming large amounts of casein on people's health, are major restraints that will continue to challenge the casein & derivatives market.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Casein and Derivatives Market Report.
  

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Casein & Derivatives Market Segmentation Analysis-By Product Type

The Casein & Derivatives market based on product type can be further segmented into Edible Casein, Industrial Casein and Casein Derivatives. Edible Casein dominated the market in 2021, as it is an essential component of milk that aids in immunity development, is very nutritious, and contains all of the essential amino acids. It is widely utilised in various food preparations and as a binding agent. Furthermore, Milkfood Limited produces Edible Acid Casein, a low-fat, carbohydrate-free milk protein. It has a pleasant taste and excellent dietary qualities, making it perfect for medical and nutritional use. Furthermore, it is utilised in a variety of culinary goods such as analogous cheese, coffee whiteners, whipped toppings, bakery products, ice cream and frozen desserts, confectionary, milk substitute in processed foods, noodles, chocolates, and sweets, resulting in a surge in demand.

However, industrial Casein is estimated to be the fastest-growing, with a CAGR of 4.9% over the forecast period of 2022-2027 as the development of infrastructure has progressed. This industry is growing because industrial casein produces flat, smooth, and levelled surfaces while also reducing water use. In addition, industrial casein is a valuable raw ingredient utilised in a range of industries, such as a paint binder, plywood glue, etching photoresist, and the creation of adhesives, putty, textile finishes, and block stains for leather. During the forecast period 2022-2027, these are the main benefits driving the Casein and Derivatives market.

Casein & Derivatives Market Segmentation Analysis-By Application

The Casein & Derivatives market based on application can be further segmented into Food & Beverages, Cosmetics, Pharmaceuticals, Paints & Coatings and Others. Owing to increasing demand for sports supplements and increased usage of casein in bakery and confectionary products, the Food and Beverage section of the casein and derivatives market is predicted to be one of the fastest expanding areas in 2021. Furthermore, along with its capacity to improve muscle mass and strength, whey protein is regarded as one of the most significant and effective supplements in sports nutrition. AC-110F, a 110-mesh acid casein prepared by acidification of pasteurised skim milk, is also available from AMOC protein. Because of its good amino acid profile, low fat, and low lactose content, this product has a high nutritional value. Furthermore, increased demand for convenience food goods and beverages, which save customers time and effort despite the busy schedules, is driving growth. In totality around 3.5 billion people are enrolled as active labour force.

However, pharmaceuticals is estimated to be the fastest-growing, with a CAGR of 5.1% over the forecast period of 2022-2027. It is owing to the usage of casein products in syrups and infant formulae is increasing, implying a high growth rate in the future. In addition, caseins and derivatives are used to improve pharmaceutical product stability, uniformity, solubility, and flavour character. Sodium or calcium caseinates are the most commonly utilised derivatives for this purpose, as they have a milder flavour than other derivatives. Caseins can be used as a direct replacement for whole milk powder (WMP) in a variety of formulations, including chewable tablets, due to their similar properties, such as a high lactose content that aids tablet disintegration and a high fat content that allows for a slow release into the bloodstream. For the projected period, all of these factors are anticipated to enhance the pharmaceutical industry.

Casein & Derivatives Market Segmentation Analysis-By Geography

The Casein & Derivatives market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 35% in the year 2021 owing to the presence of significant companies operating such as Amco Proteins, Erie, and Friesland Campina in the region Significant role in the development of casein's nutritional benefits, as well as increased demand for flavoured drinks and beverages in this region, have aided the regional market's expansion.

Moreover, the expected expansion is assisted by consumers' growing preference for convenience and quick nutrition, which allows manufacturers to replace existing casein products with flavoured milk and yoghurt. However, the shifting interest among millennials and adults in U.S. from casein to plant and whey-based proteins is to show decline in its growth.

Casein & Derivatives Market Drivers  

The high demand for bakery and confectionery products drive the market

During the projected period 2022-2027, rising demand for bakery and confectionary products would be a prominent factor driving the Casein & Derivatives Market. Dairy Australia also sells Food Grade whey powder, which is used in the production of ice cream, bakery goods (cakes, biscuits), chocolate flavouring, infant formula, yoghurt, drinks, and processed meat. As per CEBP, which represents national Bakery and Confectionary Association shows that there are more than 190,000 small and medium-sized enterprises, while also employing more than 2 million Employees. Furthermore, due to the widespread acceptance of cakes and pastries at accessible rates at celebration events and home occasions, there is a demand for cakes and pastries at affordable prices, which is adding to the market's growth.

The rising consumer awareness of the nutritional benefits of casein and derivatives cater to the market growth.

A prominent driver driving the Casein and Derivatives market during the projected period 2022-2027 is growing consumer awareness of the nutritional benefits of casein and derivatives. Furthermore, the increasing use of casein in a variety of culinary industries and industrial sectors is fueling market expansion. Besides that, rising health issues as a result of demanding work schedules and the structural change toward urban living are expected to fuel demand for casein-related products. Also, because of the "on-the-go mentality," millennia’s have a tendency to miss breakfast, which is projected to drive product growth. As per a recent survey, only 47% of the Americans eat breakfast daily, while 53% skip breakfast at least once every week. Moreover, 12% never eat breakfast. The following shows the dependence on products such as casein and its derivatives.  Over the projected period, rapid urbanisation, rising spending trends, and rising consumer concerns about medical problems are projected to spur market demand.

Casein & Derivatives Market Challenges

Presence of substitutes such as whey protein, soy, etc. are impeding the market growth.

Alternatives to Casein and Derivatives such as whey protein, soy, rice, potato-based milk, and almond protein are some of the factors that may limit the growth of the Casein & Derivatives Market. Furthermore, they are less expensive than Casein and Derivatives and aid in the prevention of diabetes and high blood pressure, which will act as a headwind for the Casein and Derivatives market during the projected period 2022-2027. Additionally, as high as 68% of the global population suffer from more than one form lactose intolerance, which further impedes the overall market growth.  

Casein and Derivatives Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Casein & Derivatives Market. Casein and Derivatives top 10 companies include:

1. Amco Proteins
2. Arla Foods AMBA
3. Armor Proteins
4. Bhole Baba Dairy Industries Ltd
5. Charotar Casein Company
6. Clarion Casein Ltd.
7. Dilac SA
8. Erie Foods international Inc.
9. Fonterra
10. Kerry Ingredients

Recent Developments

• In August 2020 Arla Foods Ingredients launched the first ever organic micellar casein isolate, helping manufacturers meet demand for organic, natural, and functional protein products. Micellar casein isolate is a new ingredient that is rich in native milk proteins. It is extracted from milk using gentle processing without the addition of acids. The protein maintains its chemical structure, allowing the creation of products that are as close to nature as possible.
• In February 2021, Lactalis has launched “pure” micellar casein. The following product is minimally processed, and also offers a high protein and amino acid profile. The process for extraction is “cold-filtration.” By following the said process, protein is kept in its purest form and is also very close to the natural structure of the milk-whereby preserving the overall nutritional value. The micellar casein content is close to 90%, as and when compared to 80% of the conventional milk.

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