Casein and Casein Derivatives Market Supply-Demand, Industry Research and End User Analysis to 2024

16/dic/2019 13:38:49 suraj taur Contatta l'autore

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Casein and Casein Derivatives Market Insight

Market Research Future (MRFR) announces the publication of its research report Global Casein and Casein Derivatives Market, 2017–2024. Casein is a protein derived from mammalian milk and the processed form of casein protein is referred to as casein derivatives. The global casein & casein derivatives market is projected to register a notable growth rate of 7% from 2019 to 2024 to reach a market value of USD 6.5 billion by the end of 2024. It is a perfect competition market due to the presence of numerous vendors and customers active in the global casein and derivatives market. Thus, being a fragmented market, there is stiff market competition among manufacturers of casein & derivatives based on product quality, availability, and price.

Availability of low-priced casein substitutes such as plant-based proteins and the growing adoption of veganism are amongst the major challenges being faced by the market players. Hence, market players are investing heavily in their research and development activities to launch new, inexpensive, and innovative products such as casein supplements, casein protein food products, and casein protein powder. Moreover, they are focusing on mergers, partnerships, joint ventures, and expansions to survive in such a competitive market. 

Key Players

Some of the key players in the Global Casein and Casein Derivatives Market are Erie Foods International Inc (US), Armor Proteines (France), Charotar Casein Company (India), Kerry Inc. (Ireland), Epi-ingrédients (France), Charotar Casein Company (India), American Casein Company (US), Royal FrieslandCampina (Netherlands), Westland Milk Products (New Zealand), Lactoprot Deutschland GmbH (Germany), and Clarion Casein Ltd. (India).

Casein and Casein Derivatives Market Regional Analysis

The global casein & casein derivatives market has been segmented, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.

The European market is projected to dominate the global casein & casein derivatives market during the research period owing to the rising awareness among consumers regarding adult and infant health. The surging demand for functional food & beverages in the region is also expected to catalyse the growth of the regional market. Moreover, the presence of prominent manufacturers of casein and casein derivatives in Europe is yet another determinant driving the growth of the European casein & casein derivatives market.

The market in Asia-Pacific is expected to exhibit the highest growth rate during the forecast period of 2019-2024 owing to the increasing expansion of market players in the Asia-Pacific markets including China, India, Australia, and New Zealand. Additionally, the growth of application industries such as dairy, functional foods & beverages, cosmetics, pharmaceuticals, and paints is also a crucial factor boosting the demand of casein and casein derivatives in the region.

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Casein and Casein Derivatives Market Segment

The global Casein and Casein Derivatives Market has further been segmented by type and application.

By type, the global casein & casein derivatives market has been classified as casein, caseinates, casein hydrolysates, and others. The casein segment is accounted for the largest revenue share in 2018. However, the caseinates segment is expected to register the highest growth rate during the forecast period.

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