NEW YORK, Nov. 11, 2024 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global caseinates market is witnessing significant growth owing to the increasing demand for dairy protein in food supplements and wide application scope in the food & beverage industry. The report runs an in-depth analysis of market trends, key players, and future opportunities. The growing need for protein supplements from fitness enthusiasts and sportspersons, as well as the aging population, drives the demand for caseinates among supplement manufacturers.
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Overview of Report Findings
1. Market Growth: The caseinates market is expected to reach US$ 3.84
billion by 2031 from US$ 2.36 billion in 2023; it is anticipated to
record a CAGR of 6.3% from 2023 to 2031. Dairy proteins such as
caseinates are the building blocks of skin, bones, muscles, and blood.
The human body requires protein to produce enzymes, hormones, and other
body chemicals. Food supplements infused with dairy protein are used on a
large scale, owing to the rise in healthcare awareness among consumers.
Thus, they are shifting their focus to nutritious and healthful diets and
increasing their protein intake by consuming dietary supplements made
from dairy protein. The rising geriatric population boosts the demand for
food supplements infused with dairy protein due to its balanced
composition of essential amino acids.In recent years, consumers have
become highly conscious of their health and fitness due to the growing
prevalence of cardiovascular disorders and several other medical
conditions such as high blood pressure, diabetes, obesity, and high
cholesterol. As a result, the popularity of dietary supplements is rising
across the globe. In 2022, Ipsos European Public Affairs conducted a
survey on behalf of Food Supplements Europe in 14 EU member states. They
discovered that almost 9 in 10 European consumers had taken food
supplements in their lives, and nearly all of them had consumed
supplements in the past 12 months. Thus, the growing demand for dietary
supplements fuels the requirement for caseinates.
2. Innovations and Developments of Plant-Based Casein: The vegan population
has grown significantly over the past few years. According to Veganuary
(a nonprofit organization that encourages individuals worldwide to become
vegan for the entire month of January), in 2022, more than 620,000 people
registered for the Veganuary campaign, and the registrations increased by
200% in the last three years. The demand for dairy alternatives and
plant-based products has surged with the growing vegan population.
Manufacturers are offering plant-based dairy products such as cheese,
yogurt, and creams. However, the lack of dairy casein in the product
lacks certain aspects, such as stretchiness and reliability. Thus,
ingredient manufacturers are developing plant-based casein to meet
customer requirements. For instance, in September 2023, Pureture, a
US-based biotech company, launched a plant-based casein that can be used
for cheese and other dairy products. The researchers from Pureture used
proprietary technology and yeast-based, fully plant-based resources that
provide comparable functionality to milk and enhanced nutrition and
taste. New Culture, another US-based alternative protein company, created
a vegan or plant-based version of casein using precision fermentation
technology, which it uses to create vegan cheese that tastes like dairy
casein.
3. Rising Demand of Caseinates for Infant Nutrition: Breastfeeding is the
only recommended diet for infants during the first six months of life,
according to the World Health Organization (WHO). However, since there is
not always enough breast milk available, alternatives are becoming
crucial. Lactose, demineralized whey powder, casein and caseinates, and
whey protein concentrates are essential for standardizing infant food
because breast milk has less protein than cow's milk. Caseinates provide
a balanced and digestible source of nutrition for infants. Caseinates are
stable against heat treatment, making them an essential protein source in
infant nutrition products. Potassium caseinate and calcium caseinate act
as good protein and calcium sources in infant nutrition products.
4. Geographical Insights: In 2023, Europe led the market with a substantial
revenue share, followed by North America and Asia Pacific. Further, Asia
Pacific is expected to register the highest CAGR during the forecast
period.
Read full market research report, "Caseinates Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Sodium Caseinate, Calcium Caseinate, Potassium Caseinate, and Others), Application (Bakery and Confectionery; Dairy and Frozen Desserts; Beverages; Soups, Sauces, and Condiments; Infant Formula; Dietary Supplements; and Others), and Geography [https://www.theinsightpartners.com/reports/caseinates-market]", published by The Insight Partners.
Market Segmentation
-- Based on product type, the caseinates market is divided into sodium
caseinate, calcium caseinate, potassium caseinate, and others. The
sodium caseinate segment held the largest share of the market in 2023.
-- By application, the caseinates market is segmented into bakery &
confectionery, dairy & frozen desserts, beverages, soup, sauces, &
condiments, infant formula, dietary supplements, and others. The dietary
supplements segment accounted for the largest share of the market in
2023.
-- The caseinates market is segmented into five major regions: North
America, Europe, APAC, Middle East and Africa, and South and Central
America.
Competitive Strategy and Development
-- Key Players: Major companies operating in the caseinates market include
Polsero Sp Zoo, EPI Ingredients SAS, Royal FrieslandCampina NV, AMCO
Proteins, Fonterra Co-Operative Group Ltd, Agrocomplex SP Zoo, Milk
Specialties Global, Erie Foods International Inc, Armor Proteines SAS,
Glenstal Foods, Tatua Co-operative Dairy Co Ltd, Ornua Co-operative Ltd,
Lactoprot Deutschland GmbH, and Drytech Processes Pvt Ltd.
-- Trending Topics: Sodium caseinates, casein and caseinates, dairy
proteins, calcium caseinates, and casein hydrolysates
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Global Headlines on Caseinates
-- "Dairyx Makes Breakthrough Advancement in Cow-Free Casein "
-- "Newmoo Develops Liquid Casein for Animal-Free Cheese"
-- "Leprino Foods To Commercialize Animal-Free Casein"
Purchase Premium Copy of Global Caseinates Market Growth Report at: https://www.theinsightpartners.com/buy/TIPRE00011895/ [https://www.theinsightpartners.com/buy/TIPRE00011895/?utm_source=PRNewsWire&utm_medium=10370]
Conclusion
Caseinates are significantly used in various food and beverages such as bakery & confectioneries, dairy & frozen desserts, snacks, soups & sauces, dressings, functional beverages, etc., as an emulsifier, stabilizer, and thickener. Caseinates are also used in infant formulas due to their strong amino acid and protein content. In dietary supplements, caseinates promote muscle growth and recovery. Thus, the wide application scope of caseinates is propelling the market growth. Moreover, the rising awareness about health & nutrition among consumers is boosting the demand for caseinates.
The report from The Insight Partners, therefore, provides several stakeholders--including raw material suppliers, caseinates manufacturers, distributors/suppliers, and others--with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
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