Casein & Derivatives Market Size, Share & Trends Analysis Report By Product (Edible Casein, Industrial Casein, Casein Derivatives: Sodium Caseinates, Calcium Caseinates), By Application, And Segment Forecasts, 2018 - 2025

Industry Insights

The global casein & derivatives market size was valued at USD 3.79 billion in 2016 on account of increasing demand for the product among working professionals and sports enthusiasts. The growing awareness regarding dietary supplements containing casein as an ingredient is anticipated to play a crucial role in the growth of the product.

The rapid increase in urbanization among emerging economies is expected to increase the inward migration of working professionals which is expected to propel the consumption of protein as a part of “on the go culture”. Factors such as changing lifestyle, rising adaptation rate among the growing middle class, socio-economic, and demographic shifts are expected to propel the demand for casein over the forecast period.

The global market expansion by leading dairy companies to have access to dairy & dairy product demand is expected to increase the number of production units worldwide. In addition, factors such as technological advancements in inducing anti-allergen properties in casein products are anticipated to increase acceptability among consumers.

Rising preference for protein and vitality bars, caffeinated drinks, dietary supplements, and multivitamins as well as weight lifting supplements is expected to promote market growth. Rising health ailments owing to hectic work schedules and the structural shift toward urban living is anticipated to drive consumers toward casein-related products.

The tendency of millennials to skip breakfast owing to the "on the go culture" is expected to trigger the product growth. Rapid urbanization, rising trend of spending, and growing concerns toward medical problems among consumers is anticipated to drive the market demand over the forecast period.

The U.S. casein exports are predicted to witness growth in the upcoming years owing to decreasing domestic consumption and shifting personal interests from casein proteins to plant-based proteins over the projected time frame. Whey protein as a substitute is expected to act as a barrier to growth, which will be compensated by casein implementation in ready-to-drink beverages globally.

Product Insights

Edible casein dominated the market, accounting for 37.6% of casein and derivatives market share in 2016. The product is used in the form of coffee whiteners, infant formulas, and processed cheese, as it possesses low content of fat and cholesterol. Edible casein finds its frequent application in the form of medical and nutritional byproducts.

The ability of the product to provide continuous nutrition which is highly adaptable among sports enthusiasts is expected to promote growth over the forecast period. The rising application of industrial caseins in the fields of paints, plastics, inks, and leather finishing is expected to promote the applicability of industrial casein over the next eight years.

The global demand for industrial casein is expected to witness a predicted CAGR of 6.9% in terms of volume over the forecast period. The increasing rate of infrastructure development is also likely to contribute to its demand as it provides a smooth, even, and leveled surface, possibly reducing the consumption of water by 25% and anticipating higher strength of the product.

The consumption pattern of products such as imitation cheese, processed meats, and pharmaceuticals is set to increase at a faster pace, which in turn is expected to directly trigger the application growth of casein derivatives over the forecast period.

Application Insights

The food & beverage sector dominated the market in terms of market share, accounting for 33.8% of the global demand in 2016. Rising health concerns among the growing middle-class population as well as the availability of variety in product segments that constitute casein as the main ingredient is expected to propel the product demand over the forecast period.

The pharmaceutical sector accounted for 19.1 % of global casein & derivative market volume in 2016. The predominant consumption of casein products in syrups and infant formulas is expected to gain a significant market share of casein over the next eight years.

Cosmetics is expected to be the third-largest application segment of casein with penetration in products such as hair care and skincare, accounting for a global market share of 11% by the end of 2025.

Regional Insights

The Asia Pacific accounted for 21.4% of the global casein & derivatives market in 2016. The emergence of China and India as a major product destination coupled with gains in the dairy expansion is expected to promote the usage of casein as a nutritional product over the projected period.

Increasing export of casein derived products to the Asia Pacific region on account of growing production in the EU and Oceania is expected to create immense market potential over the forecast period. The expansion of production units in Australia, New Zealand, and Germany to cater to the growing global demand is projected to introduce an innovative product portfolio over the forecast period.

North America is expected to witness a decline in growth over the forecast period owing to the shifting interest among millennials and adults from casein to plant and whey-based proteins. The projected growth is aided by the increasing number of consumers turning toward convenience and easy nutrition providing products, which gives manufacturers an opportunity to replace existing casein products with flavored milk and yogurt.

Casein & Derivatives Market Share Insights

The casein & derivative market is highly competitive in nature owing to the presence of large and small-scale manufacturers, especially in the U.S., China, and Japan. The market is dominated by various major participants including Nestlé, Fonterra, Lactalis, Arla Foods, and Danone.   

Key players rely on strategies such as mergers, acquisitions, and joint ventures in order to increase their presence in the market. They also focus on increasing their market share and profitability through product innovation and R&D activities. Industry rivalry is expected to be high over the forecast period with fluctuating raw material prices linked with crude oil resulting in major entry barriers for new participants.

In July 2016, BioFront technologies announced the launch of the ELISA kit comprising MonoTrace casein. The kit is designed to perform qualitative and quantitative detection of bovine casein, a milk allergen found in cow milk. The monoclonal antibody-based assay is likely to help in providing a highly sensitive and specific method for the quantification of bovine casein present in a variety of food materials derived from milk.

In March 2017, Lactips developed an edible plastic derived from milk casein. The product claims to possess a high rate of acceptability in intelligent packaging solutions for the food & beverage industry. The product is expected to have enormous potential in reducing pressure on landfill wastes thus making it more environmentally friendly and easily disposable.

Report Scope

Segments Covered in the Report:

This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2025. For the purpose of this study, Grand View Research has segmented the global casein & derivatives market on the basis of product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • Edible Casein

  • Industrial Casein

  • Casein Derivatives

    • Sodium Caseinates

    • Calcium Caseinates

    • Potassium Caseinates

• Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • Food & Beverages

  • Cosmetics

  • Pharmaceuticals

  • Paints & Coatings

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

    • India

    • New Zealand

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • South Africa