(MoneyNewsWire.Net, January 03, 2018 ) According to the report Global Casein Protein Market, published by Market Data Forecast, the Global market is projected to reach USD 4.72 billion by 2022, at a CAGR of 5.09% from 2017 to 2022.
Casein is a protein which is commonly found in mammal milk comprising of 80% of protein in cow milk and around 20%-45% of the proteins in human milk. It is a major component of the milk derivative products like cheese that is used as a food additive. Casein is rich in nutrition supplements like carbohydrates, vitamins and two essential elements like calcium and phosphorus. Rising people's awareness towards protein food is leading for the market growth of global casein protein worldwide.
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Global Casein Protein Market: Drivers & Restraints
Factors like rising demand for new functional foods in the market, increase in promotional activities, growing awareness about healthy foods, rise in promotional activities, increase in disposable incomes and growing demand for protein enriched foods are driving for the growth of the Global Casein Protein market.
However, increasing raw material and production costs, limited and unreliable supply, and decline in preference for low carbohydrate diets are hindering the market growth.
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Global Casein Protein Market: Segmentation
Food and Beverages
o Infant Nutrition
o Nutritional Food
Sports and Slimming Products
o Beverages and Dairy Products
o United States
o South Korea
o Rest of Latin America
Middle East & Africa
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Global Casein Protein Market: Overview
In application, the Food and Beverages segment is projected to have the largest share of the market in 2017 due to the growing awareness about health, new product innovations and technology advancements. In product segment, Industrial casein category is anticipated to account for the largest share of the market and edible casein have the fastest growing rate in the global market.
The Global Casein Protein Market is dominated by North America in 2017 with the region accounting for 34% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia Pacific region is expected to have the fastest growth rate during the forecast period due to the rising population and emerging economies like China and India.
Global Casein Protein Market: Key Players
The Global Casein Protein Market is highly competitive with a large number of players. Some of the major Companies are Nestlι S.A., Danone S.A., Arla Foods and Groupe Lactalis. Other companies operating in this market are Friesland Campina, Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
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