Casein & Casein Derivatives Market - Synopsis:

Casein is type of protein primarily obtained from different animal sources including cow milk, buffalo milk, sheep milk, and human milk. The processed forms of casein protein are known as casein derivatives and are used in various application industries owing to their functional benefits. The global casein & casein derivatives market is expected to garner a revenue of USD 6.5 Billion by 2024 and register a CAGR of 7% during the forecast period of 2019 to 2024. The market is expected to offer lucrative opportunities to the market players during the forecast period due to the increasing consumption of casein and casein derivatives in halal cosmetics and technological advancements. Manufacturers are infusing casein with protein derived from plant sources such as soy and pea, to enhance the nutritional benefits of the end products. In the Middle East markets such as Jordan, Iran, and Saudi Arabia, growth in the demand of halal cosmetics is paving the way for several profitable opportunities for the vendors active in the regional market.

Casein & Casein Derivatives Market - Segmentation:

Global Casein & Casein Derivatives Market Size can be classified into application, type, and geography.

On the basis of application, the global casein and casein derivatives market can be divided into food & beverages, industrial, and others.

On the basis of type, the global casein and casein derivatives market can be divided into casein, caseinates, casein hydrolysates, and others,

On the basis of geography, the global casein and casein derivatives market can be divided into North America, Europe, Asia-Pacific, and the rest of the world.

Casein & Casein Derivatives Market - Top Key Players:

The renowned players of the global casein and casein derivatives market are Armor Proteins (France), Charotar Casein Company (India), American Casein Company (US), Clarion Casein Ltd. (India), Westland Milk Products (New Zealand), Royal FrieslandCampina (Netherlands), Epi-ingrédients (France), Kerry Inc. (Ireland), Erie Foods International Inc (US), Lactoprot Deutschland GmbH (Germany), and a few more.

Regional Analysis:

The global casein and casein derivatives market is estimated to dominate the global market during the forecast period. However, the APAC region is anticipated to boom at the highest CAGR during the review period. The increased demand for casein and casein derived products in lucrative areas such as India, China, New Zealand, and Australia is estimated to be the most significant factor driving the regional market. The APAC region is estimated to acquire substantial market share and revenue. The North American market is estimated to witness increased adoption of veganism die, which is likely to impact the regional and as well as global market negatively. However, the demand for dairy-based protein is likely to enhance the regional market. The European market is projected to be a lucrative market owing to the presence of established players in the various countries of the region.

The global market is projected to show a variation in market trajectory owing to the explosion of COVID-19, affecting various regions adversely.

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