Caseinates Market Growth Share Analysis Forecast Report 2019-2024
Posted by Shiva on October 9th, 2019
Caseinates are the soluble salt acid version of caseins and are composed of amino acids as well and have excellent nutritional properties. They mainly find applications as an emulsifying and thickening agent and are considered to be highly functional proteins. The three main types are sodium, potassium and calcium caseinates. Global Caseinates Market was worth USD XX.XX million in 2018 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX million by 2023. Caseins are defined as the proteins that are found in the milk of all mammals which include cows, sheep, goat, yak and such four legged critters. Casein is a highly functional class of protein and is suitable for various food applications. Their composition is mainly amino acids and have a protein content of at least 90%.
Market Drivers and Restraints:
The growth of the caseinate market is mainly driven by increasing health awareness among consumers and introduction of new functional food products, rise in the disposable income, increasing promotional activities and growing technological advancements in casein and caseinate extraction methods and processing. As for the restraints, the still inherent tendency of consumers to not try a product based on an unfamiliar product is the main drawback.
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Report segmented as
By Product Type:
Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Caseinates Market is dominated by North America in 2018 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.
Important Market Players:
The Caseinates market is highly competitive with a large number of players. Key market players dominating the market with their products are Nestlé S.A., Danone S.A., Arla Foods, Groupe Lactalis, FrieslandCampina, Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the AuthorShiva
Joined: June 11th, 2019
Articles Posted: 88
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