Key Takeaways from Analyst
The global casein and caseinate market are expected to witness steady growth over the forecast period driven by increasing demand from food and beverage industries. Casein finds wide application in food formulations owing to its functional properties such as gel formation, water binding and emulsion stabilization abilities. Emerging economies in Asia Pacific and Latin America offer lucrative opportunities for market players given rising health consciousness.
The market will be challenged by the availability of alternative proteins and rising veganism trend worldwide. Soy and pea proteins are gaining popularity as plant-based alternatives to casein. However, casein still holds an advantage over substitutes in certain applications due to its superior nutritional and textural properties. North America currently dominates global sales, but growth is expected to be higher in developing Asian countries led by China, India, and Southeast Asia.
Manufacturers must focus on expanding production capacities in these high growth regions to gain an edge. Additionally, the rapid growth of the prepared food industry bodes well for caseinates which are used widely as coagulants in dairy applications along with shelf-life extension.
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