Sodium Caseinate MarketSize and Trends
Market Dynamics
Increasing demand for sodium caseinate in food and beverages industry is expected to be a major factor driving growth of the global sodium caseinate market over the forecast period, owing to the use of sodium caseinate, as food additives in ice-cream, meat, cheese, biscuits, and bread. For instance, according to the Ministry of Food Processing Industries (MOFPI), the total consumption of food and beverages in India was valued at US$ 369 billion in 2017 and is expected to increase to US$ 1.142 trillion by 2025.
- Among end-use industry, food and beverages segment held a significant market share in the sodium caseinate market across the globe in 2017 due to the increasing demand for food additives in dairy and functional foods. Sodium caseinate is used as nutritional supplements, thickener, and texture stabilizer in foods such as coffee creamer, yogurt drinks, cakes, ice cream, and seafood products. For instance, according to Coherent Market Insights, the global food additives market was valued at US$ 45.05 billion in 2016 and is expected to expand at a CAGR of 4.47% during forecast period.
- Asia Pacific is the fastest growing region in the global sodium caseinate market, owing to the government initiatives for safety standards of food and rising demand for sodium caseinate in emerging economies such as India and China. According to the United States Department of Agriculture (USDA), National Health and Family Planning Committee of China issued the National Food Safety Standard for Food Additive Use (GB2760-2014), which included sodium caseinate and was implemented on May 24, 2015.
- Europe held a significant market share in the global sodium caseinate market in 2017, owing to the rising demand for sodium caseinate in cosmetics and personal care products. Sodium caseinate (SO153) is a sodium salt of casein that is applicable in bath oils, tablets, and salts, and eye makeup products. For instance, according to the United States Department of Commerce, Germany cosmetic industry was valued at US$ 14.3 billion in 2016 and the natural cosmetic products segment in Germany has great opportunities for U.S. exporters with annual growth of 9%.
- North America held a significant market share in the global sodium caseinate market in 2017 due to increasing demand for confectionery products across the region. Sodium caseinate has strong hydrophilicity and emulsification properties that is used in meat and aquatic meat products to improve emulsion property. For instance, according to the United States Department of Agriculture (USDA), the top three U.S confectionery markets are Canada, Mexico, and South Korea. Canada accounted for 42%, followed by Mexico at 16%, and South Korea at 5% of total confectionery market.
