DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3n93wm/global_market) has announced the addition of the "Global Market Study on Casein and Caseinate: Industrial Casein to be the Largest Sub-segment by 2025" report to their offering.
The global casein and caseinate market is anticipated to expand at a CAGR of 4.7% during the forecast period
Growth of the global casein and caseinate market is mainly driven by rising health awareness and new functional food product launches, growing disposable income, increasing promotional activities and growing technological advancements in casein and caseinate extraction techniques. Casein and caseinate are used as a binding agent in non-food industries such as in pharmaceuticals, cosmetics, textile manufacturing and others.
The global casein and caseinate market is segmented on the basis of types and application. Casein is segmented as edible casein and industrial casein. While caseinate is segmented as sodium, calcium and potassium caseinate. Out of this sodium, caseinate sub-segment accounted for over 45% of the global caseinate market share in 2014.
On the basis of application type, the market has been segmented into food and beverage, industrial, pharmaceutical, cosmetics and other. The food and beverage segment accounted for 70.0% share of the global casein and caseinate market in 2014 and is expected to register healthy CAGR over the forecast period. Food and beverage are sub-segmented as nutritional food and beverage, infant nutrition, and dairy products. Nutritional food and beverage are further categorized as meal replacements, clinical nutrition and sports and slimming products.
The global casein and caseinate market has been segmented into seven major regions, which include North America, Latin America, Rest of Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa. Of all the regions, North America dominated with over 30% share of the overall casein and caseinate market in 2014. Western Europe ranked second with over 25% market share in 2014, followed by APEJ. In addition, Asia Pacific is anticipated to be the fastest growing region in the casein and caseinate market over the forecast period.
Key players included in the report are Nestlé S.A., Danone S.A., Arla Foods and Groupe Lactalis. FrieslandCampina, Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
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