Global Sodium Caseinate Market expands with the rising need for functional foods
Market overview:
The Global Sodium Caseinate Market was valued at USD x.xx million in 2019 and is projected to reach USD x.xx million by 2025, at a CAGR of x.xx% from 2019 to 2025. Sodium caseinate is a form of casein, a type of protein found in milk that has emulsifying properties. It contains a large amount of amino acids, carbohydrates and other essential elements. Sodium Caseinate is produced by mixing casein with sodium compounds such as sodium hydroxide or sodium carbonate. It is used as a protein supplement due to its high protein content. Increased awareness among people about functional and healthy foods is expected to drive the market for sodium caseinate.
Recent developments:
Lactoprot Deutschland GmbH acquired Arla Foods in order to expand its portfolio of food ingredient products in the German food industries.
Market Drivers and Restrains:
Sodium caseinate has better functionality and nutritional value than calcium caseinate. The growing demand for milk protein from various end-use industries is expected to drive the growth of the global sodium caseinate market. The national starch organization has launched a new animal-free emulsifier, which can serve as a fat encapsulation system for the food and beverage industry and replace ingredients of animal origin such as sodium caseinate. Capsul FP is a starch-based encapsulant, which acts as an alternative to sodium caseinate. Also, it is not derived from animals and is a better source of protein. Additionally, Capsul FP is free from the price fluctuation issues that affected sodium caseinate. Therefore, the strong threat from substitutes is expected to hamper the growth of the Sodium Caseinate market during the forecast period. The dairy industry is at a crossroads with growing economies, higher disposable income, and a growing middle-class population. Due to these factors, people are moving towards a modern lifestyle and therefore the demand for nutritional dairy products is constantly increasing, which is likely to promote the demand for sodium caseinate in future.
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Market Segmentation:
The global sodium caseinate market is segmented by grade, end-user, and application. By application, it is classified into food additives, emulsifiers, free fat stabilizers and others.
By grade, the global sodium caseinate market is divided into food and industrial.
By end-user, it is divided into food and beverages, pharmaceuticals, cosmetics, chemicals and others. The food and beverage segment accounted for 70.0% of this market and is expected to post a healthy CAGR over the forecast period. Food and drink are subdivided into nutritional food and drink, infant nutrition, and dairy products. Nutritional foods and beverages are further classified into meal replacements, clinical nutrition, and sports and weight loss products.
COVID-19 Impact on the Sodium Caseinate Market
The coronavirus pandemic threatens lives and livelihoods across the world. The sodium caseinate has witnessed a negative trajectory during this period, which is likely to augment in the post corona period.
Geographical Segmentation:
Asia-Pacific is the major market for sodium caseinate globally due to the expansion of the food and beverage industry. China and India are likely to contribute significantly to the expansion of the market in the region. North America and Europe are also expected to be large consumers of sodium caseinate due to high demand from the food industry in these regions. The demand for sodium caseinate is growing rapidly in North America, due to the higher consumption of packaged and ready-to-eat foods in the region, compared to other regions. The demand for sodium caseinate in Europe is supposed to increase at a slow pace during the outlook period, as the end-user industries in the region are mature and are expected to grow at a slow pace during the forecast period.
Key market players:
The main players in the market are AMCO Proteins, Erie Foods, FrieslandCampina DMV, Farbest Brands, Nutra Food Ingredients LLC, Charotar Casein Company, and Clover Fonterra Ingredients Proprietary Limited.
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