The sodium caseinate market is poised to be valued at USD 5.1 billion in 2023. The sodium caseinate market is expected to reach USD 8.0 billion by 2033. The sodium caseinate market revenue will continue to expand at a moderate CAGR of 4.6%.
Rapid urbanization and changing lifestyles have led to increased consumption of processed and convenience foods, driving the demand for sodium caseinate in various regions.
Increasing use of sodium caseinate in the food and beverage industry as an additive, fat binder, emulsifier, and stabilizer is estimated to generate promising business prospects in the global sodium caseinate market during the forecast period of 2022 to 2033.
Ongoing research and development efforts by food ingredient companies have led to innovations in sodium caseinate formulations, making them more versatile and adaptable to different product categories.
Attributes | Key Insights |
---|---|
Sodium Caseinate Market Estimated Size in 2023 | USD 5.1 billion |
Projected Market Value in 2033 | USD 8.0 billion |
Value-based CAGR from 2023 to 2033 | 4.6% |
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A study by FMI found that an 8.4% CAGR was experienced between 2018 and 2022 in the sodium caseinate market. Global demand for sodium caseinate is predicted to increase at a CAGR of 4.6% from 2023 to 2033.
Sodium caseinate is a multifunctional food additive that has gained huge traction across various industries during the last few decades. It is being increasingly used as an emulsifier, thickener, and fat stabilizer due to its superior properties such as high nutritional value, excellent water holding capacity, and better emulsification & stabilizing nature. It can be used as a protein supplement due to its high amino acid content.
Increasing consumption of food and beverage products, cosmetics, pharmaceuticals, and several other chemicals is triggering the growth of the sodium caseinate market and the trend is likely to continue future.
Historical CAGR from 2018 to 2022 | 8.4% |
---|---|
Forecast CAGR from 2023 to 2033 | 4.6% |
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by the United States and Germany. Through 2033, these two countries will dominate the market, with a combined size of USD 4.1 billion and USD 3.9 billion.
Expected Market Values in 2033
Germany | USD 3.9 billion |
---|---|
India | USD 3.5 billion |
United States | USD 4.1 billion |
China | USD 3.7 billion |
United Kingdom | USD 3.8 billion |
Forecast CAGRs from 2023 to 2033
Germany | 4.3% |
---|---|
India | 4.0% |
United States | 4.5% |
China | 4.1% |
United Kingdom | 4.2% |
According to estimates, the United States will lead the market with USD 4.1 billion by the end of 2033 and a CAGR of 4.5%.
The United States will continue to dominate the North American sodium caseinate market during the forecast period owing to the increasing utilization of sodium caseinate in various end-use industries. the market growth in the country is spurred by the growing inclination to utilize fortified food products, the presence of heavy manufacturing industries.
Demand for sodium caseinate is increasing rapidly in United States, due to the higher consumption of packed and ready-to-eat food in the country as compared to that in other countries. The food and beverage segment is estimated to drive the demand for sodium caseinate in the United States during the forecast period.
The Unites States is one of the largest consumers of food additives in the world. Manufacturers in the country utilize an enormous amount of food additives to improve the quality of food products. Rising sales of frozen food products, bakeries, and dairy items are creating a huge demand for food additives and emulsifiers like sodium caseinate.
The growing trend of using protein-rich diets is gaining momentum in the country. People are consuming sodium caseinate food products for better weight management. Sodium caseinate-based protein supplements are gaining popularity among athletes.
Sodium Caseinate trends in China are taking a turn for the better. A 4.1% CAGR is forecast for the country from 2023 to 2033. By the end of this forecast period, China's sodium caseinate market is likely to total USD 3.7 billion.
A rapidly rising population, expanding food & beverage industry, the improving living standard of people, and the presence of some leading market players, drives the sodium caseinate market in China.
Food and beverage manufacturers in the country are continuously focusing on improving the quality of their products to cater to the changing consumer demands. They are using food additives like sodium caseinate to improve the nutritional value of their products and extend their shelf lives.
The Chinese government is playing a vital role in encouraging the adoption of safe and high-nutritional food additives. For instance, in 2015 the National Health and Family Planning Committee of China implemented the new National Food Safety Standard for Food Additive Use that includes sodium caseinate.
The increasing adoption of sodium caseinate in pharmaceutical and other chemical substances is anticipated to support the growth of the sodium caseinate market in the country.
Germany has emerged as one of the largest markets for cosmetic and personal care products. As per the Personal Care Association, the total retail sales of personal care and cosmetics products reached around 76.7 billion euros in 2020. Manufacturers are continuously utilizing sodium caseinate and other additives to enhance the texture and chemical stability of personal care and cosmetic products.
From 2023 to 2033, the sodium caseinate market in Germany is anticipated to rise at a 4.3% CAGR. By the end of the said forecast period, a valuation of USD 3.9 billion is expected.
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According to market forecasts, food grade is predicted to dominate until 2033, growing at a CAGR of 4.5%. The food additive application is expected to expand at a CAGR of 4.4% during the forecast period. The food and beverage end-use segment is anticipated to account for CAGR of 4.3%.
Category | CAGR from 2023 to 2033 |
---|---|
Food grade | 4.5% |
Food Additives | 4.4% |
Food & Beverage | 4.3% |
Based on product grade, the sodium caseinate market has been segmented into food grade and industrial grade. Among these two, the food-grade sodium caseinate segment accounts for the largest market share in 2022 and is projected to grow at a steady pace during the forecast period. The segment is expected to expand with a CAGR of 4.5% from 2023 to 2033.
Amid the expansion of the food & beverage industry and the growing trend of ready-to-eat food products, demand for food-grade sodium caseinate has been on the rise during the last couple of years.
Food manufacturers are increasingly using food-grade sodium caseinate to improve the quality of products. Rising consumption of food products fortified with sodium caseinate will continue to boost the sales of food-grade sodium caseinate and the trend is likely to continue in the future.
In terms of applications, the global sodium caseinate market has been segmented into food additives, emulsifiers, free-fat stabilizers, and others. Among these, the food additives segment accounts for the largest revenue share in 2022. A growth rate of 4.4% is projected from 2023 to 2033.
Sodium caseinate is one of the most commonly used food additives in the food & beverage industry due to its high protein content and safe nature. With growing consumer awareness, people are showing a keen interest in consuming high-nutritional foods.
As sodium caseinate contains a high number of amino acids, it has become a highly sought-after protein supplement by athletes and other professional gymnastics.
In terms of end-users, the global sodium caseinate market is segmented into food & beverages, pharmaceuticals, cosmetics, chemicals, and other industries. Among these, the food & beverages segment is expected to continue its dominance in the sodium caseinate market over the forecast period.
Sodium caseinate is being extensively used as a food additive in dairy products, ready-to-eat foods, beverages, bakeries, and several other food products due to its exceptional nutritional and stabilizing properties.
Increasing consumption of food and beverage products with high protein content across the world is anticipated to boost the growth of the sodium caseinate market during the assessment period.
The sodium caseinate market is highly competitive in nature with the majority of leading market players constantly introducing new products at affordable rates. They have adopted various organic and inorganic strategies such as mergers, partnerships, new product launches and collaborations, acquisitions, and the establishment of new production facilities to dominate the market.
Attributes | Details |
---|---|
Estimated Market Size in 2023 | USD 5.1 billion |
Projected Market Valuation in 2033 | USD 8.0 billion |
Value-based CAGR 2023 to 2033 | 4.6% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
Key Market Segments Covered | Product, Application, End User, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Israel Chemicals Ltd; AGROCOMPLEX Sp. z o.o.; Lactoprot Deutschland Gmbh; Erie Foods International Inc.; Charotar Casein Company; AMCO Proteins; Avani Food Products; Fonterra Co-operative Group; Ningxia Yimei Biotechnology Co., Ltd.; Gansu Hua'an Biotechnology Group. |
As of 2023, the market for sodium caseinate is expected to be valued at USD 5.1billion, as per FMI
By 2033, the market value of sodium caseinate is expected to reach USD 8.0 billion
From 2023 to 2033, sodium caseinate sales are expected to flourish at a CAGR of 4.6%
Based on product grade, the food grade segment is expected to account for a CAGR of 4.5% during the forecast period.
Based on the application, the food additives segment dominates the market with a CAGR of 4.4% during the forecast period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Grade 5.1. Food Grade 5.2. Industrial Grade 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Food Additives 6.2. Emulsifiers 6.3. Free Fat Stabilizers 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverages 7.1.1. Dairy Products 7.1.2. Bakery & Confectionery Products 7.1.3. Ready-to-Eat Food Products 7.1.4. Frozen Food Products 7.1.5. Others 7.2. Pharmaceuticals 7.3. Cosmetics 7.4. Chemicals 7.5. Other Industrial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Israel Chemicals Ltd 18.2. AGROCOMPLEX Sp. z o.o. 18.3. Lactoprot Deutschland Gmbh 18.4. Erie Foods International Inc. 18.5. Charotar Casein Company 18.6. AMCO Proteins 18.7. Avani Food Products 18.8. Fonterra Co-operative Group 18.9. Ningxia Yimei Biotechnology Co., Ltd. 18.10. Gansu Hua'an Biotechnology Group 19. Assumptions & Acronyms Used 20. Research Methodology
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