At 7.2% CAGR, Asia Pacific Caseinates Market is Projected to be Worth US$ 1,052.78 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific caseinates market was valued at US$ 601.59 million in 2023 and is expected to reach US$ 1,052.78 million by 2031, registering a CAGR of 7.2% from 2023 to 2031. Wide application scope of caseinates in the food & beverage industry and increasing demand for dairy protein in food supplements are among the critical factors attributed to drive the Asia Pacific caseinates market growth.

In the food & beverage industry, caseinates are used as functional ingredients in bakery & confectionery products, frozen desserts, dairy products, soups and sauces, dressings, beverages, and others. In the bakery & confectionery industry, caseinates are used in biscuits and cookies, cake mixes, bread, pastries, doughnuts, chocolates, candies, and nutritional bars. It helps in enhancing the texture and mouthfeel of these products. Similarly, in the dairy and frozen dessert segments, caseinates are widely used in cheese, yogurt, coffee creamer, whipped topping, ice cream, etc. They enhance fat and water binding capacity in cheese, improve texture and stretch, and increase the ability to melt. In ice cream, it is used as a stabilizer. With the growing consumption of packaged ready-to-eat bakery products, dairy products, and confectioneries, the demand for caseinates is increasing across the food & beverage manufacturers owing to its functional benefits. Consumers are more concerned about healthy eating habits; thus, demand for functional food and beverages is increasing worldwide. Caseinate is a rich source of proteins and can also be used for protein fortification of bakery products. Manufacturers are launching products infused with caseinates. It enhances the protein and amino acid content in the end products. Protein-rich products are significantly at the top of consumer health and nutrition trends. In the beverages segment, the consumption of ready-to-drink protein shakes and nutritional and sports drinks is increasing globally. Caseinates increase the viscosity of beverages and enhance the mouthfeel. It boosts the amino acid profile and acts as a stabilizer and emulsifier in beverages. Potassium caseinate is widely used in juices and winemaking to help prevent oxidation, and also for the removal of oxidized phenolic components.

Thus, wide application scope of caseinates in the food & beverage industry propels the caseinates market.

On the contrary, the innovations and developments of plant-based casein hamper the growth of Asia Pacific caseinates market.

Based on product type, the Asia Pacific caseinates market is segmented into sodium caseinate, calcium caseinate, potassium caseinate, and others. The sodium caseinate segment held 43.6% market share in 2023, amassing US$ 262.21 million. It is projected to garner US$ 466.97 million by 2031 to register 7.5% CAGR during 2023-2031.

In terms of application, the Asia Pacific caseinates market is categorized into bakery & confectionery, dairy & frozen desserts, beverages, soups, sauces, and condiments, infant formula, dietary supplements, and others. The dietary supplements segment held 32.1% share of Asia Pacific caseinates market in 2023, amassing US$ 193.21 million. It is anticipated to garner US$ 333.36 million by 2031 to expand at 7.1% CAGR during 2023-2031.

Based on country, the Asia Pacific caseinates market is categorized into Australia, China, India, Japan, South Korea , and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 31.6% share of Asia Pacific caseinates market in 2023. It was assessed at US$ 189.80 million in 2023 and is likely to hit US$ 306.78 million by 2031, registering a CAGR of 6.2% during 2023-2031.

Key players operating in the Asia Pacific caseinates market are Royal FrieslandCampina NV, AMCO Proteins, Fonterra Co-Operative Group Ltd, Erie Foods International Inc, Glenstal Foods, Tatua Co-Operative Dairy Co Ltd, Ornua Co-Operative Ltd, Lactoprot Deutschland GmbH, Drytech Processes Pvt Ltd., among others.

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