At 5.5% CAGR, Europe Caseinates Market is Projected to be Worth US$ 1,247.51 million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe caseinates market was valued at US$ 815.52 million in 2023 and is expected to reach US$ 1,247.51 million by 2031, registering a CAGR of 5.5% from 2023 to 2031. Increasing use of caseinates in non-food applications and rising demand of caseinates for infant nutrition are among the critical factors attributed to drive the Europe caseinates market growth.

Caseinates are used in a wide range of non-food applications to alter their texture and chemical stability, including pharmaceuticals, cosmetics, personal hygiene products, and paper manufacturing. The emulsifying, viscosity-enhancing, and stabilizing properties of caseinates are driving their demand in non-food applications. Caseinates are employed as emulsifiers in various personal care products such as soaps, conditioners, shampoos, and moisturizers. It is used in hair shampoos and conditioners to make hair voluminous. It is anti-static, so it stabilizes any static condition hair comes across. It is used as protective in creams and lotions. Moreover, sodium caseinate can be used as an intermediate in pharmaceutical products. Casein in the form of caseinate is widely used as an adhesive for wood and paper coating. Casein has been widely used in paper manufacturing since the 80s as an alternative to glue as a coating adhesive. Thus, owing to various beneficial properties of caseinates, it is used in various non-food applications. There is a rising awareness about dairy protein such as caseinates in cosmetic and personal care industries. The personal care and cosmetic products manufacturers are offering products that include caseinates as an ingredient. Thus, the increasing use of caseinates in various non-food applications is expected to create lucrative opportunities for the caseinates market during the forecast period.

On the contrary, the innovations and developments of plant-based casein hampers the growth of Europe caseinates market.

Based on product type, the Europe caseinates market is segmented into sodium caseinate, calcium caseinate, potassium caseinate, and others. The sodium caseinate segment held 41.5% market share in 2023, amassing US$ 338.24 million. It is projected to garner US$ 527.01 million by 2031 to register 5.7% CAGR during 2023-2031.

In terms of application, the Europe 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 33.0% share of Europe caseinates market in 2023, amassing US$ 268.97 million. It is anticipated to garner US$ 402.81 million by 2031 to expand at 5.2% CAGR during 2023-2031.

Based on country, the Europe caseinates market is categorized into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 36.2% share of Europe caseinates market in 2023. It was assessed at US$ 295.06 million in 2023 and is likely to hit US$ 429.89 million by 2031, registering a CAGR of 4.8% during 2023-2031.

Key players operating in the Europe caseinates market are Royal FrieslandCampina NV, AMCO Proteins, Fonterra Co-Operative Group Ltd, Milk Specialties Global, Farbest Tallman Foods Corp, Erie Foods International Inc, Glenstal Foods, Tatua Co-Operative Dairy Co Ltd, Ornua Co-Operative Ltd, and Lactoprot Deutschland GmbH., among others.

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