Sodium Caseinate Market expected to be valued at USD $1 Bn during the forecast period 2021 to 2029
Sodium Caseinate Market expected to be valued at USD $1 Bn during the forecast period 2021 to 2029
Sodium Caseinate Market expected to be valued at USD $1 Bn during the forecast period 2021 to 2029
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Chemicals and Materials
August 2019
Report Id : REP-GB-2303
Published On : August-2019
Category : Chemicals and Materials
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Sodium Caseinate Market Analysis
Sodium Caseinate Market is Anticipated to Register at a Healthy CAGR of ~6% During the
Forecast Period 2019- 2029
VALLEY COTTAGE, New York, Aug. 21, 2019 /PRNewswire/ -- According to the latest research from Future
Market Insights (FMI), the worldwide sales of sodium caseinate will increase ~5% year-over-year to reach
~270 thousand tons in 2019, up from ~258 thousand tons in 2018.
FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~6% through to 2029,
driven by greater demand for functional or fortified foods along with the shift of high-protein trend from
niche to mainstream. The analyst finds that the sheer volume of bakery consumption in recent years has
largely contributed the increased sales of different types of protein, thereby potentially raising the
demand for sodium caseinate.
Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant
traction as a viable emulsifier or food additive in various sectors of F&B industry. However, the launch
of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding
the impact of food production, especially for animal-based products, on environment will represent a
potential threat for the market players.
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Sodium Caseinate Market Analysis
Sales of Food Grade Sodium Caseinate to Ramp up in 2019
According to the FMI analyst, the consumption of food grade sodium caseinate, especially for dairy,
frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the
market players, as the category accounted for three-fourth share of the market in 2018.
To tap into opportunities in different end-use industries, ranging from cosmetics to chemical,
manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is
likely to represent ~5% increase in sales in 2019.
"Sodium caseinate worth ~US$ 480 million were sold as food additive in 2018, while its application as
emulsifier is likely to result in increased market share in the foreseeable future," said the FMI analyst. "As
today's consumers move towards highly nutrient products which support weight management and
counteract the risk of obesity and other lifestyle diseases, F&B manufacturers are increasingly demanding
for sodium caseinate as an ideal fat free stabilizer for wide range of products.“
The global food industry no longer looks like its former self, as increased incomes, preferential shifts
towards health and wellness, and structural shift towards urban living have brought significant
transformation in recent years, according to the FMI analyst
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Sodium Caseinate Market Analysis
In 2018, the consumption of sodium caseinate by F&B industry accounted for ~70% sales, while the
application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2019 and
beyond. Considering the nature and excellent properties of the product including high degree of
emulsification, viscosity-enhancing, and foaming and gas retention, manufacturers are exploring the
application of sodium caseinate in chemical and other industrial products.
East Asia to Take Centre Stage in Sodium Caseinate Market
The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in
sodium caseinate market. Rising consumer interest in the benefits of high quality ingredients in various
food products is likely to offer greater opportunities for market players in East Asia. In 2018, the East
Asia market for sodium caseinate market accounted for ~26% revenue to share, and is expected to record
~6% y-o-y growth in 2019.
In the global scenario, the sodium caseinate market shows a high level of fragmentation, with a number
of global players collectively accounting for 20-25% share. The emergence of large number of local
consumers catering to domestic end users has resulted into contracted profit margins of the international
players. Establishing strong relationship to distribution channel partners and strengthening
manufacturing facilities continue to key focal points of the manufactures.
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Sodium Caseinate Market Analysis
Press-release Source - https://www.prnewswire.com/news-releases/sodium-caseinate-market-isestimated-to-grow-at-a-cagr-of-6-in-the-period-2019-to-2029--future-market-insights-300905037.html
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Period of 2019 and 2029
Polyurea Coating Sales to Record 9% CAGR Through 2029
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Sodium Caseinate Market Analysis
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