Sodium Caseinate Market Size Trends And Growth Analysis
Sodium Caseinate Market Size Trends And Growth Analysis
Blog Article
The sodium caseinate market has grown rapidly in recent years due to rising demand for dairy alternatives. As a protein additive derived from milk, sodium caseinate mimics attributes found in dairy like viscosity, emulsification, and water-binding capabilities. It is commonly used as an emulsifier or stabilizer in non-dairy beverages,creams, cheeses, and yogurt. Sodium caseinate provides a creamy mouthfeel and helps prevent liquid separation without compromising taste or texture. The growing vegan and vegetarian population has fueled interest in plant-based foods and drinks, driving increased usage of sodium caseinate.
The Global sodium caseinate Market is estimated to be valued at US$ 1.93 Billion in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the sodium caseinate market include AMCO Proteins, Erie Foods International Inc., Israel Chemicals Ltd., Armor Proteins, and Nutra Food Ingredients.
Growing demand: Rising health consciousness and flexitarian diets have boosted demand for dairy-free options stabilized with Sodium Caseinate Market Size Developing regions in Asia Pacific and Latin America are major contributors to growing caseinate consumption.
Global expansion: Major caseinate producers are investing in new production facilities and partnerships to capture expanding international demand. Amalgamated with acquisitions and joint ventures, market leaders aim to strengthen global supply chains and market share.
Market Key Trends
One Sodium Caseinate Companies is increasing usage in sports nutrition products. As a fast-dissolving, complete protein, sodium caseinate supports muscle growth and recovery. It is commonly added to protein powders, shakes, and bars targeted towards active consumers and athletes. Sports nutrition formulations stabilized with caseinate show improved mixability and shelf-life. The booming global sports nutrition industry will sustain high demand for sodium caseinate in coming years.
Porter's Analysis
Threat of new entrants: The threat of entry is moderate due to the initial capital required to set up manufacturing facilities. However, overall threat is low due to established distribution channels of existing players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of substitute products like whey protein concentrate and isolates.
Bargaining power of suppliers: Suppliers have moderate bargaining power owing to requirement of milk as the key raw material.
Threat of new substitutes: Threat of substitutes is moderate as there are alternative proteins available like whey protein concentrate and isolates.
Competitive rivalry: The competitive rivalry is high due to presence of numerous regional and global players offering price-based competition.
The geographical region where the sodium caseinate market is concentrated in terms of value is Asia Pacific. The region accounts for the largest share of the global sodium caseinate market owing to high production and consumption of dairy products. China is the largest producer and consumer of sodium caseinate in the world.
Europe is expected to be the fastest growing geographical region for the sodium caseinate market. The increasing demand for nutritious and high-protein food & beverages among consumers is driving the market growth. Furthermore, the rising use of sodium caseinate as a stabilizer, emulsifier and thickening agent in various end-use industries such as food & beverages, pharmaceutical and cosmetics is contributing to the market expansion.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191) Report this page