Sodium caseinate is a milk protein produced from skimmed milk by precipitation with lactic acid or acidification with GDL. It is off-white in color and has a bland taste. Sodium caseinate is soluble in water and forms a viscous solution. It is widely used as an emulsifier, stabilizer, thickener and texturizer in various food products. The solutions and dispersions of sodium caseinate are resistant to environmental factors such as temperature variations and mechanical stresses. Its advantages include versatility, high stability, easy processing, and functionality in low moisture foods. Owing to these properties, sodium caseinate finds applications in wide variety of food products including processed cheese, creamers and whiteners, dairy products, bakery products, functional beverages and nutritional formulations.
The global Sodium Caseinate Market is estimated to be valued at US$ 5.1 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the sodium caseinate market is the increasing demand from the food industry. Sodium caseinate is increasingly being used as an emulsifier and stabilizer in various convenience, processed and packaged food products. The rapid growth of the processed food industry especially in developing regions is fueling the demand for sodium caseinate. Another trend is the development of sodium caseinate products with customized functionality. Market players are focusing on offering sodium caseinate grades tailored for specific end-use applications to better suit the requirements of food manufacturers. This is expected to further support the sodium caseinate market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the market requires high initial investment and established distribution channels.
Bargaining power of buyers: The bargaining power of buyers is high as the market has numerous established buyers and purchasers can switch between various existing suppliers easily.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are a large number of suppliers in the market supplying raw materials required for production of sodium caseinate.
Threat of new substitutes: The threat of new substitutes is low as sodium caseinate has very few substitutes available that can provide the exact functional benefits.
Competitive rivalry: High
Key Takeaways
Global Sodium Caseinate Market Size is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing demand from food processing industry. The market size for 2023 is estimated to be US$ 5.1 Bn.
Regional analysis: North America dominates the global sodium caseinate market currently. The growth in the region can be attributed to strong demand from dairy and food processing industries. Asia Pacific is expected to be the fastest growing market over the forecast period owing to the expanding population and growth in food processing industry in countries like China and India.
Key players: Key players operating in the sodium caseinate market are Fonterra Co-operative Group Limited, Kerry Group plc, AMCO Proteins, and Erie Foods International, Inc. Fonterra captures around 25% market share in the global sodium caseinate market. Kerry Group and AMCO Proteins also hold prominent market positions with their wide product portfolio and global distribution network.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it