(Food-Beverage-News.Com, February 26, 2018 ) According to the report Asia Pacific Casein Protein Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 1.32 billion by 2022, at a CAGR of 5.54% from 2017 to 2022.
Casein is a protein. It’s most common source is mammalian milk. Cow milk has 80% casein while in human milk it varies between 20-40%. In milk they occur in the form of micelles. It is rich in calcium and phosphorus conjoined with essential amino acids and carbs. Artists often use paint made from casein as it is water soluble and a fast-drying medium. It was in commercial usage before acrylic paint came into the market. It is also utilized in the manufacture of cheese by the process of coagulation.
Asia Pacific Casein Protein Market: Drivers & Restraints Advent of new and improved functional foods in the market, paradigm shift towards healthier lifestyle choices, increasing promotional activities, increasing purchasing power of the consumers due to the rising disposable incomes in the emerging economies, are the primary drivers of market growth. Volatility in supply and risk of unpredictability in market behaviour, rising cost of production and costly raw materials, and shunning of low carbs food by the consumers are the primary restraints of the market.
Asia Pacific Casein Protein Market: Segmentation By Application • Food and Beverages o Infant Nutrition o Nutritional Food Clinical Nutrition Meal Replacements Sports and Slimming Products o Beverages and Dairy Products o Consumables o Software o Services By Product • Industrial Casein • Edible Casein By Geography • Asia-Pacific o China o India o Japan o Australia o South Korea
Asia Pacific Casein Protein Market: Overview If we go by application, then food and beverages market sub-segment is the market leader and is expected to remain so in the aforementioned forecast period. In 2017, by product industrial casein is the market leader capturing the largest market share and is expected to remain so in the aforementioned forecast period.
It is the third largest market if we go by market share. It is predicted to be the fastest growing market in the forecast period. Advent of new products in the market and rising purchasing power due to greater disposable incomes are driving demand in the emerging economies of India and China which are reasons attributable to the observable trend mentioned above.
Asia Pacific Casein Protein Market: Key Players Key players in the market include Nestlé S.A., Danone S.A., Arla Foods and Groupe Lactalis, Friesland Campina. Other players in the market include Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
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