The Asia Pacific Sodium Caseinate market is predicted to reach USD 10.76 billion in 2024 and USD 15.60 billion by 2029, growing at a CAGR of 7.72% during the forecast period.
In the past decade, there has been a rapid growth in demand for functional food and drink products mainly targeted to prevent the degradation of health or to enhance the overall well-being of consumers. Sodium caseinate is manufactured by mixing sodium compounds like sodium hydroxide with extracted casein. This mixture is then dried to prepare sodium caseinate powder. Of all the protein content in milk, over 80% is accounted for by the casein family. On exposure to heat, the casein proteins become stable and thus survive pasteurization. This way they retain their original nutritional value. Sodium caseinate finds a wide range of applications in confectionery and bakery products and meat products..Sodium caseinate has favorable stabilization and emulsification functions and acts as a viscosity booster. This is the primary driver of growth in this market and the increasing use of Sodium caseinate in ice creams, bread, biscuits, and other related products. Furthermore, the growing demand for bakery and confectionery products are anticipated to boost the demand for sodium caseinate, thereby driving the growth of the sodium caseinate market. Changing consumer lifestyles has risen dependency on processed, pre-cooked, and packed foods, which in turn is likely to fuel the demand for sodium caseinate over the aforementioned forecast period.
Sodium caseinate contains milk protein, which, in certain cases, is likely to cause an allergic reaction and is the primary hindrance of this market. Regulatory bodies like U.S. Food and Drug Administration (FDA) have strongly criticized the consumption of products with sodium caseinate by people with lactose sensitivity. All these factors are expected to inhibit the increase in use of sodium caseinate, thereby negatively impacting the Asia pacific sodium caseinate market over the aforementioned forecast period.
The food and beverage segment accounted for a 70.0% share of the Asia Pacific casein and caseinate market in 2014 and is expected to register healthy CAGR over the forecast period. Food and beverage are sub-segmented as nutritional food and beverage, infant nutrition, and dairy products. Nutritional food and beverage are further categorized as meal replacements, clinical nutrition and sports and slimming products.
By geography, the market is segmented into India, China, Korea, Japan and others. Asia Pacific is likely to witness a rapid growth in the global sodium caseinate market over the aforementioned forecast period. Growing demand for packed foods is in turn anticipated to drive the growth of sodium caseinate.
Erie Foods, Clover Fonterra Ingredients Proprietary Limited, Charotar Casein Company, Nutra Food Ingredients LLC, Farbest Brands, FrieslandCampina DMV, AMCO Proteins are some of the notable companies in the Asia Pacific Sodium Caseinate market.
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