The Rise in Demand for Food Supplements & Cosmetics is Driving the Acid Casein Market

The Acid Casein Market size is projected to reach US$3.9 billion by 2027, after growing at a CAGR of 4.8% during 2022-2027. Acid Casein is a milk protein produced by pasteurized skim milk at a pH4.6 with various functional properties. The rise in demand for edible acid casein for food supplements and others is rising the market growth. As per the survey of food Supplements Europe 2022, almost 9 to 10 people use food supplements in the European Union. Also, the growing application sector of acid casein for paper & cardboard coating, leather tanning, adhesives, plastics and Others will raise the acid casein market growth during the forecast period.

Based on grade, the acid casein market can be segmented into food grade, pharma grade and technical grade. Food Grade is the leading acid casein segment and is expected to grow with a CAGR of 5.6% during the forecast period. Also, based on application, the acid casein market can be segmented into cheese, dairy fats, milk powder, medical nutrition, protein powders, biscuits, drinks, paper & cardboard coating, leather tanning, adhesives, plastics and others. Medical nutrition & proteins are the leading acid casein segment and are expected to grow with a CAGR of 5.0% during the forecast period. The growth of various segments can be attributed to various reasons such as the increase in demand for acid casein in various end-use industries globally.

Asia-Pacific region dominated the Acid Casein Market in terms of revenue with a share of 38% in 2021 and is projected to dominate the market at a CAGR of 6.1% by revenue during the forecast period 2022-2027. The growth is mainly driven by the growing developments in food & beverages, paint & coatings, manufacturing, healthcare, beauty & personal care and others in the region are driving the edible acid casein and others during the forecast period. For instance, according to the China Association of Automobile Manufacturers, the total car production in China in July 2021 is around 2,45,500 units with a YOY increase of 31.5% as compared to the same period. Thus, such surging development in end-use sectors in the region will fuel the demand for paint & coatings and others and is expected to boost the demand for the acid casein market.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Acid Casein Market. Global Acid Casein top 10 players include: Rovita, Nutra Food Ingredients, NZMP, The Milky Whey, Arla Foods, Groupe Lactalis, Friesland Campina, Fonterra, Westland Milk Products and Erie Foods among others. The key strategies adopted by the companies include product launches and expansion among others. In April 2021, Biocatalysts Ltd. launched the new enzyme Promod 517MDP (P517MDP) extending their range of Kosher and Halal certified enzymes specifically targeting the dairy protein market.