The global Sodium Caseinate for Industrial Grade Market is expected to reach USD 1.67 Billion by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the growing applications of sodium caseinate.
Sodium caseinate finds application as a nutritional supplement, thickening agent, emulsifying agent, and stabilizing agent in food, including bread, candy, biscuits, cakes, gravy, yogurt, meat, and seafood. In sausage, sodium caseinate may be applied to make uniform distribution of fat, and improve the adhesion characteristic of meat. Moreover, in ice creams, the application of the chemical assist in the prevention of sugar contraction and condensation.
Top Companies Operating in the Global Sodium Caseinate for Industrial Grade Market:
AMCO Proteins, Erie Foods International Inc., Charotar Casein Company, Farbest Brands, Fonterra Cooperative Group, Avani Food Products, Israel Chemicals Limited, Lactoprot Deutschland GmbH, Agrocomplex, and Ningxia Yimei Biotechnology Co. Ltd.
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Further key findings from the report suggest
- By grade, food-grade sodium caseinate held a larger market share in 2018. This grade is considered safe from consumption by humans. It is used as an emulsifying agent, thickening agent, and stabilizing agent, among others
- By distribution channel, the online distribution channel is likely to grow at a faster rate of 9.2% in the period 2019-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
- By application, pharmaceutical applications are anticipated to witness a growth rate of 6.8% in the forecast period.
- The market in the Asia Pacific region is contributed to the largest market share in 2018 and is expected to grow at a rate of 7.2% in the forecast period. The market dominance of the APAC region may be attributed to the growth of the food beverage industry, especially in developing nations, such as China and India, in the region.
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Sodium Caseinate for Industrial Grade Market Segmentation
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Food Grade
- Industrial Grade
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Food Beverage
- Personal Care
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Sodium Caseinate for Industrial Grade Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Sodium Caseinate for Industrial Grade Market.
The global Sodium Caseinate for Industrial Grade Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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