According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate market will increase ~5% year-over-year to reach ~270 thousand tons in 2022, up from ~258 thousand tons in 2021.
FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~4.6% through to 2029, driven by greater demand for functional or fortified foods along with the shift of high-protein trend from niche to mainstream.
The analyst finds that the sheer volume of bakery consumption in recent years has largely contributed to the increased sales of different types of protein, thereby potentially raising the demand for sodium caseinate. Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant traction as a viable emulsifier or food additive in various sectors of the FB industry.
However, the launch of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding the impact of food production, especially for animal-based products, on the environment will represent a potential threat to the market players.
“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2021, while its application as emulsifier is likely to result in increased market share in the foreseeable future,” said the FMI analyst.
“As today’s consumers move towards highly nutrient products which support weight management and counteract the risk of obesity and other lifestyle diseases, FB manufacturers are increasingly demanding for sodium caseinate as an ideal fat free stabilizer for wide range of products.”
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Sodium Caseinate Market by Category
By Product Grade:
- Food Grade
- Industrial Grade
By Application:
- Food Additives
- Emulsifiers
- Free Fat Stabilizers
- Others
By End Use:
- Food Beverages
- Pharmaceuticals
- Cosmetics
- Chemicals
- Other Industrial
East Asia to Take Centre Stage in Sodium Caseinate Market
The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in the sodium caseinate market. Rising consumer interest in the benefits of high-quality ingredients in various food products is likely to offer greater opportunities for market players in East Asia.
In 2021, the East Asia market for sodium caseinate market accounted for ~26% of revenue to share and is expected to record ~6% y-o-y growth in 2022. In the global scenario, the sodium caseinate market shows a high level of fragmentation, with several global players collectively accounting for a 20-25% share.
