The Casein Protein In Animal Feed Application Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Casein Protein In Animal Feed Application Global Market Report 2024, The casein protein in animal feed application market size has grown rapidly in recent years. It will grow from $2.67 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to livestock industry growth, nutritional awareness, expanding international trade, disease outbreaks, changing consumer preferences towards high-quality dairy and meat.
The casein protein in animal feed application market size is expected to see rapid growth in the next few years. It will grow to $4.85 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to population growth, shifting climate patterns, growing focus on animal health and welfare, demand for environmentally sustainable animal farming, exploration of alternative protein sources. Major trends in the forecast period include personalized nutrition, plant-based alternatives, growing interest in traceability, digitalization, increasing trend of protein fortification.
The growing animal health sector is expected to propel the growth of casein protein in animal feed application market going forward. Animal health companies have recognized the challenges associated with raising animals in a rapidly changing world and shown resilient growth. Casein protein is a dairy protein derived from the milk of various mammals with its numerous nutritional benefits and used to make a variety of products such as cheese, nutritional supplements, coatings, and pharmaceutical products, as a result, the growing animal health sector increases the demand for casein protein in animal feed. For instance, according to Health for Animals, a global animal health association, the global animal health sector increased to $38.3 billion, which is an increase of 12% in 2021. Therefore, the growing animal health sector drives the casein protein in animal feed application market.
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The casein protein in animal feed application market covered in this report is segmented –
1) By Type: Sheep-Milk Caseins, Cow-Milk Caseins, Other Types
2) By Function: Stabilizing, Emulsification, Foaming, Other Functions
3) By Applications: Food Production, Nutritional Supplements, Cosmetics, Pharmaceutical, Beverage, Other Applications
Major companies operating in the casein protein in the animal feed application market are developing innovative products, such as casein alternatives, to meet larger customer bases, increase sales, and increase revenue. A casein alternative refers to a substitute for casein, a protein found in milk. For instance, in September 2023, Pureture, a US-based raw ingredient manufacturer, launched a plant-based casein. Plant-based casein offers a unique feature for the alternative dairy industry, particularly in the production of cheeses and other dairy products. Unlike animal-based casein, this innovation from Pureture is derived from fully plant-based resources, utilizing proprietary technology and yeast-based methods. It not only mirrors the functionality of traditional casein, providing a stable emulsion to prevent water and fat separation for a smooth texture in milk, but also enhances nutrition and taste. Notably, this plant-based alternative is cost-effective, sustainable, and eliminates the need for gums, starches, and emulsifiers, marking a cleaner and more efficient solution.
The casein protein in animal feed application market report table of contents includes:
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