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Sodium Caseinate Market worth US$ 7.41 Bn by 2031 - Comprehensive Research Report by FMI

Sodium Caseinate Market - Analysis, Outlook, Growth, Trends, Forecasts

DUBAI, United Arab Emirates, Jan. 27, 2022 (GLOBE NEWSWIRE) -- The global Sodium Caseinate Market is estimated to be worth around US$ 4.94 Bn in 2022. With surging demand for sodium caseinate across various industries such as food & beverages, cosmetics and pharmaceuticals, the overall demand is anticipated to rise at a moderate CAGR of 4.6% between 2022 and 2031, totalling a valuation of US$ 7.41 Bn by 2031.

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.

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Details

Sodium Caseinate Market Estimated Size in 2022

US$ 4.94 Bn

Sodium Caseinate Market Projected Size in 2031

US$ 7.41 Bn

Sodium Caseinate Market Historical CAGR (2016-2021)

8.8%

Sodium Caseinate Market Value-Based CAGR (2022-2031)

4.6%

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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 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 F&B 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 environment will represent a potential threat for the market players.

Sales of Food Grade Sodium Caseinate to Ramp up in 2021

According to the FMI analyst, the consumption of food grade sodium caseinate, especially for dairy, frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the market players, as the category accounted for three-fourth share of the market in 2018.

To tap into opportunities in different end-use industries, ranging from cosmetics to chemical, manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is likely to represent ~5% increase in sales in 2022.