Global Sodium Caseinate Market Is Estimated To Witness High Growth
The Sodium Caseinate Market is estimated to be valued at US$ 1.67 Billion in 2022 and is expected to exhibit a CAGR of 6.7% over the forecast period 2016-2027, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sodium caseinate is a water-soluble milk protein that is widely used in the food industry for its emulsifying and binding properties. It is commonly used in the manufacturing of processed meats, sauces, bakery products, and beverages. The market for sodium caseinate is driven by the growing demand for convenience food products, as it acts as a stabilizer and helps in enhancing the texture and taste of various food items. With the increasing vegan population, there is a rising demand for plant-based protein alternatives, which is further expected to drive the market growth.
Market Dynamics:
The growth of the sodium caseinate market is primarily driven by two key factors. Firstly, the rising demand for convenience food products, particularly in developed economies, is fueling the market growth. Convenience food products such as ready-to-eat meals, snacks, and bakery products require sodium caseinate as a key ingredient for emulsification and stabilization purposes. Secondly, the growing vegan population is creating a demand for plant-based protein alternatives. Sodium caseinate derived from plant sources serves as a suitable alternative to animal-derived caseinate. This factor is expected to further propel the market growth.
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