The new report by Informes de Expertos titled, ‘Latin America Casein Market Report and Forecast 2022-2027’, gives an in-depth analysis of the market, assessing the market based on product type, end use and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): X%
Rising health awareness among consumers has led to an increased physical activity among both men and women, which in turn proliferates the demand for protein supplements. One also witnesses an increase in demand for ‘on-the-go’ food products, such as protein bars and other casein-containing products. This, coupled with the increasing adoption of diet foods by health-conscious consumers, especially bodybuilders and athletes, factor stimulate the demand for protein related products. Thus, the burgeoning demand for protein filled products is driving the growth of casein market in Latin America. Moreover, the product is increasingly being employed in various industrial applications such as in emulsifying agents, paints, fibres, plastics, and textiles, which further promotes the growth of the industry.
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Industry Definition and Major Segments
Mammalian milk contains two types of proteins: casein, which represents almost 80% of milk protein, while whey 20%. Casein is digested and absorbed much more slowly and is commonly consumed as a food supplement.
By product type, the market is divided into:
- Acid Casein
Rennet Casein
By end use, the industry categorizes into:
- Food and Drinks
- Pharmaceutical Products
- Cosmetics
- Industrial
- Others
Key regions covered include:
- Brazil
- Mexico
- Argentina
- Chile
- Others
Market Trends
The market is expected to grow at a moderate pace over the forecast period owing to increasing health consciousness and rising adoption of protein supplements and dietary foods by consumers. The launch of new functional food products further supports the industry’s growth.
The product finds extensive applications in various end-use industries like pharmaceuticals and cosmetics etc. It is also used in various industrial applications such as in paints, plastics, glue, emulsifying agents, textiles, etc. These increasing applications of casein are providing further impetus to the growth of the market. Moreover, increased R&D activities and innovations are expected to contribute further to the industry’s growth.
Key Market Players
The major players in the market are:
- AMCO Proteins
- Groupe Lactalis
- Nestle S.A.
- Westland Milk Products
- Fonterra
- Friesland Campina
- Others
This report covers the market shares, expansions, investments and mergers and acquisitions, among other latest developments of these industry players.
About Us:
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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We at Informes de Expertos always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.