Latin America Casein Protein Market By Application (Food And Beverages, Pharmaceuticals, Cosmetics, Industrial And Other Applications), By Product (Industrial Casein And Edible Casein) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
Latin America Casein Protein Market was worth USD 420 million in 2016 and estimated to be growing at a CAGR of 5.14%, to reach USD 540 million by 2021. Casein is a protein which is commonly found in mammalian milk, which is about eighty percent of protein in cow milk and around twenty to forty five percent in human milk.
In milk, these proteins are found as suspensions in the form of micelles. As a source of food, casein supplies amino acids, carbohydrates and two important minerals calcium and phosphorous.
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Casein has a wide variety of applications. Casein paint is a water-soluble, fast-drying medium which is used by artists.
Until the advent of acrylic paint, it was widely used by commercial painters as the material of choice. Glues which are based on casein, water, sodium hydroxide and hydrated lime were earlier popular for woodwork and aircraft making.
Cheese is prepared by the coagulation of casein. In the earliest plastics, casein was extensively used.
Casein forms a thick paste in the stomach and acts as a stable source of protein supply for hours and hence is a popular protein supplement.
The driving factors of Latin America Casein Protein market are launch of new functional foods in the market, rising awareness about healthy foods, growing promotional activities, rising disposable incomes and increasing demand for protein enriched foods. However, the market is constrained by limited and unreliable supply, increasing raw material and production costs and decline in preference for low carbohydrate diets.
The Latin America Casein Protein market is divided on the basis of application into food and beverages, pharmaceuticals, cosmetics, industrial and other applications. Food and beverages segment has the largest share in this segment.
It is further divided into infant nutrition, nutritional food and beverages and dairy products. Nutritional foods are further classified into clinical nutrition, meal replacements and sports and slimming products.
By product, the market is segmented into edible casein and industrial casein. Industrial casein has the largest market share in the segment.
The Latin America Casein Protein market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as rising disposable incomes and launch of new functional foods in the market are expected to drive the market growth in the region.
Some of the major players in the market Nestlé S.A., Danone S.A., Arla Foods and Groupe Lactalis. Friesland Campina, Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
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