The Sodium Caseinate Market Is Estimated To Witness High Growth Owing To Rising Adoption In Food And Beverages Industry
Sodium Caseinate Market |
Sodium caseinate is a sodium salt of casein, which is a milk protein that is commonly used as an emulsifier and stabilizer in foods and beverages. It enhances creaminess in processed foods such as baked goods, sauces, dressings, and non-dairy coffee creamers. It also improves functionality in the manufacturing process by inhibiting fat separation. Given its efficient water binding and emulsifying properties, sodium caseinate is highly useful for extending shelf life and improving texture in various applications.
The Sodium Caseinate Market is estimated to be valued
at US$ 5.1 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The global sodium caseinate market is driven by rising adoption of the product
in food and beverages industry. It is extensively used as an emulsifier and
stabilizer in applications such as dairy products, processed cheese, yogurt,
meat products, baked foods, and non-dairy creamers. Growing demand for
convenience foods having longer shelf life is propelling market growth. Sodium
caseinate provides enhanced texture and stability to product formulations. The
ability to inhibit fat separation makes it a suitable ingredient for creamy
sauces, dressings, and dairy-free creams. Increasing health consciousness is
further fueling demand for low-fat and non-dairy products where sodium
caseinate plays a crucial functional role.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the sodium caseinate
market is moderate as it requires significant capital investment for setting up
manufacturing facilities.
Bargaining power of buyers: The bargaining power of
buyers is moderate in the sodium caseinate market as the product has
applications in various industries, buyers have a good choice of suppliers.
Bargaining power of suppliers: The bargaining power of
suppliers is high as raw materials like casein and sodium hydroxide are
commoditized and available with a limited number of suppliers globally.
Threat of new substitutes: The threat of new
substitutes is moderate as sodium caseinate has unique characteristics and
applications that cannot be easily substituted.
Competitive rivalry: High due to presence of numerous
established players globally.
SWOT Analysis
Strength: Sodium caseinate finds wide application in food products due to its
functional properties. It acts as an emulsifying and film-forming agent.
Weakness: Fluctuations in milk prices directly impacts
production cost of sodium caseinate. Dependency on agricultural commodities for
raw materials.
Opportunity: Growing demand for dairy alternatives and
vegan food products presents an opportunity. Increasing health consciousness is
driving demand for clean label ingredients.
Threats: Stringent food safety regulations poses
challenges for market players. Threat from plant-based alternatives.
Key Takeaways
Global
Sodium Caseinate Market Size is expected to witness high growth,
exhibiting CAGR of 4.6% over the
forecast period, due to increasing demand from food and beverage industry. Sodium
caseinate acts as a versatile ingredient and emulsifier in various food
formulations.
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