(Entertainment-NewsWire.com, January 19, 2018 ) Latin America Caseinates Market was worth USD XX.XX billion in 2016 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2021. Caseins are defined as the proteins that are found in the milk of all mammals which include cows, sheep, goat, yak and such four legged critters. Casein is a highly functional class of protein and is suitable for various food applications. Their composition is mainly amino acids and have a protein content of at least 90%.
Caseinates are the soluble salt acid version of caseins and are composed of amino acids as well and have excellent nutritional properties. They mainly find applications as an emulsifying and thickening agent and are considered to be highly functional proteins. The three main types are sodium, potassium and calcium caseinates.
The growth of the caseinate market is mainly driven by increasing health awareness among consumers and introduction of new functional food products, rise in the disposable income, increasing promotional activities and growing technological advancements in casein and caseinate extraction methods and processing. As for the restraints, the still inherent tendency of consumers to not try a product based on an unfamiliar product is the main drawback.
The Latin America Caseinates market is broadly classified on the basis of Applications into Food and Beverage, Industrial, Pharmaceutical, Cosmetics and Other applications and based on Type into Sodium, Potassium and Calcium Caseinate. Based on geography, the Latin America market is divided into Argentina, Brazil and Mexico. The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.
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The Caseinates market is highly competitive with a large number of players. Key market players dominating the market with their products are Nestlé S.A., Danone S.A., Arla Foods, Groupe Lactalis, FrieslandCampina, Fonterra, Westland Milk Products, Groupe Lactalis and Saputo.
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