The casein protein in the animal feed application market has experienced rapid growth, increasing from $2.67 billion in 2023 to $3 billion in 2024, reflecting a compound annual growth rate (CAGR) of 12.4%. This growth in the historical period is attributed to the expansion of the livestock industry, heightened nutritional awareness, the growth of international trade, disease outbreaks impacting conventional protein sources, and evolving consumer preferences towards high-quality dairy and meat. Looking ahead to 2028, the market is poised for continued rapid growth, with an estimated size of $4.85 billion at a CAGR of 12.8%. Factors driving this growth in the forecast period include population expansion, shifting climate patterns, a growing emphasis on animal health and welfare, the demand for environmentally sustainable animal farming, and the exploration of alternative protein sources. Key trends in the forecast period encompass personalized nutrition, the rise of plant-based alternatives, a growing interest in traceability, the digitalization of the industry, and an increasing trend of protein fortification.
Major Driver In The Casein Protein In Animal Feed Application Market
The casein protein in animal feed application market is poised for growth, driven by the expanding animal health sector. Amidst the challenges of raising animals in a dynamically changing world, animal health companies have demonstrated resilient growth. Casein protein, derived from mammalian milk, offers numerous nutritional benefits and finds applications in various products like cheese, supplements, coatings, and pharmaceuticals. The growing animal health sector, as reported by Health for Animals, reached $38.3 billion in 2021, marking a significant 12% increase. This growth underscores the rising demand for casein protein in animal feed, thus propelling the market forward. Market data for 2023, 2024, and 2028 indicate substantial growth potential in line with this trend.
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Casein Protein In Animal Feed Application Market Competitive Landscape
Cargill Incorporated, Archer Daniels Midland Company (ADM), Lactalis Group, Land O'Lakes Inc., Yili Group, Saputo Inc., Arla Foods AMBA, Royal FrieslandCampina N.V., Fonterra Co-Operative Group Limited, Kerry Group, Zoetis Inc., Savencia Fromage & Dairy India Private Limited, Perdue Farms, Glanbia plc, Kewpie Corporation, Jubilant Pharmova Limited, Milk Specialties Global, Grande Custom Ingredients Group, Batory Foods Inc., Farbest Brands, Erie Foods International Inc., ARMOR PROTEINES S.A.S., Hilmar Ingredients, SternMaid America LLC, Sodiaal S.A., AMCO Proteins, The Agropur Dairy Cooperative, Charotar Casein Company, Sachsenmilch Leppersdorf GmbH, CP Kelco India Pvt. Ltd., Tessenderlo Group, Balchem Corporation, Novus International Inc., Biovet JSC, Bunge Limited, Lesaffre Group, Nutreco N.V., Phibro Animal Health Corporation, Evonik Industries AG
Key Casein Protein In Animal Feed Application Market Trend
Product innovations are key trends gaining popularity in the casein protein market for animal feed applications. Major companies in this market are focusing on developing new products to strengthen their market position. For instance, in 2021, GoodSport Nutrition, a US-based healthy sports drink manufacturing company, launched GoodSport, a first-of-its-kind natural sports drink made from 97% dairy. The drink delivers three times more electrolytes and 33% less sugar than conventional sports drinks. The company claims that research has demonstrated milk hydrates more effectively than other sports beverages and water.
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Casein Protein In Animal Feed Application Market Segmentation
The casein protein in animal feed application market covered in this report is segmented –
1) By Type: Sheep-Milk Caseins, Cow-Milk Caseins, Other Types
2) By Function: Stabilizing, Emulsification, Foaming, Other Functions
3) By Applications: Food Production, Nutritional Supplements, Cosmetics, Pharmaceutical, Beverage, Other Applications
By Geography:The regions covered in the casein protein in animal feed application market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the casein protein in animal feed application market in 2023.
The Casein Protein In Animal Feed Application Global Market Report 2024 furnishes information about the global casein protein in animal feed application market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
