At 6.1% CAGR, South & Central America Caseinates Market is Projected to be Worth US$ 263.87 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America caseinates market was valued at US$ 164.09 million in 2023 and is expected to reach US$ 263.87 million by 2031, registering a CAGR of 6.1% from 2023 to 2031. Rising demand of caseinates for infant nutrition and wide application scope of caseinates in the food & beverage industry are among the critical factors attributed to drive the South & Central America caseinates market growth.

Breastfeeding is the only recommended diet for infants during the first six months of life, according to the World Health Organization (WHO). However, since there is not always enough breast milk available, alternatives are crucial. Lactose, demineralized whey powder, casein and caseinates, and whey protein concentrates are essential for standardizing infant food because breast milk has less protein than cow's milk. Caseinates provide a balanced and digestible source of nutrition for infants. Caseinates are stable against heat treatment, making them an essential protein source in infant nutrition products. Potassium caseinate and calcium caseinate act as good protein and calcium sources in infant nutrition products. Calcium is an essential nutrient for overall growth and bone development in babies. Thus, the demand for calcium-enriched infant nutrition products is high among parents, boosting the demand for calcium caseinates among baby food manufacturers. Manufacturers are offering infant nutrition products enriched with caseinates owing to the increasing awareness about the requirement of nutrients in infant food formulations.

On the contrary, the innovations and developments of plant-based casein hamper the growth of South & Central America caseinates market.

Based on product type, the South & Central America caseinates market is segmented into sodium caseinate, calcium caseinate, potassium caseinate, and others. The sodium caseinate segment held 42.6% market share in 2023, amassing US$ 69.98 million. It is projected to garner US$ 114.95 million by 2031 to register 6.4% CAGR during 2023-2031.

In terms of application, the South & Central America caseinates market is categorized into bakery & confectionery, dairy & frozen desserts, beverages, soups, sauces, and condiments, infant formula, dietary supplements, and others. The dietary supplements segment held 30.7% share of South & Central America caseinates market in 2023, amassing US$ 50.30 million. It is anticipated to garner US$ 79.21 million by 2031 to expand at 5.8% CAGR during 2023-2031.

Based on country, the South & Central America caseinates market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 49.6% share of South & Central America caseinates market in 2023. It was assessed at US$ 81.36 million in 2023 and is likely to hit US$ 126.95 million by 2031, registering a CAGR of 5.7% during 2023-2031.

Key players operating in the South & Central America caseinates market are Royal FrieslandCampina NV, Fonterra Co-Operative Group Ltd, Ornua Co-Operative Ltd, and Lactoprot Deutschland GmbH., among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com