Casein Protein in Animal Feed Application Global Market Report 2024

The casein protein in animal feed application market size has grown rapidly in recent years. It will grow from $2.67 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. Historical growth can be attributed to the expansion of the livestock industry, increasing awareness about nutrition, the growth of international trade, periodic disease outbreaks affecting supply, and shifting consumer preferences towards higher-quality dairy and meat products.

The casein protein in animal feed application market size is expected to see rapid growth in the next few years. It will grow to $4.85 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. Anticipated growth in the upcoming period is linked to population growth, changing climate patterns, a heightened emphasis on animal health and welfare, the increasing demand for environmentally sustainable animal farming practices, and the exploration of alternative protein sources. Major trends expected in this forecast period encompass personalized nutrition approaches, the rise of plant-based alternatives, a growing interest in traceability within the industry, the adoption of digitalization in farming practices, and an increasing trend towards protein fortification in various products.

The burgeoning animal health sector is anticipated to significantly drive the growth of the casein protein market within the animal feed application domain. Recognizing the challenges associated with animal rearing in a swiftly evolving environment, companies in the animal health industry have demonstrated robust growth. Casein protein, sourced from the milk of various mammals, boasts diverse nutritional advantages and finds application in the production of cheese, nutritional supplements, coatings, and pharmaceuticals. Consequently, the upsurge in the animal health sector is fueling the demand for casein protein in animal feed. Notably, as reported by Health for Animals, a global animal health association, the global animal health sector experienced a notable increase to $38.3 billion in 2021, marking a substantial 12% rise. Hence, the expanding animal health sector serves as a key driver propelling the casein protein market within the animal feed sector.

Increased meat consumption is poised to propel the expansion of casein protein utilization within the animal feed application market. This surge in meat consumption involves the integration of animal-derived meat into dietary practices. Livestock reared for meat production necessitate protein-rich diets to support optimal muscle development and overall well-being. Casein, as a comprehensive protein source, plays a pivotal role by delivering essential amino acids crucial for efficient muscle growth. For example, data reported by the North American Renderers Association (NARA), a US-based association, indicated a collective production output of pork, beef, mutton, and poultry meat reaching 64.28 million tons in November 2021, marking a substantial year-over-year growth of 22.4%. Additionally, notable individual increases were observed in mutton (5.3%), beef (3.9%), and poultry meat (3.8%) production. Consequently, the surge in meat consumption stands as a driving force behind the increased utilization of casein protein in the animal feed application market.

One of the prominent trends gaining traction in the casein protein sector within the animal feed application market is the emphasis on product innovation. Key players within this market segment are directing their efforts towards the development of novel products as a strategic approach to fortify their market standing. A notable example occurred in 2021 when GoodSport Nutrition, a US-based company specializing in healthy sports drink manufacturing, introduced the GoodSport sports drink - an innovative offering that stands out as a natural sports drink composed of 97% dairy content. This unique beverage boasts three times more electrolytes and a 33% reduction in sugar content compared to conventional sports drinks. The company asserts that research supports the claim that milk effectively hydrates the body more than other sports beverages and even water itself. This initiative highlights the concerted efforts by industry leaders to introduce inventive products, aligning with evolving consumer preferences and market demands.

Prominent players within the animal feed application market for casein protein are actively spearheading product innovations, notably the development of casein alternatives, to tap into larger consumer bases, drive sales, and elevate revenue streams. These alternatives serve as substitutes for conventional casein, a protein predominantly sourced from milk. An illustrative example emerged in September 2023 when Pureture, a US-based manufacturer specializing in raw ingredients, introduced a plant-based iteration of casein. This plant-based casein presents a distinctive proposition within the alternative dairy industry, especially in the realm of cheese and other dairy product manufacturing. Unsuch as its animal-derived counterpart, Pureture's innovation is exclusively derived from plant-based resources, leveraging proprietary technology and yeast-based methods. It not only emulates the functional characteristics of traditional casein, facilitating a stable emulsion to prevent water and fat separation, thereby ensuring a smooth texture in milk-based products, but also augments nutritional value and enhances taste profiles.

In March 2022, Ynsect, a French company specializing in protein and natural insect fertilizers, completed the acquisition of Jord Producers for an undisclosed sum. This strategic acquisition aims to facilitate Ynsect's entry into the rapidly growing backyard chicken feed market in the United States. Jord Producers, based in the US, specializes in producing mealworms and aims to supply live mealworms for both human and animal consumption.

Major companies operating in the casein protein in animal feed application market report are 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.

North America was the largest region in the casein protein in animal feed application market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the casein protein in animal feed application market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries 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.

In animal feed applications, casein protein types primarily encompass sheep-milk caseins, cow-milk caseins, and other variants. Caseins, found in sheep milk, constitute over 80% of its total protein content. These proteins play a crucial role in imparting the creamy texture and white color to milk. Functionally, caseins serve as stabilizers, emulsifiers, and foaming agents, widely utilized in food production, nutritional supplements, cosmetics, pharmaceuticals, beverages, and various other applications.

The casein protein in animal feed application market research report is one of a series of new reports that provides casein protein in animal feed application market statistics, including casein protein in animal feed application industry, regional shares, competitors with a casein protein in animal feed application market share, detailed casein protein in animal feed application market segments, market trends and opportunities, and any further data you may need to thrive in the casein protein in animal feed application industry. This casein protein in animal feed application market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The casein protein in animal feed application market consists of sales of edible casein and industrial casein in animal feed applications. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.