Casein Prices December 2023
| Product | Category | Region | Price |
|---|---|---|---|
| Casein | Nutraceuticals | USA | 7759 USD/MT |
| Casein | Nutraceuticals | Germany | 6301 USD/MT |
The casein prices in the United States for Q4 2023 reached 7759 USD/MT in December. The product prices in the US steadily declined in the second half of 2023 due to increased milk production. The rise in milk output per farm resulted in larger supply stocks of casein, leading to lower prices. The market sentiment remained weak, with both rennet and acid casein experiencing a significant drop in average monthly prices.
The price trend for casein in Germany for Q4 2023 reached 6301 USD/MT in December.
Casein Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Casein Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of casein pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of casein at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of casein price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing casein price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Casein Market Analysis
The global casein market size reached US$ 1.62 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.34 Billion, at a projected CAGR of 4.15% during 2023-2032.
- The food and beverage segment is one of the largest consumers of casein due to food functions that include emulsification and water-binding. Casein finds its applications particularly in dairy products, nutritional beverages, and processed foods, leading to high sales demand.
- Due to the increased awareness of health products among customers, casein is experiencing a rise in demand as it is high in protein level. As a slow-digesting protein, casein is popular in dietary supplements and sports nutrition products, contributing to its increased market share.
- Improvements in the extraction and processing of casein are enhancing the quality as well as improving efficiency. Technological advancement enabled achieved better product quality, highly purified products, and minimized production costs hence enhancing the competitiveness of the market.
- Casein is a versatile polymer in the pharmaceutical industry and is increasingly being utilized in drug delivery systems. Due to its biocompatibility and slow-release characteristics, it is highly recommended for use in controlled drug delivery, especially in the medical and healthcare industries.
- With growing demand for functional foods, casein plays a significant role due to its health benefits. The proliferation of functional foods is mainly attributed to the consumer interest in prepared products with increased casein content.
- Sustainability is emerging as a crucial factor with an increased stress on environment-friendly manufacturing. Manufacturers are adopting sustainable sourcing and processing strategies and meeting market requirements for environmentally friendly products to attract consumers.
- The growth rates differ across regions, and the leaders are North America and Europe due to their hi-tech food industries. There is considerable growth in the Asia-Pacific region and Latin America due to higher disposable income and shifts in the preference of the population from consumer basic food products.
- Consumers are increasingly favoring natural and organic products. As a naturally derived protein, casein aligns perfectly with this trend. The market for organic casein is particularly expanding in areas where health-conscious consumers are willing to pay more for organic labels.
- Functional beverages, such as protein shakes and sports drinks, are becoming more popular. Casein, known for its slow-release protein properties, is being used more in these drinks to provide sustained energy and satiety. This is driving demand in the burgeoning functional beverages market.
- Awareness and research on the benefits of protein consumption, especially casein, are enhancing its market presence. Scientific studies highlight casein’s role in muscle repair, satiety, and overall nutrition are influencing consumer choices, thereby accelerating market demand.
Casein News
The report covers the latest developments, updates, and trends impacting the global casein market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in casein production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the casein price trend.
Latest developments in the casein industry:
- July 2024: Leprino Foods and Fooditive Group have signed an exclusive global partnership to commercialize Fooditive’s non-animal casein protein made via precision fermentation. Leprino will have exclusive rights to produce, market and distribute this innovative casein for cheese and non-exclusive rights for other food applications.
- June 2024: Pureture, a US biotech company, has improved its production process for plant-based casein, a yeast-derived, non-GMO ingredient for realistic and clean-label dairy alternatives. The innovation allows for cost-effective production by growing yeast in 30% less time and eliminating the need for anti-foaming agents, making the final product more natural.
Product Description
Casein makes up the majority of proteins found in cow’s milk and cheese. This protein is categorized into two main types based on the extraction method, such as rennet casein and acid casein. Rennet casein is produced using rennet enzymes, making it ideal for cheese production, while acid casein is precipitated using acid and is commonly used in industrial applications such as adhesives, paints, and coatings.
In the food industry, casein is highly valued for its excellent emulsifying and binding properties, making it a key ingredient in dairy products, nutritional supplements, and processed foods. One of the significant advantages of casein is its slow-digesting nature, providing a sustained release of amino acids. This makes it particularly beneficial for muscle repair and growth, especially when consumed before sleep. Additionally, casein is rich in essential amino acids, calcium, and phosphorus, contributing to its nutritional benefits.
Regional Coverage
The report provides a detailed analysis of the casein market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the casein price trend.
Global Casein Price
The report offers a holistic view of the global casein pricing trends in the form of casein price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into casein historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into casein price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed casein demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
North America Casein Price
The casein market in North America witnessed a declining price trend. This shift was primarily influenced by a notable increase in the production of milk per farm. With milk being the primary source of casein, the surge in milk output led to a substantial increase in casein supply stocks. Consequently, the market observed a consistent drop in prices over the last quarters of the year. The market sentiment remained subdued, reflecting the abundance of supply. Overall, the downward trajectory in casein prices mirrored the increased availability due to heightened milk production during this period.
