Casein Glue And Caseinates Market

The article discusses the projected growth of the global market for casein glues and caseinates and other casein derivatives over the period from 2022 to 2030. It provides insights into consumption trends, market performance, and forecasted CAGR, market volume, and market value. Key points include the increase in consumption and production levels, prominent importing and exporting countries, as well as trends in import and export prices. The article also highlights the countries with the highest volumes of consumption, production, imports, and exports, as well as the per capita consumption rates in different regions.

Market Forecast

Driven by increasing demand for casein glues and caseinates and other casein derivatives worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 447K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $8.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Casein Glues And Caseinates And Other Casein Derivatives

In 2022, the amount of casein glues and caseinates and other casein derivatives consumed worldwide rose markedly to 408K tons, with an increase of 5.3% compared with 2021. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of 414K tons. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global casein glue and caseinates market value was estimated at $5.3B in 2022, increasing by 8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.9% against 2014 indices. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (79K tons), Turkey (47K tons) and the United States (42K tons), together accounting for 41% of global consumption. India, Denmark, Russia, Pakistan, Japan, Germany, the UK, the Netherlands, France and South Korea lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +84.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Denmark ($2B) led the market, alone. The second position in the ranking was held by China ($635M). It was followed by Turkey.

In Denmark, the casein glue and caseinates market expanded at an average annual rate of +84.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+0.7% per year) and Turkey (+27.7% per year).

In 2022, the highest levels of casein glue and caseinates per capita consumption was registered in Denmark (4,137 kg per 1000 persons), followed by Turkey (553 kg per 1000 persons), the Netherlands (410 kg per 1000 persons) and the United States (125 kg per 1000 persons), while the world average per capita consumption of casein glue and caseinates was estimated at 0.7 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the casein glue and caseinates per capita consumption in Denmark stood at +83.2%. In the other countries, the average annual rates were as follows: Turkey (+26.0% per year) and the Netherlands (+1.7% per year).

Production

World Production of Casein Glues And Caseinates And Other Casein Derivatives

In 2022, approx. 345K tons of casein glues and caseinates and other casein derivatives were produced worldwide; with an increase of 4.9% against 2021 figures. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, production attained the peak volume of 359K tons. From 2021 to 2022, global production growth failed to regain momentum.

In value terms, casein glue and caseinates production rose sharply to $2.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 14%. Global production peaked in 2022 and is expected to retain growth in years to come.

Production By Country

The countries with the highest volumes of production in 2022 were China (58K tons), Turkey (47K tons) and New Zealand (35K tons), with a combined 41% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Turkey (with a CAGR of +27.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Casein Glues And Caseinates And Other Casein Derivatives

In 2022, the amount of casein glues and caseinates and other casein derivatives imported worldwide declined to 146K tons, waning by -2.1% against the year before. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.8% against the previous year. As a result, imports attained the peak of 150K tons, and then dropped slightly in the following year.

In value terms, casein glue and caseinates imports surged to $1.8B in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.0% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

The United States (24K tons) and China (21K tons) represented the main importers of casein glues and caseinates and other casein derivatives in 2022, finishing at near 16% and 14% of total imports, respectively. Germany (12K tons) held the next position in the ranking, followed by Japan (8.9K tons), the Netherlands (8.8K tons) and South Korea (6.6K tons). All these countries together held approx. 25% share of total imports. The following importers - Indonesia (6.6K tons), Thailand (5.4K tons), Spain (4.6K tons), Belgium (3.4K tons), Singapore (2.8K tons), Brazil (2.8K tons) and France (2.7K tons) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of +11.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest casein glue and caseinates importing markets worldwide were China ($283M), the United States ($270M) and Germany ($143M), together accounting for 40% of global imports. Japan, the Netherlands, South Korea, Indonesia, Thailand, Spain, Brazil, Singapore, France and Belgium lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Brazil, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average casein glue and caseinates import price stood at $11,994 per ton in 2022, rising by 34% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates import price increased by +89.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($14,863 per ton), while Belgium ($5,434 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Casein Glues And Caseinates And Other Casein Derivatives

In 2022, after two years of growth, there was significant decline in shipments abroad of casein glues and caseinates and other casein derivatives, when their volume decreased by -8.4% to 83K tons. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 8.8%. Over the period under review, the global exports reached the peak figure at 115K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports soared to $1.1B in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, New Zealand (32K tons) was the main exporter of casein glues and caseinates and other casein derivatives, creating 38% of total exports. Germany (15K tons) held the second position in the ranking, followed by France (9.9K tons), Poland (8.4K tons) and Ireland (6.9K tons). All these countries together took approx. 48% share of total exports. The United States (2.5K tons) and the Netherlands (1.6K tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of casein glues and caseinates and other casein derivatives. At the same time, Ireland (+17.5%), Poland (+8.7%) and France (+1.5%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.5% from 2012-2022. By contrast, the United States (-4.5%), Germany (-5.0%) and the Netherlands (-6.5%) illustrated a downward trend over the same period. New Zealand (+11 p.p.), Ireland (+7.1 p.p.), Poland (+6.9 p.p.) and France (+4.4 p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($457M) remains the largest casein glue and caseinates supplier worldwide, comprising 42% of global exports. The second position in the ranking was taken by Germany ($200M), with a 19% share of global exports. It was followed by France, with a 13% share.

In New Zealand, casein glue and caseinates exports expanded at an average annual rate of +4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-0.4% per year) and France (+5.6% per year).

Export Prices By Country

In 2022, the average casein glue and caseinates export price amounted to $12,928 per ton, growing by 39% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates export price increased by +121.8% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($14,311 per ton), while the Netherlands ($2,951 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform