During H1’23, casein prices experienced fluctuations influenced by milk price trends and consumer demand. In the US, prices remained steady in Q1 but dropped in Q2. Similarly, the Asian market faced challenges with slow growth and insufficient consumption despite rising prices, leading to a decline in casein price trends. This downward movement in prices was primarily attributed to consumption and production issues impacting both regions.
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Definition
Casein is a protein found in milk and dairy products. It constitutes a major part of the protein content in milk, making up about 80% of the total protein. It is widely used in the food industry for its functional and nutritional properties, often employed in the production of cheese, yogurt, and various processed foods.
Key Details About the Casein Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Casein in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Casein Price chart, including India Casein price, USA Casein price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Casein Price Trend:
Casein finds diverse applications in industries. In the food sector, it’s utilized as an ingredient in cheese-making, providing texture and aiding coagulation. Its adhesive properties make it valuable in the production of paints, glues, and coatings. In the pharmaceutical realm, it’s used in tablet coatings. Additionally, casein-based materials are employed in manufacturing plastics, textiles, and even certain types of paper, expanding its industrial significance.
Key Players:
- Nestlé S.A
- Danone
- Arla Foods Ingredients Group
- Fonterra Co-operative Group
- Westland Milk Products
News and Recent Development:
The dairy industry is grappling with lower milk prices in 2023, which is likely to continue into 2024. The USDA’s recent report reduced the 2023 milk production estimate due to slower growth in milk-per-cow. Price forecasts for butter and nonfat dry milk increased, but cheese and whey prices decreased. Class III and all-milk prices were also affected, with 2024 predictions showing declines. (Dated: 14 June 2023)
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