Casein And Caseinates Market in the United States
Market Overview
In 
, the U.S. casein and caseinates market increased by % to $, rising for the second year in a row after five years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
In value terms, casein and caseinates production declined to $ in . Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2015 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2010; however, from 2011 to , production remained at a lower figure.
, the U.S. casein and caseinates market increased by % to $, rising for the second year in a row after five years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.In value terms, casein and caseinates production declined to $
in . Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2015 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2010; however, from 2011 to , production remained at a lower figure.Consumption
In , consumption of casein and caseinates increased by % to tons, rising for the second consecutive year after five years of decline. Overall, consumption, however, showed a perceptible reduction. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the casein and caseinates market in the United States skyrocketed to $ in , with an increase of % 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, consumption, however, saw a relatively flat trend pattern. Casein and caseinates consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, consumption of casein and caseinates increased by % to tons, rising for the second consecutive year after five years of decline. Overall, consumption, however, showed a perceptible reduction. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the casein and caseinates market in the United States skyrocketed to $
in , with an increase of % 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, consumption, however, saw a relatively flat trend pattern. Casein and caseinates consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for casein and caseinates in the United States, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fifteen years (from % to %). Casein and caseinates market in the United States remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
% to %). Casein and caseinates market in the United States remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
The United States remains a net importer of casein and caseinates; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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