Casein Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Casein in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Casein Price Trend for the Q1 of 2024

Casein price trends were observed to be fluctuating throughout the said period of Q1’24. The casein market was subjected to the oscillations in the dairy industry in the international markets as milk is the primary feedstock material to produce casein.

Casein Price Chart

Casein Price Trends

Please Login or Subscribe to Access the Casein Price Chart Data
 

Influenced by the freight disturbances and the challenges in the international markets, the casein prices surged from January to February since the demands were also higher during the peak winter months. However, as the pressure started rising from the supply side, suppliers started flooding the inventories, expecting even higher demands.

The latter half of the said quarter witnessed markets normalizing a little by cutting down the prices. Still, the overall market sentiments were largely positive. In the New Zealand market, the casein prices went from about 8590 USD/MT (FOB) in January to about 8675 USD/MT in March’24. Similarly, in the US market, the average monthly prices for Casein went from about 8267 USD/MT in January’24 to around 8322 USD/MT in March.

Analyst Insight

According to Procurement Resource, given the current supply and demand dynamics the Casein price trends are likely to continue fluctuating in the coming months as well.

Casein Price Trend for the Second Half of 2023

Casein prices were observed following a downward trajectory during the given span of H2’23. According to USDA (US Department of Agriculture), a significant growth in the rate of milk production per farm was noticed during this time. This directly translated into the rise of supply stocks for casein as well since casein is directly sourced from milk. Thus, the price trend took a downward journey throughout the entire period of Q3 and Q4 of 2023.

In the USA the monthly average prices of rennet casein went from about 9921 USD/MT in July’23 to around 7782 USD/MT in December’23. This showed an approximate 21% reduction in the monthly average prices. Similarly, with an estimated 22% fall the acid casein prices went from about 10403 USD/MT in July to around 8047 USD/MT in December. Overall, a tepid price trajectory was witnessed with dull market sentiments.

Analyst Insight

According to Procurement Resource, as the new year arrives, the Casein prices are expected to rise again with the increase in downstream consumption.

Casein Price Trend for the First Half of 2023

Casein prices fluctuated throughout the said period. As the casein protein is sourced from milk, the prices followed the milk price trend and the end user consumption. Casein prices almost remained constant in the first quarter in the USA market and plunged later in the second quarter. The average price of rennet casein in the US domestic market averaged around 13161 USD/MT in January’23 and closed the H1 with an average price of about 10086 USD/MT in June 2023, registering an overall decline of about 23%.

Meanwhile, prices had even more tribulations in the Asian market. The market had a slow start; however, some inclinations were seen. But consumption did not rise much compared to rising prices, eventually causing the price trend for Casein to decline. Rennet casein prices averaged about 2275 USD/MT in January in the Japanese domestic market, whereas in May, the average prices came down to about 2170 USD/MT. Overall, prices mostly swung low for Casein as the consumption and production both had taken a hit in recent years.

Analyst Insight

According to the Procurement Resource, the price trend for Casein are expected to behave in a similar fluctuating manner given the current softening demand dynamics and altering consumption rates.

Procurement Resource provides latest prices of Casein. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

Casein is the chief protein found in milk and the essential ingredient of cheese. It belongs to a family of related phosphoproteins. While pure casein is an amorphous white solid and is tasteless and odourless, commercial casein is slightly yellow in colour, having a pleasant odour.

Product Details

Report Features Details
Product Name Casein
Industrial Uses Pharmaceutical (slow-digesting dairy protein), Cheese-making, Polymers, Adhesives, Paint and plastics, Paper industry, Leather industry, Textile industry, Beverage, Cosmetics, Animal feed
Supplier Database Nestlé S.A, Danone, Arla Foods Ingredients Group, Fonterra Co-operative Group, Westland Milk Products
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Casein via Rennet Process; via Fermentation; via Precipitation (using acid)

Casein is made from skim milk by one of two general methods – precipitation by acid or coagulation by rennet. In the rennet process, pasteurised skimmed milk is heated and set with rennet extract, which results in the formation of gel. This gel is further cut and processed to separate whey and Casein.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.