AlexCasein Prices in USA
- United States: 7759 USD/MT
The price of casein in the United States reached 7759 USD/MT in December 2023, showing a 21% reduction from July.
The latest report by IMARC Group, titled "Casein Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Casein Prices. This report delves in globally, presenting a detailed analysis, along with an informative Casein News. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Casein Prices:
- Germany: 6301 USD/MT
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The study delves into the factors affecting Casein price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/casein-pricing-report/requestsample
Casein Price Trend
The casein industry is primarily driven by its widespread applications across various industries, including food and beverages, pharmaceuticals, and cosmetics. In the food sector, the role of casein as a protein supplement and a food additive for improving texture and nutritional content boosts its demand significantly. The growing popularity of protein-enriched foods and dietary supplements among health-conscious consumers further fuels this demand.
Additionally, the versatility of casein in producing cheese and its derivatives plays a crucial role in its market expansion. In the pharmaceutical industry, casein is valued for its amino acid profile and slow digestion rate, making it ideal for controlled-release medication formulations. This application is particularly significant in developing therapeutic products that require gradual protein absorption.
Casein prices experienced fluctuations throughout Q1’24. The market for casein was affected by volatility in the global dairy industry, as milk is the fundamental raw material for casein production. Impacted by disruptions in freight and challenges in international markets, casein prices increased from January to February due to higher demand during the peak winter months.
However, as supply pressures mounted, suppliers began to increase their inventory levels in anticipation of even greater demand. In the latter part of the quarter, the markets began to stabilize somewhat with a reduction in prices, yet the overall market sentiment remained largely positive. In New Zealand, casein prices rose from approximately 8590 USD/MT (FOB) in January to around 8675 USD/MT by March 2024. Similarly, in the US market, the average monthly price of casein increased from about 8267 USD/MT in January 2024 to approximately 8322 USD/MT in March.
Whereas, during H2’23, casein prices were seen on a declining trend. The USDA (US Department of Agriculture) reported a notable increase in milk production per farm during this period. This rise in milk production led to an increase in the available supply of casein, as it is directly derived from milk.
Consequently, casein prices continued to fall throughout Q3 and Q4 of 2023. In the USA, the average monthly prices for rennet casein dropped from approximately 9921 USD/MT in July 2023 to around 7782 USD/MT by December 2023, marking a decline of about 21%. Similarly, acid casein prices decreased by an estimated 22%, falling from roughly 10403 USD/MT in July to about 8047 USD/MT in December.
Overall, the market experienced a lackluster price trajectory accompanied by subdued market sentiments. Other than this, the casein prices varied during the specified period, influenced by the pricing trends of milk from which casein protein is derived, as well as consumer demand. In the USA, casein prices remained relatively stable in the first quarter though saw a significant drop in the second quarter.
The average price of rennet casein in the US domestic market started at approximately 13161 USD/MT in January 2023 and ended the first half of the year at about 10086 USD/MT in June 2023, reflecting an overall decrease of roughly 3%.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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