casein and caseinates market. Based on casein type, the market is segmented into rennet and acid casein. casein and caseinates market

 
 Based on casein type, the market is segmented into rennet and acid caseincasein and caseinates market United Kingdom Casein and Caseinates Market Size To Grow At A CAGR Of 5

Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). 86% over the next 5 years. Sodium, potassium, and calcium caseinates are the most common types of caseinates on the market. The market value is further expected to reach a figure of around US$ 3. This limits the applications of acid casein in some applications. Various types of alkali have been used. are the major companies operating in Casein And Caseinates Market. CASEIN AND CASEINATES MARKET REPORT OVERVIEW. | Press Release | Global Casein and Caseinates Market Global Casein and Caseinates Market to Reach US$ 4. The global casein and caseinates market reach. and Kerry Group PLC are the major companies operating in the market. New York, USA, Aug. Single report. Global casein and caseinates market drivers Casein is a great source of all essential amino acids required for the healthy growth of the body. The global Casein And Caseinates market size was valued at USD 3185. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Casein and Caseinates Free Market Size was valued at USD 10. For geography segment, regional supply, demand, major players, price is presented from 2018 to 2028. This report provides an in-depth analysis of the casein and caseinates market in Bolivia. The global casein and caseinates market will expand at a significant rate of 5. Market Synopsis. This represents a compound annual growth Return (CAGR of 8. 71 million by 2028. 91% during the forecast period, reaching USD 5315. 70 billion by 2028, growing at a CAGR of 4. With UK being a hub for innovation, there is an ever-present demand for upgraded, eco-friendly, and sustainable casein products, setting the stage for manufacturers to continuously innovate. V are the major companies operating in Germany Casein And Caseinates Market. The research examines major growth strategies, drivers. 9 Billion by 2023, exhibiting a. Excluding food and beverages market, these products are used for alternative marketplace for varied functions. 9 million in the current year and is expected to register a CAGR of 3. 6 Billion in 2017. Sent by email within 24h (Mon-Fri) $499 Basic Edition $1995 Professional Edition. 10%. This limits the applications of acid casein in some applications. Caseinates are suitable for a wide range of uses such as functional foods and drinks, food bars, bakery items, cheese, sauces, etc. Single report. Single report. 71 Million USD in 2028, with a CAGR of 8. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Between 2020 and 2021 the exports of Casein grew by 46. The global casein and caseinates market size reached US$ 3. The market value is further expected to reach a figure of around US$ 3. 51 billion in 2023 to USD 45. Store → Food Products → Dairy Products → Casein And Caseinates. The global casein and caseinates market size was USD 2946. 69% during the forecast period. The market value is further expected to reach a figure of around US$ 3. The forecast exhibits the market prospects through 2030. e. The global casein and caseinates market reached a value of around US$ 2. This demonstrates a significant. The remaining consuming countries recorded the following average annual rates of market growth: India (+7. The market is assessed to grow at a CAGR of 5. The market growth is attributed to the increasing demand for dairy. This report provides an in-depth analysis of the casein and caseinates market in Serbia. According to projections, the market for casein and caseinates free will increase from USD 11. 2. . The report provides a strategic analysis of the casein and caseinates market in Bulgaria and describes the main market participants, growth and demand. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house). Sent by email within 24h (Mon-Fri) $499 Basic Edition $1995 Professional Edition. The Global Casein and Caseinates market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2021, the Middle Eastern casein and caseinates market decreased by -3. The Global Casein and Caseinates market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. 5% from 2022 to 2030. . The global Casein And Caseinates market size was valued at USD 3185. 7 billion in 2020, driven by the increasing health consciousness among the mass population. In China, the casein and caseinates market remained relatively stable over the period from 2018-2020. 86% over the next five years. This report provides an in-depth analysis of the casein and caseinates market in Uganda. North America Casein and Caseinates Market By Applications (Food And Beverage, Industrial, Pharmaceutical, Cosmetics And Other), By Type (Sodium, Potassium And Calcium Caseinate) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027Belarus - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights. The End Use Industry, such as Food and Beverage, is boosting the Casein and Caseinates market. Nov 07, 2022 (The Expresswire) -- As per Market Growth Report, The global Casein And Caseinates market size was valued at USD 2946. 4 American Casein Company Recent Developments;This report provides an in-depth analysis of the casein and caseinates market in Nigeria. . " Caseins And Caseinates Industry Statistics. The market growth is attributed to the increasing demand for dairy products, especially in developing countries, and the growing application of casein and caseinates in food, beverage, pharmaceuticals, cosmetics, and other industries. German consumers are following health and wellness trends and prefer foods that are nutrient-dense, such as casein and caseinates, which are high in protein. The report "Casein and Caseinates Market: Global Market Intelligence (2020-2030) provides market intelligence on the different market segments, based on Market Dynamics, Distribution Channel, Product type, and geography. According to projections, the market for casein and caseinates free will increase from USD 11. 44B. Single report. 4 million in 2022, securing a 2. ,” the global casein and caseinates market size reached US$ 3. Casein & Caseinates Market - Forecast(2021 - 2026) - The Global Casein & caseinate market is awaited to spread at a substantial pace in the coming years. The forecast exhibits the market prospects through. Online access and download. 9 Billion USD in 2021 It is expected to grow at a CAGR of 6. 22, 2023 (GLOBE NEWSWIRE) -- Casein and Caseinates-Free Market Overview. 7% through 2020. Cote d'Ivoire - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights. The global Casein And Caseinates market size was valued at USD 2946. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). 5%, from $2. May 19, 2023 (The Expresswire) -- Final Report will add an analysis of the impact of the Russia-Ukraine War and COVID-19 on theCasein and Caseinates. . In addition, this protein is a great source of. The forecast exhibits the market prospects through. This limits the applications of acid casein in some applications. e. 10% CAGR between 2023 and 2030. The forecast exhibits the market prospects through 2030. Casein is the basic component of ordinary cheese. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). 016% of total world trade. Using a continuous and hygienic process, the curd is extensively washed, then dried and ground to a. In pure form, it is an amorphous white solid, tasteless and odourless, while its commercial type is yellowish with a pleasing odour. This report cover following regions:Milk is a rich source of protein, containing approximately 3. Store → Food Products → Dairy Products → Casein And Caseinates. They include:Costa Rica - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights. To meet the growing demand for protein-rich foods, Canada imports casein from the United States. The primary objectives of. 1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10. This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Casein and Caseinates Market in all the Regions and Countries (specified above) for historic (2019 - 2022) and forecast (2023 - 2029) Periods with 2022 considered as the base year. Store → Food Products → Dairy Products → Casein And Caseinates. The primary objectives of this. from $280/monthLatvia - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights. 25 million in 2021. In 2022, supplies from abroad of casein glues and caseinates and other casein derivatives was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Middle East and Africa Casein and Caseinates Market Overview: Casein is a type of protein found in milk and provides a variety of amino acids. This report provides an in-depth analysis of the casein and caseinates market in Ukraine. 0% to 89. 25 million in 2021 and is expected to expand at a CAGR of 8. The research report includes a study of a number of factors that promote market growth. 6 Billion by. The Global Casein and Caseinates Market is expected to grow at around 4. 26%. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). According to the new Market Research Report "Milk casein and caseinates Market: By Type (casein and caseinates), By Application (Food & Beverages, Pharmaceuticals, Industrial, and Others), By. Considering the number of factors driving adoption of casein and caseinate, the casein and caseinate market is predicted to clock a CAGR of 4. The market growth is attributed to the increasing demand for dairy products, especially in developing countries, and the growing application of casein and caseinates in food, beverage, pharmaceuticals, cosmetics, and other industries. 78 Million USD in 2022, and will reach 5315. 3 Casein & Derivatives Market for Sodium Caseinates, by Country (2021 Vs 2024) 9. 3. According to a new report by Expert Market Research titled, “ United Kingdom Casein and Caseinates Market Trends, Size, Share, Analysis, Report and Forecast 2024-2032″, UK casein and caseinates market is projected to grow at a CAGR of 5. S. This report provides an in-depth analysis of the casein and caseinates market in MENA. 5 Billion by. 69% during the. 25 million in 2021. The Global Casein and Caseinates Market is expected to grow at around 4. What's the difference? Buy the report. Store → Food Products → Dairy Products → Casein And Caseinates. 8% CAGR from 2017 to 2022. 2 Billion in 2021. V are the major companies operating in Asia-Pacific Casein And Caseinates Market. According to the latest report by IMARC Group, titled “Casein and Caseinates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global casein and caseinates market size reached US$ 3. Casein is a type of protein found in milk and offers a wide array of amino acids. Jan 10, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Casein and Caseinates industry. 0%. 26% over the next five years. 78 million in 2022 and is expected to expand at a CAGR of 8. According to the latest market analysis conducted by Market Research Future, the global Casein and Caseinates-Free market is projected to grow at a robust CAGR of 10. According to projections, the market for casein and caseinates free will increase from USD 11. 2023. Based on casein type, the market is segmented into rennet and acid casein. Casein and caseinates are grouped among the more high-value dairy ingredients and powder products owing to both their functional and. Casein and whey are the two types of protein found in cow’s milk, making up 80% and 20% of milk protein respectively (). Americas is the dominant market for casein and caseinates protein and it is estimated to reach $603. The Casein Peptone Market was accounted for US$ 380. Sodium, potassium, and calcium caseinates are the most common types of caseinates on the market. 2% over the next 5 years. According to the latest market analysis conducted by Market Research Future, the global Casein and Caseinates-Free market is projected to grow at a robust CAGR of 10. In 2022, the market is growing at a steady rate and with. 3% protein, 80% comprising large casein aggregates. Casein is the basic component of ordinary cheese. The global casein and caseinates market size reached US$ 3. Casein is a type of protein found in milk and offers a wide array of amino acids. This report provides an in-depth analysis of the casein and caseinates market in Europe. The wider functionality of casein and caseinates in enhancing the physical and nutritional quality, mainly its slower digestibility, drove its application in the food and beverages segment. Jul 22, 2022 (The Expresswire) -- Global Casein and Caseinates Market forecast by regions, type, and application, with sales and revenue, from 2022 to 2027. 6 Billion by 2028, exhibiting a CAGR of 5. 52 million by 2027. Demand in the European market is influenced by rising consumer awareness of the health advantages of protein-rich goods like casein and caseinates. Aided by the growing inclination of youth towards the gym and bodybuilding, the global market is expected to witness a further. The global COVID-19 pandemic has been unprecedented and staggering, with casein and. Details such as the size, key players, segmentation, SWOT analysis, most. 51 billion in 2023 to USD 45. In view of these trends, a recent research analysis has projected around 4. 3. Based on casein type, the market is segmented into rennet and acid casein. This report provides an in-depth analysis of the casein and caseinates market in Nepal. 3 grams of protein per 100 milliliters. This demonstrates a significant. Single report. Dec 13, 2022 (The Expresswire) -- 360 Research Reports added a research report on the global “Casein and Caseinates Market". 6 Billion by 2028, exhibiting a growth rate (CAGR) of 5. Casein are a part of Glues, starches, & albuminoid. The Germany casein and caseinates market size reached a value of approximately USD 176. from $280/monthImpact of COVID 19 on the Asia Pacific Casein and Caseinates Market: The Asia Pacific Casein and Caseinates market has also been affected by this slowdown. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Apr 26, 2023 (The Expresswire) -- The latest market research report on the Global "Casein And Caseinates Market" is segmented by Regions, Country, Company. Online access and download. —(1) No person may market a product as— (a) an edible acid casein; (b) an edible caseinate; (c) an edible rennet casein; or (d) a mixture,The global Casein And Caseinates market size was valued at USD 3185. The forecast exhibits the market prospects through. Subscription. The Germany Casein And Caseinates Market is growing at a CAGR of 3. 39 billion by 2023, growing at a CAGR of 1. , Ltd. 26%. Global Casein and Caseinates Market Size 2023-2030 –. 6% during the forecast period, i. Read on to learn more. Subscription. 91% During the forecast period, reaching USD 5315. Looking forward, IMARC Group expects the market to reach US$ 4. e. 43% during the forecast period (2023-2029). Market size and forecast (2020-2030) has been provided in the report. Milk Protein Concentrates (MPCs) are complete dairy proteins that contain both casein and whey proteins. 6 Billion by 2028, exhibiting a. The Casein and Caseinates Market report provides a holistic evaluation of the market for the forecast period (2018–2027). 1 Billion by 2032 as Consumers Embrace Dairy-Free and Plant-Based. The demand for casein milk increased by 7%, giving the combined casein market a year-over-year growth of 5. com's. “mixture” means a product composed of any two, or all three, of edible acid casein, edible caseinate and edible rennet casein. Overall, imports, however, recorded a resilient expansion. Store → Food Products → Dairy Products → Casein And Caseinates. According to the new Market Research Report "Milk casein and caseinates Market: By Type (casein and caseinates), By Application (Food & Beverages, Pharmaceuticals, Industrial, and Others), By. Europe Casein and Caseinates Market Overview: Europe Casein and Caseinates market is worth $ xx million in 2021 and is expected to grow to $ xx million by the end of 2026 with a compound annual rate of xx% between 2021 and 2026. This report provides an in-depth analysis of the casein and caseinates market in Israel. 92% to reach USD 710. Request Sample. The production of caseinates has not picked up in many dairying countries, including. The Global Casein and Caseinates Market has been projected to grow at a CAGR of around 4. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Dec 15, 2022 (The Expresswire) -- Global “Casein and Caseinates Market” Research Report presents most valuable insights into industry segments, demand status. 4% from 2022 to 2030. The wider functionality of. Looking forward, IMARC Group expects the market to reach US$ 4. The United Kingdom Casein And Caseinates Market is growing at a CAGR of 5. Subscription. Despite the differences, the benefits of casein and caseinates are undeniable. 9 Billion by 2023, exhibiting a. 35B to $3. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Drivers Increasing industrial use of caseins and caseinate such as plastics, chemicals, and synthetic fibers is augmenting market growth of caseins and. 22, 2023 (GLOBE NEWSWIRE) -- Casein and Caseinates-Free Market Overview. , 2023-28. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). 91% during the forecast. Looking forward, IMARC Group expects the market to reach US$ 4. 91% during 2022-2028. United Kingdom Casein and Caseinates Market Size To Grow At A CAGR Of 5. 71 million by 2028. 4m by 2020 at a CAGR of 11. 5% protein. 52 million by 2027. 42 million by 2028. 0 per kg in Mexico. To obtain a casein product that is soluble, the acid casein is neutralized with an alkali and spray-dried to obtain caseinates. This report presents a comprehensive overview of the European casein and caseinates market, the impact of COVID-19 on it, and a forecast for the market development in the medium term. The global casein and caseinates market could be segmented into four major regions namely North America, Europe, Asia-Pacific, and LAMEA. The forecast exhibits the market prospects through. The forecast exhibits the market prospects through. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +2. According to projections, the market for casein and caseinates free will increase from USD 11. 32 billion. The forecast exhibits the market prospects through 2030. Global Market Research. . The forecast exhibits the market prospects through. Reputable research company Markntel Advisors has conducted a thorough analysis. What's the difference? Buy the report. 2 Casein & Derivatives Market Market Size 2023 & 2030 (Revenue Comparison) 9. Saudi Arabia - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights. 7K, with an increase of 23% against the previous month. 26% during the forecast period. 6% during 2023-28, says Markntel Advisors in its recent report. Online access and download. Moreover, casein and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, Ireland (X tons), more than tenfold. 69% during the forecast period, reaching USD 4858. 51 billion in 2023 to USD 45. 52 million by 2027. This report provides an in-depth analysis of the casein and caseinates market in ECOWAS. 34% during the forecast period (2023-2028). New York, USA, Aug. . 4 Billion in 2022. The other 20% is whey protein. 5% from 2022 to 2030. Casein is a slow-digesting protein that provides a sustained release of amino acids, making it ideal for muscle growth and recovery. Americas is the dominant market for casein and caseinates protein and it is estimated to reach $603. Casein & Derivatives Market Analysis and Latest Trends. To obtain a casein product that is soluble, the acid casein is neutralized with an alkali and spray-dried to obtain caseinates. KG, Royal FrieslandCampina N. This report provides an in-depth analysis of the casein and caseinates market in GCC. Online access and download. The global market for edible casein is projected to grow at a CAGR of 5. 9. The growth of the market is likely to be driven primarily by the booming food & beverage sector and increasing consumer awareness of dietary supplements with casein as an ingredient. This limits the applications of acid casein in some applications. 68% during 2023-2028. The wider functionality of casein and caseinates in enhancing the physical and nutritional quality, mainly its slower digestibility, drove its application in the food and beverages segment. 78 million in 2022 and is expected to expand at a CAGR of 8. 2% share of total exports. 2. This report provides an in-depth analysis of the global casein and caseinates market. 6% during 2016-2021. Over the period under review, the import price recorded a modest expansion. The global casein and caseinates market could be segmented into four major regions namely North America, Europe, Asia-Pacific, and LAMEA. What's the difference? Buy the report. Aided by increasing demand for protein-rich foods and rising awareness of health benefits of casein and caseinates, the market is expected to grow significantly by 2032. Casein and caseinate offer the most concentrated source of soluble casein protein available. Casein and Caseinates-Free Market Continues to Flourish with a market value of USD 45. The Tanzanian casein and caseinates market reached $X in 2022, with an increase of 8. Sent by email within 24h (Mon-Fri) $499 Basic Edition $1995 Professional Edition. Table 1: Global: Casein and Caseinates Market: Key Industry Highlights, 2022 and 2028 Table 2: Global: Casein and Caseinates Market Forecast: Breakup by Product Type (in Million US$), 2023-2028 Table 3: Global:. This report provides an in-depth analysis of the casein and caseinates market in Paraguay. Casein is a type of protein found in milk and provides a variety of amino acids. 6 Billion in 2017. 7 million for the current year and is projected to register a CAGR of 3. 26% during the forecast period. Sent by email within 24h (Mon-Fri) $499. Apart from food and beverages market, these products are also used for other market for various purposes. 26% throughout the course of the study's 2023– 2032 forecast. 2 Billion USD. 52 million by 2027. 10% between 2024 and 2032. The India Protein Market is expected to reach USD 1. This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Casein and Caseinates Market in all the Regions and Countries (specified above) for historic (2019 - 2022) and forecast (2023 - 2029) Periods with. 91% during the forecast period, reaching USD 5315. 0% to 89. . Single report. Thanks to the property of solubility these caseinates are used with powders that need instant dispersion into water. S. 8 million in 2022. The forecast exhibits the market prospects through. 71 million by the year 2028. 4 Billion in 2022. This limits the applications of acid casein in some applications. The global Casein And Caseinates market size was valued at USD 3185. Marketing of certain caseins and caseinates. 8% for the forecast period between 2017 and 2025. To meet the growing demand for protein-rich foods, Canada imports casein from the United States. 51 billion in. 8 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 4. from $280/monthThe casein protein market is estimated to surpass $5. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Sodium, potassium, and calcium caseinates are the most common types of caseinates on the market. SUBMIT QUERY By CODEX* standard Casein & Caseinates are defined as: Edible acid casein is the milk product obtained by. Sent by email within 24h (Mon-Fri) $499 Basic Edition $1995 Professional Edition. 6% CAGR during 2023-28, predicts MarkNtel Advisors in their recent research study. 25 million in 2021 and is. 8 million in 2022. Uruguay - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights. The Casein and Caseinates Market is projected to register around 4. 4 Billion in 2022. This analysis by one of the leading market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). 0% over the next five years. Looking forward, IMARC Group expects the market to reach US$ 4. 3. Latest "Casein And Caseinates Market" Insight Report for 2023 provides a comprehensive review of the industry's significant contributions, marketing approaches, and the latest advancements of. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The Casein and. In 2022, the market size for casein and caseinates was estimated at USD 10. 4 Billion in 2022. 9 billion by the end of 2027, in terms of revenue, growing at CAGR of 4. In 2022, the market is growing at a steady rate and with. The forecast exhibits the market prospects through. 6% during 2016-2021. The other is whey. The report focuses on the Casein And Caseinates market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Whey protein is a fast-digesting protein that is quickly. The forecast exhibits the market prospects through. . Dairy proteins, such as milk protein, casein, and whey protein are the sources of proteins offering various nutritional and. Looking forward, the publisher expects the market to reach US$ 4. 51 billion in 2023 to USD 45. . Acid Casein 741 is produced by controlled acidification of pure, pasteurised skim milk, resulting in precipitation of casein curd. Latest "Casein And Caseinates Market" Insight Report for 2023 provides a comprehensive review of the industry's significant contributions, marketing approaches, and the latest advancements of. The growing interest of consumers in convenient and healthy food & beverages, coupled with the mounting demand for processed food items as well as nutritional supplements, are the prime aspects projected to drive the Asia-Pacific Casein & Caseinates Market. Indeed, this major milk protein is the dietary protein having excellent nutritional quality due to its ability to meet the needs of essential amino acids and high digestibility []. Base Year. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house). 7% during the forecast. They’re high-quality proteins, as they contain. 6% CAGR during 2023-28, predicts the analyst in their recent research study. To obtain a casein product that is soluble, the acid casein is neutralized with an alkali and spray-dried to obtain caseinates. The forecast exhibits the market prospects through. Subscription. This report provides an in-depth analysis of the casein and caseinates market in Nepal. The global casein and caseinates market size reached US$ 3. This report provides an in-depth analysis of the casein and caseinates market in the UK. Looking forward, IMARC. 71 million by 2028. Coprecipitates. The United Kingdom Protein Market is expected to reach USD 532. S. com's offering. Press release - Decisive Markets Insights - CASEIN AND CASEINATES Market Top Key Players- AMCO Proteins, Makers Nutrition, LLC, Hoogwegt, The Tatua Cooperative Dairy Company Ltd Growth Trends. Subscription. Looking forward, IMARC Group expects the market to reach US$ 4.