Permeate Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027), a new research report created by Future Market Insights, offers several market insights on trends, advancements, major players, growth drivers, and constraints in significant global regions. Thorough market segmentation is conducted that investigates every facet of the worldwide permeate market and yields insightful information.
Global Permeate Market: Dynamics
Numerous factors that directly affect the expansion of the worldwide market have an impact on the penetrating market globally. Increasing dental health concerns, rising use of dairy permeate as an alternative ingredient for reducing sodium, rising use of whey ingredients as supplemental food, rising demand for prebiotics driving revenue generation in the permeate market, removal of milk quotas across major European countries, rising demand for traditional sports drinks, rising consumer awareness and shifting preferences, and increased demand for clean label products, among other factors, all contribute to the growth of the permeate industry.
In the years to come, the growth of the worldwide permeate market is anticipated to be supported by an increase in the number of food producers looking for ingredients with improved functionality and quickly expanding food companies driving up the need for dairy components. Additionally, a few elements like improper handling, strict government guidelines regarding food safety, and rising challenges from alternatives are impeding the expansion of the world market for permeates.
Global Permeate Market: Segmental Highlights
The global permeate market is segmented by application (food and beverages industry and animal feed industry), by product type (whey permeate and milk permeate), and by region (North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific excluding Japan, Japan, and the Middle East and Africa).
- By region, permeate the market in the Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher pace than in other regions. The Asia Pacific excluding Japan permeate market is poised to register a high CAGR of 4.9% throughout the forecast. North America’s permeate market is anticipated to dominate the global market by region in the coming years
- By application, the animal feed segment is the largest in terms of market value and is a highly lucrative segment. In the years to follow this segment is expected to lead the global market with a market estimation of about US$ 796 Mn by the end of the forecast period
- By product type, the whey permeate segment is anticipated to grow at a higher pace to register a CAGR of 4.6% during the period of forecast and is estimated to reach a valuation of more than US$ 900 Mn by the end of 2027
Global Permeate Market: Key Forecasts
The global market for permeate is anticipated to develop at a moderate CAGR of 4.5 percent, from a value of about US$ 672 Mn in 2017 to a valuation of around US$ 1 Bn by the end of the assessment year.
Global Permeate Market: Competitive Landscape
The key participants in the research study on the global permeate market include Arla Foods Ingredients Group P/S (A subsidiary of Arla Foods), Arion Dairy Products B.V., VOLAC INTERNATIONAL LIMITED, Hoogwegt, Lactalis Ingredients (A subsidiary of LACTALIS GROUP), Van Lee Melkprodukten Barneveld BV, Armor Proteins S.A.S., Idaho Milk Products, Eurial G.I.E