The global permeate
market size is projected to total US$ 836.52 Mn in 2022.
Growing applications in dietary supplements and sports nutrition products are
expected to enable sales at a 4.5% CAGR, pushing the market size
to US$ 1.29 Bn in 2032. An in-depth market segmentation is carried
out that explores every angle of the global permeate market with
which valuable insights are obtained.
Global Permeate Market: Dynamics
The global market for permeates has been influenced by numerous
aspects that have a direct impact on the growth of the global market. Factors
such as increasing use of whey ingredients as supplementary food, rising demand
for prebiotics pushing revenue generation in the permeate market, increasing
use of dairy permeate as an alternative ingredient for sodium reduction,
increasing concerns of dental health, removal of milk quotas across major
European countries, rising demand as traditional sports drinks, increasing
consumer awareness and changing preferences, higher demand for clean label
products, increasing technological innovations, rising number of manufacturers
involved in permeate production, increasing investments by big players,
increase in the number of food manufacturers looking for ingredients with enhanced
functionality and fast growing food companies boosting the demand for dairy
ingredients are expected to support the growth of the global permeate market in
the years to follow. Also, few factors such as unsafe handling, stringent
government regulations with respect to food safety and increasing threats from
substitutes are challenging the growth of the global 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, Asia Pacific excluding Japan, Japan and Middle
East and Africa).
- By
region, permeate 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 period of forecast. North America permeate
market is anticipated to dominate the global market by region in the
coming years
- By
application, the animal feed segment is the largest segment in terms
of market value and is 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, 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: Competitive Landscape
The global permeate market research study has included key
players such as 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 Proteines S.A.S, Idaho Milk Products, Eurial G.I.E. (A
Subsidiary of Agrial), Eurosérum (A Subsidiary of Groupe Sodiaal), Agropur
Ingredients LLC. (A Subsidiary of Agropur Cooperative), SIA Baltic Dairy Board
and Milk Specialties.
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