The permeate market is predicted to be worth US$885.25 million in 2023 and US$1,705.85 million by 2033. Permeate sales are predicted to grow at a strong CAGR of 6.8% during the forecast period.
A lot of variables have influenced the global market for permeates, all of which have a direct impact on market growth. Rising use of whey ingredient as supplementary food, rising demand for prebiotics driving revenue generation in the permeate market, rising use of dairy permeate as an alternative ingredient for sodium reduction, rising dental health concerns, removal of milk quotas across major European countries, rising demand for traditional sports drinks, rising consumer awareness and changing preferences, higher demand for clean label products, inc.
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Furthermore, concerns such as improper handling, severe government laws regarding food safety, and increasing threats from replacements are posing challenges to the global market’s growth.
Global Permeate Market: Segmental Highlights
The global permeate market is segmented by application (food and beverages industry and animal feed industry), by product type (whey permeate and milk permeate) and by region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa).
- By region, permeate market in the Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher pace than in other regions. The Asia Pacific excluding Japan permeate market is poised to register a high CAGR of 4.9% throughout the period of forecast. North America permeate market is anticipated to dominate the global market by region in the coming years
- By application, the animal feed segment is the largest segment in terms of market value and is highly lucrative segment. In the years to follow this segment is expected to lead the global market with a market estimation of about US$ 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: Key Forecasts
According to the research report on global permeate market, the global market is poised to grow at a moderate CAGR of 4.5% to reach a valuation of around US$ 1 Bn by the end of the assessment year from a value of about US$ 672 Mn in 2017.
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.
Permeate Market By Category
Product Type:
- Whey Permeate
- Milk Permeate
Applications:
- Food and Beverage Industry
- Dairy Products
- Bakery Products
- Soup and Sauces
- Meat Products
- Beverages
- Animal Feed Industry
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Frequently Asked Questions
- What is the global permeate market size?
- At what rate did the global permeate market grow between 2017 and 2022?
- What are the key trends boosting permeate sales?
- What is the North America permeate market outlook?
- What is the market share of the Europe permeate market?
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