NEWARK, Del, April 18, 2023 (GLOBE NEWSWIRE) -- The global permeate market is projected to be worth US$ 885.3 million by 2023 and is expected to grow to US$ 1,705.9 million by 2033 at a CAGR of 6.8%.
Permeate has potential uses as a nutrient-rich ingredient in animal feed, biodegradable plastics, and renewable energy sources. However, the market faces challenges such as increased regulation and competition from other sweeteners.
The whey permeate segment is expected to acquire 63% of the market share due to its cost-effectiveness, flavor-enhancing abilities, and nutritional properties.
For insights on global, regional, and country-level parameters with growth opportunities from 2023 to 2033 - Download a sample report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-900
Milk permeate is projected to gain a 37% market share by 2033 due to its functional qualities that can enhance the texture and stability of food and beverage products.
The animal feed segment is expected to account for almost 75% of the total market share in 2022 due to the palatability and taste-enhancing properties of permeate in animal feed.
The United States is expected to account for 37% of the global market share in 2023 due to increased consumer awareness of protein requirements and the presence of a thriving food and beverage sector.
China is projected to gain an edge over the market due to increased production and consumption of meat and dairy products, while Germany is expected to capture 7% of the market share in 2033 due to its position as one of Europe's top dairy producers. Overall, permeate is an attractive ingredient for food and beverage manufacturers due to its affordability, functional properties, and sustainability.
Competitive Landscape
Leading players in the worldwide permeate market are spending on research and development to broaden their product portfolios and cater to a larger consumer pool. Aside from that, firms are investing in mergers, acquisitions, and collaborations in order to get a competitive advantage in the industry.
Use promo code ->> FMITODAY to get flat 20% discount
Latest Developments/Key Companies Profile
- Arla Foods components: A leading global provider of whey protein components, this Danish company has been investing substantially in permeate as a value-added ingredient for the food sector.
- Arla introduced a new line of high-quality permeate powders under the Nutrilac brand in 2019. These powders are made from fresh, sweet whey and have a neutral flavor, making them excellent for a variety of applications such as bakery, dairy, and confectionery items.
- Milk Specialties Global: This US-based company is a prominent manufacturer of high-quality dairy ingredients and has recently focused on increasing it’s permeate business. In 2019, Milk Specialties Global announced the introduction of a new line of permeate products for use in animal feed and pet food applications.
- Lactalis Ingredients, based in France, will debut a new whey drying tower at its Verdun facility in December 2021. The new plant has a 30,000-tonne production capacity, allowing the company to grow into new markets.
- Valio: This Finnish dairy company is a top producer of lactose-free dairy products and has been focusing on developing new food-industry applications for permeate.
- Valio announced the release of a new line of permeate powders in 2020, which are intended to be used as a natural and sustainable sweetener in food and beverage goods. In addition, the company has been developing new processing technologies to increase the quality and usefulness of its permeate products.
Let us know about your challenges and our trusted advisors will connect with you@ https://www.futuremarketinsights.com/ask-question/rep-gb-900
Key Segments Covered in the Market Report
Product Type:
- Whey Permeate
- Milk Permeate
Applications:
- Food and Beverage Industry
- Dairy Products
- Bakery Products
- Soup and Sauces
- Meat Products
- Beverages
- Animal Feed Industry
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
Browse the Full Report for in-depth Information@ https://www.futuremarketinsights.com/reports/permeate-market
Table of Content
1. Executive Summary | Permeate Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033
Explore FMI’s Extensive Coverage on Food & Beverage Domain:
Dairy Products Market Size: The net worth of the market share of dairy products is predicted to grow from US$ 529.05 billion in 2023 to over US$ 845.50 billion by 2033. The market is expected to register a CAGR of 4.8% from 2023 to 2033.
Dairy Processing Equipment Market Share: The global dairy processing equipment market is expected to grow at a CAGR of 5.4% during the forecast period (2022 to 2032).
Dairy Alternatives Market Demand: The dairy alternatives market is anticipated to be valued at US$ 21.2 billion in 2023. It is predicted to reach a value of US$ 47.1 billion in 2033, growing at an estimated 8.3% CAGR from 2023 to 2033.
Dairy Blends Market Growth: The dairy blends market is anticipated to thrive at a steady CAGR of 7.7% during the forecast period. The market holds a share of US$ 2.4 Million in 2023 while expecting revenue of US$ 5.1 Billion by 2033.
Dairy Concentrate Market Value: The global dairy concentrate market is expected to be valued at US$ 20 billion in 2023 and is likely to reach a valuation of US$ 42.2 billion by 2033
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Future Market Insights accoladed by The 2023 Asia-Pacific Stevie Awards: https://www.futuremarketinsights.com/blogs/asia-pacific-stevie-awards-2023
