(Entertainment-NewsWire.com, August 09, 2018 ) Permeate Market is worth USD xx million in 2018 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2023. The Global Permeate market is developing at an exceptionally quick pace.
Permeate is a dairy ingredient which is produced after the removal of protein and other ingredients from milk or whey and is rich in lactose content. It is one of the cost effective alternative to expensive ingredients which are used to add salty flavor to the food items. Permeate is used in various applications like bakery, prepared meals, soup and others. Moreover, high lactose in permeate results in brown appearance and caramelized aroma in baked products. Permeate is also used as an alternative to whole milk powder and skim milk.
The significant drivers are rising consumption of milk and increasing awareness among the consumers related to the health benefits associated with the consumption of permeate. However lack of awareness among consumers about the benefits associated with the use of the dairy ingredient such as permeate in the emerging countries limits the growth of Permeate market.
The Global Permeate market is segmented on the basis of Product Type, Application and region. Based on Product Type the market is segmented into Whey and milk. Whey is expected to dominate the market due to benefits associated with it such as less sweet than sucrose, absorbs synthetic and natural pigments, absorbs volatile flavor compounds and is more moisture resistant. Based on Applications the market is segmented into soups and sauces, dairy foods, beverages and meat. Dairy Foods is the leading segment due to health benefits associated with dairy products like high protein content.
Geographically, the Permeate market is segmented into Global, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America is expected to dominate the market while Asia Pacific is anticipated to witness significant growth.
American dairy product institute, Fonterra Co-Operative Group, Nestle S.A, Arla Foods Ingredients Inc., Silwan International General Trading LLC , La Belle Inc. and Volac International Limited are the leaders in the Global Permeate market.
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