PERMEATE MARKET ANALYSIS

Permeate MarketSize and Trends

Market Dynamics:-

Global permeate market is gaining major traction, owing to its application in standardizing milk while retaining taste and maintaining nutrition value at the same time. In food & beverages industry, permeate is used to enhance flavor and improve texture of food products. Low lactose permeate is now being used as electrolyte beverages. Growing global milk industry is expected to boost the permeate market during forecast period. According to Food and Agricultural Outlook, global milk consumption was registered at 811 million tons in 2017, which is projected to increase by 22% to 1,168 million tons by 2030.

Market Outlook:-

Asia Pacific is expected to hold dominance in the global permeate market over the forecast period. Growing population and rising demand for processed food is expected to provide traction to permeate market during the forecast period. For instance, according to the Associated Chambers of Commerce and Industry of India, India processed food industry was valued at US$ 258 billion in 2015, which is expected to increase to US$ 482 billion by 2020.

Growing meat consumption in Asia Pacific is also expected to propel demand for permeate during forecast period. For instance, according to Organization for Economic Co-operation and Development (OECD), China’s annual meat consumption was registered at 49 kg per capita in 2015, which is expected to increase 55 kg per capita by 2026.