Milk permeate market is obtained as a co-product after production of milk derivatives such as unfiltered milk, protein isolate and protein concentrate.
New York, NY -- (SBWIRE) -- 03/10/2017 -- The use of milk permeate powder as cost-effective alternatives to improve the flavour and functional properties of food is the major driver for the growth of global permeate powder market. Milk permeate powder have umami effect, due to which it enhances the flavour and eliminates use of other flavour enhancing ingredients. Milk permeate powders are also used for milk standardisation, which is expected to boost the growth of global milk permeate powder market. The rising consumer health concern and the growing trend of buying nutrition rich food products among consumers, is anticipated to drive the global milk permeate powder market.
However, the lack of awareness regarding the benefits of permeates, among consumers in emerging countries is expected to hamper the growth of global milk permeate powder market.
The global milk permeate powder market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). North America accounts for major share in global milk permeate powder market. In North America, U.S. milk permeate powder market accounts for significant share. This is attributed to the increasing number of permeate manufacturers and the growing interest for the use of permeates in food and beverage industries in the region. Europe is anticipated to project high CAGR during the forecast period as the region accounts for significant share in global milk ingredients market. APAC is expected to record high growth rate during the forecast period. The rising population in the region, has led to increasing demand for dairy products. APAC has a major share in the import market of dairy ingredients, which is expected to boost the growth of milk permeate powder market in the region. MEA and Latin America are expected to register moderate CAGR during the forecast period, owing to rise in demand for dairy products in these regions.
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Some of the key players in the global milk permeate powder market are as follows:
-Idaho Milk Products
-Arla Foods Ingredients Group P/S
-Van Lee Melkprodukten Barneveld BV
-Interfood Holding b.v.
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