Global Permeate Market Anticipated to Reach a Value of US$511.4 Mn by 2027

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The global permeate food market is anticipated to display moderate growth during the period of assessment. The global permeate market has been witnessing a steady growth since 2012. As per this research report, the global market for permeates is estimated at US$ 672.4 Mn in 2017 and is expected to reach a valuation of more than US$ 1 Bn by the end of the period of assessment. The global permeate market is poised to grow at a moderate rate to register a CAGR of 4.5% throughout the period of forecast, 2017-2027.  This growth can be attributed to the rise in global consumption of food products, increasing consumption of milk products and milk and rising expenditure on dairy products owing to increase in disposable income. Moreover, the companies involved in permeate market are dealing in contractual procurement for better results.

Food and beverages to show high pace

Food and beverage segment in the application category has been gaining steam since past couple of years. The consumption of permeates in this segment has been rising and the segment is poised to grow at a higher CAGR of 4.6% throughout the period of forecast. The market estimation of this segment in 2017 is around US$ 161 Mn and is anticipated to reach a value of more than US$ 250 Mn by the end of 2027.

However, the animal feed segment is expected to be the largest segment with a higher market value. In 2017, this segment reflected a value of US$ 511.4 Mn and is estimated to reach a value of about US$ 796.8 Mn by the end of the period of assessment. This segment is poised to grow at a CAGR of 4.5% and is likely to dominate the global permeate market by application category. Also it is considered as a highly lucrative segment from an investment standpoint.

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Bakery products to cement dominance in the coming years

Food and beverages segment is further segmented into dairy products, bakery products, soup and sauces, meat products, beverages and others. The bakery products sub segment is expected to show higher growth and valuation in the coming years. This sub segment has been leading the market since 2017 with an estimation of US$ 42.8 Mn and is likely to retain its status quo in the years to come thus dominating the market in 2027. By the end of the assessment year, the bakery products sub segment is anticipated to show a value of around US$ 70 Mn, growing at a high CAGR of 5.0% throughout the period of assessment.

The dairy products sub segment also shows high potential and is the second largest sub segment with respect to value. By the end of 2027, this sub segment is expected to reflect a significant market value more than US$ 55 Mn from an estimation of US$ 37.1 Mn in 2017. This sub segment is projected to grow at a steady CAGR of 4.6% during the period of forecast 2017-2027. Other sub segments are expected to grow at a steady pace in the years to come.

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