Whey Permeate Market Research Report—Global Forecast till 2028

Whey Permeate Market Research Report: Information by Application (Food & Beverage, Animal Feed, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2028

ID: MRFR/F-B & N/9273-HCR | January 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. MARKET INTRODUCTION

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. MARKET RESEARCH METHODOLOGY

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. MARKET LANDSCAPE

4.1. Supply Chain Analysis

4.1.1. Raw Material Suppliers

4.1.2. Manufacturers/Producers

4.1.3. Distributors/Retailers/Wholesalers/E-Commerce

4.1.4. End Users

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitutes

4.2.5. Internal Rivalry

4.3. Impact of COVID-19 outbreak on Global Whey Permeate Market

4.3.1. Impact on Production

4.3.2. Impact on Raw Material Availability

4.3.3. Impact on Application Industries

4.3.4. Others

5. MARKET DYNAMICS OF THE GLOBAL WHEY PERMEATE MARKET

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

6. GLOBAL WHEY PERMEATE MARKET, BY APPLICATION

6.1. Introduction

6.2. Food & Beverage

6.2.1. Market Estimates & Forecast, 2021-2028

6.2.2. Market Estimates & Forecast, by Region, 2021-2028

6.2.3. Bakery & Confectionery

6.2.3.1. Market Estimates & Forecast, 2021-2028

6.2.3.2. Market Estimates & Forecast, by Region, 2021-2028

6.2.4. Beverages

6.2.4.1. Market Estimates & Forecast, 2021-2028

6.2.4.2. Market Estimates & Forecast, by Region, 2021-2028

6.2.5. Sweet & Savory Snacks

6.2.5.1. Market Estimates & Forecast, 2021-2028

6.2.5.2. Market Estimates & Forecast, by Region, 2021-2028

6.2.6. Dairy & Frozen Desserts

6.2.6.1. Market Estimates & Forecast, 2021-2028

6.2.6.2. Market Estimates & Forecast, by Region, 2021-2028

6.2.7. Others

6.2.7.1. Market Estimates & Forecast, 2021-2028

6.2.7.2. Market Estimates & Forecast, by Region, 2021-2028

6.3. Animal Feed

6.3.1. Market Estimates & Forecast, 2021-2028

6.3.2. Market Estimates & Forecast, by Region, 2021-2028

6.4. Others

6.4.1. Market Estimates & Forecast, 2021-2028

6.4.2. Market Estimates & Forecast, by Region, 2021-2028

7. GLOBAL WHEY PERMEATE MARKET, BY REGION

7.1. Introduction

7.2. North America

7.2.1. Market Estimates & Forecast, 2021-2028

7.2.2. Market Estimates & Forecast, by Application, 2021-2028

7.2.3. Market Estimates & Forecast, by Country, 2021-2028

7.2.4. US

7.2.4.1. Market Estimates & Forecast, by Application, 2021-2028

7.2.5. Mexico

7.2.5.1. Market Estimates & Forecast, by Application, 2021-2028

7.3. Europe

7.3.1. Market Estimates & Forecast, 2021-2028

7.3.2. Market Estimates & Forecast, by Application, 2021-2028

7.3.3. Market Estimates & Forecast, by Country, 2021-2028

7.3.4. Russia

7.3.4.1. Market Estimates & Forecast, by Application, 2021-2028

7.3.5. UK

7.3.5.1. Market Estimates & Forecast, by Application, 2021-2028

7.3.6. France

7.3.6.1. Market Estimates & Forecast, by Application, 2021-2028

7.3.7. Spain

7.3.7.1. Market Estimates & Forecast, by Application, 2021-2028

7.3.8. Italy

7.3.8.1. Market Estimates & Forecast, by Application, 2021-2028

7.3.9. Rest of Europe

7.3.9.1. Market Estimates & Forecast, by Application, 2021-2028

7.4. Asia-Pacific

7.4.1. Market Estimates & Forecast, 2021-2028

7.4.2. Market Estimates & Forecast, by Application, 2021-2028

7.4.3. Market Estimates & Forecast, by Country, 2021-2028

7.4.4. China

7.4.4.1. Market Estimates & Forecast, by Application, 2021-2028

7.4.5. Japan

7.4.5.1. Market Estimates & Forecast, by Application, 2021-2028

7.4.6. India

7.4.6.1. Market Estimates & Forecast, by Application, 2021-2028

7.4.7. Australia & New Zealand

7.4.7.1. Market Estimates & Forecast, by Application, 2021-2028

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market Estimates & Forecast, by Application, 2021-2028

7.5. Rest of the World

7.5.1. Market Estimates & Forecast, 2021-2028

7.5.2. Market Estimates & Forecast, by Application, 2021-2028

7.5.3. Market Estimates & Forecast, by Region, 2021-2028

7.5.4. South America

7.5.4.1. Market Estimates & Forecast, by Application, 2021-2028

7.5.5. Middle East

7.5.5.1. Market Estimates & Forecast, by Application, 2021-2028

7.5.6. Africa

7.5.6.1. Market Estimates & Forecast, by Application, 2021-2028

8. COMPETITIVE LANDSCAPE

8.1. Introduction

8.2. Market Strategy

8.3. Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

9. COMPANY PROFILES

9.1. Arla Foods

9.1.1. Company Overview

9.1.2. Financial Updates

9.1.3. Product/Business Segment Overview

9.1.4. Strategies

9.1.5. Key Developments

9.1.6. SWOT Analysis

9.2. Agri-Dairy Products, Inc

9.2.1. Company Overview

9.2.2. Financial Updates

9.2.3. Product/Business Segment Overview

9.2.4. Strategies

9.2.5. Key Developments

9.2.6. SWOT Analysis

9.3. Melkweg Holland BV

9.3.1. Company Overview

9.3.2. Financial Updates

9.3.3. Product/Business Segment Overview

9.3.4. Strategies

9.3.5. Key Developments

9.3.6. SWOT Analysis

9.4. Lactalis Ingredients

9.4.1. Company Overview

9.4.2. Financial Updates

9.4.3. Product/Business Segment Overview

9.4.4. Strategies

9.4.5. Key Developments

9.4.6. SWOT Analysis

9.5. Arion Dairy Products

9.5.1. Company Overview

9.5.2. Financial Updates

9.5.3. Product/Business Segment Overview

9.5.4. Strategies

9.5.5. Key Developments

9.5.6. SWOT Analysis

9.6. Havero Hoogwegt B.V.

9.6.1. Company Overview

9.6.2. Financial Updates

9.6.3. Product/Business Segment Overview

9.6.4. Strategies

9.6.5. Key Developments

9.6.6. SWOT Analysis

9.7. Sloan Valley Dairies Ltd.

9.7.1. Company Overview

9.7.2. Financial Updates

9.7.3. Product/Business Segment Overview

9.7.4. Strategies

9.7.5. Key Developments

9.7.6. SWOT Analysis

9.8. FIT Company

9.8.1. Company Overview

9.8.2. Financial Updates

9.8.3. Product/Business Segment Overview

9.8.4. Strategies

9.8.5. Key Developments

9.8.6. SWOT Analysis

9.9. Agropur Ingredients

9.9.1. Company Overview

9.9.2. Financial Updates

9.9.3. Product/Business Segment Overview

9.9.4. Strategies

9.9.5. Key Developments

9.9.6. SWOT Analysis

9.10. American Dairy Products Institute

9.10.1. Company Overview

9.10.2. Financial Updates

9.10.3. Product/Business Segment Overview

9.10.4. Strategies

9.10.5. Key Developments

9.10.6. SWOT Analysis

10. CONCLUSION

LIST OF TABLES

TABLE 1 Global Whey Permeate Market, by Region, 2019–2028 (USD Million)

TABLE 2 Global Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 3 North America: Whey Permeate Market, by Country, 2019–2028 (USD Million)

TABLE 4 North America: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 5 US: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 6 Mexico: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 7 Europe: Whey Permeate Market, by Country, 2019–2028 (USD Million)

TABLE 8 Europe: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 9 Russia: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 10 France: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 11 Italy: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 12 Spain: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 13 UK: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 14 Rest of Europe: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 15 Asia-Pacific: Whey Permeate Market, by Country, 2019–2028 (USD Million)

TABLE 16 Asia-Pacific: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 17 China: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 18 India: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 18 Japan: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 19 Rest of Asia-Pacific: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 20 Rest of the World (RoW): Whey Permeate Market, by Region, 2019–2028 (USD Million)

TABLE 21 Rest of the World (RoW): Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 22 South America: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 23 Middle East: Whey Permeate Market, by Application, 2019–2028 (USD Million)

TABLE 24 Africa: Whey Permeate Market, by Application, 2019–2028 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Whey Permeate Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Whey Permeate Market

FIGURE 4 Value Chain of the Global Whey Permeate Market

FIGURE 5 Share of the Global Whey Permeate Market in 2020, by Country (%)

FIGURE 6 Global Whey Permeate Market, by Region, 2019–2028,

FIGURE 7 Global Whey Permeate Market Size, by Application, 2020

FIGURE 8 Share of the Global Whey Permeate Market, by Application, 2019–2028 (%)

Whey Permeate Market

Whey permeate market size is projected to reach approximately USD 970.6 million by 2028, at a CAGR of 4.05% from 2021 to 2028.

Segmentation

By Application Food & Beverage Animal Feed
By Region North America Europe Asia Pacific Rest Of The World

Key Players

  • Arla Foods amba (Denmark)
  • Agri-Dairy Products Inc. (US)
  • Melkweg Holland BV (Netherlands)
  • LACTALIS Ingredients (France)
  • Arion Dairy Products B.V. (Netherlands)
  • Havero Hoogwegt B.V. (Netherlands)
  • Sloan Valley Dairies Ltd. (Canada)
  • FIT Company (France)
  • Agropur Ingredients (US)
  • American Dairy Products Institute (US).

Drivers

  • Increasing Application in Feed Industry
Speak to Analyst Request a Free Sample

Whey Permeate Market Overview


The global whey permeate market size is projected to reach approximately USD 970.6 million by 2028, at a CAGR of 4.05% from 2021 to 2028. Whey permeate is the most cost-competitive source of dairy solids. It has clean dairy flavor, owing to which whey permeate can easily replace whey powder across food, beverage or feed applications. Whey permeate is obtained by using ultrafiltration to remove whey protein from pasteurized white cheese whey. Whey permeate is a byproduct of the cheese-making industry and contains 44–50 g l−1 lactose. Owing to this, it is considered as a suitable substrate for AB fermentation. Whey permeate has numerous applications in the fermentation industry as it contains about 70%–90% of the processed milk, lactose, nitrogenous substances, and minerals. Whey permeate is used as an ingredient in the production of various products in the bakery & confectionery, beverages, sweet & savory snacks, and dairy & frozen desserts industry. One of the fields of application of whey is to be used in the feed of the livestock directly or after processing. Whey powders can be preserved in dried and concentrated form for a longer time period. Owing to this, these products are used majorly in animal nutrition.


COVID-19 Impact Analysis


The impact of COVID-19 has affected negatively on the distribution and sales of different products across several industries. Many countries are under lockdown and have sealed their borders to control the spread of the virus. The impact of COVID-19 on logistics has disturbed the supply of raw materials. Owing to this, the production capacity has decreased and, thus, there is shortage of products. These factors are expected to cause a price rise of products in short run.


The supply chain of the whey permeate market comprises manufacturers, distributors, and end user. The COVID-19 pandemic has impacted the supply chain, as many countries are under lockdown and have sealed their borders to control the spread of the virus. The global economy is struggling with the pandemic situation currently. Due to this, it has impacted on the global whey permeate market. The impact is growing owing to the rapid weakening of global investment flows. The outbreak has led to a significant restriction in transportation, driving a knock-on effect globally. These effects are expected to continue owing to the uncertainty in the global market and measures to address the supply/demand imbalance.


Market Dynamics


Whey permeate is also known as the high lactose dairy product solids. The whey permeate is loved by consumers, owing to its sweet taste and pleasant flavor. The whey permeate is sweeter than the sweet whey available in the market. Owing to this, the demand for whey permeate is increasing from the confectionary industry across the world. The whey permeate is considered safe and suitable for both feed and food applications, as it is a GRAS approved product. Moreover, whey permeate is considered as a cost-saving ingredient as it can be easily replaced with other more expensive ingredients such as whey powder and pure lactose. Owing to this, the market for whey permeate is expected to experience a growing demand in coming years. However, increasing incidences an awareness about lactose intolerance among consumers is expected to restrict the market growth for the forecast period.


Drivers


  • Increasing Application in Feed Industry


Consumption rate of permeate is high in animal feed application, as permeate has different applications such as enhancing sodium reduction, maintaining nutrition and health, hydration solution, and sweetener solutions. Increasing consumption of milk permeate powder as a filler in case of milk substitutes for calves and growing usage of whey permeate in pigs feed is driving the popularity and importance of permeate in the animal feed industry. whey permeate offers protein rate standardization and acts as a bulking agent which provides good fluidity and flow in animal feed. Moreover, whey permeate is a free-flowing powder which blends uniformly and dissolves easily, even in the high-moisture conditions. Owing to this, it has become an ideal choice, particularly for baby pigs, poultry, cattle, and aquaculture feed. Furthermore, the demand for delactosed whey is growing, owing to its lower price as compared to other animal feed products. All the factors mentioned above are collectively enhancing the demand for whey permeate market for the forecast period.

Restraint:


  • Growing Incidences of Lactose Intolerance


There has been a rise in the number of cases of lactose intolerance across the globe. Lactose intolerant people lack the enzyme lactase in their small intestine, which breaks down lactose into simpler sugars. Lactose intolerance includes an allergy to dairy products, deficiency of disaccharides, and lactase deficiency. Undigested or partially digested lactose leads to abdominal bloating, stomach pain, diarrhea, tiredness, sleep disturbances, vomiting, and other health problems. Estimates for lactose intolerance vary by ethnicity. African, American, and Asian ethnicities see a 75% - 95% lactose intolerance rate, while northern Europeans have a lower rate at 18% - 26% lactose intolerance. The presence of lactose intolerance across the globe has forced people to opt for alternatives to lactose containing products. This has led to an increased sale of lactose free products in recent years. Whey permeate is a byproduct of the cheese-making industry, which contains 44–50 g l−1 lactose. the average content of lactose is 80% in whey permeate. This can be a major restraining factor for the growth of global whey permeate market for the forecast period.

Opportunity:


  • Cost Effective Alternative


Whey permeate provides cost-effective functional and flavor benefits in food industry. Around 76-85% of permeate is lactose, so the functionality of permeate is dictated by the lactose content. The ash contains calcium, phosphorus and other valuable minerals, which contribute to the overall mineral profile of a food product. Moreover, fat content in whey permeate is very low, so there is no added functionality from the fat. Also, whey permeate is a fast-moving ingredient increasingly finding applications in numerous different bakery categories such as cakes, biscuits, and baking mixes. Because it is the most cost effective dairy solid on the market, which is capable of replacing lactose, sweet whey powder, and skimmed milk powder. Furthermore, whey permeate is more price attractive than lactose and shows less price fluctuations than other dairy solids. This creates huge growth opportunity for whey permeate market for coming years.

Segment Overview


By Application


By application, the global whey permeate market has been segmented as food & beverage, animal feed, and others. Food & beverage is further segmented as bakery & confectionery, beverages, sweet & savory snacks, dairy & frozen desserts, others. Food & beverage segment accounted for the largest market share in 2020 and is expected to raise at a decent pace during the forecast period. Whey permeate can be used as a fat-free carbohydrate ingredient, including as a bulk sweetener in chocolate and confectionery products. Whey permeate is an excellently replaces expensive milk solids without altering the taste and texture of food products or requiring changes to processing parameters. The numerous benefits of whey permeate in the food & beverage industry is driving the whey permeate market in food & beverage industry for the period forecasted.


Global Whey Permeate Market Share, by Region, 2020 (%)

Sources: MRFR Analysis


Regional Analysis


By region, the global whey permeate market has been divided into North America, Europe, Asia-Pacific, and the rest of the World. North America accounted for the largest market share in 2020. Asia-Pacific is projected to exhibit the highest CAGR of 4.60% during the review period.


North America Market


North America dominated the global Whey Permeate market in 2020 and is also expected to dominate the market during the forecast period. North America is one of the top producers of whey permeate, according to the International Dairy Federation. The majority of the whey permeate in North America is used in animal feed. Owing to the increasing applications of whey permeate in feed industry, the market is expected to experience in a significant growth for the forecast period.


Asia-Pacific Market


Asia-Pacific is expected to grow at fastest pace during the forecast period. The growth of the Whey Permeate market in the Asia-Pacific region is anticipated to be driven by various trends changing in countries such as China. Chinese food standards kept whey permeate out of the market until recent years. However, in 2020 China accepted the imports of whey permeate in the market. The changing trends in the region and increasing inclination towards usage of whey permeate is expected to drive the whey permeate market in the region.


Competitive Landscape


The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such as Arla Foods amba (Denmark), and Agri-Dairy Products, Inc. (US) dominate the global whey permeate market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.


Prominent players in the global whey permeate market are Arla Foods amba (Denmark), Agri-Dairy Products, Inc. (US), Melkweg Holland BV (Netherlands), LACTALIS Ingredients (France), Arion Dairy Products B.V. (Netherlands), Havero Hoogwegt B.V. (Netherlands), Sloan Valley Dairies Ltd. (Canada), FIT Company (France), Agropur Ingredients (US), and American Dairy Products Institute (US).


Scope of the Report


Global Whey Permeate Market, by Application



  • Food & Beverage

    • Bakery & Confectionery

    • Beverages

    • Sweet & Savory Snacks

    • Dairy & Frozen Desserts

    • Others



  • Animal Feed

  • Others


Global Whey Permeate Market, by Region


  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Market Size and Forecast:


To identify and estimate the market size for global whey permeate market segmented by application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of whey permeate during the period of 2019-2028


Market Landscape and Trends:


To identify and infer, the drivers, restraints, opportunities and challenges for the global whey permeate market


Market Influencing Factors:


To find out the factors which are affecting the sales of whey permeate among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the global whey permeate market affected by the pandemic


Company Profiling:


To provide a detailed insight on the major companies operating in the global whey permeate market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Whey Permeate Producers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



Report Scope:
Report Attribute/Metric Details
  Market Size   2028: USD 970.6 Million
  CAGR   4.05% CAGR (2021-2028)
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Arla Foods amba (Denmark), Agri-Dairy Products, Inc. (US), Melkweg Holland BV (Netherlands), LACTALIS Ingredients (France), Arion Dairy Products B.V. (Netherlands), Havero Hoogwegt B.V. (Netherlands), Sloan Valley Dairies Ltd. (Canada), FIT Company (France), Agropur Ingredients (US), and American Dairy Products Institute (US)
  Key Market Opportunities   Cost Effective Alternative
  Key Market Drivers   Increasing Application in Feed Industry


Speak to Analyst Ask for Customization