Latin America Milk Permeate Powder Market

Latin America Milk Permeate Powder Market Growth and Forecast (2023 - 2028):

Latin America Milk Permeate Powder Market was worth USD xx billion in 2022 and estimated to be growing at a CAGR of xx% to reach USD xx billion by 2028.

Market Overview:

Permeates is a by-product from milk or whey by removing proteins and other components separation technique. This process is called as ultrafiltration. Since they are solid, they are called as solids of dairy products. It mainly contains lactose with vitamin and small percent of minerals compounds of milk. Milk permeate is obtained as the by-product after the production of milk derivatives from milk. Milk permeate is sprayed and dried to obtain milk permeate powder.

Milk powder is used in milk standardisation and as an alternative for skim milk and milk powder. The composition of milk components in milk permeates differ based on regional and seasonal factors. Dairy manufactures use milk permeate powder to standardise protein and fat levels of milk to meet government regulations and consumer expectation. Milk and Milk permeate powder differ in organoleptic properties but the composition is same because milk permeate powders are obtained from milk.

Drivers and Restraints:

Growing trend of buying nutrition rich food products among consumers and Cost-effective substitutes to improve the flavour and functional properties of food are the major factors for driving the growth of the market. Also, it is used for milk standardisation, for enhancing the flavour and eliminates use of other flavour enhancing ingredients, rising consumer health concerns and increase in disposable income drives the growth of the market. However, lack of awareness about permeates and limited number of professionals are hampering the growth of the market.

Latin America Milk Permeate Powder Market Segmentation Analysis:

The Latin America Milk Permeate Powder Market is segmented on the basis of application, as Baked Goods, Seasoning Mixes, Confectionery food, Dairy food, Soups and Sauces, Beverages, Meats and Others. Dairy food is expected to have the largest revenue among all the applications.

Region Analysis:

Geographically the Latin America Milk Permeate Powder Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the milk permeate powder market.

Key Players in the Market:

Major Key Players in the Latin America Milk Permeate Powder Market are

• Arla Foods Ingredients Group P/S
• Idaho Milk Products
• Interfood Holding b.v
• Van Lee Melkprodukten Barneveld BV
• Hoogwegt
• Batory Foods
• LACTALIS Ingredients