USD 33.96 billion
Egg Protein Market Size, Share, Growth Analysis, By Type(Egg White Protein, Whole Egg Protein, and Egg Yolk Protein), By Application(Food & beverages, nutrition, personal care & cosmetics, feed), By Form(Solid, Liquid), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2268 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
91
|Figures:
76
Egg Protein Market Insights
Global Egg Protein Market size was valued at USD 33.96 billion in 2022 and is poised to grow from USD 36.10 billion in 2023 to USD 58.85 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
The global egg protein market has experienced steady growth in recent years. This growth can be attributed to several factors, including the increasing consumer demand for high-quality protein sources, the rising popularity of dietary supplements and functional foods, and the expanding applications of egg proteins in various industries such as food and beverage, pharmaceuticals, and cosmetics. The nutritional benefits of egg proteins, which are rich in essential amino acids, vitamins, and minerals, have further contributed to their widespread adoption.
Additionally, technological advancements in processing techniques have improved the quality and functionality of egg protein products, making them more versatile for use in different products. However, challenges related to allergies and the potential for price fluctuations in the egg market could impact the growth trajectory of the egg protein market in the coming years.
US Egg Protein Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Food and Beverages
Fastest Growth
Food and Beverages
Growth Rate
6.3% CAGR
Global Egg Protein Market ($ Bn)
Country Share for North America Region (%)
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Egg Protein Market Segmental Analysis
The global egg protein market is segmented into type, application, form, and region. By type, the market is categorized into egg white protein, whole egg protein, and egg yolk protein. In terms of application, it is divided into food & beverages, nutrition, personal care & cosmetics, feed, and others. Depending on form, it is bifurcated into solid and liquid. Geographically, the market is divided into key regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Egg Protein Market Analysis by Type
The egg white protein holds the largest market share and is the fastest growing as well in the global egg protein market. This dominance can be attributed to several factors. Egg white protein, also known as egg albumin, is widely recognized for its high protein content and excellent amino acid profile. Its allergen-free nature, in comparison to egg yolk protein, also contributes to its broader consumer appeal. Moreover, the increasing demand for protein supplements, particularly among athletes and fitness enthusiasts, has driven the demand for egg white protein due to its amino acid profile that supports muscle recovery and growth.
Egg Protein Market Analysis by Application
The dominance in the market among all the applications is particularly notable in the food and beverage sector. This is primarily due to the versatility of egg proteins in enhancing the nutritional content, texture, and overall quality of a wide range of food products, including baked goods, dairy alternatives, meat products, and more. The functional properties of egg proteins, such as emulsification, foaming, and binding, make them valuable ingredients for improving the sensory attributes and shelf life of foods.
Fastest-growing adoption is witnessed in the field of nutrition. The increasing consumer awareness of health and wellness, along with the growing demand for protein-rich diets, has driven the surge in nutritional products containing egg proteins. These proteins are valued for their complete amino acid profile, aiding muscle recovery and overall well-being. Additionally, egg proteins are versatile and can be incorporated into various nutritional formats such as protein powders, bars, and shakes. This aligns with the trend towards convenient and functional foods that cater to busy lifestyles.
Global Egg protein Market By Application
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Egg Protein Market Regional Insights
North America currently dominates the global egg protein market. This can be attributed to factors such as the region's well-established food and beverage industry, growing consumer awareness about the nutritional benefits of egg proteins and increasing demand for healthier and protein-rich products. The rising popularity of dietary supplements and functional foods, coupled with a focus on product innovation, further supports the region's dominant position in the market.
Asia Pacific is, however, emerging as the fastest-growing market for egg protein globally. This growth can be attributed to several factors, including the region's increasing population, rising disposable income, and shifting dietary preferences towards healthier and protein-rich foods. Additionally, the expanding food and beverage industry in countries like China and India, coupled with a growing awareness of the nutritional benefits of egg proteins, is driving the demand for these products. The Asia Pacific region also has a strong presence of key egg protein manufacturers and suppliers, further fueling market growth.
Global Egg Protein Maket By Geography
- Largest
- Fastest
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Egg Protein Market Dynamics
Egg Protein Market Drivers
Increasing Number of Consumers are Shifting toward a High Protein Diet
- The surge in the desire for animal-derived protein, coupled with the rising consumer inclination towards diets abundant in lean protein and low fat, has led to a notable upswing in the worldwide utilization of animal-based protein sources like eggs. There is a considerable market demand for breakfast items that incorporate protein and fiber-enriched components. This demand stems from the growing global trend of individuals embracing high-protein diets for their morning meals. This shift is projected to contribute significantly to the egg protein market's retail presence and overall market portion on a global scale.
Egg Protein Market Restraints
Price Volatility in Egg Market
- A significant challenge facing the global egg protein market is the inherent price volatility within the egg industry. Fluctuations in egg prices can be influenced by factors such as feed costs, disease outbreaks affecting poultry, and supply-demand imbalances. This volatility directly impacts the production cost of egg protein products, leading to uncertainties for manufacturers and potential price fluctuations for consumers. The market's dependency on a stable and cost-effective egg supply chain poses a notable restraint, as it can affect the affordability and profitability of egg protein products, potentially hindering market growth and investment.
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Egg Protein Market Competitive Landscape
The competitive landscape of the global egg protein market is marked by a diverse array of players striving to establish their foothold in this rapidly growing industry. Key participant entities compete by emphasizing product innovation, quality enhancement, and expanding their distribution networks.
Moreover, strategic collaborations, mergers, and acquisitions are prevalent strategies to gain a competitive edge and broaden market reach. With a focus on catering to evolving consumer preferences for protein-enriched products, players are investing in research and development to create novel egg protein formulations suitable for various applications in the food, beverage, dietary supplement, and cosmetics sectors.
Egg Protein Market Top Player’s Company Profiles
- Argill (US)
- Kewpie Corporation (Japan)
- Rose Acre Farms (US)
- Eurovo Group (Italy)
- Rembrandt Foods (US)
- Bouwhuis Enthoven (Netherlands)
- VH Group (India)
- SKM Egg Products (India)
- Noble Foods (UK)
- Cal-Maine Foods (US)
- Pulviver (Spain)
- Taiyo Kagaku Co., Ltd. (Japan)
- Sanovo Technology Group (Denmark)
- Adriaan Goede BV (Netherlands)
- Michael Foods (US)
- E.I. du Pont de Nemours and Company (DuPont) (US)
- Ovostar Union (Ukraine)
- Dalian Hanovo Foods (China)
- Daybreak Foods (US)
- Avangardco Investments Public Limited (Ukraine)
Egg Protein Market Recent Developments
- Grupo Nutresa and EVERY Co. worked together in October 2023 to integrate their production capacities. While the latter is the leading CPG food firm in Colombia, the former is a developing producer of protein.
- March 2023: PoLoPo, an Israeli company, secured funding for its innovative venture in producing egg protein from potatoes. The funding is set to bolster PoLoPo's technological platform, commencing with the synthesis of ovalbumin, a pivotal protein found in egg whites. Anticipating progress, the company aims to unveil prototypes in the coming 18 months, encompassing potato tubers enriched with protein as well as operational samples of functional ovalbumin.
- November 2022: Nepra Foods Inc., specializing in the development of wholesome, plant-based, and allergen-free edibles, unveiled its Essential brand Egg White Replacement Powder (EPB-ER1) for commercial production. Geared towards wholesale bread bakeries seeking to curtail or eliminate egg usage in existing recipes, the plant-based egg white powder replacement has transitioned into both in-plant trials and large-scale manufacturing.
Egg Protein Key Market Trends
- Escalating Demand for Sustainable and Plant-based Protein Alternatives: As consumers become increasingly conscious of environmental concerns and health impacts, there is a growing shift towards plant-derived protein sources, including egg proteins. This trend is driving innovation in the development of novel plant-based egg protein products that cater to various dietary preferences while also addressing sustainability and ethical considerations.
Egg Protein Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global egg protein market analysis, it reveals that a dynamic landscape is driven by multiple factors. The rise in health-conscious consumer behavior, coupled with the pursuit of protein-rich diets, continues to fuel the demand for egg protein products. Notably, the shift towards plant-based and sustainable options is reshaping the market, encouraging manufacturers to explore innovative formulations and production methods. Technological advancements are enhancing the quality and functional attributes of egg protein products, expanding their application across diverse industries, including food, beverages, sports nutrition, and cosmetics.
However, challenges such as price volatility in the egg market and potential allergenic concerns remain important considerations. The industry's competitive landscape witnesses both established players and emerging entrants striving to gain a foothold through strategic collaborations, acquisitions, and product differentiation. As the market continues to evolve, the successful fusion of nutritional benefits, ethical sourcing, and consumer preferences will be critical drivers influencing the trajectory of the global egg protein market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 33.96 billion |
| Market size value in 2031 | USD 58.85 billion |
| Growth Rate | 6.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Egg Protein Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Egg Protein Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Egg Protein Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Egg Protein Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Egg Protein Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Egg Protein Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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