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 News

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.

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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 competitive landscape of the 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. '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)'

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 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 scale.

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.

North America currently dominates the 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.

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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

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