Global Egg Protein Market

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.

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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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Global Egg Protein Market

Report ID: SQMIG30I2268

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