Egg Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Egg Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global egg protein market is projected to grow at a CAGR of 4.3% during the forecast period.

Key Highlights

• The key factors driving the market are rising awareness among consumers toward nutritional food, favorable increase in sports activities, and increased demand for performance nutrition and beverages.
• The rise in strategic marketing activities undertaken by the leading manufacturers to build a larger consumer base and a burgeoning demand from the developing regions provide the opportunity for the market growth.
• By type, the egg white powder segment accounted for the largest market share of the global egg protein market, due to high content of dense nutrients, such as vitamin B, riboflavin, folate, B12 and B6, which are essential for body growth.

Key Market TrendsGrowing Significance of Egg Protein for Nutrition and Weight Management

Changing food habits have increased the egg protein consumption, globally. Many health benefits are related to egg protein consumption, including weight management and muscle building. Changing consumer lifestyles as well as rising disposable income in the developing countries is stimulating the growth of egg protein based food products which is expected to drive the growth of egg protein market. The increased adoption of protein ingredients by the food & beverage industry and increased demand for food products fortified with egg proteins such as Ovalbumin and ovomucin is driving the egg protein market.

North American region Dominated the Global Egg Protein Market

North American region dominated the global egg protein market. Growing consumer focus on leading healthy & active lifestyles, maintaining a healthy diet, and regular exercise is expected to fuel growth. Asia-Pacific is anticipated to witness the fastest growth over the forecast period. Factors, such as urbanization, western influence on diets, growing focus on leading active lifestyles, and growing middle-class population with improving disposable incomes in emerging economies including China and India, are expected to drive the demand. Moreover, the upsurge in poultry production in Indian market boosts the availability of eggs in the market. As per the data released by International Egg Committee (IEC) and World Egg Organization (WEO), India is the fastest growing egg producer in the world, which would further fuel the market growth.

Competitive Landscape

The market is highly fragmented with the presence of many regional players. Key players would require high R&D investments in producing innovative products in-order to cater the changing consumer preferences on convenience food. Some of the major key players in the global egg protein market are Sanovo Technology Group, IGRECA, Bouwhuis Enthoven, Eurovo Group, Rose Acre Farms, Merck KGaA (Sigma Aldrich), VH Group, Dalian Hanovo Foods, Etam Biological Polytron Technologies, GF Ovodry, Taiyo Kagaku Co. Ltd., and Daiichi-Kasei, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Sanavo Technology Group
IGRECA
Bouwhuis Enthoven
Eurovo Group
Rose Acre Farms
Merck KGaA (Sigma Aldrich)
VH Group
Dalian Hanovo Foods
Etam Biological Polytron Technologies
GF Ovodry
Taiyo Kagaku Co. Ltd
Daiichi
Kasei

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