Egg Protein Industry Segmentation, Strategic analysis, Latest Innovations and Growth by 2033
The egg protein market is anticipated to be worth US$ 8,895.73 million in 2023. Whereas, in 2022 the market was valued to be US$ 8,381.07 million. By 2033, the market size is expected to be worth US$ 17,048.18 million.
Growing health and fitness trends drive market demand.
Fitness enthusiasts are looking for foods that are abundant in nutrients but
low in fat. Egg protein reaches the sweet spot, being high in protein but low
in calories and fat. Furthermore, because of the health benefits it provides,
egg protein is in high demand among sports nutrition makers.
Egg protein is also used in the production of bread,
confectionery, and other related items. Egg protein is a thickening, binder,
and foaming agent. Emulsifiers also contain egg protein. As a result, egg
protein is a popular product among processed food manufacturers.
The application of egg protein in haircare and skincare
products is rising. Egg protein is acknowledged to smoothen skin and better
condition hair. Another industry where egg protein is being used is the animal
feed industry. Egg protein is used to make livestock healthier and more robust.
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“Producers in the market are experimenting with egg
protein to widen the market scope. Manufacturers have started offering
sugar-free and gluten-free versions of egg protein to make the product’s
consumer base more inclusive. Manufacturers are also experimenting with varied
flavors in egg proteins. Thus, there is promise in developing new and exciting
products in the egg protein market”, says Nandini Roy Choudhury (Client Partner for
Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Egg Protein Market
- Sports
nutrition is the most popular application of egg protein. In 2023, sports
nutrition is expected to hold 19.4% of the egg nutrition market share by
end-use application.
- The
thickening function of egg protein is valuable for food manufacturers. In
2023, thickening is projected to contribute to 20.8% of the market share
by function.
- China
is projected to show exceptional growth in the market. The Chinese
market’s CAGR is estimated to be 9.6% from 2023 to 2033.
- Japan
is another Asian country with significant growth potential. The market is
tipped to progress at a CAGR of 8.4% in Japan over the forecast period.
- Australia
is emerging as a significant country in the market. The CAGR over the
forecast period in Australia is pegged at 7.9%.
Competitive Landscape of the Egg Protein Market
Investment in research & development is a key strategy
among industry players. The market is highly fragmented, with several options
present for the consumers. However, established names that are giving
unexpected results in the market include Cargill Inc., Rose Acre Farms, Bouwhuis
Enthoven, and IGRECA.
Recent Developments
- In
January 2022, Symrise acquired the Dutch brand Schaffelaarbos.
Schaffelaarbos is known for its egg nutrition products targeted at pets.
- In
November 2021, investment into egg protein was made in Rwanda. The United
Nations Food and Agriculture Organization (FAO) procured the investment,
and through it, the organization means to extract protein from eggs.
- In
October 2023, EVERY Co. and Grupo Nutresa collaborated to improve the
organizations’ protein production capabilities.
Key Companies in the Egg Protein Market
- Cargill
Inc.
- Rose
Acre Farms
- Bouwhuis
Enthoven
- IGRECA
- SANOVO
TECHNOLOGY GROUP
- Interovo
Egg Group BV
- Dalian
Hanovo Foods Co. Ltd
- Kewpie
Corporation
- Rembrandt
Enterprises
- Wulro
BV
Key Segments
By End Use:
- Bakery
& Confectionery
- Protein
& Nutritional Bars
- Breakfast
Cereals
- Functional
Beverages
- Dietary
Supplements
- Sports
Nutrition
- Infant
Nutrition
- Prepared
Foods
- Meat
Analogs
- Dressings,
Sauces & Spreads
- Pharmaceutical
Products
- Personal
Care Products
- Dairy
& Desserts
- Others
By Function:
- Thickening
- Leavening
- Binding
- Preservatives/Antimicrobial
- Emulsifying
- Crystallization
- Others
By Region:
- North
America
- Latin
America
- Europe
- South
Asia
- East
Asia
- Oceania
- The
Middle East and Africa
Information Source:
https://www.futuremarketinsights.com/reports/egg-protein-market
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