|Study Period:||2016 -2027|
|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The global egg protein market is projected to grow at a CAGR of 5.1% during the forecast period(2022-2027).
Due to the COVID-19 outbreak, the demand for egg protein surged during the pandemic. Eggs and egg protein products served the purpose of providing nutritious food to maintain immune health during the pandemic. Many farms deliver eggs through e-commerce websites to follow the restrictions imposed. It was estimated that the individual consumption of eggs in the United States was more than 250 in 2020. This is mainly due to increased awareness of the benefits of consuming eggs during the pandemic. This led to numerous launches in the egg protein market during the previous years to reach the consumer's demand and serve nutritious food in various desirable forms.
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 market growth opportunities.
Scope of the Report
Egg protein is the nutritionally complete protein containing all the essential amino acids. The global egg protein market is segmented by type, application, and geography. Based on type, the market is classified as whole egg powder, egg white powder, and egg yolk powder. On the basis of application, the market is classified as bakery, meat products, ice cream, dietary supplements, and others. The dietary supplements segment is expected to lead the global egg protein market by application, followed by the bakery segment. Also, the study analyzes the egg protein market in the emerging and established markets worldwide, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size in values (USD million) for all the above segments.
|Whole Egg Powder|
|Egg White Powder|
|Egg Yolk Powder|
Key Market Trends
Growing Significance of Egg Protein for Nutrition and Weight Management
Changing food habits have increased egg protein consumption globally. Many health benefits are related to egg protein consumption, including weight management and muscle building. Changing consumer lifestyles and rising disposable income in developing countries are stimulating the growth of egg protein-based food products which is expected to drive the growth of the 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 are driving the egg protein market.
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North America Dominates the Market
The 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. North America 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 the United States and Canada are expected to drive the demand. In addition, fitness and health concerns among the majority of the population, particularly young adults, have immensely increased. According to the USDHHS(United States Department of Health and Human Services, egg and egg protein are one of the recommended foods for a healthy lifestyle in the United States, an average per capita egg consumption in the United States is about 250 eggs per year.
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The market is highly fragmented, with the presence of many regional players. Key players would require high R&D investments in producing innovative products to cater to the changing consumer preferences for 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.
Sanovo Technology Group
Rose Acre Farms
- In 2021, St Ewe launched a range of bottled egg whites into Morrisons stores in the United Kingdom. The Super Egg Whites are 100% pasteurized free-range egg whites containing 11g protein per 100ml, 0% fat, and no cholesterol or gluten.
- In 2020, Z Natural Foods launched its first Whole Egg powder in the United States. The product tastes great, is easy to store, and is easy to cook. One egg is equivalent to one serving of Whole Egg Powder, which contains 14 vitamins and minerals, including choline, lutein, vitamins A, D, K2, phosphorus, selenium, and potassium.
- In 2021 - XXL Nutrition launched its first liquid egg whites product in Europe. These products are available in supplement stores across the United Kingdom and other parts of Europe. The product comprises pasteurized egg whites with no added sugar, preservatives, or flavors.
Table of Contents
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Whole Egg Powder
5.1.2 Egg White Powder
5.1.3 Egg Yolk Powder
5.2 By Application
5.2.2 Meat Products
5.2.3 Ice Cream
5.2.4 Dietary Supplements
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle-East and Africa
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Sanovo Technology Group
6.4.3 Bouwhuis Enthoven
6.4.4 Eurovo Group
6.4.5 Rose Acre Farms
6.4.6 Merck KGaA (Sigma Aldrich)
6.4.7 VH Group
6.4.8 Dalian Hanovo Foods
6.4.9 Etam Biological Polytron Technologies
6.4.10 GF Ovodry
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Frequently Asked Questions
What is the study period of this market?
The Egg Protein Market market is studied from 2016 - 2027.
What is the growth rate of Egg Protein Market?
The Egg Protein Market is growing at a CAGR of 5.1% over the next 5 years.
Which region has highest growth rate in Egg Protein Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Egg Protein Market?
North America holds highest share in 2021.
Who are the key players in Egg Protein Market?
Sanovo Technology Group, IGRECA, Bouwhuis Enthoven, Eurovo Group, Rose Acre Farms are the major companies operating in Egg Protein Market.