Egg Protein Powder Market
The Egg Protein Powder Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Egg Protein Powder Global Market Report 2024, The egg protein powder market size has grown strongly in recent years. It will grow from $4.59 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to fitness and sports nutrition, dietary preferences, allergen-free option, baking and culinary applications, weight management.
The egg protein powder market size is expected to see strong growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to health and wellness, alternative ingredients, sustainability initiatives, digital marketing and e-commerce, plant-based alternatives. Major trends in the forecast period include allergen-free and food sensitivity solutions, technological advancement, functional ingredients, innovative applications, new product.
The high growth in the nutraceuticals & dietary supplement industry is expected to propel the growth of the egg protein powder market. The egg protein powder is used as a dietary supplement as it is lactose-free and has high bioavailability. It helps in improving muscle recovery, as the egg protein powder has a low content of carbohydrates and fats. Nutraceuticals are products that provide medical or health benefits. The egg protein powder market is used in nutraceuticals due to its nutritional and functional properties. The growth of the nutraceuticals & dietary supplement industry will result in the demand for egg protein powder as it is an essential dietary and nutritional supplement. For instance, according to a news release by the Food Safety and Standards Authority of India (FSSAI) in June 2021, the Indian nutraceutical market will grow to around $18 billion by 2025 whereas the Indian dietary supplements market is worth $3,924.44 million in 2020 and expected to reach $10,198.57 million by 2026 at a year on year rate of 22%. Therefore, high growth in the nutraceuticals & dietary supplement industry will drive the growth of the egg protein powder market.
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The egg protein powder market covered in this report is segmented –
1) By Type: Whole Egg Powder, Egg Yolk Powder, Egg White Powder
2) By Form: Solid, Liquid
3) By Application: Dietary Supplements, Bakery Products, Meat Products, Ice Creams, Other Applications
Innovation and new product launches are key trends gaining popularity in the egg protein powder market. Key players are focusing on innovating, developing, and launching new products such as plant-based egg protein powder market that is enhanced with additional benefits for consumers such as vegan-friendly, cholesterol/fat-free, and protein benefits. Innovation and new product launches help companies to offer unique products and attract customers while gaining a competitive edge in the market. For instance, in October 2021, EVERY Company, an American biotechnology company launched the EVERY ClearEgg, an animal-free egg white protein powder. It is marketed as the first animal-free egg white protein. The product which is in powder form can be solubilized or included in a company’s existing product. In addition, in January 2020, Noblegen Inc., a Canadian advanced nutritional ingredient company launched a plant-based whole egg powder, its first direct-to-consumer facing product. The product is vegan, and cholesterol-free offering 6g of plant-based protein per serving, which is equal to that of nature’s egg.
The egg protein powder market report table of contents includes:
1. Executive Summary
2. Egg Protein Powder Market Characteristics
3. Egg Protein Powder Market Trends And Strategies
4. Egg Protein Powder Market – Macro Economic Scenario
5. Global Egg Protein Powder Market Size and Growth
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31. Global Egg Protein Powder Market Competitive Benchmarking
32. Global Egg Protein Powder Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Egg Protein Powder Market
34. Egg Protein Powder Market Future Outlook and Potential Analysis
35. Appendix
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