March 15, 2021
According to the research report titled ‘Global Egg Protein Market Size study, By Type (Whole Egg Protein, Egg Yolk Powder, Egg White Powder), By Application (Dietary Supplements, Bakery Products, Meat Products, Ice - Creams), and Regional Forecasts 2020-2027’, available with Market Study Report, global egg protein market was worth USD 7.1 billion in 2019 and is anticipated to register 5.6% CAGR over 2020-2027, subsequently reaching a valuation of USD 10.98 billion by the end of the forecast period.
As per the findings of the report, rising demand high protein substances from food manufacturers for application in dietary and sports supplements is driving global egg protein market growth. Moreover, increasing investments towards research & marketing activities aimed at diversifying product range and raising brand recognition are the overall market size.
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For the record, egg proteins are multifunctional ingredients that are primarily used in the preparation of various protein-rich foods and beverages. They are known to be rich in bioactive acids and essential amino acids which assist in strengthening of bones and muscles. Egg proteins are highly preferred among manufacturers as they serve as an emulsifier, foaming agent, thickener, and gelling agent in various food products. Further, easy availability, neutral taste, affordability, and digestibility of the product will continue to stimulate product demand in the forthcoming years.
Based on type, global egg protein market is bifurcated into egg white powder, egg yolk powder, and whole egg protein.
Moving on, the application terrain of the industry comprises ice-creams, meat products, bakery products, and dietary supplements among others.
From a regional viewpoint, North America, Asia-Pacific, Europe, and Latin America are the key contributors to global egg protein market remuneration. Among these, North America market is slated to grow at 4% CAGR over 2020-2027, owing to increasing efforts by industry partakers in the region towards expanding their product portfolios, and high acceptance of egg protein by the populace due to their nutritional profile.
Kewpie Corporation, Cargill, Inc., Dalian Hanovo Foods Co., Ltd., Rose Acre Farms, Inc., Bouwhuis Enthoven B.V., Rembrandt Enterprises, Inc., Eierhandel Wulro B.V., Sanovo Technology Group, Igreca SAS, and Interovo Egg Group B.V. are the top companies influencing the worldwide egg protein market trends.