What’s Drive the Egg Protein Market Growth during COVID-19 Pandemic Situation?

the global egg proteins market size was valued at $26,587.1 million in 2018, and is anticipated to reach $ 38,905.9 million by 2026, with a CAGR of 4.8% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $12,300 million from 2018 to 2026.

Egg proteins such as egg white protein, whole egg protein, and egg yolk protein are widely consumed across industries such as nutrition, food & beverages, personal care, cosmetics, feed, and textiles. Their versatility and multifunctionalities such as texturizing, gelling, binding, foaming, and thickening have resulted in their worldwide adoption across these industries.

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Surge in awareness among consumers regarding the health benefits of consumption of protein supplements and protein-based food products is expected to drive the growth of egg proteins market in the near future.

The egg proteins market is segmented on the basis of types, application, form, and region. On the basis of type, the egg white protein has been the most preferred choice of egg proteins among consumers, due to its high protein content and multifunctionality. Thus, the egg white protein segment was valued at $ 13,419.1 million, and is expected to grow with a CAGR of 4.2% from 2019 to 2026, to reach $ 18,774.8 million by 2026. However, the egg yolk protein segment is expected to grow at the highest rate during the forecast period. This is attributed to surge in demand for egg yolk protein powder from consumers wanting to gain weight.

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Region wise, Europe was the prominent market in 2018, which accounted for the maximum share in the egg protein market. This is attributed to the high consumption of egg protein products in Germany, France, Italy, Spain, and the UK. Consumers in the region are attracted by egg protein products with new flavors and higher nutritional value, which contributes toward the growth of the market in the region. However, Asia-Pacific is expected to witness a highest CAGR, owing to development of the food & beverage industry and increase in awareness about nutritional supplements among consumers.

The players in the egg protein market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the report include Cargill, Kewpie Corporation, Rose Acre Farms, Rembrandt foods, Bouwhuis Enthoven Wulro BV, Igreca, Sanovo Egg Group, Interovo Egg Group BV, and Dalian Hanovo Foods Co., Ltd.

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Key findings of the study

By type, the egg yolk protein segment is estimated to witness the fastest growth, registering a CAGR of 5.9% during the forecast period.
In 2018, by application, the food & beverage segment held the highest share, accounts 47.59% of the global egg proteins market share.
In 2018, Germany was the most prominent market in the Europe, and is expected to grow at a significant CAGR throughout the forecast period.

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