Eggshell Membrane Derivatives Market To Grow On A Sensational Note At A CAGR Of 8% Between 2022 - 2031: Fact.MR

According to a study by Fact.MR, the eggshell membrane derivatives continues to find increasing applications in the nutraceuticals industry, creating a marketplace worth US$ 1.8 Bn by 2031. As per the report, the market is expected to surge at a robust CAGR of 8% across the 2021-2031 assessment period. Besides nutraceuticals, applications abound in the food & beverage and pharmaceutical industries respectively.

As per historical data, sales of eggshell membrane derivatives expanded at a CAGR of 5% from 2016 to 2020. As of 2021, the market is expected to reach US$ 834 Mn in value terms. During the COVID-19 pandemic, sales were impacted significantly, as logistical constraints prevented adequate supply of eggshell membranes to key end use industries. However, prospects rebounded once restrictions were lifted.

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Key Segments Covered

Type
Powdered Eggshell Membrane
Concentrated Eggshell Membrane
Other Eggshell Membrane Derivatives

Application
Eggshell Membrane Derivatives for Nutraceuticals
Eggshell Membrane Derivatives for Food & Beverage
Eggshell Membrane Derivatives for Pet Food Industry
Eggshell Membrane Derivatives for Cosmetic & Personal Care
Eggshell Membrane Derivatives for Other Applications

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Key Takeaways from Market Study

Global eggshell membrane derivatives market to expand more than 2x through 2031

By type, powdered eggshell membrane to account for 2 out of 5 sales through 2031

Food & beverage to emerge as primary application area, generating 50% of global revenue

U.S to register impressive growth, surging at a CAGR of 7% from 2021 to 2031

A CAGR of 6% is anticipated for the Indian eggshell membrane derivatives industry

Competitive Landscape

Key players operating in the eggshell membrane derivatives market include Biova, LLC, Kewpie Corporation, Eggshell Membrane Technologies, Eggnovo SL., LLC, Mitushi Biopharma, Ecovatec Solutions Inc., Microcore Research Laboratories India Pvt. Ltd., among others.

In January 2020, Biova LLC published its findings from a randomized, double-blind, placebo controlled study in the Journal of Cosmetic Dermatology, confirming the efficacy of 450 mg of BiovaBIO- a 100% eggshell membrane ingredient- for oral use in beauty supplements, stating an improvement in skin tone after 8 weeks of ingestion

Likewise, in February 2021, Health Canada approved Stratum Nutrition's NEM eggshell membrane, which helps provide relief from joint pain induced due to moderate intensity aerobic exercise

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the eggshell membrane derivatives market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The report discloses compelling insights into the demand for eggshell membrane derivatives on the basis of the type (powdered, concentrated, others, and application (food and beverages, nutraceuticals, pet food industry, cosmetics and personal care, and others), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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