Press release
Egg Protein Market to Exceed US$ 16 Bn by 2032 As Demand for Functional Foods Bolsters
Egg Protein Market
Consumers are focusing on maintaining health to improve body immunity against foreign pathogens. Egg proteins are perceived as a healthy food product that contains various amino acids which help in muscle building that are not naturally present in the body.
Many manufacturers are focusing on improving the functional ingredients in sports supplements and so demand for proteins is expected to surge in the forthcoming years. Key players are focusing on developing variants that have low-fat content and different flavors like chocolate and vanilla to appeal to a wider range of audiences.
Egg proteins have wide applications in different industries such as food & beverage, sports nutrition personal care, and infant nutrition. Asia is expected to be biggest consumer of baby food products.
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"High demand for egg proteins in personal care products is expected to fuel the growth in the market. In addition to this, increasing adoption of egg protein as a thickening agent in the food and beverage sector will push demand in the market over the forecast period," says an FMI analyst.
Key Takeaways:
By flavor, sales of unflavored egg protein will increase at a 6.2% CAGR over the forecast period.
Based on function, demand in the thickening segment will account for 22.3% of the total market share by 2032.
In terms of end-use application, the sports nutrition segment will account for 25.4% of the total egg protein market share.
Sales of egg protein in the U.S. market will increase at a 4.7% CAGR through 2032.
The India egg protein market valuation is projected to reach US$ 611.5 Mn in 2022.
Competitive Landscape
Key manufacturers of egg proteins are focusing on research & development to offer effective formulations. Key players are collaborating with ingredient manufacturers and are launching new product lines to penetrate untapped markets. For instance:
Davisco Foods International, Inc. has launched New Specialty IP BiPRO® And WPC80. Known for efficient digestion, a complete amino acid profile, and high quantities of branched chain amino acids, these three new products are expected to deliver the high protein quality. They could also be used to alter texture and bind water in a range of food products.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global egg protein market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Egg Protein Market by Category
By Flavor:
Regular/Unflavored
Flavored
By End Use Application:
Bakery & Confectionery
Protein & Nutritional Bars
Breakfast Cereals
Functional Beverages
Dietary Supplements
Sports Nutrition
Infant Nutrition
Prepared Foods
Meat Analogs
Dressings, Sauces & Spreads
Pharmaceutical Products
Personal Care Products
Dairy & Desserts
Others
By Function:
Thickening
Leavening
Binding
Preservatives/Antimicrobial
Emulsifying
Crystallization
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
Frequently Asked Questions
How much is the global egg protein market currently worth?
What is the demand outlook for the egg protein market
What was the last 5-year CAGR for the egg protein market?
At what rate will egg protein demand grow in Europe?
What are the key trends driving sales of egg protein?
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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