U.S. and Australia Egg Protein Market and is projected to rise at a CAGR of 6.5% to reach $10,332.1 Million by 2031

The U.S. and Australia egg proteins market was valued at $7,083.6 million and $967.8 million in 2021 and is anticipated to reach $10,332.1 million and $1,722.5 million by 2031, with a CAGR of 3.9% and 6.5% during the forecast period.

Egg proteins, such as whole egg protein, egg white protein, and egg yolk protein, are derived from eggs. Products such as whole egg protein, egg white protein, and egg yolk protein are widely consumed in food & beverages and personal care applications, and various nutrition products. Egg proteins are evenly distributed between the egg white and egg yolk, whereas lipids, vitamins, and minerals are primarily concentrated in the egg yolk.

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Leading Key Players:

The key players profiled in this report include Bioflex Nutrition Pty Ltd., Bio-Techne Corporation, Cargill Incorporated, EW Nutrition GmbH, Bodi Choice Pty Ltd, Merck KGaA, Noumi Limited (Merck Group), NOW Health Group, Inc., OvaInnovations, and VPA Australia.

Segmentation:

By form, the solid egg protein segment held the major share in the market, and it is estimated to grow the same during the forecast period. The solid form of egg protein has better shelf stability and eases handling & storage as compared to the liquid form. A solid form of egg protein is most preferred in a wide range of applications such as nutrition, food & beverage, feed, and personal care owing to the longer shelf life and better handling properties which increases the U.S. and Australia egg protein market opportunities.

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Key findings of study

-> By type, the egg yolk protein segment is estimated to witness the fastest growth, registering a CAGR of 5.3% during the forecast period.
-> In 2021, By application, the food & beverage segment held the highest sharewas dominant in 2021, accounting fors 47.01% of the global U.S. and Australia egg proteins market share.
-> By form, the solid egg protein segment held the highest share in 2021 and registering a CAGR of 4.2% during the forecast period.
-> In By country2021, U.S. was the most prominent market in 2021, and is expected to grow at a significant CAGR throughout the forecast period.

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The rise in the number of U.S. consumers adopting a healthy lifestyle or indulging in activities that promote active and healthy life has increased the overall demand in the egg protein market. Currently, about 20% of American adults have a fitness club membership, and the number is expected to increase shortly. Furthermore, an increase in demand for protein-rich food, owing to the rise in health-consciousness among customers is expected to propel the need for egg protein, thereby accelerating the market growth.

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