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Egg Protein Powder Global Market Size, Share, Comprehensive Details of Drivers, Restraints, Strategic Developments, Opportunities Till 2033
Egg Protein Powder Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Egg Protein Powder industry. This report on Egg Protein Powder market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The egg protein powder market size has grown strongly in recent years. It will grow from $4.59 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to fitness and sports nutrition, dietary preferences, allergen-free option, baking and culinary applications, weight management. The egg protein powder market size is expected to see strong growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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Key Market Players:
Bouwhuis Enthoven B.V., BNL Food Group B.V., DEB EL FOOD B.V., Eurovo Group, Kewpie Corporation, The Progressive Corporation are prominent players in the Egg Protein Powder industry.
Market Drivers:
Exciting developments are on the horizon for the nutraceuticals and nutritional supplement industry, set to propel the growth of the egg protein powder market. Esteemed for its lactose-free composition and exceptional bioavailability, egg protein powder stands out as a crucial nutritional supplement. Its ability to augment muscle recovery is tied to its low carbohydrate and fat content. In the domain of nutraceuticals, egg protein powder carves a niche for itself, boasting commendable nutritional and functional attributes that confer health benefits. The burgeoning nutraceuticals and nutritional sector will inevitably amplify the demand for egg protein powder, positioning it as an indispensable dietary and nutritional supplement.
A noteworthy revelation comes from a June 2021 press release by the Food Safety and Standards Authority of India (FSSAI): the Indian nutraceutical market is poised to reach a staggering $18 billion by 2025. Simultaneously, the Indian nutritional supplements market, valued at $3,924.44 million in 2020, is forecasted to skyrocket to $10,198.57 million by 2026, reflecting an impressive year-on-year growth rate of 22%.
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Market segments for Egg Protein Powder include:
1) By Type: Whole Egg Powder, Egg Yolk Powder, Egg White Powder
2) By Form: Solid, Liquid
3) By Application: nutritional Supplements, Bakery Products, Meat Products, Ice Creams, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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