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Global Egg Protein Powder Market Comprehensive Study: Forecasted Market Size And Growth Rate | Avangardco Investments Public Limited, Bouwhuis Enthoven B.V., BNL Food Group B.V., DEB EL FOOD B.V
Egg Protein Powder Market Share
The Business Research Company offers in-depth market insights through Egg Protein Powder Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to health and wellness, alternative ingredients, sustainability initiatives, digital marketing and e-commerce, plant-based alternatives. Major trends in the forecast period include allergen-free and food sensitivity solutions, technological advancement, functional ingredients, innovative applications, new product .
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Market Segmentation:
The main types of egg protein powder are whole egg powder, egg yolk powder, and egg white powder. The whole egg powder is a dried form of the complete egg. Whole egg powder is commonly used as a substitute for protein-rich foods due to its longer shelf life when compared with fresh eggs. It includes both solid and liquid forms that are used in dietary supplemen*ts, bakery products, meat products, ice creams, and others.
Major Driver - Surging Nutraceuticals And Dietary Supplemen*t Industry Boosts Egg Protein Powder Market
The high growth in the nutraceuticals & dietary supplemen*t industry is expected to propel the growth of the egg protein powder market. The egg protein powder is used as a dietary supplemen*t as it is lactose-free and has high bioavailability. It helps in improving muscle recovery, as the egg protein powder has a low content of carbohydrates and fats. Nutraceuticals are products that provide medical or health benefits. The egg protein powder market is used in nutraceuticals due to its nutritional and functional properties. The growth of the nutraceuticals & dietary supplemen*t industry will result in the demand for egg protein powder as it is an essential dietary and nutritional supplement. For instance, according to a news release by the Food Safety and Standards Authority of India (FSSAI) in June 2021, the Indian nutraceutical market will grow to around $18 billion by 2025 whereas the Indian dietary supplemen*ts market is worth $3,924.44 million in 2020 and expected to reach $10,198.57 million by 2026 at a year on year rate of 22%. Therefore, high growth in the nutraceuticals & dietary supplemen*t industry will drive the growth of the egg protein powder market.
Competitive Landscape:
Major companies operating in the egg protein powder market include Avangardco Investments Public Limited, Bouwhuis Enthoven B.V., BNL Food Group B.V., DEB EL FOOD B.V., Eurovo Group, Kewpie Corporation, NOW Health Group Inc., VPA Australia Pty Ltd, Rose Acre Farms Inc., Sanovo Technology Group, DEPS B.V., Taiyo Kagaku Co. Ltd., Cargill Incorporated, Archer Daniels Midland Company, DuPont de Nemours Inc., Evonik Industries AG, BASF SE, Koninklijke DSM N.V., Solvay SA, Ajinomoto Co Inc., Novozymes A/S, Chr. Hansen A/S, Red Nucleus Solutions LLC, Nutreco N.V., Adisseo France SAS, Alltech Inc., Weert Limburg B.V., Dutch Farms Inc., Jay Robb Enterprises Inc.
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Top Trend - Innovation And New Product Launches Reshaping The Egg Protein Powder Market
Innovation and new product launches are key trends gaining popularity in the egg protein powder market. Key players are focusing on innovating, developing, and launching new products such as plant-based egg protein powder market that is enhanced with additional benefits for consumers such as vegan-friendly, cholesterol/fat-free, and protein benefits. Innovation and new product launches help companies to offer unique products and attract customers while gaining a competitive edge in the market. For instance, in October 2021, The EVERY Company, an American biotechnology company launched the EVERY ClearEgg, an animal-free egg white protein powder. It is marketed as the first animal-free egg white protein. The product which is in powder form can be solubilized or included in a company's existing product. In addition, in January 2020, Noblegen Inc., a Canadian advanced nutritional ingredient company launched a plant-based whole egg powder, its first direct-to-consumer facing product. The product is vegan, and cholesterol-free offering 6g of plant-based protein per serving, which is equal to that of nature's egg.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Egg Protein Powder Market Characteristics
3. Egg Protein Powder Market Trends And Strategies
4. Egg Protein Powder Market - Macro Economic Scenario
5. Egg Protein Powder Market Size And Growth
…..
27. Egg Protein Powder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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