Global Egg Protein Market Forecast 2023-2031 - Market Size, Drivers, Trends, And Competitors

From 2023 to 2031, the egg protein market (계란 단백질 시장) is expected to exhibit significant growth. This expansion is propelled by a combination of factors, including advancements in food technology, the rising prevalence of lifestyle-related diseases, and an increasing number of health-conscious consumers. The market size, which was valued at approximately US$ 250.5 M in 2022, is projected to reach US$ 418.5 Mn by 2031, growing at a CAGR of 6.2% during the forecast period.

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Market Segmentation

By Service Type
Concentrates
Isolates
Hydrolysates

By Sourcing Type
Organic
Conventional

By Application
Dietary Supplements
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals

By Industry Vertical
Nutraceuticals
Food & Beverage
Pharmaceuticals
Cosmetics

By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Regional Analysis

North America
North America holds a significant share in the egg protein market, driven by high consumer awareness and a strong presence of key industry players. The U.S. is the largest market in this region, supported by the high consumption of dietary supplements and functional foods.

Europe
Europe is a mature market for egg protein, with countries like Germany, the UK, and France leading in terms of consumption. The region's stringent regulations on food quality and safety also promote the use of high-quality protein products.

Asia-Pacific
The Asia-Pacific region is anticipated to witness the fastest growth during the forecast period. Increasing disposable incomes, urbanization, and a growing health-conscious population are major factors contributing to this growth. China and India are the key markets in this region.

Latin America
In Latin America, Brazil and Mexico are the primary markets for egg protein, driven by a growing awareness of health and wellness and the expanding food and beverage industry.

Middle East & Africa
The Middle East & Africa region shows moderate growth, with the UAE and South Africa being the key markets. The rising adoption of western dietary habits and increasing health consciousness are supporting market growth in these regions.

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Market Drivers and Challenges

Market Drivers
Rising Health Consciousness: Increasing awareness about the health benefits of protein consumption is driving market growth.
Growth in Nutraceuticals and Sports Nutrition: The expanding nutraceutical and sports nutrition markets are major growth drivers.
Technological Advancements: Innovations in extraction and processing technologies are enhancing product quality and expanding application areas.

Market Challenges
Allergies and Intolerances: Egg allergies pose a significant challenge to market growth.
Fluctuating Raw Material Prices: Volatility in egg prices can impact the overall cost structure and profitability of egg protein products.
Regulatory Hurdles: Stringent regulatory requirements for food safety and quality can hinder market growth.

Market Trends
Clean Label Products: There is a growing trend towards clean label products, with consumers preferring products with natural and minimal ingredients.
Plant-Based Alternatives: While egg protein is popular, there is an increasing shift towards plant-based proteins, impacting market dynamics.
Sustainable Sourcing: Sustainability is becoming a key focus, with manufacturers looking to source eggs from sustainable and humane farming practices.

Competitive Landscape
The egg protein market is highly competitive, with key players focusing on product innovation, mergers and acquisitions, and strategic partnerships to enhance their market presence. Some of the prominent players in the market include:

Kerry Group
Glanbia Nutritionals
Davisco Foods International
Hilmar Ingredients
Bouwhuis Enthoven

Future Outlook
The future of the egg protein market looks promising, with continued growth expected across various application segments. Innovations in product formulations and growing consumer interest in health and wellness are likely to drive market expansion. Additionally, increased focus on sustainable sourcing and clean label products will shape the future landscape of the market.

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