Egg oil which is also called ovum oil or egg yolk oil is a derivative of chicken egg yolks. It primarily contains triglycerides and traces of cholesterol, lecithin and xanthophylls such as zeaxanthin, lutein and immunoglobulins. It doesnot contain any egg protein and can be used for applications such as skin care and hair care. Traditional Chinese medicine use egg oil for eczema, burns, mouth ulcers, dermatitis, tinea capitis, skin ulcers, nasal vestibulitis, ringworm, hemorrhoids and frostbite. Modern method of producing egg oil includes liquid-liquid extraction with the use of solvents such as hexane, chloroform, petroleum ether and ethanol. Egg oil is rich in polyunsaturated fatty acids such as omega-6 fatty acids (arachidonic acid), omega-6 fatty acids (docosahexaenoic acid) and it is similar to the fatty acids in human milk and the lipid content of human skin. The global market for egg oil can be segmented on the basis of application and region. On the basis of application, the global market can be segmented into Dietary supplements, pharmaceutical industry and cosmetic products. In cosmetic products, egg oil is used as emulsifier for different ointments, moisturizer and solubilizer. It is mainly used for the maintenance and beautification of the skin. High stability against exposure to light and oxygen makes it suited to be used in cosmetic products. In dietary supplements it is used to promote liver functioning and improves digestion. The number of global players in the market is limited owing to high product pricing and volatility of raw materials.
Major drivers driving the global egg oil market includes increased population of old age people. Demand for egg oil is projected to boost among this section as it enhances liver functioning and improves digestion. Another major driver driving the global egg oil market includes increased used in pharmaceutical industries due to its huge medical benefits such as brain development of fetus while pregnancy, atherosclerosis and neurological functioning. In addition, it also increases the solubility of active pharmaceutical ingredients which are otherwise hardly soluble in solvents and water. This increases the application of egg oil thus triggering demand. In addition, the property of emulsification in creams prevents cellular damage of the skin and provides smoothness and elasticity. It is considered as an important raw material owing to higher skin compatibility and lower toxicity. Boom in the cosmetic industry is thus a major driver, driving the global egg oil market. Major restraint restraining market growth includes cheaper alternatives such as oil extracted from mustard, sunflower and soybean and similar application that they serve.
Geographically, the global egg oil market is segregated into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America acquired the largest market share in 2015 owing to large number of dietetic supplements manufacturing companies in the region. European countries such as Italy, France, Germany and the U.K have witnessed a rise in cosmetic industry which has in turn triggered demand of egg oil in the Europe market. Asia Pacific is forecasted to be the fastest growing region owing to rising presence of cosmetic companies in the region. Countries in the Middle Eastern region such as Saudi Arabia, UAE are also projected to have a higher growth rate due to increase in the use of dietary supplements in these countries.
Major players of the global egg oil market includes, Nutrasal Inc (Arizona, U.S), Avanti Polar Lipids Inc (Alabama, U.S), Harmony Whole Foods Market (Ontario, Canada), Lipoid (Canton of Zug, Switzerland), Natural Factors (British Columbia, Canada), NOF America Corporation (New York, Canada), Kewpie Corporation (Tokyo, Japan), Vitamin Research Products (Arizona, U.S.) and Jena Bioscience GmbH (Jena, Germany) among others.
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