The Global Market for Egg Protein is Expected to Grow at a CAGR of 3.8% by Volume and 4.3% by Value Over the Forecast Period 2018-2026
Eggs have been considered as a rich source of essential nutrients such as proteins, vitamins, fats, amino acids, calcium, and others, for ages. Among all these nutrients, eggs possess proteins in the highest percentage, which is located in different parts of the egg such as the egg white, egg yolk, and the whole egg. Egg white contains around 56% of the total proteins in the egg, thus making it the most preferable and rich source for deriving various significant egg proteins such as albumins, globulins, and mucoproteins. Egg protein contains all the nine essential amino acids, thus making it an ideal source of dietary and nutritional supplements. One of the key driving factors for the egg protein market is its functioning as a thickening, emulsifying, binding, preservative, leavening, and crystallizing agent, attributing to the wide-ranging applications of egg protein in various industries such as bakery and confectionery, sports nutrition, desserts and sauces, nutritional bars, pharmaceuticals, and others. The nature of egg protein makes it a profoundly trend-driven market, and has a lucrative potential to grow in the coming years. Further, egg protein and its products are available in a variety of popular and liked flavors such as vanilla, chocolate, orange, and several others. Another significant driving factor for the egg protein market is the rising health concerns among consumers, especially the millennial population.
Protein Fortification and Standardization Propelling the Market for Egg Protein Forward
Food fortification entails the addition of certain beneficial ingredients to a product to enhance its functional properties. Through the fortification of egg protein, manufacturers can increase the quality of food and address crucial protein deficiencies among consumers. Egg protein fortification is gaining popularity among consumers, owing to the rising preference for proteins in regular or everyday foods, and the increasing demand for weight management products that are low in fats and high in protein content. Protein standardization is the adjustment of protein content in a food product, to either meet regulatory guidelines or enhance the functional properties of the product. Egg protein standardization is a common practice among bakery, dairy, and confectionery product manufacturers, wherein, egg protein ingredients are added to various products to enhance their properties and functioning. Egg protein standardization improves product uniformity, consistency, texture, and taste. Thus, the demand for fortified and standardized food and beverages is currently driving the growth of the global market for egg protein to a significant extent.
High Usage of Protein in Sports and Bodybuilding Products Surging the Demand for Egg Protein
A consistent supply of proteins is considered absolutely essential for muscle growth, as protein helps in building muscle mass and repairing damaged muscle tissue. Due to this reason, the consumption of egg protein powder is a fairly common phenomenon among fitness enthusiasts and regular gym-goers.
Egg protein is particularly popular as a supplement, due to functional advantages such as high solubility in a liquid medium, and the presence of all essential amino acids and vitamins. Egg protein is also finding increasing application in sports nutrition products, as it is perceived to be natural and additive-free. Egg protein is considered important in this regard, as it has a complete set of amino acids similar to plant proteins.
Egg Protein Market Analysis by Flavor
The regular egg protein segment is expected to be valued at US$ 1,295.4 Mn by 2026, and is projected to register a CAGR of 4.2% over the forecast period. The flavoured egg protein segment is expected to record a CAGR of 4.7% during the forecast period, owing to the changing taste preferences of consumers, and more number of consumers experimenting new product types and flavors.
Egg Protein Market Analysis by End Use
In the egg protein end use segments, the protein and nutritional bars, and sports nutrition sub-segments are projected to dominate the global egg protein market, with estimated CAGRs by value of 6.3% and 6.9%, respectively, during the forecast period, attributed to the growing demand for additional protein and nutrient supplements, especially by the fitness and health consciousness millennial population.
Egg Protein Market Analysis by Function
By function, the thickening and emulsifying actions of egg protein is expected to dominate the egg protein market by the end of 2026, with market values of US$ 293.4 Mn and US$ 268.5 Mn, respectively, by 2026, owing to their actions in a variety of applications.
Egg Protein Market Analysis by Region
On the basis of region, the European region is projected to remain dominant in the global egg protein market throughout the forecast period, with a projected market value of US$ 513.5 Mn by the end of 2026, due to the rising health concerns and fitness consciousness among consumers, high millennial population, and rising disposable income of consumers.
This TMR report on the global egg protein market analyzes the opportunities in the egg protein market, and presents the overall market outlook of the egg protein market, along with providing updates, ongoing and future trends, and valuable growth insights related to various segments of the global egg protein market over a forecast period of 8 years, from 2018–2026.
The primary objective of this report is to offer insights related to the key developments, takeaways, and opportunities in the global egg protein market that are gradually helping transform global businesses associated with the same. Along with the forthcoming opportunities, the report also highlights the existing opportunities in the global egg protein market, to equip clients with comprehensible and lucid decision-making insights. The report covers various segments and performance parameters of the global egg protein market in terms of market value and volume.
To understand consumption patterns in a more coherent way, and assess opportunities in the egg protein market, the market has been divided into three segments, namely, flavor, end use, and function. The report depicts the market outlook and dynamics of egg protein in five regions - North America, Latin America, Europe, APAC, and MEA. To understand the growth and expansion of the egg protein market in a better way, various macroeconomic and microeconomic factors are taken into consideration, which include the GDP of countries, urban population, retail sales, trade, and many other factors. Along with the various factors affecting the growth of the global egg protein market, the growth and consumption patterns of chicken and eggs in various regions are also studied, and insights have been drawn accordingly. The report also includes TMR’s analysis of the various drivers and restraints affecting the global growth of the egg protein market. Key trends observed across the value chain in the egg protein market are also included in the report. The egg protein market is studied from the supply as well as demand side, and is represented along with its value chain, to understand the various stages, starting from the extraction of raw materials to the reaching of the final product to the end consumers.
The key segments of the egg protein market are:
Egg Protein Market by Flavor
- Regular Egg Protein
- Flavored Egg Protein
Egg Protein Market by End Use
- Bakery and Confectionery
- Protein and Nutritional Bars
- Breakfast Cereals
- Functional Beverages
- Dietary Supplements
- Sports Nutrition
- Infant Nutrition
- Prepared Foods
- Meat Analogs
- Dressing, Sauces & Spreads
- Pharmaceutical Products
- Personal Care Products
- Dairy & Desserts
Egg Protein Market by Function
- Preservatives/Antimicrobial Action
Egg Protein Market by Region
- North America Egg Protein Market
- Latin America Egg Protein Market
- Europe Egg Protein Market
- APAC Egg Protein Market
- Middle East & Africa Egg Protein Market
To understand the egg protein market in a crystal-clear way, and to analyze the latest developments, trends, demands, and opportunities in the egg protein market, various significant and key companies involved in the manufacturing and marketing of egg protein are studied, and are represented in an effectual way, drawing the insights related to their various target product offerings, revenue growth, market share, and recent developments in the competitive landscape section of the report.
Some of the market participants in the global egg protein market identified across the value chain include Davisco Foods International, Inc., Kewpie Corporation, Cargill Inc., Rose Acre Farms, Deb-El Foods, Bouwhuis Enthoven, Wulro BV, Igreca, Sanovo Egg Group, Rembrandt Enterprises Inc., Interovo Egg Group BV, Adriaan Goede BV, and Now Health Group, Inc. among others.
A market structure with the respective segment share and the competitive dashboard is provided before the detailed competition analysis of the various market participants in the egg protein market, to compare the current industrial scenario in the egg protein market.
The report begins with the executive summary representing the overall egg protein market in a nutshell, mentioning the global CAGR of the market, along with each segment and their sub-segment’s individual share and CAGR. The section also talks about the overall egg protein market scenario and the different key strategies. This section is followed by a thorough, in-depth introduction of the market, along with the taxonomy of the market. Further, opportunity analysis is presented to showcase the growing opportunities in the egg protein market. Then, the market sizing of the egg protein market is done while considering the base year in terms of value and volume. This forms the basis for forecasting how the egg protein market is anticipated to take shape in the near future. Given the characteristics of the market, TMR triangulates the data via different analysis based on supply side, demand side, and dynamics of the global egg protein market. Further, market share analysis, y-o-y growth of the market, and value and volume sales of various regions and segments are represented in a graphical form. In this imperative world, along with the market share, y-o-y growth, and CAGR, we also provide pricing analysis along with market attractiveness, Market attractiveness is given for different segments of the egg protein market, such as flavor, end use, function, and region, showcasing which sub-segment and country/region showcase the largest opportunity, and is a promising area for growth in the coming years. To develop the market forecast, TMR conducted factor analysis to understand the impact of various forces/factors on the target market.
However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed. The last section consists of the competition landscape, presenting a detailed analysis of the key companies involved in the egg protein market. This is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the global egg protein marketplace.