Egg Protein Market to Exceed US$ 16 Bn by 2032 As Demand for Functional Foods Bolsters - Future Market Insights, Inc.
The United States market for egg proteins is expected to grow at a rate of 4.7% through 2032. The market for unflavored egg proteins is forecasted to grow at a 6.2% CAGR over the next ten years. Incorporation of Egg Protein in Sports Nutrition Products to Remain High
NEWARK, Del., July 18, 2022 /PRNewswire/ -- The global egg protein market is expected to witness growth at a CAGR of 6.7% over the forecast period, reaching a valuation of US$ 16 Bn by 2032.
Consumers are focusing on maintaining health to improve body immunity against foreign pathogens. Egg proteins are perceived as a healthy food product that contains various amino acids which help in muscle building that are not naturally present in the body.
Many manufacturers are focusing on improving the functional ingredients in sports supplements and so demand for proteins is expected to surge in the forthcoming years. Key players are focusing on developing variants that have low-fat content and different flavors like chocolate and vanilla to appeal to a wider range of audiences.
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Egg proteins have wide applications in different industries such as food & beverage, sports nutrition personal care, and infant nutrition. Asia is expected to be biggest consumer of baby food products.
"High demand for egg proteins in personal care products is expected to fuel the growth in the market. In addition to this, increasing adoption of egg protein as a thickening agent in the food and beverage sector will push demand in the market over the forecast period," says an FMI analyst.
Key Takeaways:
- By flavor, sales of unflavored egg protein will increase at a 6.2% CAGR over the forecast period.
- Based on function, demand in the thickening segment will account for 22.3% of the total market share by 2032.
- In terms of end-use application, the sports nutrition segment will account for 25.4% of the total egg protein market share.
- Sales of egg protein in the U.S. market will increase at a 4.7% CAGR through 2032.
- The India egg protein market valuation is projected to reach US$ 611.5 Mn in 2022.
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Competitive Landscape
Key manufacturers of egg proteins are focusing on research & development to offer effective formulations. Key players are collaborating with ingredient manufacturers and are launching new product lines to penetrate untapped markets. For instance:
- Davisco Foods International, Inc. has launched New Specialty IP BiPRO® And WPC80. Known for efficient digestion, a complete amino acid profile, and high quantities of branched chain amino acids, these three new products are expected to deliver the high protein quality. They could also be used to alter texture and bind water in a range of food products.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global egg protein market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on Flavor Type (Regular/Unflavored, Flavored), End-Use Application (Bakery & Confectionery, Protein & Nutritional Bars, Breakfast Cereals, Functional Beverages, Dietary Supplements, Sports Nutrition, Infant Nutrition, Prepared Foods, Meat Analogs, Dressings, Sauces & Spreads, Pharmaceutical Products, Personal Care Products, Dairy & Desserts, Others), Function (Thickening, Leavening, Binding, Preservatives/Antimicrobial, Emulsifying, Crystallization, Others), Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).
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Egg Protein Market by Category
By Flavor:
- Regular/Unflavored
- Flavored
By End Use Application:
- Bakery & Confectionery
- Protein & Nutritional Bars
- Breakfast Cereals
- Functional Beverages
- Dietary Supplements
- Sports Nutrition
- Infant Nutrition
- Prepared Foods
- Meat Analogs
- Dressings, Sauces & Spreads
By Function:
- Thickening
- Leavening
- Binding
- Preservatives/Antimicrobial
- Emulsifying
- Crystallization
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.6. Global Egg Protein Market- Pricing Analysis
4. Global Egg Protein Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Bn) & Volume (MT) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Bn) & Volume (MT) Projections, 2022-2032
5. Global Egg Protein Market Analysis 2017-2021 and Forecast 2022-2032, By Flavor Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Bn) & Volume (MT) Analysis By Flavor Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Bn) & Volume (MT) Analysis and Forecast By Flavor Type, 2022-2032
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Have a Look at Food & Beverage Domain Related Research Reports:
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Soy Protein Ingredient Market Sales - Soy protein ingredients are organic food products used in the processing of food. They are obtained from defatted and dehulled soybean meal.
Egg Wash Substitute Market Outlook - Egg wash is brushed onto the surface of a pastry before baking mainly to give a shiny appearance to the product. Egg wash substitutes are replacement of egg with other ingredients for the same purpose.
Protein/Antibody Engineering Market Value - Protein/Antibody engineering involves the procedures or processes involved in the development of novel, valuable, and useful proteins.
Egg and Egg Products Market Demand - The egg and egg products market will witness a decline in growth between the foreseeable period because eggs and egg products are readily available in most regions, and there is little or no importation.
Egg Wash Substitute Market Share - Egg wash is brushed onto the surface of a pastry before baking mainly to give a shiny appearance to the product. Egg wash substitutes are replacement of egg with other ingredients for the same purpose
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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SOURCE Future Market Insights
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