Egg Proteins Market

Egg Protein Market Analysis

The Egg Protein Market is expected to register a CAGR of 5.1% during the forecast period.

• Egg protein is a multifunctional ingredient that is widely used in the food and beverage industry for its unique functional and nutritional properties. As you mentioned, it can function as an emulsifier, thickening agent, texturizer, foaming agent, and gelling agent, which makes it a versatile ingredient for food processing. Apart from the food and beverage industry, egg protein is also used in the animal feed and cosmetics industries. In animal feed, it is used as a source of protein for livestock, while in cosmetics, it is used in shampoos and skin care products for its emulsifying and conditioning properties.
• In addition to their multifunctional properties, eggs and egg protein products are also highly valued for their nutritional content and their potential to support immune health. This has led to a growing demand for egg protein products in recent years as consumers become increasingly conscious of the importance of a healthy and balanced diet. Rising awareness among consumers towards nutritional food, the growing popularity of sports and fitness activities, and increased demand for performance nutrition and beverages are the key factors driving the growth of the egg protein market.
• The rise in strategic marketing activities undertaken by the leading manufacturers to build a larger consumer base and a burgeoning demand from the developing regions provide market growth opportunities. Manufacturers are focused on offering egg protein ingredients that have applications in the sports nutrition industry, owing to the increasing demand from fitness and gym enthusiasts across the globe. However, the growth of plant-based protein alternatives is expected to restrain the market growth.

Egg Protein Market Trends

Growing Significance of Egg Protein in Sports Nutrition Industry

• Changing food habits have increased egg protein consumption globally. Many health benefits are related to egg protein consumption, including weight management and muscle building. Furthermore, rising consumer awareness of health issues and increased adoption of fitness activities are increasing the demand for sports nutrition products, thereby driving the egg protein market further. Egg protein has wide applications in the sports nutrition and supplements industry. Sports nutrition manufacturers are incorporating egg protein into gym protein supplements, suiting consumer demands.
• Additionally, changing consumer lifestyles and rising disposable income in developing countries are stimulating the growth of egg protein-based food products which is expected to drive the growth of the egg protein market. The increased adoption of protein ingredients by the food & beverage industry and increased demand for food products fortified with egg proteins such as Ovalbumin and ovomucin are driving the egg protein market.
• In fact, new research studies mention that egg protein can tackle malnutrition problems in developing countries. This is because eggs are not widely available in these countries, and egg protein can turn out to be an inexpensive and convenient alternative to this, thereby propelling the market growth during the forecast period.

North America Dominates the Market

The North American region dominated the global egg protein market. Growing consumer focus on leading healthy & active lifestyles, maintaining a healthy diet, and regular exercise is expected to fuel growth. North America is anticipated to witness the fastest growth over the forecast period. Factors such as urbanization, western influence on diets, growing focus on leading active lifestyles, and growing middle-class population with improving disposable incomes in the United States and Canada are expected to drive the demand. In addition, fitness and health concerns among the majority of the population, particularly young adults, have immensely increased. According to the USDHHS(United States Department of Health and Human Services, egg and egg protein are among the recommended foods for a healthy lifestyle in the United States. Further, the trend of protein fortification in food products is rising in the region, owing to the active lifestyle of consumers. This, in turn, increases the demand for egg white powder ingredients by food and dietary supplement manufacturers as egg whites are known to be rich in protein, along with other nutrients. Alongside this, the growing demand for egg protein in the bakery industry in the formation of cakes, pastries, puffs, and other products is propelling the demand for the same in the North American region.

Egg Protein Industry Overview

The market is highly fragmented, with the presence of many regional players. Key players would require high R&D investments in producing innovative products to cater to the changing consumer preferences for convenience food. Some of the major key players in the global egg protein market are IGRECA, Bouwhuis Enthoven BV, EUROVO S.r.l., Rose Acre Farms, and Merck KGaA (Sigma Aldrich). The key players in the market are focused on various strategies, including product innovation, merger and acquisition, and expansion, in order to increase their customer base in the market studied.

Egg Protein Market Leaders

Egg Protein Market News

• September 2022: Global biotechnology leader Perfect Day announces=D the new brand identity of its enterprise biology business - nth Bio - and its first publicly-announced partner, Onego Bio, Ltd. Following the announcement of its enterprise biology hub and second US base in Salt Lake City.
• January 2022: Symrise announced its full acquisition of Schaffelaarbos, a Netherlands-based sustainable egg protein manufacturer, having its ingredient application in pet food. The acquisition was in line with the company's strategy to expand its presence in offering sustainable protein for the pet food and treat industry.
• November 2021: United Nations Food and Agriculture Organization (FAO) announced its investment in piloting the project to manufacture egg powder from eggs in Rwanda. This was in line with the growing demand for egg protein in the region and producing the same locally.