Egg Protein Market - Forecast(2023 - 2028)

Egg Protein Market Overview

The Egg Protein Market size is estimated to reach $10.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 4.9% over the forecast period of 2022-2027. Egg proteins are utilized in a wide variety of dishes. They have a variety of bioactivities and characteristics that are beneficial to food processing. It is an emulsifier, thickening, gelling, and foaming agent, as well as a texturizer and is also employed in the food, cosmetics, and animal feed industries. Egg protein is high in folic acid and amino acid that helps to maintain and repair body tissue. Riboflavin binding protein (RBP) delivers the vitamin riboflavin from the laying hen's bloodstream to the eggs, where it is required for embryonic growth and development. For the extraction of genomic DNA from bacterial cells, an egg white lysozyme was utilized. Proteins are the building blocks of numerous essential body components, such as bones, muscles, skin, and blood. This is owing to the belief that the human body requires protein to make enzymes, hormones, and other biochemicals that are necessary for survival. Lactose intolerant people can eat egg protein since it is lactose-free. Consumption of egg protein aids in weight loss as well. According to the Food and Agricultural Organization (FAO), egg production reached over 82 million metric tons in 2019. As the demand for eggs soars among consumers owing to its various health benefits , the market growth is also enhancing. Growing health consciousness among consumers and the rising prevalence of obesity and cardiovascular disease giving rise to the need for egg protein are some of the factors driving the Global Egg Protein Industry forward in the projected period of 2022-2027.

Report Coverage

The report: “Global Egg Protein Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Egg Protein Market.

By Type- Whole Egg Protein, Egg White Protein, and Egg Yolk Protein.
By Application- Bakery, Meat Product, Ice Cream, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Argentina and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, North America held a dominant market share in the year 2021. It is owing to increasing trends toward fitness among consumers that give rise to the demand for protein-based products and thus the consumption of egg protein increasing. Also, consumers are preferring products that contain protein like eggs as it helps to enhance the taste in a variety of dishes. Nowadays, various types of innovative dishes are made with the help of egg protein, and thus the demand for egg protein grows in the food industry which in turn enhances the market growth.
• Growing health consciousness among consumers and the rising prevalence of obesity and cardiovascular disease are some of the factors driving the Global Egg Protein Market. However, the rising population of veganism is one of the factors impeding the market growth.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Egg Protein Market Report.

Egg Protein Market- Geography (%) for 2021.

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Egg Protein Market Segmentation Analysis- By Type

The Global Egg Protein market based on the type can be further segmented into Whole Egg Protein, Egg White Protein, and Egg Yolk Protein. Whole Egg Protein held a dominant market share in the year 2021. The trend of consuming a healthy diet increases the adoption of whole egg protein. Owing to the health benefits, people intake whole egg protein in their breakfast time as it helps to provide energy. Nowadays, people joined various fitness centers like the gym, yoga clubs, and many others which also soars the adoption of whole egg protein among people. According to the International Food Information Council Foundation, about 45% of adults consume dietary foods which in turn soars the demand for egg protein.

However, Egg Yolk Protein is estimated to be the fastest-growing, with a CAGR of 6.1% over the forecast period of 2022-2027. It is owing to its growing demand in various industries such as bakery, meat products, and many others. Egg yolk is used in the bakery industry in order to make various products such as cakes, pastries, and many others. Also, in various dishes of meat, the use of egg yolk grows as it helps to enhance the taste of food and provides protein to the food. Therefore, the adoption of egg yolk increases in various sectors.

Egg Protein Market Segmentation Analysis- By Application

The Global Egg Protein market based on the application can be further segmented into Bakery, Meat Products, Ice Cream, and Others. Bakery held a dominant market share in the year 2021. In the bakery sector, the demand for egg protein increases as it helps to make a variety of dishes such as cakes, pastries, egg puffs, meringues, cookies, pastry creams, and custards. In addition, eggs are used for various purposes such as binding, and also help to provide color and flavor. In baked goods, egg-based components provide a variety of usefulness and flavor. Bakers can easily increase product quality by using these identifiable components in an industrial style. For instance, according to the Food Safety and Standards Authority of India (FSSAI), the bakery industry is growing at a rate of 9% in 2020, and thus the demand for egg protein growing rapidly.

However, Meat Products are estimated to be the fastest-growing, with a CAGR of 6.5% over the forecast period of 2022-2027. Rising consumption of a variety of dishes in meat products soars the use of egg protein as egg protein helps to enhance the taste of food. Moreover, in restaurants and hotels, the availability of innovative meat dishes growing as consumers prefer delicious and tasty dishes which further surges the adoption of egg protein.

Egg Protein Market Segmentation Analysis- By Geography

The Global Egg Protein market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 34% in the year 2021 as compared to its other counterparts. It is owing to the rising consumption of egg protein snacks among consumers. Also, health awareness among consumers gives rise to the adoption of protein-based food which in turn enhances the market growth. Furthermore, consumers choose products that contain protein, such as eggs, as they serve to enhance the flavor of a variety of foods. Various types of novel recipes are now prepared with egg protein, resulting in increased demand for egg protein in the food business, which in turn boosts the market growth. According to the United State Department of Agriculture, about 327.8 million eggs are produced in 2021 as the demand for egg protein grows among the consumers which in turn enhances the market growth.

Egg Protein Market Drivers

Growing Health Consciousness among Consumers has Readily Aided the Market Growth

People are becoming more conscious of their health as well as following a balanced diet that plays a significant part in regular body functioning and maintaining health, which has led to an increase in the consumption of egg protein in recent years. According to the National Institute of Health, in 2020 about 93% of consumers eat healthy in their everyday consuming patterns. Egg protein consumption has a number of health benefits, including weight loss and muscle growth. Nowadays, people are shifting towards a protein-based diet owing to growing awareness about fitness. Nowadays, people joined various fitness centers like the gym, yoga clubs, and many others, and the recommendation of egg protein consumption by fitness trainers further increases the production and consumption of egg protein.

Rising Prevalence of Cardiovascular Diseases Gives Rise the Demand of Egg Protein Which is Set to Drive the Market Growth

Globally, cardiovascular disease (CVD) is now the leading cause of death and it is a significant public health problem. Furthermore, as a result of the western impact on lifestyle, an aging population, and poor dietary habits, cardiovascular disease is on the rise. According to World Health Organization, about 17.9 million people die every year owing to cardiovascular diseases in 2020. Owing to such factors, people are concerned about their health and consume more egg protein in order to reduce the risk of cardiovascular diseases.

Egg Protein Market Challenges

The Increasing Vegan Population is one of the factors impeding the market growth

Vegan diets are increasing in popularity owing to the growing vegan population. Nowadays, people are shifting to plant-based diets so, they always looking for meat-free options when they grocery shop and go out to eat. The vegan retail food business rose by 11.4 percent in March 2020, according to the Plant-Based Foods Association (PBFA). About 14% of the world’s population are vegans and consumed only meat-free products. Owing to this, manufacturers are focusing on innovating products that are free from animal-based. Owing to such factors, the demand for egg protein hampers the market growth.

Egg Protein Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Egg Protein Market. The top 10- Global Egg Protein Market companies are-

1. Blonyx
2. Bouwhuis Enthoven
3. Ovostar Union NV
4. Merck KGaA
5. Rose Acre Farms
6. Eurovo Group
7. Dalian Hanovo Foods
8. GF Ovodry
9. Taiyo Kagaku Co. Ltd.
10. Sanovo Technology Group.

Recent Developments

• In February 2021, Blonyx launched the UK’s first Egg White Protein Isolate product in order to provide enough protein to the athlete. This product also comes in a single chocolate milk flavor and makes use of a novel filtering technology that removes the sulfur and some sugars from egg whites. 
• In September 2020, Bouwhuis Enthoven introduced two protein components based on egg whites that enable high-protein snacks to overcome shelf-life and sensory problems. Eggcellent is a high-protein, fat-free, and carbohydrate-free product offered under the Eggcellent brand.
• In May 2020, Ovostar Union NV announced its plans to invest US$ 130 Mn to set up an egg production unit in Latvia. This expansion was planned as a joint venture with Adven, a provider of energy and water services.

Relevant Titles

Egg Processing Market- Forecast (2022-2027)

Report Code- FBR 79936

Egg Ingredients Market- Forecast (2022-2027)

Report Code- FBR 0489

Egg Protein Powder Market- Forecast (2022-2027)

Report Code- FBR 82177

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