Global Egg Protein Powder market report 2024, Forecast To 2033
30 Jan, 2024
The egg protein powder market has demonstrated strong growth, progressing from $4.59 billion in 2023 to $4.9 billion in 2024, showcasing a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period is attributed to the increasing demand in fitness and sports nutrition, dietary preferences favoring allergen-free options, applications in baking and culinary, and considerations for weight management. Envisaging continued strong growth in the next few years, the market size is projected to reach $6.47 billion in 2028, sustained by a consistent CAGR of 7.2%. Growth in the forecast period can be attributed to considerations for health and wellness, the increasing demand for alternative ingredients, sustainability initiatives, the rise of digital marketing and e-commerce, and the growing interest in plant-based alternatives. Major trends in the forecast period include allergen-free and food sensitivity solutions, technological advancements, the use of functional ingredients, innovative applications, and the introduction of new products.
Global Egg Protein Powder Market Key Driver
The egg protein powder market is set to grow with the high growth in the nutraceuticals & dietary supplement industry. The Indian nutraceutical market is expected to reach around $18 billion by 2025, according to the Food Safety and Standards Authority of India. The nutritional and functional properties of egg protein powder drive its demand in the industry.
Get A Free Sample Of The Global Egg Protein Powder Market ReportGlobal Egg Protein Powder Market Segments
The global egg protein powder market covered in this report is segmented –
1) By Type: Whole Egg Powder, Egg Yolk Powder, Egg White Powder
2) By Form: Solid, Liquid
3) By Application: Dietary Supplements, Bakery Products, Meat Products, Ice Creams, Other Applications
By Geography: The regions covered in the Egg Protein Powder market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the egg protein powder market in 2023. The regions covered in the egg protein powder market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Egg Protein Powder Industry Players
Avangardco Investments Public Limited, Bouwhuis Enthoven B.V., BNL Food Group B.V., DEB EL FOOD B.V., Eurovo Group, Kewpie Corporation, NOW Health Group Inc., VPA Australia Pty Ltd, Rose Acre Farms Inc., Sanovo Technology Group, DEPS B.V., Taiyo Kagaku Co. Ltd., Cargill Incorporated, Archer Daniels Midland Company, DuPont de Nemours Inc., Evonik Industries AG, BASF SE, Koninklijke DSM N.V., Solvay SA, Ajinomoto Co Inc., Novozymes A/S, Chr. Hansen A/S, Red Nucleus Solutions LLC, Nutreco N.V., Adisseo France SAS, Alltech Inc., Weert Limburg B.V., Dutch Farms Inc., Jay Robb Enterprises Inc.
Get The Full Global Egg Protein Powder Market ReportEgg Protein Powder Market Overview
Egg protein powder is a product made from pasteurized isolated protein from eggs. Egg protein powder has a high biological value and contains various vitamins and minerals, making it a great choice of protein powder for many people. Egg protein powder is a natural, unflavoured product that has a harsh taste. Egg protein powder is mainly used because it is lactose-free and very low in carbohydrates and fats.
Egg Protein Powder Global Market Report 2023 provides data on the global egg protein powder market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The egg protein powder market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.