Egg proteins are functional ingredients used in the preparation of a wide range of food products. They possess many functional properties and bioactivities, which aid in the processing food & beverages. The global egg proteins market was valued at $26,587.1 million in 2018, and is anticipated to reach $38,905.9 million by 2026, with a CAGR of 4.8% during the forecast period. Egg proteins such as egg white protein, whole egg protein, and egg yolk protein function as thickening agent, gelling agent, foaming agent, carrier, and texturizer, which are used in preparations of a wide range of food products. Moreover, they find their application in animal feed, personal care, nutrition, and textiles. Furthermore, manufacturers of food & beverages ingredients have been significantly investing in R&D activities to enhance functions, performance, and nutritional value of egg proteins.
Proteins are considered as the building blocks of many vital components of the body, including bones, muscles, skin, and blood. This is attributed to the fact that the human body required protein to produce enzymes, hormones, and other biochemicals essential for the vital functions. Recently, protein supplements have been used, owing to rise in health-consciousness and increase in concerns about obesity among consumers. Consumers have been shifting their focus toward healthy and nutritional diet, owing to rise in healthcare awareness, further increasing their protein consumption to gain extra nutrition from the protein supplements prepared using egg proteins. This, in turn, is expected to fuel the growth of the market for egg proteins. Egg white protein powders are most preferred source of protein in supplement among the consumers, which is expected to drive the demand for egg white protein. Furthermore, the food & beverage industry is the major consumer of egg proteins, as egg acts a functional ingredient and as a major protein source in food preparations. In addition, rise in awareness about the benefits and functions of egg proteins in food & beverages applications such as bakery, confectionery, snacks, meat, and seafood are expected to drive the market for egg proteins in the industry.
The global egg proteins market is segmented into type, application, form, and region. By type, the market is categorized into egg white protein, whole egg protein, and egg yolk protein. The applications covered in the study include food & beverages, nutrition, personal care & cosmetics, feed, and others. On the basis of form, the market is bifurcated into solid and liquid. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players profiled in this report include Cargill, Kewpie Corporation, Rose Acre Farms, Rembrandt foods, Bouwhuis Enthoven Wulro BV, Igreca, Sanovo Egg Group, Interovo Egg Group BV, and Dalian Hanovo Foods Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Application
By Region
Proteins are considered as the building blocks of many vital components of the body, including bones, muscles, skin, and blood. This is attributed to the fact that the human body required protein to produce enzymes, hormones, and other biochemicals essential for the vital functions. Recently, protein supplements have been used, owing to rise in health-consciousness and increase in concerns about obesity among consumers. Consumers have been shifting their focus toward healthy and nutritional diet, owing to rise in healthcare awareness, further increasing their protein consumption to gain extra nutrition from the protein supplements prepared using egg proteins. This, in turn, is expected to fuel the growth of the market for egg proteins. Egg white protein powders are most preferred source of protein in supplement among the consumers, which is expected to drive the demand for egg white protein. Furthermore, the food & beverage industry is the major consumer of egg proteins, as egg acts a functional ingredient and as a major protein source in food preparations. In addition, rise in awareness about the benefits and functions of egg proteins in food & beverages applications such as bakery, confectionery, snacks, meat, and seafood are expected to drive the market for egg proteins in the industry.
The global egg proteins market is segmented into type, application, form, and region. By type, the market is categorized into egg white protein, whole egg protein, and egg yolk protein. The applications covered in the study include food & beverages, nutrition, personal care & cosmetics, feed, and others. On the basis of form, the market is bifurcated into solid and liquid. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players profiled in this report include Cargill, Kewpie Corporation, Rose Acre Farms, Rembrandt foods, Bouwhuis Enthoven Wulro BV, Igreca, Sanovo Egg Group, Interovo Egg Group BV, and Dalian Hanovo Foods Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global egg proteins market, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2018 to 2026 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights the business practices followed by the leading market players across various regions.
KEY MARKET SEGMENTS
By Type
- Egg White Protein
- Whole Egg Protein
- Egg Yolk Protein
By Application
- Food and Beverages
- Nutrition
- Personal Care and Cosmetics
- Feed
- Others
- Form
- Solid
- Liquid
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: EGG PROTEINS MARKET, BY TYPE
CHAPTER 5: EGG PROTEINS MARKET, BY FORM
CHAPTER 6: EGG PROTEINS MARKET, BY APPLICATION
CHAPTER 7: EGG PROTEINS MARKET, BY REGION
CHAPTER 8: COMPETITION LANDSCAPE
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to the report titled 'Egg Protein Market by Type, Application, and Form: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global egg proteins market size was valued at $26,587.1 million in 2018, and is anticipated to reach $ 38,905.9 million by 2026, with a CAGR of 4.8% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $12,300 million from 2018 to 2026. Egg proteins such as egg white protein, whole egg protein, and egg yolk protein are widely consumed across industries such as nutrition, food & beverages, personal care, cosmetics, feed, and textiles. Their versatility and multifunctionalities such as texturizing, gelling, binding, foaming, and thickening have resulted in their worldwide adoption across these industries.The growth of the egg proteins market is driven by increase in consumption in preparation of food products such as bakery, confectionery, snack products, processed meat, and seafood products. Furthermore, the demand is propelled by surge in need for nutritional food in the market. Owing to increase in awareness about the benefits offered by nutritional and health food products, consumers are shifting their focus toward healthy diets and are increasing their intake of protein to gain extra nutrition from the egg-based protein supplements, which significantly contributes toward the growth of the global egg proteins market.
According to Roshan Deshmukh, Assistant Manager, Food and Beverages, “Surge in awareness among consumers regarding the health benefits of consumption of protein supplements and protein-based food products is expected to drive the growth of egg proteins market in the near future.”
The egg proteins market is segmented on the basis of types, application, form, and region. On the basis of type, the egg white protein has been the most preferred choice of egg proteins among consumers, due to its high protein content and multifunctionality. Thus, the egg white protein segment was valued at $ 13,419.1 million, and is expected to grow with a CAGR of 4.2% from 2019 to 2026, to reach $ 18,774.8 million by 2026. However, the egg yolk protein segment is expected to grow at the highest rate during the forecast period. This is attributed to surge in demand for egg yolk protein powder from consumers wanting to gain weight.
On the basis of application, the food & beverages segment garnered the highest share in 2018, and is estimated to growth with a CAGR of 4.2% during the forecast period. However, the nutrition segment is expected to register the fastest growth in the near future. Surge in awareness about the health benefits of protein supplements among consumers in developing countries is expected to drive growth of the nutrition application segment.
On the basis of form, the solid segment held a significant share in the global market in 2018, and is likely to dominate the market throughout the forecast period, owing to its easy handling & dosage properties and prolonged shelf life. However, the liquid segment is expected to grow at higher CAGR, owing to increase in inclination of consumer toward the ready-to-drink protein supplements.
Region wise, Europe led the market for egg proteins. This is attributed to high per capita consumption of protein supplements in majority of the countries in Europe, including Germany, France, the UK, Italy, and Spain and high demand for food products processed with egg protein ingredients. In addition, rise in preference for egg proteins over other protein ingredients in various food & beverage products due to their multifunctionalities propels the Europe market growth. However, the market in Asia-Pacific is expected to grow at the highest CAGR, due to rise in awareness about the functional benefits of egg protein ingredients and surge in demand for nutritional supplements in developing countries.
Key findings of the study
- By type, the egg yolk protein segment is estimated to witness the fastest growth, registering a CAGR of 5.9% during the forecast period.
- In 2018, by application, the food & beverage segment held the highest share, accounts 47.59% of the global egg proteins market share.
- In 2018, Germany was the most prominent market in the Europe, and is expected to grow at a significant CAGR throughout the forecast period.
The key players profiled in this report include Cargill, Kewpie Corporation, Rose Acre Farms, Rembrandt foods, Bouwhuis Enthoven Wulro BV, Igreca, Sanovo Egg Group, Interovo Egg Group BV, and Dalian Hanovo Foods Co., Ltd.
Companies Mentioned
- Cargill
- Kewpie Corporation
- Rose Acre Farms
- Rembrandt foods
- Bouwhuis Enthoven Wulro BV
- Igreca
- Sanovo Egg Group
- Interovo Egg Group BV
- Dalian Hanovo Foods Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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