The egg protein market is anticipated to be worth US$ 8,895.73 million in 2023. Whereas, in 2022 the market was valued to be US$ 8,381.07 million. By 2033, the market size is expected to be worth US$ 17,048.18 million.
Growing health and fitness trends drive market demand. Fitness enthusiasts are looking for foods that are abundant in nutrients but low in fat. Egg protein reaches the sweet spot, being high in protein but low in calories and fat. Furthermore, because of the health benefits it provides, egg protein is in high demand among sports nutrition makers.
Egg protein is also used in the production of bread, confectionery, and other related items. Egg protein is a thickening, binder, and foaming agent. Emulsifiers also contain egg protein. As a result, egg protein is a popular product among processed food manufacturers.
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The application of egg protein in haircare and skincare products is rising. Egg protein is acknowledged to smoothen skin and better condition hair. Another industry where egg protein is being used is the animal feed industry. Egg protein is used to make livestock healthier and more robust.
“Producers in the market are experimenting with egg protein to widen the market scope. Manufacturers have started offering sugar-free and gluten-free versions of egg protein to make the product’s consumer base more inclusive. Manufacturers are also experimenting with varied flavors in egg proteins. Thus, there is promise in developing new and exciting products in the egg protein market”, says Nandini Roy Choudhury (Client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Egg Protein Market
- Sports nutrition is the most popular application of egg protein. In 2023, sports nutrition is expected to hold 19.4% of the egg nutrition market share by end-use application.
- The thickening function of egg protein is valuable for food manufacturers. In 2023, thickening is projected to contribute to 20.8% of the market share by function.
- China is projected to show exceptional growth in the market. The Chinese market’s CAGR is estimated to be 9.6% from 2023 to 2033.
- Japan is another Asian country with significant growth potential. The market is tipped to progress at a CAGR of 8.4% in Japan over the forecast period.
- Australia is emerging as a significant country in the market. The CAGR over the forecast period in Australia is pegged at 7.9%.
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Competitive Landscape of the Egg Protein Market
Investment in research & development is a key strategy among industry players. The market is highly fragmented, with several options present for the consumers. However, established names that are giving unexpected results in the market include Cargill Inc., Rose Acre Farms, Bouwhuis Enthoven, and IGRECA.
Recent Developments
- In January 2022, Symrise acquired the Dutch brand Schaffelaarbos. Schaffelaarbos is known for its egg nutrition products targeted at pets.
- In November 2021, investment into egg protein was made in Rwanda. The United Nations Food and Agriculture Organization (FAO) procured the investment, and through it, the organization means to extract protein from eggs.
- In October 2023, EVERY Co. and Grupo Nutresa collaborated to improve the organizations’ protein production capabilities.
Key Companies in the Egg Protein Market
- Cargill Inc.
- Rose Acre Farms
- Bouwhuis Enthoven
- IGRECA
- SANOVO TECHNOLOGY GROUP
- Interovo Egg Group BV
- Dalian Hanovo Foods Co. Ltd
- Kewpie Corporation
- Rembrandt Enterprises
- Wulro BV
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Key Segments
By End Use:
- 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
By Function:
- Thickening
- Leavening
- Binding
- Preservatives/Antimicrobial
- Emulsifying
- Crystallization
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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