According to a recent Global Market Insights Inc. study, the global Egg Protein Powder Market size is expected to exceed USD 10.85 billion by 2027. Growing demand for protein-rich functional food and beverages owing to increasing consumer focus towards healthy lifestyle and food habits is anticipated to positively influence the market.
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Additionally, the rapidly growing demand for functional ingredients from the bakery industry along with high growth in the dietary supplement and nutraceuticals industry is projected to drive the market over the forecasted period.
As per market analysis, some key findings of the egg protein powder market report consist of:
- The egg white powder type is projected to grow at a CAGR of over 5.0% over the forecast timeframe owing to its increased use in sports nutrition supplements as it works as strength & energy booster.
- The meat product application is predicted to surpass USD 1.70 billion by the end of 2027 owing to growing use in processed meat products as a binding, thickening, emulsifying, and foaming agent.
- Major players in the egg protein powder market are focused on implementing strategic initiatives such as expansion of distribution network and new product development & launch to cater the rising demand for egg protein powder across global.
- North America comprises a significant share in the egg protein powder market and is anticipated to grow with a CAGR of over 5.0% owing to the increasing consumption of protein-fortified functional food products.
Egg yolk powder market reached USD 1.45 billion in 2020. Growing use of egg yolk power in mayonnaise, sauces, dressings, and croissants to obtain colour, texture, and emulation capacity is escalating egg yolk powder demand, Moreover, emerging application of egg yolk powder as a thickening agent in sweet or savoury sauces is anticipated to escalate product demand, which in turn, drives the market growth.
The ice creams application of egg protein powder market is anticipated to witness a growth of over 4.5% in the forecasted period. Egg protein powder is used to improve the texture of the ice cream. It also increases the whipping properties of the ice creams mix and helps to shorten the freezing time per batch during ice cream production. Furthermore, it also acts as an emulsifier in ice cream mix as it contains both water and fat compounds. Thus, egg protein powder is increasingly used as an essential ingredient during the ice cream production, this factor in turn, is projected to drive market growth over the forecast period.
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Asia Pacific egg protein powder market is anticipated to grow at a significant pace at over 6.0% CAGR up to 2027. High production of dietary supplement, meat products, and ice cream in the region offer growth opportunity for the market. Rising trend of health clubs & fitness centres in the region accelerates the demand for dietary and sport nutrition supplements, which in turn, supports the growth of the market.
China and India are among the leading egg producing countries across the globe. High production of eggs ensures a reliable supply of raw material for the commercial production of egg protein powder. This factor is projected to further escalate the production of egg protein powder in the region over the forecast period.
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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