Egg Protein Market

Egg Protein Market Overview from 2023 to 2033

The Egg Protein Market is anticipated to be USD 8,895.73 million in 2023. The market's growth is estimated to be steady from 2023 to 2033, with a CAGR of 6.7%. By the end of the forecast period in 2033, the market valuation is expected to reach USD 17,048.18 million.

Consumption Analysis in the Egg Protein Market

• Fitness enthusiasts are on the lookout for low-calorie but rich-in-nutrition food. Egg protein provides the perfect fit as the product is low in calories but nutrient-rich. Thus, egg protein is popular among the health-conscious crowd.
• The incidence of egg protein being used in processed foods is increasing. Egg protein is known for its ability as a thickening, binding, and foaming agent. Thus, processed food manufacturers are seeking the aid of egg protein.
• Egg protein powders are increasing in popularity. With the fitness enthusiast crowd embracing dietary supplements, demand for egg protein powder is boosted, too.
• Consumers are becoming conscious of products being correctly labeled and marketed. Thus, consumers are eager to ensure egg protein is GMO-free and kosher. Producers of egg protein are thus taking care to have packaging that illustrates the product's properties.
• Besides food products, egg protein is also used in other industries. Skincare and haircare products are using egg protein as an ingredient. Egg proteins are acknowledged to help improve the smoothness of skin, and conditioning of hair, among other benefits.

Attributes	Details
Egg Protein Market Value for 2023	USD 8,895.73 million
Projected Market Value for 2033	USD 17,048.18 million
Value-based CAGR of Market for 2023 to 2033	6.7%

Historical Analysis of Egg Protein Market from 2018 to 2022

The egg protein market size in 2018 was tipped to be USD 6,765.34 million. The market's progression was steady in the historical period, with a likely CAGR of 5.5%.

Fitness continued to grow strong during the historical period. The pandemic further highlighted the need to maintain robust immune systems. Egg proteins are nutrient-rich and low in calories and are thus acknowledged to help strengthen the immune system.

By the end of the historical period in 2022, the market valuation reached USD 8,381.07 million.

Attributes	Details
Egg Protein Market Value for 2018	USD 6,765.34 million
Historical CAGR (2018 to 2022)	5.5%
Market Valuation in 2022	USD 8,381.07 million

Long-term Analysis of Egg Protein Market from 2023 to 2033

The egg protein market is estimated to be USD 8,895.73 million in size in 2023. The market is expected to progress at a modest CAGR of 6.7% for the forecast period.

The growth in the forecast period is set to outstrip the increase in the historical period. Fitness trends and the quest to improve immune systems are predicted to grow strong during the forecast period.

Egg protein is also growing in popularity in confluence with complementary products. Dietary supplements, emulsifiers, processed foods, and other industries that involve egg protein are pegged to grow strongly over the forecast period.

Increasing demand for haircare and skincare products is also forecasted to aid the egg protein market. By 2033, when the forecast period ends, the market value is predicted to have reached USD 17,048.18 million.

Key Trends Influencing the Egg Protein Market

• Egg protein suppliers are ensuring the product is not cut off from the gluten-allergic population. There are now gluten-free egg protein offerings in the market, while manufacturers have also branched out to sugar-free products.
• When properly maintained, eggs can last for an extended amount of time. Egg protein, too, when properly stored, can last up to a year. Thus, the product appeals to consumers who wait to seek the benefits immediately and to food manufacturers with good storage facilities.
• Egg protein with different flavors is an emerging trend in the market. The nutrients of egg protein are retained, while the flavors enhance the product's taste.
• Companies in the egg protein market are taking the help of social media to boost the profile of their product. The benefits of egg protein are communicated to the young crowd through collaboration with influencers.
• Egg protein is being fed to livestock to boost the health of the animals. Thus, egg protein is also finding application in the animal feed industry.
• Sports players find the need to maintain their bodies. Egg protein, with all its health benefits, is thus gaining popularity among the sports crowd through the form of sports nutrition.

Category-wise Outlook

Sports Nutrition Enthusiasts Rising the Demand for Egg Protein Supplements

Out of all the reasons for the consumption of egg protein, sports nutrition has emerged on top. In 2023, sports nutrition is expected to account for 19.4% of the market share by end-use application.

Athletes and sports enthusiasts prefer materials that help in the building of muscles while not containing harmful calories. Egg protein satisfies the demand among the sports crowd as it contains a high amount of nutrients without fats or calories. Thus, the adoption of egg protein is high in sports nutrition.

Attributes	Details
Top End Use	Sports Nutrition
Market Share in 2023	19.4%

Thickening Function of Egg Protein is Sought After Most by Food Manufacturers

Egg protein’s quality as a thickening agent makes its demand high among food manufacturers. In 2023, the thickening is expected to hold 20.8% of the market share by function.

The constantly expanding food & beverage industry is constantly in need of thickeners. Egg protein acts as a thickener and helps in the making of bread, cheesecakes, custards, and other products.

Attributes	Details
Top Function	Thickening
Market Share in 2023	20.8%

Country-wise Analysis

Asia Pacific holds lucrative opportunities in the market. China already has a significant market share, and the region's growth is expected to continue.

Japan joins China in terms of promising development in Asia. North America is another region where the market is going strong. The United States has a sizable share of the market.

Countries	CAGR (2023 to 2033)
United States	4.7%
Germany	3.2%
Japan	8.4%
Australia	7.9%
China	9.6%

Dropping of China’s One-child Policy Opens the Gate for Child Nutrition Products to Gain an Even Greater Hold in the Country

China is a flourishing region for the market and is expected to show increased growth over the forecast period. For the 2023 to 2033 period, the CAGR for China is expected to be a bountiful 9.6%.

China is expected to hold 8.8% of the market share in 2023. With the floodgates having been opened with the dropping of the one-child policy, China is spreading its roots in the supplement market. Thus, there is a demand for child nutrition products, which, in turn, helps the egg protein market.

Tremendous Consumption and Production of Eggs in Japan Aids the Egg Protein Market

Japan is another Asian country that holds promise for the market. The market is expected to be strong in Japan, with a CAGR of 8.4% over the forecast period.

A study found that, on average, a Japanese person consumes more eggs than any other in the world. The number is as high as almost one egg per day per Japanese person.

Thus, there is an ever-rising production of eggs in the country, with production numbers increasing every year. The high amount of eggs being produced also means increased production of egg protein as well as the use of the product.

Focus on Fitness Helping the Growth of the Market in Australia

Australia is showing promising signs for the growth of the egg protein market. For the forecast period from 2023 to 2033, the market's progress in Australia is predicted to be healthy, with a CAGR of 7.9%.

The Australian population, especially the younger generation, is enamored of fitness trends. Sports nutrition is also of importance to the young Australian crowd. Thus, egg proteins, through the form of dietary supplements and sports supplements, are being consumed in increasing quantity in Australasia.

Competitive Landscape of the Egg Protein Market

Significant investment is being made into research & development. Egg protein producers are looking to enhance the health properties of the product further. Research and development are also being sought to innovate the product, for example, with different flavor profiles.

The market needs to be more cohesive, with the established players having to contend with a growing list of smaller-scale players.

Recent Developments

• In January 2022, the Dutch brand Schaffelaarbos was acquired by Symrise. Schaffelaarbos is an egg nutrition brand focused on pet food. Through the acquisition, Symrise, a chemical company producing flavors and fragrances, stepped into the egg protein market.
• In November 2021, the United Nations Food and Agriculture Organization (FAO) announced an investment in Rwanda to extract egg protein from eggs. Significant demand in the region for egg protein led to the allotted investment.
• In October 2023, EVERY Co. and Grupo Nutresa collaborated to combine the production capabilities of the two companies. The former is an emerging protein producer, while the latter is Colombia's foremost CPG food company.

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

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

Frequently Asked Questions

How Big is the Egg Protein Market?

The size of the egg protein market is expected to be USD 8,895.73 million in 2023.

What is the Egg Protein Market Forecast?

The egg protein market is forecasted to record a growth of 6.7% from 2023 to 2033.

What is the Future of Egg Proteins in Japan?

The sales of egg proteins are expected to grow at a promising rate of 8.4% in Japan through 2033.

Who are the Prominent Companies in the Egg Protein Market?

Cargill Inc., Rose Acre Farms, and IGRECA are prominent companies in the egg protein market.

What is the Driving Factor Behind the Demand for Egg Proteins?

The health-conscious population is looking for protein-based products and egg proteins in haircare and skincare products.