Cibi e Bevande
Egg Protein Market to Garner $38.90 Bn, Globally, by 2026 at 4.8% CAGR, Says Allied Market Research
Consumer awareness regarding healthy diet, and rise in demand for proteins as nutritional and functional ingredients have boosted the growth of the global egg protein market. However, surge in demand for plant-based proteins hampers the market. On the contrary, innovations in products and introduction of protein supplements in the untapped markets are expected to create lucrative opportunities in the near future.
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Based on type, the egg white protein held the largest share in 2019, contributing to more than half of the global egg protein market, owing to increase in adoption of protein ingredients in nutritional foods and cosmetics products. However, the egg yolk protein segment is expected to portray the fastest CAGR of 5.9% during the forecast period, owing to its multi-functionalities such as thickening, leavening, binding, preservatives/antimicrobial, emulsifying, and crystallization.
The nutrition segment is expected to register the fastest CAGR of 5.9% during the forecast period, due to its high nutritional content and increase in its demand in the developed countries. However, the food & beverage segment held the largest share in 2019, accounting for nearly half of the global egg protein market, owing to surge in the number of health-conscious consumers.
The global egg protein market across Europe , followed by North America , held the largest share in 2019, contributing to more than one-third of the market. However, the market across the Asia-Pacific region is expected to manifest the fastest CAGR of 6.3% during the forecast period, due to the development of the food & beverage industry and increase in awareness about nutritional supplements among consumers.
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