“Global Egg Protein Market to reach a market value of USD 49.3 Billion by 2031 growing at a CAGR of 6.2%”
The Global Egg Protein Market size is expected to reach $49.3 billion by 2031, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 3,229.54 Kilo Tonnes experiencing a growth of 10.6% (2020-2023).
European consumers are increasingly seeking natural and minimally processed food ingredients. This protein, derived from eggs, is perceived as a natural and wholesome source of protein, appealing to health-conscious consumers. Consequently, the European region would acquire nearly 28% of the total market share by 2031. Also, the Russian market would consume 255.06 kilo tones of this protein by 2031. Additionally, the growing popularity of fitness and sports nutrition products has contributed to the expansion of the market in Europe.
An escalating preoccupation among consumers with health and wellness has led to a proactive quest for palatable and nutrient-dense foods. Eggs, being a natural and nourishing food, are considered an essential component of a nutritious dietary regimen owing to their substantial protein, vital vitamin, and mineral content. Moreover, protein aids in weight management by promoting feelings of fullness and reducing appetite. As obesity rates continue to rise globally, consumers turn to protein-rich foods like eggs to help them feel satisfied and maintain a healthy weight. Therefore, these factors can help in the growth of the market. Additionally, this protein is also suitable for various dietary preferences, including vegetarian, paleo, and keto diets. This versatility allows manufacturers to cater to diverse consumer needs and preferences, further driving the popularity of this protein products in the market. In addition, with regard to the body's ability to utilize the protein for tissue growth and repair, this protein is distinguished by its high biological value. Thus, these aspects will boost the demand for this protein in the coming years.
However, A growing interest in plant-based diets is among the healthier and more environmentally friendly dietary options that are becoming increasingly popular among consumers. Moreover, the rise of veganism and flexitarianism further accelerates this shift away from animal-derived products, including this protein. Consumers are increasingly seeking plant-based protein options for health reasons and ethical and environmental considerations, such as animal welfare and sustainability. Hence, these factors can limit the growth of the market.
Based on form, the market is bifurcated into powder and liquid. In 2023, the liquid segment witnessed a 20% revenue share in the market. In terms of Volume, the liquid segment registered a volume of 176.69 kilo tonnes in 2023. The pasteurization process utilized in liquid egg products mitigates the potential for foodborne illnesses that are linked to raw eggs. This increased safety reassures consumers and encourages their use in various food preparations.
Based on type, the market is segmented into egg white protein, whole egg protein, and egg yolk protein. In 2023, the whole egg segment garnered a 30% revenue share in the market. In light of the increasing consumer focus on health and wellness, there is a growing preference for minimally processed and natural protein sources. Whole eggs are perceived as a wholesome and natural food choice, which has led to growing demand for egg-based products.
On the basis of application, the market is divided into food & beverages, nutrition, personal care & cosmetics, feed, and others. The nutrition segment recorded a 28% revenue share in the market in 2023. In terms of volume, the nutrition segment recorded a volume of 848.72 kilo tonnes in 2023. The protein products are often considered clean and natural, especially compared to synthetic protein supplements. Consumers seek products with minimal additives and recognizable ingredients, making this protein a favorable choice. Manufacturers constantly innovate and introduce new products to meet consumers’ evolving needs and preferences.
Free Valuable Insights: Global Egg Protein Market size to reach USD 49.3 Billion by 2031
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 36% revenue share in the market in 2023. The sports nutrition industry in North America is witnessing significant growth, fueled by increasing participation in fitness activities, rising gym memberships, and growing awareness about the significance of protein for muscle building and recovery.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 30.9 Billion |
| Market size forecast in 2031 | USD 49.3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.2% from 2024 to 2031 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 329 |
| Number of Tables | 710 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Form, Type, Application, Region |
| Country scope |
|
| Companies Included | Kewpie Corporation, Merck KGaA, Bouwhuis Enthoven BV (Van Beek Group B.V.), Rose Acre Farms, Inc., Rembrandt Foods, Eurovo Srl, Igreca SAS, NOW Foods, Inc., Sanovo Technology Group (Thornico A/S) and Cargill, Incorporated |
By Form (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-31)
This Market size is expected to reach $49.3 billion by 2031.
Growing emphasis on health and fitness are driving the Market in coming years, however, Evolving consumer preferences and dietary trends restraints the growth of the Market.
Kewpie Corporation, Merck KGaA, Bouwhuis Enthoven BV (Van Beek Group B.V.), Rose Acre Farms, Inc., Rembrandt Foods, Eurovo Srl, Igreca SAS, NOW Foods, Inc., Sanovo Technology Group (Thornico A/S) and Cargill, Incorporated
In the year 2023, the market attained a volume of 3,229.54 Kilo Tonnes experiencing a growth of 10.6% (2020-2023).
The Egg White Protein led dominated the Market by Type in 2023; thereby, achieving a market value of $22.3 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17.2 billion by 2031.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 