LAMEA Eggshell Membrane Market By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceutical, Nutraceuticals, and Other Applications), By Type (Hydrolyzed and Unhydrolyzed), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Eggshell Membrane Market would witness market growth of 14.2% CAGR during the forecast period (2021-2027).
The rising cases of arthritis across the world are estimated to drive the growth of the eggshell membrane market. It is because the eggshell membrane is one of the core ingredients used in the treatment of arthritis. The presence of natural elixir helps in curing arthritis, which increases its demand in the pharmaceutical sector. In addition, the eggshell membrane can be widely used in different products owing to the numerous therapeutic benefits attached to it.
It is estimated that the prevalence of arthritis will rise in the coming years, which would bolster the growth & demand of the eggshell membrane market. Along with this, the growing usage of eggshell membrane in the treatment of arthritis will also support the growth of the market during the forecast period.
The prevailing problem of under-nutrition in sub?Saharan Africa due to the unavailability of high-quality, nutritious and healthy food products is estimated to open lucrative opportunities for the key players. In addition, insufficient dietary intake leads to a deficiency in nutrients like calcium, which is the building block of growth and physiological functioning. This creates profitable opportunities for the key players of the eggshell membrane market to enter this region and gain dominance in the regional market.
There is a need to develop appropriate communication methods to convey the benefits of the eggshell membrane, which will motivate people in the region to adopt the product. Eggshell membrane is a rich source of calcium & protein that can fulfill the growing demand for nutritious food in the Africa region.
The Hydrolyzed market dominated the South Africa Eggshell Membrane Market by Type in 2020, thereby, achieving a market value of $2,906.2 Thousands by 2027. The Unhydrolyzed market is expected to witness a CAGR of 15.4% during (2021-2027).
Based on Application, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceutical, Nutraceuticals, and Other Applications. Based on Type, the market is segmented into Hydrolyzed and Unhydrolyzed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kewpie Corporation, Microcore Research Laboratories India Private Limited, Ecovatec Solutions, Inc., Eggnovo S.L, Dutch Eggmembrane Protein Powder (DEPP) B.V., Stratum Nutrition (ESM Technologies, LLC), Certified Nutraceuticals, Inc., Bolise Co., Limited, Mitushi Biopharma, and Biova, LLC.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Personal Care & Cosmetics
- Other Applications
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Kewpie Corporation
- Microcore Research Laboratories India Private Limited
- Ecovatec Solutions, Inc.
- Eggnovo S.L
- Dutch Eggmembrane Protein Powder (DEPP) B.V.
- Stratum Nutrition (ESM Technologies, LLC)
- Certified Nutraceuticals, Inc.
- Bolise Co., Limited
- Mitushi Biopharma
- Biova, LLC
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