The U.S. and Australia Egg Proteins Market was valued at $7,083.6 million and $967.8 million in 2021 and is anticipated to reach $10,332.1 million and $1,722.5 million by 2031, with a CAGR of 3.9% and 6.5% during the forecast period. Egg proteins, such as whole egg protein, egg white protein, and egg yolk protein, are derived from eggs. Products such as whole egg protein, egg white protein, and egg yolk protein are widely consumed in food & beverages and personal care applications, and various nutrition products. Egg proteins are evenly distributed between the egg white and egg yolk, whereas lipids, vitamins, and minerals are primarily concentrated in the egg yolk. Egg proteins such as egg white protein, whole egg protein, and egg yolk protein function as a thickening agent, gelling agent, foaming agent, carrier, and texturizer, which are used in preparations of a wide range of food products.
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The key players profiled in this report include Bioflex Nutrition Pty Ltd., Bio-Techne Corporation, Cargill Incorporated, EW Nutrition GmbH, Bodi Choice Pty Ltd, Merck KGaA, Noumi Limited (Merck Group), NOW Health Group, Inc., OvaInnovations, and VPA Australia.
U.S. and Australian egg protein market trends include the introduction of new products that are made from organic ingredients is expected to break the notion of egg protein ingredients containing artificial ingredients. In addition, the introduction of lactose-free and organic egg proteins is expected to fuel their demand among the health-conscious population creating opportunities for growth of the egg proteins market in the future, as lactose-free protein increases muscle masses & strength. Organizations such as Innovation Center for U.S. Dairy along with egg ingredient manufacturers have been engaged in R&D activities to enhance the properties such as flavor, aroma, and performance of egg protein ingredients. This is anticipated to offer lucrative opportunities for manufacturers to offer an improved variety of egg protein ingredients, which aids them to achieve a higher market share.
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Proteins are considered the building blocks of bones, skin, muscles, and blood. This is attributed to the fact that the human body requires protein to produce hormones, enzymes, and other body chemicals. Presently, protein supplements are used on a large scale, due to a rise in health awareness and an increase in obesity concerns among people. Thus, the U.S. and Australia egg protein market demand in consumers are shifting their preference toward a healthy diet and are increasing their protein intake to get extra nutrients found in these supplements, which fuels the market growth for egg protein. Egg white protein offers several benefits such as it helps individuals to feel full for a longer time and stay energized, thus preventing unnecessary cravings. This, in turn, helps them to maintain their weight. Thus, all these factors collectively drive the demand for egg protein, thereby fueling the growth of the market.
Key benefits for stakeholders
- The study provides an in-depth U.S. and Australia egg protein market forecast, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2021 to 2031 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates the competitiveness of the market by analyzing various parameters such as the threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
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