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. 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.
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Market Drivers:
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 findings of the study
- By type, the egg yolk protein segment is estimated to witness the fastest growth, registering a CAGR of 5.3% during the forecast period.
- In 2021, By application, the food & beverage segment held the highest sharewas dominant in 2021, accounting fors 47.01% of the global U.S. and Australia egg proteins market share.
- By form, the solid egg protein segment held the highest share in 2021 and registering a CAGR of 4.2% during the forecast period.
- In By country2021, U.S. was the most prominent market in 2021, and is expected to grow at a significant CAGR throughout the forecast period.
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Prominent Market Players
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.
Regional Outlook:
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.
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