The Asia Pacific Egg Protein Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 875.33 Kilo Tonnes, showcasing a growth of 11.1% (2020-2023).
In the market, egg white protein stands out as a dominant player, revered for its high nutritional value and versatile applications across various industries. As a complete protein source, egg white protein contains all essential amino acids, making it a preferred choice for athletes, fitness enthusiasts, and individuals seeking to boost their protein intake. Its low fat and cholesterol content further contribute to its popularity among health-conscious consumers. Thus, the China market consumed 141.47 Kilo Tonnes of this protein in 2023.
The China market dominated the Asia Pacific Egg Protein Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,649.2 million by 2031. The Japan market is registering a CAGR of 6.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.4% during (2024 - 2031).
In the pharmaceutical and nutraceutical sectors, this protein finds applications in developing dietary supplements, medical nutrition products, and therapeutic formulations. Egg-derived proteins, such as ovalbumin and ovomucin, exhibit bioactive properties with potential health benefits, including immune modulation, cholesterol management, and antioxidant activity.
In addition, the trend towards functional foods and fortified products is driving innovation in the protein formulations, with manufacturers developing products tailored to specific health and wellness needs. Functional components are added to protein-based products to improve their nutritional profile and health-promoting qualities. These components include vitamins, minerals, antioxidants, and probiotics. Fortified protein products target diverse consumer segments, including children, seniors, and individuals with specific dietary requirements or health conditions.
As per the data from the State Council of China, the Chinese sports industry experienced substantial expansion in 2022, attaining a cumulative value of 3.3 trillion yuan ($461.3 billion), reflecting a year-on-year growth of 5.9 percent. Thus, the rising sports industry and sweet and snacks sector in the Asia Pacific will increase demand for cereal bars. Moreover, As per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. South Korea’s trade surplus in the cosmetics sector grew by 28.6 percent to $7.8 billion. Thus, the expanding cosmetics and sports sector in Asia Pacific will help in the growth of the regional market.
Free Valuable Insights: The Global Egg Protein Market is Predict to reach USD 49.3 Billion by 2031, at a CAGR of 6.2%
Based on Form, the market is segmented into Powder, and Liquid. Based on Type, the market is segmented into Egg White Protein, Whole Egg Protein, and Egg Yolk Protein. Based on Application, the market is segmented into Food & Beverages, Nutrition, Personal Care & Cosmetics, Feed, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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 Country (Volume, Kilo Tonnes, USD Billion, 2020-31)
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