The Asia Pacific Eggshell Membrane Market would witness market growth of 14.6% CAGR during the forecast period (2021-2027). The introduction of the high health relative natural products in the market has encouraged the product manufacturers to use agricultural bio-resources in the food and beverage products.
The eggshell membrane consists of high dietary supplements, which include naturally present proteins essential and glycosaminoglycan. The growth of the eggshell membrane market is estimated to fuel by the increasing popularity of agricultural bio-resources in biological engineering across the globe. The rising focus on the eggshell membrane as the natural bio-resource has positively impacted the global eggshell membrane market.
Eggshell membrane has various wound-healing, anti-inflammatory, and anti-bacterial properties that are useful in the treatment of diseases like gastrointestinal and osteoarthritis, which is likely to propel the growth of the market. In addition, the growth of the market would be boosted by the rising health consciousness among the old age population along with the shifting lifestyle. Moreover, there are various sectors like healthcare and food & beverage, which are widely adopting eggshell membrane and its different derivatives in their production. So, it is estimated to act as a catalyst for the growth of the eggshell membrane market in the coming years. In addition, the increasing demand for eggshell membrane in the cosmetics and pet food sectors would open new growth prospects for the eggshell membrane market.
Asia is the largest producer of egg, which helps in providing reduced cost of raw material for the eggshell membrane manufactures. It also motivates various manufacturers to enter the market and escalate their market share in this region. In addition, major aspects like the growing adoption of eggshell membrane-based products like nutraceuticals, the increasing number of manufacturing facilities and the growing research & development centers are projected to spur the growth of the market in the forecast years.
Moreover, the growing economies in this region and the shifting preference of consumers towards natural & healthy products would also augment the market growth. Consumers in this region are increasingly opting for products, which are made up of naturally sourced ingredients, thereby propelling the growth of the Asia Pacific market.
The Food & Beverages market dominated the Malaysia Eggshell Membrane Market by Application in 2020, thereby, achieving a market value of $714.3 Thousands by 2027. The Personal Care & Cosmetics market is showcasing a CAGR of 15.6% during (2021-2027). Additionally, The Pharmaceutical market is expected to witness highest CAGR of 16.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Eggshell Membrane Market is Projected to reach USD 198.9 Million by 2027, at a CAGR of 13.2%
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.
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