The Latin America, Middle East and Africa Egg Protein Market would witness market growth of 8.6% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 302.78 Kilo Tonnes, showcasing a growth of 9.8% (2024-2031).
In the egg protein market, egg yolk protein represents a significant segment characterized by its diverse applications and nutritional benefits. With egg yolks containing essential nutrients such as vitamins, minerals, and healthy fats, egg yolk protein is highly sought after for its role in enhancing the nutritional profile of various food products. Thus, the Brazil market consumed 15.46 kilo tonnes of this protein in 2023.
The Brazil market dominated the LAMEA Egg Protein Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,020.9 million by 2031. The Argentina market is showcasing a CAGR of 9.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.3% during (2024 - 2031).
Environmental sustainability and ethical considerations increasingly influence purchasing decisions in the market. Customers look for goods that reflect their beliefs, such as ethical sourcing, ecologically friendly production processes, and humane treatment of animals. Egg producers respond by implementing sustainable farming practices, investing in animal welfare initiatives, and adopting eco-friendly packaging solutions.
Furthermore, advances in nutrigenomics and personalized nutrition drive the development of customized protein formulations tailored to individual health profiles, genetic predispositions, and lifestyle factors. These personalized solutions address specific nutritional deficiencies, metabolic needs, and dietary preferences, optimizing health outcomes and performance goals. Diets with specialized requirements, such paleo, ketogenic, and low-FODMAP diets, are incorporating this protein to cater to the nutritional needs of those with certain health concerns or wellness goals.
As per the data from the Government of South Africa, measured in real terms (constant 2019 prices), total income generated by the food and beverages industry increased by 14,9% in February 2023 compared with February 2022. Positive annual growth rates were recorded for bar sales (35,5%) and food sales (13,8%). According to the United States Department of Agriculture data, UAE is the second largest foodservice sector within the Arab Gulf Cooperation Council (GCC) region after Saudi Arabia. In 2021, the value of the UAE hotel, restaurant, and institutional sector totaled $12.3 billion, almost a 17 percent increase from 2020. Thus, with the growing food service and food & beverage sectors in LAMEA, there will be enhanced demand in the region.
Free Valuable Insights: The Worldwide Egg Protein Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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