The North America Eggshell Membrane Market would witness market growth of 12.5% CAGR during the forecast period (2021-2027). The powder of eggshell membrane is among the most useful ingredients to tackle the aging problem which makes it popular and useful ingredient in the personal care & cosmetics sector. There are various essential elements present in the eggshell membrane, which are beneficial for skin. In addition, it also fulfils the nutritional requirement of a pet and thus, it is used in the pet food sector in order to meet the joint health requirements.
The increasing demand for innovative and sustainable solutions has supported the growth of the eggshell membrane market. Additionally, the growing demand for eggshell membrane in beauty & skincare products is anticipated to bolster the growth of the market during the forecast years. The eggshell membrane market would witness new growth avenues due to the continuous innovations & research initiated to find different uses of the eggshell membrane.
North America held the highest revenue share of the global eggshell membrane market. It is due to the growing cases of arthritis among the geriatric population along with the huge production of eggshell membrane each year. The ongoing research & development on the bio-resource food supplement will also fuel regional growth. In addition, aspects like high per capita income, increasing health concerns and supportive regulation by the governments are estimated to propel the growth of the regional market during the forecast period.
Furthermore, the advancements in technology in the eggshell membrane market coupled with the presence of key players in the market will further augment the growth of the market. The U.S. is among the major countries which are dominating the production of the eggshell membrane, due to its nutritional value in the food & beverage sector. In addition, the country is estimated to witness a substantial share in the eggshell membrane market due to the rapid improvements taking place in the pharmaceutical sector of the region.
The US market dominated the North America Pharmaceutical Market by Country in 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 12.2 % during the forecast period. The Canada market is experiencing a CAGR of 15.6% during (2021-2027). Additionally, The Mexico market would witness a CAGR of 14.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Eggshell Membrane Market is Estimated 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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