According to a new report, published by KBV research, The Global Egg Protein Market size is expected to reach $49.3 billion by 2031, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 3,229.54 Kilo Tonnes experiencing a growth of 10.6% (2020-2023).
A paradigm transition is occurring in the global food industry as a result of shifting consumer preferences, technological advances, and sustainability imperatives. Among the sectors experiencing transformation, the egg protein market occupies a prominent position, fueled by increasing demand for nutritious, sustainable, and versatile protein sources. As a key player in the protein supplement landscape, egg protein offers many opportunities and challenges shaped by dynamic market forces and emerging trends.
The Powder segment is registering a CAGR of 5.9 % during the forecast period. Egg protein powder offers consumers seeking to increase their protein intake a versatile alternative, as it can be seamlessly integrated into a multitude of recipes and beverages. The broad range of applications for egg protein powder, which includes baked pastries, savory dishes, shakes, and smoothies, caters to a variety of consumer preferences and dietary requirements.
The Egg White Protein led dominated the Global Egg Protein Market by Type in 2023; thereby, achieving a market value of $22.3 billion by 2031. Due to their exceptionally high protein content, egg whites are a highly desirable ingredient among fitness enthusiasts, athletes, and health-conscious consumers. With protein being essential for muscle repair, recovery, and overall health, egg white protein products have gained popularity as convenient and effective sources of quality protein.
The Food & Beverages segment is growing at a CAGR of 5.5 % during the forecast period. With growing concerns about artificial additives and ingredients, the food and beverage industry has shifted towards clean labels and natural products. This trend is well-suited to egg protein, which has led to its usage into a wide range of food and beverage items.
Full Report: https://www.kbvresearch.com/egg-protein-market/
The North America region dominated the Global Egg Protein Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 5.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.8% during (2024 - 2031).
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 Geography (Volume, Kilo Tonnes, USD Billion, 2020-31)
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