Global Egg Protein Powder Market Overview
Egg Protein Powder Market Size was estimated at 2.09 (USD Billion) in 2022. The Egg Protein Powder Market Industry is expected to grow from 2.25(USD Billion) in 2023 to 4.2 (USD Billion) by 2032. The Egg Protein Powder Market CAGR (growth rate) is expected to be around 7.21% during the forecast period (2023 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Egg Protein Powder Market Trends Highlighted
Key market drivers for egg protein powder include rising demand for protein-rich supplements, increasing awareness of the health benefits of egg protein, and growing use in food and beverage formulations. Opportunities for market players lie in catering to the growing vegan and vegetarian population, developing innovative egg protein-based products, and expanding into emerging markets. Recent trends indicate a shift towards plant-based protein sources, driving demand for egg protein powder as a viable alternative. Moreover, technological advancements in extraction and processing methods have enhanced the quality and functionality of egg protein powder, further fueling market growth.
Egg Protein Powder Market Drivers
Increasing Demand for Plant-Based Protein Sources
The world’s population continues to grow, and the demand for plant proteins is increasing along with the health awareness of the population. Egg protein powder, which is obtained from egg whites, represents an alternative to all animal proteins, as it offers a well-balanced amino acid profile. It offers a long list of nutritional benefits, has a great application range and has great potential in the manufacturing of various food and beverage products like protein, powdered drinks, sports supplements, and even bakery products.
The demand for egg protein powders will likely continue to grow in future years due to the growing popularity of plant-based diets, mostly amongst millennials and Gen Z.
Growth of the Sports Nutrition Industry
The sports nutrition industry is experiencing significant growth worldwide, driven by the increasing participation in fitness activities and the rising awareness of the importance of protein intake for muscle recovery and growth. Egg protein powder is a popular choice among athletes and fitness enthusiasts due to its high protein content, rapid absorption rate, and ability to support muscle synthesis. The growing demand for sports nutrition products, including protein powders, bars, and supplements, is expected to positively impact the Egg Protein Powder Market Industry.
Expansion of the Functional Food and Beverage Market
The functional food and beverage market is expanding rapidly as consumers seek products that offer health benefits beyond basic nutrition. Egg protein powder is gaining traction in this market due to its functional properties, such as emulsifying, foaming, and gelling. It is used as an ingredient in a wide range of functional foods and beverages, including fortified dairy products, protein-enhanced snacks, and meal replacement shakes. The increasing demand for functional food and beverage products is expected to drive the growth of the egg protein powder market in the coming years.
Egg Protein Powder Market Segment Insights
Egg Protein Powder Market Application Insights
The Egg Protein Powder Market segmentation by application comprises sports nutrition, dietary supplements, food beverages, and pharmaceuticals. Among these, sports nutrition is projected to dominate the market in the coming years, driven by the rising popularity of fitness and bodybuilding activities. The growing demand for protein-rich supplements among athletes and fitness enthusiasts is a key factor contributing to the segment's growth. Dietary supplements are another significant application segment in the Egg Protein Powder Market, with a substantial market share.
Egg protein powder is widely used in protein shakes, bars, and other nutritional supplements owing to its high nutritional value and rapid absorption rate. The increasing prevalence of protein deficiency and the growing awareness of the importance of protein intake are fueling the segment's growth. The food beverages segment is also expected to witness considerable growth, as egg protein powder is increasingly incorporated into various food products to enhance their nutritional profile. The demand for protein-fortified foods and beverages is on the rise, driven by the growing health consciousness among consumers.
Pharmaceuticals is another important application segment in the Egg Protein Powder Market. Egg protein powder is used in the formulation of specialized medical foods and nutritional supplements for patients with specific dietary needs or medical conditions. The growing prevalence of chronic diseases and the increasing demand for personalized nutrition are driving the segment's growth. Overall, the Egg Protein Powder Market is expected to continue its growth trajectory in the coming years, driven by the rising demand for protein-rich products across various applications.
The market is characterized by intense competition among established players and emerging entrants, with key players focusing on product innovation and strategic partnerships to gain market share.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Egg Protein Powder Market End-User Insights
The fitness enthusiasts segment is expected to hold the largest share of the Egg Protein Powder Market in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2032. This growth is attributed to the increasing popularity of fitness activities and the growing awareness of the benefits of egg protein powder for muscle building and recovery. The bodybuilders segment is another major consumer group for egg protein powder, accounting for a significant share of the Egg Protein Powder Market revenue. Bodybuilders use egg protein powder to support their muscle growth and strength training goals.
The general health-conscious consumers segment is also expected to drive growth in the Egg Protein Powder Market. These consumers are increasingly seeking out healthy and convenient ways to meet their protein needs, and egg protein powder fits this bill perfectly. The medical professionals segment is also a key end-user group for egg protein powder. Medical professionals recommend egg protein powder to their patients for a variety of purposes, including wound healing, muscle recovery, and weight management. Overall, the Egg Protein Powder Market is expected to experience strong growth in the coming years, driven by the increasing demand from these key end-user segments.
Egg Protein Powder Market Source Insights
The Egg Protein Powder Market segmentation by Source is categorized into Egg Whites, Whole Eggs, and Egg Yolks. Among these, the Egg Whites segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the Egg Whites segment can be attributed to its high protein content, low-fat content, and excellent functional properties. The whole Eggs segment is also expected to witness significant growth during the forecast period. The Egg Yolks segment, on the other hand, is anticipated to have a moderate growth rate compared to the other two segments due to its higher fat content.
The Egg Protein Powder Market revenue from the Egg Whites segment is expected to reach USD 1.2 billion by 2032, growing at a CAGR of 7.5%. The Whole Eggs segment is projected to reach USD 0.8 billion by 2032, with a CAGR of 6.8%, while the Egg Yolks segment is anticipated to reach USD 0.2 billion by 2032, registering a CAGR of 5.5%.
Egg Protein Powder Market Form Insights
The Egg Protein Powder Market is segmented by Form into Isolates, Concentrates, and Hydrolysates. In 2023, the Isolates segment held the largest share of the market, accounting for around 42.54% of the Egg Protein Powder Market revenue. The Concentrates segment is expected to grow at a CAGR of 6.5% from 2024 to 2032, reaching a market size of USD 1.42 billion by 2032. Hydrolysates are expected to witness a moderate growth rate during the forecast period. The Egg Protein Powder Market segmentation provides valuable insights into the market dynamics and helps stakeholders identify potential growth opportunities.
Egg Protein Powder Market Packaging Type Insights
The Egg Protein Powder Market is segmented based on Packaging Type into Tubs, Sachets, and Bulk Bags. Among these, the Tubs segment is expected to hold the largest market share during the forecast period. The segment's dominance can be attributed to factors such as easy storage, transportation, and convenience in handling. Tubs offer a longer shelf life compared to other packaging types, making them a preferred choice for manufacturers and consumers alike. Additionally, tubs provide better protection against moisture and contamination, ensuring product quality and freshness.
Sachets, on the other hand, are expected to witness a significant growth rate during the forecast period due to their single-serving convenience and portability. Bulk Bags are primarily used for industrial applications and large-scale distribution, contributing to a notable share of the market. The Egg Protein Powder Market revenue is expected to reach USD 4.7 billion by 2032, with a CAGR of 6.2% over the forecast period.
Egg Protein Powder Market Regional Insights
Regionally, North America held the largest market share in 2023, accounting for around 35% of the Egg Protein Powder Market revenue. The increasing demand for egg protein powder in the food and beverage industry, as well as the growing awareness of its nutritional benefits, are driving the growth of the market in this region. Europe is expected to be the second-largest market, followed by APAC, South America, and MEA. The rising disposable income, coupled with the changing lifestyle, is expected to boost the demand for egg protein powder in the Asia-Pacific region.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Egg Protein Powder Market Key Players And Competitive Insights
Major players in the Egg Protein Powder Market industry are continuously focusing on developing new and innovative products to meet the evolving needs of consumers. Leading Egg Protein Powder Market players are investing heavily in research and development to improve the quality and functionality of their products. The Egg Protein Powder Market development is also being driven by the growing popularity of plant-based diets, as egg protein powder is a vegan and vegetarian-friendly alternative to animal protein. The Egg Protein Powder Market Competitive Landscape is characterized by the presence of a few large, players, as well as a number of smaller regional players.
One of the major competitors in the Egg Protein Powder Market is Glanbia Plc. The company is headquartered in Ireland and has a presence. Glanbia Plc offers a wide range of egg protein powders, including both whey protein and egg white protein powders. The company's products are used in a variety of applications, including sports nutrition, weight management, and food and beverage. Glanbia Plc has a strong track record of innovation and has been recognized for its commitment to quality.
Another major competitor in the Egg Protein Powder Market is NOW Foods. The company is headquartered in the United States and has a presence. NOW Foods offers a wide range of egg protein powders, including both whey protein and egg white protein powders. The company's products are used in a variety of applications, including sports nutrition, weight management, and food and beverage. NOW Foods has a strong reputation for quality and has been recognized for its commitment to customer satisfaction.
Key Companies in the Egg Protein Powder Market Include
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Hilmar Cheese Company, Inc.
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Cargill
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Ingredia SA
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EMI Nutraceuticals
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Davisco Foods International, Inc.
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Dairy Farmers of America
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Leprino Foods Company
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Proliant Dairy Ingredients
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Glanbia plc
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Meggle AG
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Fonterra Cooperative Group
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ADM
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Glanbia Nutritionals
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Agropur Ingredients
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EW Group
Egg Protein Powder Market Industry Developments
The egg protein powder market is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 7.21% during the forecast period (2024-2032). Rising health consciousness and increasing demand for plant-based protein sources are driving market growth. Key industry participants are focusing on product innovation and strategic collaborations to cater to evolving consumer preferences. Recent developments include the launch of new egg protein powder variants with enhanced nutritional profiles and the expansion of distribution channels into emerging markets. Asia-Pacific is expected to remain the largest regional market, driven by growing disposable income and urbanization.
- Egg Protein Powder Market Segmentation Insights
- Egg Protein Powder Market Application Outlook
- Sports Nutrition
- Dietary Supplements
- Food Beverages
- Pharmaceuticals
- Egg Protein Powder Market End-User Outlook
- Fitness Enthusiasts
- Bodybuilders
- General Health-Conscious Consumers
- Medical Professionals
- Egg Protein Powder Market Source Outlook
- Egg Whites
- Whole Eggs
- Egg Yolks
- Egg Protein Powder Market Form Outlook
- Isolates
- Concentrates
- Hydrolysates
- Egg Protein Powder Market Packaging Type Outlook
- Egg Protein Powder Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.09(USD Billion) |
| Market Size 2023 |
2.25(USD Billion) |
| Market Size 2032 |
4.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.21% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Hilmar Cheese Company, Inc., Cargill, Ingredia SA, EMI Nutraceuticals, Davisco Foods International, Inc., Dairy Farmers of America, Leprino Foods Company, Proliant Dairy Ingredients, Glanbia plc, Meggle AG, Fonterra Cooperative Group, ADM, Glanbia Nutritionals, Agropur Ingredients, EW Group   |
| Segments Covered |
Application, End-User, Source, Form, Packaging Type Regional |
| Key Market Opportunities |
1 Sports Nutrition Supplements2 Nutritional Fortification3 Functional Food Development4 Pet Food Applications5 Dietetic Foods |
| Key Market Dynamics |
Rising demand for protein-rich food products Growing consumer awareness of egg protein benefits Increasing prevalence of egg allergies and intolerances Expanding application in various industries Technological advancements in egg protein extraction |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Egg Protein Powder market size was valued at USD 2.25 billion in 2023 and is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 7.21% during the forecast period.
North America is expected to dominate the Egg Protein Powder market throughout the forecast period due to the increasing demand for high-protein products and the presence of major market players in the region.
The key growth drivers of the Egg Protein Powder market include the rising health consciousness among consumers, the growing popularity of plant-based protein sources, and the increasing demand for fortified food products.
The major applications of Egg Protein Powder include dietary supplements, food beverages, and animal feed. The dietary supplements segment is expected to witness significant growth due to the increasing demand for sports nutrition products.
The key competitors in the Egg Protein Powder market include Glanbia, Arla Foods, Cargill, and Agropur. These players are focusing on expanding their production capacities and strengthening their distribution networks to cater to the growing demand.
The Egg Protein Powder market faces challenges such as price volatility of raw materials, regulatory hurdles, and competition from alternative protein sources. However, the growing demand for plant-based protein products is expected to mitigate these challenges.
The Egg Protein Powder market offers growth opportunities in emerging markets, the development of innovative products, and the expansion of applications in the food beverage industry.
Key trends in the Egg Protein Powder market include the growing adoption of clean-label products, the increasing demand for sustainable sourcing, and the integration of artificial intelligence in the production process.
The COVID-19 pandemic had a positive impact on the Egg Protein Powder market as consumers became more health-conscious and sought out protein-rich foods. The demand for Egg Protein Powder increased due to its immune-boosting properties and its ability to support muscle recovery.
The future of the Egg Protein Powder market is promising due to the increasing demand for plant-based protein sources, the growing popularity of personalized nutrition, and the expansion of applications in the food beverage industry. The market is expected to witness continued growth in the coming years.
