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2022

U.S. and Australia Egg Protein Market

U.S. and Australia Egg Protein Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, Type, Form : U.S. and Australia Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Rupesh Dixit | Roshan Deshmukh
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The U.S. and Australia egg proteins market was valued at $7,083.6 million and $967.8 million in 2021 and is anticipated to reach $10,332.1 million and $1,722.5 million by 2031, with a CAGR of 3.9% and 6.5% during the forecast period.

Egg proteins, such as whole egg protein, egg white protein, and egg yolk protein, are derived from eggs. Products such as whole egg protein, egg white protein, and egg yolk protein are widely consumed in food & beverages and personal care applications, and various nutrition products. Egg proteins are evenly distributed between the egg white and egg yolk, whereas lipids, vitamins, and minerals are primarily concentrated in the egg yolk. Egg proteins such as egg white protein, whole egg protein, and egg yolk protein function as a thickening agent, gelling agent, foaming agent, carrier, and texturizer, which are used in preparations of a wide range of food products. Moreover, they find their application in animal feed, personal care, nutrition, and textiles. Furthermore, manufacturers of food & beverage ingredients have been significantly investing in R&D activities to enhance the functions, performance, and nutritional value of egg proteins.

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The introduction of new products that are made from organic ingredients is expected to break the notion of egg protein ingredients containing artificial ingredients. In addition, the introduction of lactose-free and organic egg proteins is expected to fuel their demand among the health-conscious population creating opportunities for growth of the egg proteins market in the future, as lactose-free protein increases muscle masses & strength resulting in the growth of U.S. and Australia Egg Protein industry. Organizations such as Innovation Center for U.S. Dairy along with egg ingredient manufacturers have been engaged in R&D activities to enhance the properties such as flavor, aroma, and performance of egg protein ingredients. This is anticipated to offer lucrative opportunities for manufacturers to offer an improved variety of egg protein ingredients, which aids them to achieve a higher market share.

A shift toward healthy products such as protein supplements owing to a rise in health concerns and a surge in fitness trends among youth is expected to boost the demand for egg protein. Furthermore, the high nutritional benefits offered by egg white protein fuel its need among health-conscious customers, thereby accelerating the market growth. In addition, the prevalence of chronic diseases such as cardiac disorders and cancer has increased at an alarming rate, due to changes in food habits and sedentary lifestyles. Thus, consumers have adopted egg protein in a healthy diet to reduce the risk of developing chronic disorders. This, in turn, has fueled the demand for egg protein across the U.S. and Australia, thereby accelerating the growth of the U.S. and Australia Egg Protein Market Size.

Shift toward healthy products such as protein supplements owing to the rise in health concerns and surge in fitness trends among youth is expected to boost the demand for egg protein. Furthermore, the high nutritional benefits offered by egg white protein fuel its need among health-conscious customers, thereby accelerating the market growth. In addition, the prevalence of chronic diseases such as cardiac disorders and cancer has increased at an alarming rate, due to changes in food habits and sedentary lifestyles. Thus, consumers have adopted egg protein in a healthy diet to reduce the risk of developing chronic disorders. This, in turn, has fueled the demand for egg protein across the U.S. and Australia, thereby accelerating the growth of the egg protein market.

Proteins are considered the building blocks of bones, skin, muscles, and blood. This is attributed to the fact that the human body requires protein to produce hormones, enzymes, and other body chemicals. Presently, protein supplements are used on a large scale, due to a rise in health awareness and an increase in obesity concerns among people. Thus, the U.S. and Australia egg protein market demand in consumers are shifting their preference toward a healthy diet and are increasing their protein intake to get extra nutrients found in these supplements, which fuels the market growth for egg protein. Egg white protein offers several benefits such as it helps individuals to feel full for a longer time and stay energized, thus preventing unnecessary cravings. This, in turn, helps them to maintain their weight. Thus, all these factors collectively drive the demand for egg protein, thereby fueling the growth of the market.

Non-vegetarians are gradually cutting down the consumption of food such as beef, pork, and poultry, and are significantly accepting the vegan lifestyle, which has boosted the demand for plant-based protein. Meat & meat products contain cholesterol and saturated fats, which might cause heart attacks, diabetes, strokes, and various types of cancers increasing the U.S. and Australia egg protein market growth. This shift is observed due to a rise in consumer preference for a healthy diet. In addition, an increase in awareness among consumers about the living condition of cattle in cattle farms has further changed the preference of non-vegetarians for vegetarian food. Thus, consumers seek for other protein alternatives, which has further propelled the demand for plant-based proteins. All these factors are collectively expected to restrain the U.S. and Australia market growth. Moreover, the market suffers from a lack of clarity in protein ingredient labeling, due to a lack of specific regulations.

U.S. and Australian egg protein market trends include the introduction of new products that are made from organic ingredients is expected to break the notion of egg protein ingredients containing artificial ingredients. In addition, the introduction of lactose-free and organic egg proteins is expected to fuel their demand among the health-conscious population creating opportunities for growth of the egg proteins market in the future, as lactose-free protein increases muscle masses & strength. Organizations such as Innovation Center for U.S. Dairy along with egg ingredient manufacturers have been engaged in R&D activities to enhance the properties such as flavor, aroma, and performance of egg protein ingredients. This is anticipated to offer lucrative opportunities for manufacturers to offer an improved variety of egg protein ingredients, which aids them to achieve a higher market share.

 The U.S. and Australia egg protein market analysis includes the applications of egg proteins considered in the scope of include food & beverages, nutrition, personal care & cosmetics, feed, and others. Various types of egg proteins, including whole egg protein, egg white protein, and egg yolk protein. The form segment includes solid, and liquid and by country, it includes the U.S. and Australia.

U.S. and Australia Egg Protein Market
By Application
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The Nutrition segment would witness the fastest growth, registering a CAGR of 5.0% during the forecast period.

The U.S. and Australia Egg Protein Market Share are segmented into application, type, form, and country (the U.S, and Australia). The applications covered in the study include food & beverages, nutrition, personal care & cosmetics, feed, and others. By type, the market is categorized into egg white protein, whole egg protein, and egg yolk protein. On the basis of form, the market is bifurcated into solid and liquid. Country-wise, it is analyzed across U.S. and Australia.

By application, the food and beverages segment held the major share in the market, and it is estimated to grow the same during the forecast period. The egg protein products such as whole egg and yolk eggs are widely consumed in the food & beverages industries. This is attributed to the fact that egg proteins are considered as an ideal source of essential amino acids; thus, egg proteins are used as a key protein source in many food & beverages. The growth of the food & beverages industry is driven by the rise in consumer demand for protein-rich food products.

U.S. and Australia Egg Protein Market
By Type
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Egg Yolk Protein segment would witness the fastest growth, registering a CAGR of 5.0% during the forecast period.

By type, the egg white protein segment held the major share in the market, and it is estimated to grow the same during the forecast period. According to the American Chemical Society (ACS), egg white protein helps in high blood pressure. Egg white protein finds its major application in various foods and beverages. This is attributed to its high content of dense nutrients, such as vitamin B, riboflavin, folate, B12, and B6, which are essential for the growth the of body. The adoption of protein ingredients in nutritional foods and cosmetics products has increased the demand for egg white proteins in the market, which boosts the market growth in the U.S. and Australia.

By form, the solid egg protein segment held the major share in the market, and it is estimated to grow the same during the forecast period. The solid form of egg protein has better shelf stability and eases handling & storage as compared to the liquid form. A solid form of egg protein is most preferred in a wide range of applications such as nutrition, food & beverage, feed, and personal care owing to the longer shelf life and better handling properties which increases the U.S. and Australia egg protein market opportunities.

U.S. and Australia Egg Protein Market
By Form
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Liquid segment would witness the fastest growth, registering a CAGR of 5.1% during the forecast period.

By country, The U.S. egg protein market was valued at $7,083.6 million in 2021 and is projected to reach $10,676.2 million by 2031, registering a CAGR of 3.9%. The rise in the number of U.S. consumers adopting a healthy lifestyle or indulging in activities that promote active and healthy life has increased the overall demand in the egg protein market. Currently, about 20% of American adults have a fitness club membership, and the number is expected to increase shortly. Furthermore, an increase in demand for protein-rich food, owing to the rise in health-consciousness among customers is expected to propel the need for egg protein, thereby accelerating the market growth. The U.S. egg production is spread across more than 34 states, with the Midwest accounting for roughly half of total production, owing to the availability of low-cost chicken feed. The top three egg-producing states, Iowa, Ohio, and Indiana are all in the Midwest and account for one-third of total U.S. egg production. In 2019, Iowa produced more than 17.1 billion eggs and housed more than 58 million laying hens, while Ohio produced 10.7 billion eggs and housed 36 million laying hens.

The key players profiled in this report include Bioflex Nutrition Pty Ltd., Bio-Techne Corporation, Cargill Incorporated, EW Nutrition GmbH, Bodi Choice Pty Ltd, Merck KGaA, Noumi Limited (Merck Group), NOW Health Group, Inc., OvaInnovations, and VPA Australia.

U.S. and Australia Egg Protein Market
By Country
2031
U.s. 
Australia

Liquid segment would witness the fastest growth, registering a CAGR of 5.1% during the forecast period.

Key findings of the study

  • By type, the egg yolk protein segment is estimated to witness the fastest growth, registering a CAGR of 5.3% during the forecast period.
  • In 2021, By application, the food & beverage segment held the highest sharewas dominant in 2021, accounting fors 47.01% of the global U.S. and Australia egg proteins market share.
  • By form, the solid egg protein segment held the highest share in 2021 and registering a CAGR of 4.2% during the forecast period.
  • In By country2021, U.S. was the most prominent market in 2021, and is expected to grow at a significant CAGR throughout the forecast period.

 

U.S. and Australia Egg Protein Market Report Highlights

Aspects Details
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By APPLICATION
  • Food & beverages
  • Nutrition
  • Personal care & cosmetics
  • Feed
  • Others
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By TYPE
  • Egg white protein
  • Whole egg protein
  • Egg yolk protein
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By FORM
  • Solid
  • Liquid
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By COUNTRY
  • U.S
  • Australia
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Key Market Players

VPA AUSTRALIA, MERCK KGAA (MERCK GROUP), NOW HEALTH GROUP, INC., BIOFLEX NUTRITION PTY LTD, EW NUTRITION GMBH, OVAINNOVATIONS, NOUMI LIMITED, BIO-TECHNE CORPORATION, CARGILL, INCORPORATED., BODI CHOICE PTY LTD

Analyst Review

According to the insights of various CXOs of leading companies in the egg proteins industry, rise in demand for innovative functional properties and new applications of egg proteins products is among the major factors that boosts egg proteins consumption. A huge demand for egg white proteins in protein supplements has been noted during the recent past, which is anticipated to continue during the forecast period. Surge in inclination of food & beverage manufacturers toward functional ingredient having high nutritional content and enhanced performance is one of the main factors that drives the market growth. The demand for egg protein ingredients in innovative food and other industrial applications have led the ingredient manufacturers to invest in R&D activities to provide egg protein ingredients with superior functionalities for preparing or processing innovative food & beverage products in the market.

As per the CXOs, Australia is offering incremental growth opportunities for egg protein ingredients, and hence the market in U.S. and Australia is anticipated to grow at the highest CAGR. The market is consolidated in nature, and players such as Bioflex Nutrition Pty Ltd., Bio-Techne Corporation, Cargill Incorporated, EW Nutrition GmbH, Bodi Choice Pty Ltd, Merck KGaA, Noumi Limited (Merck Group), NOW Health Group, Inc., OvaInnovations, and VPA Australia., accounted for significant share in the U.S. and Australia egg proteins market. CXOs further added that the egg proteins market is expected to grow at significant rate during the forecast period, owing to increase in demand for functional food and nutritional supplements.

Author Name(s) : Rupesh Dixit | Roshan Deshmukh
Frequently Asked Questions?

The U.S. and Australia Egg Protein Market will expand from 2022 – 2031 with a CAGR of 4.3% during the forecast period.

The U.S. and Australia Egg Protein Market will expand from 2022 – 2031 with a CAGR of 4.3% during the forecast period.

The U.S. and Australia egg proteins market size was valued at $8,051.4 million 2021, and is projected to reach $12,506.5 million by 2031

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U.S. and Australia egg protein market trends includes surge in awareness about the health benefits of protein supplements among consumers in developing countries is expected to drive the growth of the nutrition application segment increases the demand of U.S. and Australia egg protein market.

The leading players in U.S. and Australia Egg protein market include Bioflex Nutrition Pty Ltd., Bio-Techne Corporation, Cargill Incorporated, EW Nutrition GmbH, Bodi Choice Pty Ltd, Merck KGaA, Noumi Limited (Merck Group), NOW Health Group, Inc., OvaInnovations, and VPA Australia.

Based on the product mapping, financial revenues, segmental revenue, and geographical presence, the top ten players are profiled.

Application, Type, and Form are the segments of U.S. and Australia Egg Protein Market.

Egg Yolk Protein segment would grow at a highest CAGR of 5.3% during the forecast period.

By type egg white protein segment would grow at a highest CAGR during the forecast period.

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U.S. and Australia Egg Protein Market