U.S. and Australia Egg Protein Market Growth, Expansion, Top Leaders
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. 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.
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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.
Top Key Players:
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.
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.
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