According to a recent report by Future Market Insights, a
market research and competitive intelligence provider, In 2022, the egg
white powder market is expected to be worth USD 1.7 billion. It is
expected to increase at a 10.9 percent compound annual growth rate (CAGR)
through 2032.
The cosmetics sector uses egg white protein powder in a
variety of goods, thus demand for it will skyrocket in the near future. The
protein powder made from egg whites moisturizes and protects hair from damage
and dryness. As a result, shampoos and conditioners can be made with egg white
protein powder. Sunscreen, moisturizers, and facial cleansers, among other things,
can be made with egg white protein powder.
Consumers are becoming increasingly health-conscious and
cautious about their food choices. Consumers like gluten-free, sugar-free, and
fat-free foods because they help them maintain a healthy weight. Protein consumption
must also be adequate in order to sustain good health.
Leading egg white powder producers are focusing on R&D
and new product releases to keep up with the growing demand for environmentally
friendly products in North America, Europe, and the Asia Pacific.
For important businesses looking forward to untapped chances
in the egg white powder market, a better grasp of market trends and preferred
movements of end-use categories across various regions is likely to cause a
bottleneck.
Key Takeaways from Market Study
- North
America will continue to be a significant regional market for egg white
powder manufacturers due to the substantial presence of the egg and
egg-based goods industry.
- The
rise in protein powder demand may be traced back to the burgeoning health
& wellness trend, with top market participants cashing in on the
growing demand for naturally high-protein foods.
- With
the rapid rise of online retailing, a rising number of manufacturers are
opening stores on the most popular online shopping sites. The forecast
period will see the swift implementation of internet retailing platforms
and logistics, as well as advancements in the online purchasing experience
for consumers and a wider range of online payment systems.
- “Companies
are utilising internet retailing to provide simple availability of
cosmetic egg white goods, such as lotions, creams, and soaps, due to the
lucrativeness of the cosmetics and personal care business from an egg
white powder application standpoint. The cosmetic industry’s adoption of
egg white powder is projected to be fueled by major firms’ intense focus
on growing market penetration of egg white powder goods through
online-based retailing.”says a lead analyst at Future Market
Insights.
Who is Winning?
Given the ongoing demand for novel clean label components,
the egg white powder market is extremely likely to see a new wave of
application opportunities emerge in the future years.
End-user demand for high-quality, safe ingredients will
continue to grow, and manufacturers will respond by leveraging consumer-centric
ways to build rewarding products.
For example, Starbucks debuted its latest coffee product,
the cloud macchiato, which is created with egg white powder, in March 2019. In
the U.S and Canada, a refreshing drink, either iced or cold, is available in
stores and is a permanent addition to the menu.
Some of the leading companies offering egg white powder are
Merck KGaA, HiMedia Laboratories Pvt. Ltd., Kewpie Corporation, NOW Health
Group, Inc., Taiyo Kagaku Co. Ltd., Avangardco, Sanovo, IGRECA, JW Nutritional,
LLC, Rembrandt Foods, and Rose Acre Farms.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an
unbiased analysis of the egg white powder market presenting historical demand
data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on egg white powder
based on end-use (food processing, cosmetics & personal care,
pharmaceuticals, dietary supplements, beverage processing, retail), grade (food
grade, technical grade), and sales channel (b2b, b2c) across seven major
regions of the world (North America, Latin America, Europe, East Asia, South
Asia, Oceania, and MEA).
Read Full Report: https://www.futuremarketinsights.com/reports/egg-white-protein-powder-market