The market is expected to generate an incremental $ opportunity of US$ 257.0 Mn between 2022 and 2032
Category: Food & Beverages Published Date : October 2022 ID: CVC-00359 Format: PDF Pages: 290
Eggshell Membrane Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Eggshell Membrane Market grew at a CAGR of 9.1% between 2017-2021 and is estimated to be US$ 147.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 10.6% and is expected to reach a valuation of US$ 404.8 Mn by 2032 end.
The global market is expanding due to changing consumer patterns and rising health awareness. The eggshell membrane is one of the high-potential components that are gaining popularity across a wide range of end-use segments.
The supplements trend has been around for a while and appears in dermatological, cosmetic, and nutraceutical products. Its introduction into the pharmaceutical sector was highlighted by its initial use as a natural elixir to treat arthritis. The eggshell membrane is now widely used in various goods with numerous medicinal benefits.
THE RISE IN CONSUMPTION OF EGGSHELL MEMBRANES IS DRIVING THE MARKET GROWTH
In terms of product, the capsules segment led the eggshell membrane market in 2021. The demand for eggshell membranes is expected to stay high since most significant players provide it in capsule form and because it is increasingly used in nutraceuticals. Customers also continue to favour capsules over tablets, processed powders, candies, and chews.
THE AVAILABILITY OF SUBSTITUTES IMPEDES THE MARKET GROWTH
The market’s ability to grow is being hampered by the availability of dairy- and plant-based protein alternatives that perform similarly. Additionally, the high cost of manufacture and processing has impeded the performance of eggshell membrane protein on the market.
Market Segments Covered in Report
By Region and Country:
Why Hydrolyzed eggshell membrane is the most preferred type in the global market?
In 2021, the hydrolyzed category held a bigger market share for eggshell membranes, which is anticipated to continue during the forecast year. Due to their high membrane composition, hydrolyzed membranes are the most widely used form in various sectors worldwide.
The hydrolyzed kind is also noted to be generated by most eggshell membrane producers, which increases demand for it among the other varieties. Because of this high demand and supply preference, the hydrolyzed eggshell membrane is expected to rule the market during the forecast period.
Which application is expected to expand the fastest during the forecast period?
The rising use of cosmetic and personal care products has improved skin nourishment and the avoidance of diseases linked to joint human health, which is anticipated to be a major demand driver.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Customers are predicted to be at the center of the industry’s growth, and major players in the market are expected to monitor shifting market trends. Because increased product reach has been and will continue to be essential to improved sales performance, brands participate in various promotional events, internet marketing campaigns, and conferences.
Players in the market are forming strategic alliances with significant businesses engaged in the life sciences sector to develop new products while also paying attention to ongoing improvements in novel and existing product prototypes. The core of producers’ growth plans is anticipated to lie in research and development.
Some of the key developments that have taken place in the Eggshell Membrane Market include the following:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, Product, Region, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|