Covid-19 Impact on Egg Protein Market 2020 | Increasing Necessity and Current Demands with Top Companies
Egg Protein Market to Reach a Valuation of ~US$ 1.8 Bn by 2029: Transparency Market Research According to a new study by TMR, the egg protein market is expected to reach ~US$ 1 Bn in 2019, and record a Y-o-Y growth of ~6% during the forecast period. Growth of the egg protein market remains driven by a slew of factors, which range from rising demand for protein-oriented products, and changing regulations in the food and beverage industry, to growing awareness among consumers around the world. Egg proteins have different functions such as thickening, leavening, binding, preservatives/antimicrobial, emulsifying, crystalization, and others. Owing to the growing end-use applications due to multiple functionalities, binding is becoming popular, and this segment is expected to grow rapidly at a CAGR of 8.5%, in the global egg protein market during the period of 2019-2029. Egg proteins are used in various industries such as functional beverages, dietary supplements, sports & infant nutrition, prepared food, bakery & confectionery, pharmaceuticals, personal care products, dairy & desserts, meat analogues, breakfast cereals, and protein and nutrition bars. The use of egg protein is increasing rapidly in sports nutrition, as such, pushing the growth of the global egg protein market.