The global eggshell membrane market size is projected to reach USD 247 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.3% from 2020 to 2028. The change in consumer lifestyle and transition in consumption patterns have encouraged the use of eggshell membrane as an ingredient in the nutraceuticals and food and beverage industries.
The
market is expected to witness growth opportunities in preventive skincare and
healthcare applications owing to the number of advantages offered by the
eggshell membranes. Reduced risk of osteoporosis, improvement in joint health,
and an increase in the consumption of eggshell membranes in nutraceutical
applications as an active ingredient are some of the factors projected to boost
the market growth during the forecast period.
The
industry is majorly driven by the growth in the adoption of the eggshell
membrane as an ingredient in nutraceutical products. Growing application in
cosmetic and personal care and nutraceutical products has resulted in the
prevention of human joint health-related diseases and increased skin
nourishment, which is projected to boost the demand for eggshell membranes.
The
development of innovative products for the treatment of numerous connective and
joint tissue disorders and calcium deficiency issues is expected to contribute
to the increase in demand for eggshell membranes. Moreover, the use of an
eggshell membrane in pet food and health applications remains high owing to its
properties, thereby driving the market.
The
product offers a sustainable solution for nutraceutical products, which aid in
leading a healthier life by offering the essential nutrients required for a
healthy body. Malnutrition of infants is a significant crisis across emerging
countries, which is likely to provide growth opportunities for the industry
players, especially across the markets in the Asian and African countries.
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Eggshell Membrane
Market Report Highlights
- The nutraceuticals
application segment is projected to expand at a CAGR of 9.1% over the
forecast period owing to egg membrane being touted as a high-potential
ingredient in dietary supplements and functional foods on
account of its capacity to condition and support joint health
- Increased investment in
research & development and technological advancements in supplements
and functional foods will ease the growth of the dietary supplements in
the nutraceutical applications. This, in turn, is expected to boost the
product demand for nutraceutical application
- The hydrolyzed type segment
held the largest revenue share in 2019 owing to superior properties of the
product, such as concentration, the content of membrane, and mass
availability, resulting into its production in the hydrolyzed form
- Asia Pacific is expected to
expand at the fastest CAGR of 9.7% from 2020 to 2028 owing to factors such
as surging manufacturing facilities, increasing number of research &
development centers, and growth in the adoption of eggshell membrane-based
products, such as nutraceuticals
- In January 2019, Stratum
Nutrition became a preferred supplier for the National Animal Supplement
Council (NASC) for its line of products, such as eggshell calcium,
curcumin, natural eggshell membrane, and eggshell collagen ingredients,
throughout the U.S.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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