The global eggshell membrane market size was valued at USD 103.8 million in 2020 and is expected to reach USD 174.5 million by 2027 at a CAGR of 7.7% . Growing health awareness and changes in consumption habits are stimulating the growth of the global market. Eggshell membrane is one of the high-potential ingredients that is gaining widespread recognition across numerous end-use segments. The trend of using the product for supplementation has been around for a while, which further involves its usage in dermatological, cosmetic, and nutraceutical products. It was primarily perceived as a natural elixir to treat arthritis, which marked its entry into the pharmaceutical industry. Currently, the eggshell membrane is majorly utilized in a wide range of products with umpteen therapeutic advantages.
The U.S. has become one of the prominent countries in the industry owing to the high disposable income of consumers and the increasing need for nutritious food supplements. In addition, the market in the U.S. is projected to exhibit significant growth on account of the rapid development of the pharmaceutical industries and the presence of key manufacturers in the country.
The food and beverages application segment led the market and accounted for 35.18% share of the global revenue in 2020 on account of the product being touted as a high-potential element in dietary supplements and functional foods due to its capacity to condition and promote joint health.
The usage of the product as a source of dietary calcium across the food and beverage application is gaining considerable momentum since the food and beverage manufacturers have been directing their investments to a naturally-sourced component that assures high value in return.
The increasing application in cosmetic and nutraceutical products has resulted in increased skin nourishment and prevention of human joint health-related diseases, which is likely to be a significant factor in promoting the demand. However, numerous functionalities in industries, such as pharmaceutical and food and beverage, support the treatment of calcium deficiency and connective tissue and joint disorder issues, which eventually contributes to the total demand.
Hydrolysed egg membrane led the market and accounted for more than 72.0% share of the global revenue in 2020 on account of major factors, such as its concentration, mass availability, and content of membrane. Additionally, the presence of significant producers producing the ingredient in the hydrolysed form is boosting the segment growth.
The Eggshell membrane market is segmented on the basis of type insights, application and region. On the basis of type insights, the market is segmented into Hydrolysed, Unhydrolyzed. On the basis of application, the market is segmented into Pharmaceutical Personal Care & Cosmetics, Food & Beverages, Nutraceuticals, Others.
North America dominated the market and accounted for 34.70% share of the global revenue in 2020. Consumers in North America are highly health conscious than in other regions. Thus, increased demand for nutritious and healthy food supplements and high consumer affordability makes North America one of the significant regions in the global egg membrane industry.
The industry in Asia Pacific is expected to witness significant growth in the years to come on account of the growing concentration of eggshell membrane producing companies in the region. Additionally, the manufacturing of eggs remains the largest across the globe, resulting in lesser cost for procuring raw materials to extract the membrane.
Some prominent players in the global eggshell membrane market include: Stratum Nutrition (U.S.), Biova LLC (U.S.), Microcore Research Laboratories (India), Ecovatec Solutions (Canada), Eggnovo SL (Spain), Kewpie Corporation (Japan), Eggbrane (Netherlands), Certified Nutraceuticals Inc. (U.S.), Bolise Co., Limited (China), Mitushi Biopharma (India).
Report : Eggshell Membrane Market - By Type Insights (Hydrolysed, Unhydrolyzed), By Application (Pharmaceutical, Personal Care & Cosmetics, Food & Beverages, Nutraceuticals, Others) And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, Opportunity and Forecast 2020 To 2027