In 2020, the global eggshell membrane market size is estimated to be valued at USD 107.76 million and is likely to reach USD 186.29 million by 2026. Thus, the market is expected to record a CAGR of 10.07 per cent during the forecast period. The key driver for the global eggshell membrane market is identified as the increase in the adoption of the eggshell membrane as an ingredient in dietary supplements. More importantly, the rise in consumption of eggshell membrane, particularly in the capsule form, is propelling the market growth. On the basis of product, the capsules segment has been dominating the eggshell membrane market as of 2019. With the majority of key players supplying eggshell membrane in capsule form and its rising use as nutraceuticals, the demand for eggshell membranes is likely to continue to grow. Moreover, the acceptance of capsules among consumers remains high as compared to tablets, processed powders, and gummies & chews. Whereas, the demand for healthier food and beverage products continue to grow in developed and developing countries among the younger population. Eggshell membrane is a key nature-source ingredient used by a number of food & beverage manufacturers, allowing it to attain a leading position in the coming years. Due to the distinct health benefits offered to humans, such as calcium, proteins, and other enzymes & essential acids, the eggshell membrane plays a key role in food & beverage applications.
On the basis of type, the hydrolyzed segment of the global eggshell membrane market accounted for a larger share in 2019 and is likely to continue the trend during the forecast years. Hydrolyzed membranes are the most commonly used form by an array of industries across the globe, due to its high content of membrane. Additionally, within the other types of membranes, the hydrolyzed type is produced by most of the eggshell membrane manufacturers, leading to its greater supply in the market. Thus, the hydrolyzed eggshell membrane witnesses a high preference from both the demand and supply sides, making this segment to dominate the market during the forecast period.
In region-wise analysis, the Asia-Pacific region is projected to record the highest CAGR from 2020 to 2026 in the global eggshell membrane market. Some of the key factors encouraging the market growth in this region include the increasing concentration of eggshell membrane manufacturing companies in the Asia-Pacific region. Moreover, the production of eggs remains the highest in these regions, globally resulting in lower cost for procuring raw materials to extract the membrane. Hence, the technological advancements and the requirement of abundant raw materials have led manufacturers to produce and supply eggshell membranes to different industries at a competitive price and procure an advantage over their competitors in other regions. In addition, with the rise in awareness regarding the benefits of eggshell membranes in food and beverage, nutraceuticals, and cosmetic and personal care applications, the demand for eggshell membrane is projected to witness high exports from the surplus production of eggshell membranes in this region. As a result of these factors, it is projected to account for a major share in the global eggshell membrane market.
Key players in the global eggshell membrane market include Biova LLC (US), Microcore Research Laboratories (India), Ecovatec Solutions (Canada), Eggnovo SL (Spain), Eggbrane (Netherlands), Stratum Nutrition (US), Certified Nutraceuticals Inc (US), Bolise Co Limited (China), Mitushi Biopharma (India), and Kewpie Corporation (Japan).
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