Eggshell Membrane Market size to exceed $180Mn by 2027
Published Date: April 26, 2021 Authors: Kunal Ahuja, Amit Rawat
Eggshell Membrane market size is set to surpass USD 180 million by 2027; according to a new research report by Global Market Insights, Inc
Superior health benefits of eggshell membrane and its effectiveness in the treatment of knee osteoarthritis are driving the product usage in multiple applications. The ability to reduce joint pain and improve joint functioning is propelling the adoption of eggshell membrane-based dietary supplements. Increasing consumer knowledge pertaining to the product benefits is anticipated to generate new growth opportunities for the manufacturers.
Technological advancements in the industry with improved product quality along with favorable regulatory updates will enhance the global eggshell membrane market outlook. Ease in product availability particularly in the form of dietary supplements will provide a major boost to the industry demand. Moreover, increasing competitiveness in the industry along with new product launches is likely to support the product utility rates over the next few years. However, penetration of vegan supplements and ingredients may impact the overall market statistics.
Browse key industry insights spread across 300 pages with 106 market data tables and 8 figures & charts from the report, “Eggshell Membrane Market Statistics By Application (Food & Beverage, Dietary Supplements, Cosmetics, Animal Nutrition, Pharmaceuticals), Form (Powder, Capsules & Tablets) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Global eggshell membrane market from animal nutrition application holds a significant share in 2020. Eggshell membrane is among the newest ingredients used for promoting pet health. The presence of several important elements such as different types of collagens, glucosamine, hyaluronic acid, keratin, lysozyme, among other proteins is a vital aspect driving the business landscape across the globe. The product effectively strengthens the pet’s joints, protects against hip dysplasia, promotes muscle development, along with improving the elasticity of ligaments.
“Animal nutrition applications segment of the market is poised to surpass USD 25 million by 2027, pertaining to its active usage as pet supplements.”
Adoption of eggshell membrane for knee osteoarthritis should drive the product demand in capsule & tablets form
Capsule & tablets form is projected to be the fastest-growing segment from 2021 to 2027. Dietary supplements and pharmaceuticals are often offered in the capsule & tablets form. Hence, people suffering from knee osteoarthritis require a concentrated form of eggshell membrane for effective treatment. As per a research study, over 300 million cases of hip & knee osteoarthritis were reported globally in 2019. Osteoarthritis is among the most common articulated disease in the world, commonly found among the aged population.
“Eggshell membrane market from capsule form is set to register over 9% CAGR through 2027, owing to growing consumer preference for dietary supplements.”
Ease in product availability along with enhanced consumer awareness is driving the European eggshell membrane market outlook
Europe contributes a considerable share to the overall product demand in 2020. Presence of a considerable number of products along with superior product quality is propelling the Europe eggshell membrane industry growth. Favorable EU regulations pertaining to product labeling, quality, and manufacturing practices has enhanced consumer confidence in the ingredient. Also, aging population accompanied by product effectiveness in reducing joint pain is surging the acceptance of eggshell membrane as a necessary dietary supplement. Whereas, Europe is among the leading manufacturers of cosmetic products driven by France, Germany, Italy, and the UK.
The global eggshell membrane market share is competitive and with manufacturers including Kewpie Corporation, Biova LLC, Stratum Nutrition, Ecovatec Solutions, Eggnovo SL, Microcore Research Laboratories, Certified Nutraceuticals Inc, Eggbrane, Bolise Co Limited, and Mitushi Biopharma. Companies are majorly focusing on partnerships & collaborations for widening their presence. Other strategies observed among the major players include new product development, and effective product marketing to enhance their revenue.