Egg protein market is expected to witness growth on account of growing demand for nutritional supplement in food & beverage industry. Growth in protein consumption is expected to play an important role in driving egg protein market growth in the near future. Changing food habits and growing awareness towards nutritional food in emerging markets such as China and India is expected to have a positive impact on market growth over the forecast period. Food & beverage industry growth in India, Brazil and China is expected to drive egg protein market in the near future.
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Improved sports infrastructure as a result of increased sporting activities including Soccer World Cup 2014 and Summer Olympics 2016 is expected to increase sales of food supplements such as egg protein. Brazilian sports industry is expected to grow at an average rate of 7.4% and would have impact on egg protein market growth. Growing egg product demand for domestic consumption coupled with technology advancement has resulted in increased number of egg processing plants in Japan. Daiichi-Kasei, Kewpie Egg Corporation and Taiyo Kagaku Co. Ltd are major egg protein manufacturers situated in Japan. Daiichi-Kasei has a manufacturing facility located at Yamashina and markets products from food protein materials business division.
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Growing poultry industry in India is expected to positively impact market growth. Indian egg production witnessed a growth from 30 billion in 2000 to 200 billion in 2012 and is expected to further increase over the next six years due to surging domestic demand. Growing egg production is expected to ensure raw material availability for egg protein production.
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