Global Egg Protein Powder market report 2024, Forecast To 2033

The egg protein powder market has demonstrated strong growth, progressing from $4.59 billion in 2023 to $4.9 billion in 2024, showcasing a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period is attributed to the increasing demand in fitness and sports nutrition, dietary preferences favoring allergen-free options, applications in baking and culinary, and considerations for weight management. Envisaging continued strong growth in the next few years, the market size is projected to reach $6.47 billion in 2028, sustained by a consistent CAGR of 7.2%. Growth in the forecast period can be attributed to considerations for health and wellness, the increasing demand for alternative ingredients, sustainability initiatives, the rise of digital marketing and e-commerce, and the growing interest in plant-based alternatives. Major trends in the forecast period include allergen-free and food sensitivity solutions, technological advancements, the use of functional ingredients, innovative applications, and the introduction of new products.