Eggshell Membrane Market: Current Analysis and Forecast (2023-2030)
Emphasis on Type (Hydrolyzed and Unhydrolyzed); Application (Pharmaceutical, Personal Care & Cosmetics, Food & Beverages, Nutraceuticals, and Others); Form (Tablet & Capsule, Powder, and Others); Region/Country
The Eggshell Membrane Market was valued at USD 135 million in 2022, growing at a CAGR of 9.2% during the forecast period from 2023-2030. owing to the rising research and development activities using eggshell membranes, and the rising geriatric population globally. For instance, according to the report of the U.S. Census Bureau in 2021, more than 54 million people of geriatric age were living in the country in 2020 and this number is expected to reach 85.7 million by 2050, which will be about 20% of the total population of the U.S. In addition to this, the increasing product launches by pharmaceutical companies to find a cure for joint-related diseases, such as osteoarthritis and rheumatoid arthritis are also driving the eggshell membrane market. Global pharmaceutical giants are leaving no stone unturned to showcase their potential for finding cures for such diseases.
Some of the major players operating in the market include Stratum Nutrition; Biova LLC; Microcore; Ecovatec Solutions Inc.; Eggnovo S.L.; Kewpie Corporation; EGGBRANE; Certified Nutraceuticals Inc.; Bolise Co., Ltd.; MITUSHI BIO PHARMA.
Insights Presented in the Report
“Amongst type, the unhydrolyzed category to grow with high CAGR during the forecast period”
Based on type, the market is bifurcated into hydrolyzed and unhydrolyzed. The unhydrolyzed segment is expected to hold a significant share in the forecast period Due to the presence of high levels of glycosaminoglycans, which are essential for the health of the joints, such as chondroitin sulfate and hyaluronic acid, in the unhydrolyzed eggshell membrane. Unhydrated eggshell membranes are in high demand in nutraceuticals and pharmaceutical industries due to the increasing prevalence of diseases related to the joints, including osteoarthritis (arthritis of the joints below the knee) and Rheumatoid arthritis (rheumatoid arthritis). Top of FormThus, the unhydrolyzed category is expected to grow with a high CAGR during the forecast period.
“Amongst application, the food & beverages segment held a significant share in the year 2022”
By the application, the market is segmented into pharmaceuticals, personal care & cosmetics, food & beverages, nutraceuticals, and others. The food & beverages segment held a significant share in 2022 majorly due to the rise in demand for dietary supplements. For example, Kewpie Corporation launched a new eggshell membrane ingredient line called “Eggshell Membrane Powder EX” in 2020. The eggshell membrane powder EX product line is intended for the food and beverages industry and is expected to offer anti-inflammatory benefits and joint health advantages. Also, advances in technology, increased awareness of medical conditions, and an aging population are all factors that have contributed to this development of the segment. Thus, the food & beverages segment dominated the market in the year 2022 amongst applications.
“Amongst form, the powder segment to grow with a significant rate in forecast period”
Based on form, the market is segmented into tablets & capsules, powder, and others. The powder segment is expected to grow with a high CAGR owing to the easy availability, rising demand for dietary supplements, easy-to-mix feature of powder form, and easy applicability of cosmetic products. Also, several new product launches for providing enhanced care to patients are driving this segment’s growth. For instance, in 2020, Eggshell Membrane Ingredients (EME) were introduced by ESM Technologies under the brand name “Eggshell membrane powder”. The eggshell membrane ingredients are intended for the dietary supplement market and are intended to improve joint health and decrease inflammation. Thus, the powder segment is expected to grow at a significant rate in the upcoming years.
“Amongst regions, North America region held a significant share in the year 2022”
For a better understanding of the market adoption of the eggshell membrane industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the market of eggshell membranes in 2022. Several factors such as an increase in the incidence of osteoarthritis, rising health concerns, a surge in demand for dietary supplements, and loaded investment in eggshell membrane product discovery are driving the market in the region. For instance, in 2021 Eggland’s Best introduced the eggshell membrane joint health supplement line called “Eggshell membrane Joint Health”. Eggshell membrane supplements contain natural ingredients to promote joint health and improve mobility. North America dominated the eggshell membrane market among regions in the year 2022.
Eggshell Membrane Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global eggshell membrane market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Eggshell Membrane Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global eggshell membrane market were the three major steps undertaken to create and analyze the adoption of eggshell membrane in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global eggshell membrane market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the eggshell membrane market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the eggshell membrane market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report as type, application, form, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the eggshell membrane market. Further, we conducted factor analysis using dependent and independent variables such as type, application, form, and region of the eggshell membrane market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the eggshell membrane market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global eggshell membrane market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the eggshell membrane market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global eggshell membrane market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global eggshell membrane market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, application, form, and region in the global eggshell membrane market.
The main objective of the Global Eggshell Membrane Market Study
The current & future market trends of the global eggshell membrane market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the eggshell membrane market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, application, form, and region Define and analyze the regulatory framework for the eggshell membrane industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the eggshell membrane market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the eggshell membrane market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the eggshell membrane market's current market size and growth potential?
Q2: What are the driving factors for the growth of the eggshell membrane market?
Q3: Which segment has the largest share of the eggshell membrane market by type?
Q4: What are the emerging technologies and trends in the eggshell membrane market?
Q6: Who are the key players operating in the eggshell membrane market?
Related Reports
Customers who bought this item also bought
Antibiotic Resistance Market: Current Analysis and Forecast (2024-2032)
Emphasis on Disease Type (Urinary Tract Infections, Intra-Abdominal Infections, Blood Stream Infections, Clostridium Difficile Infections, And Others); Pathogen Type (Acinetobacter baumannii, Pseudomonas aeruginosa, Staphylococcus aureus, Streptococcus pneumoniae, and Others); Drug Class (Oxazolidinones, Lipoglycopeptides, Tetracyclines, and Others); and Region/Country
October 8, 2024
