Egg White Peptide Market to Witness Increase in Revenues by 2018 to 2028
Verfasser: ashwani_kailiya on Wednesday, 19 February 2020Egg white peptides surfaced as a rescuer to the matured global bakery and confectionery market. The industry, for a larger period of time, hasn’t been perceived as healthy food category. However, consumer perception has shifted, and the growth in global bakery and confectionary market has been catalyzed with the use of new ingredients such as but not limited to egg white peptides. Fact.MR’s research study projects the global egg white peptide market to surpass US$ 500 Mn in revenues by 2026. In terms of volume, over 43,000 of egg white peptides are likely to be traded globally by the end of the forecast period.
Food & beverage processors and manufacturers are by far the leading end users of egg white peptides – collectively, they are likely to consume slightly less than 6,000 kgs by 2018-end. Within food & beverage sector, bakery and confectionery producers accounted for 30% of the total consumption by volume. The end user segment is also poised to register impressive CAGR of 12.1% between 2018 and 2026.
Functional foods including sport foods, sauces, and condiments are other key end user segments for egg white peptides. Collectively, these end use industries are estimated to generate an incremental value opportunity of US$ 150 Mn between 2018 and 2026 for industry stakeholders.