A recently revamped Fact.MR study forecasts that the global egg yolk market will enjoy positive growth, registering a 7% value CAGR from 2022-2032. As per the study, the market is scheduled to reach US$ 528.97 Mn by the end of the aforementioned forecast period. Demand appears robust amid extensive applications in cosmetic and personal care products.
From 2017 to 2021, the market inclined at a CAGR of 5.8%, reaching US$ 254.15 Mn. The COVID-19 pandemic had varying degrees of impact on the global market, with sales across the commercial space declining sharply amid falling footfalls in salons and other professional beauty clinics for face and hair enhancement procedures. Simultaneously, residential grade egg yolk oil infused products sales increased as people began opting for DIY cosmetic enhancements.
Future market demand for egg yolk oil is dependent upon extensive applications to treat hair fall. People are increasingly tilting towards natural hair care treatment, as they become aware about adverse impacts of synthetic hair enhancement chemicals.
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Key Takeaways from the Market Study
· By application, cosmetics industry to generate 50% of egg yolk oil market demand
· Hen egg yolk derived oil to accumulate over US$ 350 Mn in value by 2032
· By sales channel, online egg yolk oil distribution likely to register maximum growth
· U.S to experience highest egg yolk oil sales, registering a CAGR of 7% through 2032
· Germany to be an opportunistic egg yolk oil landscape, clocking a 6.7% CAGR
· Egg yolk oil market likely to be valued at US$ 268.91 Mn by 2022-end
œThe expanding popularity and pervasiveness of e-commerce as a significant sales channel might help egg yolk oil manufacturers reach clients even in distant places throughout the world,says a Fact.MR analyst
Competitive Landscape
The main competitors in the worldwide egg yolk oil market are accelerating their expansion. This is because rising customer preference for natural components over synthetic ones is expected to have an influence on egg yolk oil use. Furthermore, advances in egg yolk oil have led to an increase in its usage in supplements. Prominent market players are:
· Natural Sourcing Llc
· Ecovatec Solutions Inc.
· Bizen Chemical Co. Ltd.
· Jiangxi Global Natural Spice Co., Ltd.(Jiangxi Jishui County Baishui Reclamation Yard Forest Farm)
· Tedukuri Shizenshoku Tomonokai
· Kewpie Corporation
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Key Segments Covered in Egg Yolk Oil Industry Analysis
By Poultry Type:
By Application:
By Sales Channel:
Cosmetics Industry to be Key Beneficiary of Egg Yolk Oil?
The market is segmented by application into dietary supplements, pharmaceutical industry and cosmetic products. Cosmetics products are expected to be the fastest-growing markets throughout the projection period. The segment will likely accumulate 50% of total revenue.
Because egg yolk is primarily water and fat, it is an excellent water-binding agent that seals moisture into your skin cells, keeping your face smooth and supple. Face masks made from egg yolk are fantastic for persons with dry or flaky skin. Egg yolk ingredients help to hydrate, nourish, and moisturize dry skin.
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Why is U.S. Dominating the Egg Yolk Oil Market?
The U.S. is expected to hold the greatest market share during the forecast period, owing to its large number of dietetic supplement manufacturing businesses. According to Fact.MR's report, the country is expected to register a CAGR of 7% from 2022-2032.
In U.S., the surge in dietary supplement sales is mostly owing to consumers' hectic schedules and high stress levels, which has resulted in an increase in lifestyle disorders such as obesity, high blood pressure, and diabetes.
| Company Name | Contact Person | Contact Number | Email Id | Website | Address |
|---|---|---|---|---|---|
| Fact.MR | 6282511583 | neha.b@factmr.com | https://www.factmr.com |
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