Saturday, August 24, 2019
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

ANALYSIS

Eggshell membrane powder market likely to witness 6% Y-o-Y by 2019-end
Monday, 12 August, 2019, 08 : 00 AM [IST]
The eggshell membrane powder consumption volume in 2018 was about 8,657 million tonne, which is highly likely to witness a healthy increase by 2019-end, at a six per cent year-on-year (Y-o-Y) rate.

These were among the findings of Future Market Insights’ (FMI) latest study, which analysed the global market for eggshell membrane powder for the upcoming decade-old period of assessment.

FMI’s analysis suggested that the trend of biowaste repurposing is gathering considerable pace at a global level, and will contribute to the growing acceptance for eggshell membrane powder across various end-use sectors.

The umpteen benefits associated with powdered eggshell membrane as a biowaste, use of this natural waste appears to be a promising proposition for multiple industrial domains.

Therapeutic effects of eggshell membrane powder on bowel diseases, which constitute the youngest research findings on eggshell membrane, are further greasing the wheels of adoption. It is now emerging as a viable add-on in supplements that nourish the bowel health.

According to the report, research studies attesting the nutritional value of eggshell membrane were strongly complementing the growth of the eggshell membrane powder market.

With the health and wellness trend spreading its roots across the food and beverage industry, eggshell membrane powder is being embraced as a novel ingredient enhancing the nutritive value of products.

However, the evident rise of trends, such as veganism and vegetarianism, is likely to arrest the adoption of eggshell membrane derivatives to a certain extent, leading to a see-saw market scenario over the forthcoming years.

FnbNews
Recent studies indicate that about 600 thousand tonne of eggshells are ending up in the landfills, in the US alone, whereas the eggshell waste in European countries is also reaching the massive volume of a million tonne.

While these numbers critically call for a growing focus of governments on sustainability, reusing the biowaste is rapidly emerging as the potential solution, of late.

As indicated by the report, the trend of reusing has been a key factor uplifting the growth potential of eggshell membrane powder market in the years to come.

FMI’s conclusive analysis says that although the conventional eggshell membrane powder will continue to remain highly preferred among consumers owing to its fair and reasonable price point, a relatively recent trend that involves growing consumer proclivity for organic is likely to gain momentum in the long run.

Organic has been quite a buzzword in the global consumer marketplace over the recent past, and consequently a massive inflow of organic variants is likely to be spectated in years to come. However, the conventional versus organic war continues to shape the eggshell membrane powder market, particularly in price-sensitive markets.

Price Benchmarking – Addition to manufacturers’ arsenal for retaining their sphere of influence
The cosmetics and personal care industry is on the verge of disruption, with natural ingredients infiltrating the space, promising superior outcome. Opportunities are imminent for the companies operating in eggshell membrane powder market, as key cosmetic and personal care brands rely on eggshell membrane derivatives to enhance their product value.

The report found that the F&B industry is estimated to emerge as a gold mine of opportunities for key market stakeholders through 2029.

With food fortification taking over all other trends in the food and beverages space, the penetration of eggshell membrane powder as an effective ingredient is likely to see a major upturn.

As per the report, the leading manufacturers remain highly focused on commercialising high-quality products at reasonable prices. While the market players continue to stress on regular R&D processes for product innovations, they also invest in comprehensive price benchmarking to understand patterns of customer cost sensitivity across different regions.

Business expansion also remains a strategic priority of the companies operating in this market, wherein market players are targeting specific regions with high growth potential to expand their operational bases.
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
   
Captcha :
 

 
 
Food and Beverage News ePaper
 
 
 
 
 
 
 
 
 
 
Interview
“We believe our brand is the best in the world”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
 
Advertise Here
 
Advertise Here
 
Advertise Here
 
Recipe for Success
Recipe for Success: MasterChef’s hat the most rewarding for multiple hat-wearer Bhadouria
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd