Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global eggshell membrane market is expected to grow at a CAGR of over 15% during the forecast period. The change in consumer lifestyle and a transition in consumer consumption patterns have encouraged the application of eggshell membrane as an ingredient in the nutraceuticals and food & beverage industry. Additionally, the rise in the number of benefits offered by the eggshell membrane manufacturers for preventive healthcare and skin care has created high growth opportunities in the market. Eggshell membrane is much-touted as an ingredient with high potency for producing functional food, beverages, and dietary supplements; in addition, it also supports joint health by relieving joint pain and inflammation. Eggshell membrane contains essential substances such as hyaluronic acid, chondroitin, glucosamine, and collagen which are vital for healthy connective tissue, cartilage, and joints.
Market Segmentation
The global eggshell membrane market has been analyzed on the basis of application and region. Based on application, the market covers the analysis of cosmetics & personal care, pharmaceutical/nutraceutical, animal feed, and others. Among these, pharmaceutical/nutraceutical segment is estimated to hold a prominent share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to exhibit a remarkable growth during the forecast period.
Market Structure and Competition Landscape
The global eggshell membrane market is characterized by the presence of significant number of players. Some of the prominent players operating in the market include Kewpie Corporation, Mitushi Biopharma, Biova LLC, Eggbrane (DEPP B.V.), Microcore Research Laboratories, Ecovatec Solutions Inc., Bolise Co. Limited, Certified Nutraceuticals Inc., Eggnovo SL, and Denk Ingredients GmbH among others.
• In December 2021, Microcore Research Laboratories completed five years of partnership with Akums Drugs & Pharmaceuticals and Maxcure Nutravedics Ltd. Together, the companies produce, supply, and commercialize eggshell membrane-based products under the brand name MUTTAIJOW COMPLEX® and MUTTAIODUJOW®.
• In July 2020, Stratum Nutrition and KD Pharma announced their partnership to form unique joint health medicine by combining marine omega oils from KD Pharma and Stratum's eggshell membrane (NEM® brand).