The global egg yolk oil market is set to witness growth at a CAGR of 7% over the forecast period (2022-2032) and top a valuation of USD 528.9 Mn by 2032.
An increased adoption of egg yolk oil, particularly in pharmaceuticals and infant nutrition has been witnessed over the past few years, and is predicted to continue to enlargen the market size in the near future. Moreover, several market participants have been continually innovating their product offerings which has resulted in a rise in the consumption of dietary supplements.
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For instance, a new product in the form of a mixture of fermented garlic powder and egg yolk oil has come up in the market as an odourless capsule which helps in gaining muscle and buring fat, and boosting up the energy levels. Moreover, the emergence of e-commerce players coupled with an increasing popularity is channelling a significant portion of revenue.
Alongside, nowadays, the customers have been prioritizing the use of products with the natural components over synthetic ones. This is predicted to have a positive impact on the demand for egg yolk oil in the coming years. Comprehending the above mentioned factors, the demand for egg yolk oil is expected to show an upsurge over the forecast period (2022-20320.
Key Takeaways from Market Study
- US is expected to dominate the North America Egg Yolk Oil market by accounting for the maximum market value share of about 75% by 2022 end
- Rising consumption of pharmaceutical and personal care products is expected to show an increase in the demand for egg yolk oil in different regions across the globe during the assessment period (2022-2032)
- By product type, hen egg yolk oil is expected to account for the maximum market value share of the global market by 2022 end
- In case of application segment, cosmetics and personal care products are expected to gain momentum and account for approximately 50% market value share on a global scale by 2032 end
- Indirect channel is expected to account for a higher market value share than direct channel by 2032 end
“The rise in sales of dietary supplements attributing to the high stress level and hectic lifestyles of consumers is expected to result in a higher demand for egg yolk oil in the coming half decade .”, says a Future Market Insights analyst.
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Competitive Landscape
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
- A company named, ‘Bizen Chemical Co. Ltd.’ has newly offered DHA extracted chicken egg yolk oil from DHA-fortified chickens. This oil is extracted from ethanol which leads to less denaturation of its constituents with no excessive heat treatment
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global egg yolk oil market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on type (hen egg yolk oil and duck egg yolk oil), extraction method (dry distillation method, baking method, reduced pressure distillation method, ether extraction method, ethanol extraction method, petroleum ether extraction method, and chloroform extraction method), application (dietary supplements, pharmaceutical industry, nutraceutical industry, cosmetics and personal care products, and other applications), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
Report Preview: https://www.futuremarketinsights.com/reports/egg-yolk-oil-market
Key Segments of the Egg Yolk Oil Market
By Type:
Based on product type, the sector is segmented into hen and duck egg yolk oil.
By Extraction Method:
Varied extraction methods followed by the players include ethanol extraction, petroleum ether extraction, chloroform extraction, and others.
By Application:
Diverse applications of the product are the nutraceutical industry, pharmaceutical industry, and cosmetics and personal care products. The last segment is divided into skin care, nail care, lip care, and hair care, among others.
By Distribution Channel:
Key distribution channels for the product are direct and indirect. The latter is segmented into hypermarkets/supermarkets, convenience stores, online retailers, and other distribution channels.
By Region:
The report projects sales analysis for the product across regions like North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa, and Oceania.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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