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 Million by 2032.
Hen egg yolk oil has been increasingly used in nutraceutical, pharmaceutical and cosmetic applications during the forecast period (2022-2032). This can be attributed to the presence of essential ingredients that contain a large amount of phospholipids and triglycerides with cholesterol. Therefore, the market valuation of chicken egg yolk oil is expected to exceed USD 350 million by the end of 2032.
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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 enlarge 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.
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
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“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.
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
Global Egg Yolk Oil Market by Category
By Type, Global Egg Yolk Oil Market is segmented as:
- Hen Egg Yolk Oil
- Duck Egg Yolk Oil
By Extraction Method, Global Egg Yolk Oil Market is segmented as:
- Dry Distillation Method
- Baking Method
- Reduced Pressure Distillation Method
- Ether Extraction Method
- Ethanol Extraction Method
- Petroleum Ether Extraction Method
- Chloroform Extraction Method
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By Application, Global Egg Yolk Oil Market is segmented as:
- Dietary Supplements
- Pharmaceutical Industry
- Cosmetics and Personal Care Products
- Skin Care
- Nail Care
- Lip Care
- Hair Care
- Other Dermatology Applications
- Nutraceutical Industry
- Other Applications
By Distribution Channel, Global Egg Yolk Oil Market is segmented as:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Stores
- Online Retailers
- Other Distribution Channel
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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