Egg yolk oil sales via ecommerce channels are likely to remain resurgent during the assessment period 2018-2028, growing at 5.9% CAGR in terms of value, finds a new Fact.MR study. Overall, the report is bullish on the prospects of egg yolk oil market, and estimates global demand to surpass 1 million liters by 2028. Sales are expected to remain concentrated in emerging economies in Asia Pacific, with United States supplementing demand during the period of forecast.
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Cosmetics Spearhead, with Food and Beverages on the Trail
Use of egg yolk oil in cosmetic applications, especially hair and skin care, continues to be the largest market opportunity for producers and distributors. Growing emphasis on using egg yolk oil for baldness and hair fall treatment has been influential in driving sales in many regional markets worldwide. Increasing hair care treatments, coupled with higher customer preference for natural ingredients has boosted the sales of egg yolk oil in the cosmetic space.
Dietary supplements and infant nutrition continue to remain highly lucrative accounting for a significant bulk of sales in the egg yolk market. Overall, sales of egg yolk oil for dietary supplements crossed US$ 22 Mn in 2017 accounting for a comparatively higher market share. The report on egg yolk oil projects that the demand for egg yolk oil in infant nutrition and dietary supplements to remain strong during the period of assessment.
Greater Preference for Hen Egg Yolk Derived Oil
Egg yolk oil derived from hen eggs has witnessed increasing preference for cosmetic, nutraceuticals and pharmaceutical applications. Hen egg oils contain vital ingredients that are rich in pohspholipids and triglycerides with cholesterol. Increasing sales of hen egg yolk derived oils are largely fueled with their use in topical ointments to facilitate skin healing, hair conditioning and treating other ailments such as skin ulcers, hemorrhoids, frostbite, ringworm, eczema and nasal vestibulitis. On the other hand, duck egg yolk derived oils are also witnessing impressive growth during the analysis period.
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China is likely to remain at the vanguard of growth – with respect to sales and new product launches, the country is likely to retain its status quo as a major growth contributor, closely followed by India. Increasing sales of egg yolk oil in these countries make Asia Pacific excluding Japan (APEJ) the biggest market for egg yolk oil, considering the global scenario. In addition to APEJ, demand is also witnessing a spike in Europe and North America as new consumer demographics realize the benefits of egg yolk oil for hair and skin care.
Changing Preference Towards Synthetic Ingredients
According to American Chemical Society, with growing conservation awareness since the last decade, customer preference for natural products over synthetic ingredients has increased. This change in preference has driven significant growth in natural products sector including personal care, cosmetics and hair care to name a few. In addition, negative publicity of synthetic ingredients has further impacted the perception of consumers towards quality of skin care products and their side effects. Growing customer inclination towards natural ingredients over synthetic ones is expected to influence adoption of egg yolk oil.
Use of egg yolk oil has also been observed in infant nutrition, and pharmaceuticals which has significantly propelled the market’s growth. Emerging economies in Asia Pacific have witnessed increased adoption of egg yolk oil given the increasing proliferation of personal care products such as sunscreens. Also, innovations in egg yolk oil has led to its growing use in supplements. Mixture of egg yolk oil and fermented garlic powder is available in odorless capsule form that facilitates enhanced boost in energy, fat burning and muscle gain. In addition, the growing popularity and ubiquity of e-commerce as a prominent sales channel can assist egg yolk oil producers to tap customers even in remote areas worldwide.
Table of Content:
- Executive Summary
1.1. Summarizing Key Findings
1.2. Wheel of Fortune
1.3. Opportunity Assessment
1.4. Market Taxonomy
- Global Egg Yolk Oil Market Introduction
- Global Egg Yolk Oil Industry Overview
3.1. Global Egg Yolk Oil Market Value & Volume Forecast and Analysis
3.2. Forecast Factors
3.3. Global Egg Production & Consumption, by Country
3.4. Quality Standards for Eggs
3.5. Egg Yolk Components and their Applications
3.6. Supply Chain
3.7. Market Dynamics
3.8. PEST Analysis
3.9. Pricing Analysis
- Global Egg Yolk Oil Market Historical Analysis 2013-2017 and Forecast 2018-2028, By Poultry Type
4.1. Revenue (US$ Mn) & Volume (Liters) Comparison
4.2. Market Share Comparison
4.3. Y-o-Y growth Comparison
- Global Egg Yolk Oil Market Historical Analysis 2013-2017 and Forecast 2018-2028, By Application
5.1. Revenue (US$ Mn) & Volume (Liters) Comparison
The report on egg yolk oil market includes key business strategies and product offerings of major market participants. 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 and Kewpie Corporation are some of the major participants profiled in the report. Apart from these key participants, the report has also profiled other stakeholders across the egg yolk oil supply chain.
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