About Egg Oil
Egg oil is made up largely of triglycerides and is obtained from egg yolks. Egg oil does not contain egg proteins, but it does contain a significant number of lipids, such as omega-6 fatty acids, making it ideal for skin and hair care. Traditional medicine, such as traditional Chinese medicine, uses egg oil for a variety of ailments, including eczema, dermatitis, and skin ulcers. Increases the use of egg oil, resulting in an increase in demand. Furthermore, the emulsification property in creams protects the skin's cellular structure and gives smoothness and suppleness. Because of its improved skin compatibility and lesser toxicity, it is regarded as an important raw material. As a result, the cosmetics industry's boom is a primary driver of the worldwide egg oil market.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Egg Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nutrasal Inc (United States), Avanti Polar Lipids Inc (United States), Harmony Whole Foods Market (Canada), Lipoid (Switzerland), Natural Factors (Canada), NOF America Corporation (Canada), Kewpie Corporation (Japan), Vitamin Research Products (United States) and Jena Bioscience GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Egg Oil market by Type (Ethanol Extraction, Petroleum Ether Extraction, Chloroform Extraction and Others), Application (Cosmetics and Personal Care, Pharmaceuticals, Health Supplements and Others) and Region.
On the basis of geography, the market of Egg Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Egg Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing customer preference for skincare and Growing popularity of essential oils
Market Growth Drivers:
Increased population of old age people and Rising demand enhances liver functioning and improves digestion.
Challenges:
Lack of awareness
Restraints:
Cheaper alternatives such as oil extracted from mustard, sunflower and soybean a
Opportunities:
Increased use in pharmaceutical industries due to its huge medical benefits such as brain development of a fetus while pregnancy, atherosclerosis and Growth potential in developing countries
Market Leaders and their expansionary development strategies
In September 2021, Symrise acquired Michael Foods egg processing plant. The acquisition fits the strategy of IsoNova Technologies LLC, part of the Symrise Flavor & Nutrition segment, of ensuring the continuous delivery of quality pet food ingredients and innovative solutions to the pet food industry in the United States.
In October 2021, Cargill launches poultry feed with essential oils for healthy flocks and maximized egg production. The natural* essential oils contribute to the promotion of egg weight, size and production, enhanced palatability and a fresh aroma direct from the bag.
Key Target Audience
Egg Oil Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.