The rising boom around natural personal care products is majorly responsible for heightening prospects of global egg yolk oil market that recorded the revenue of around US$250 Mn in the year 2020.
A Mass Shift Toward Natural Products Underway Will Bolster Egg Yolk Oil Market Growth
A mass consumer shift toward adoption of natural and organic products from their synthetic counterparts has been witnessed while consumer preference for natural products has increased significantly, according to American Chemical Society. This has translated into momentous opportunities for the natural products industries such as cosmetics, hair care, personal care, and nutraceuticals, to name a few. In addition, unfavourable publicity of synthetic products and associated chemicals has resulted in consumers opting for natural equivalents, thus triggering demand for several products and egg yolk oil is no exception. This factor is expected to promote the uptake of egg yolk oil in end user applications such as cosmetic lotions, creams, sunburn lotions, moisturisers, skin conditioners, and sunscreen products. This aspect coupled with increased production of the oil owing to easy availability of chicken eggs on a large scale is expected to further bolster growth of the egg yolk oil market on the global front.
Demand for Effective Hair Care Solutions to Bode Well for Egg Yolk Oil Market
Hair loss resulting in baldness is a common concern impacting social lives of individuals worldwide. This has resulted in an increase in the adoption of different hair loss treatments to minimise or prevent hair fall. However, overpricing of scientific treatments for hair loss has made them accessible to only a set of individual class that have high disposable income. Major portion of individuals, particularly in the middle and low income economies find it difficult to invest in scientific treatments that are not only pricy but do not completely guarantee the result. This led to the shift of customers towards natural products for treating hair loss such as application of natural oil.
Egg yolk oil, when applied, enhances scalp health thus strengthening the hair roots. Egg yolk oil includes good cholesterol concentration that permits natural rejuvenation of the epidermis and mend thus stabilising and preserving the intercellular skin matrix. Being an active emollient, it carries out hydration of hair strands thus reducing fizz and strengthening them inducing a lustre, and smoothness. Its use as an effective hair care solutions is expected to augment growth of the egg yolk oil market.
North America Remains the Prime Consumer Market, Asia’s Egg Yolk Oil Market Poised for Significant Growth
Rising number of manufacturers of dietary supplements backed by their increasing sales is expected to drive the egg yolk oil market in developed countries in North America. Economies such as the United States, and Canada are likely to cement dominance with respect to use of egg yolk oil for different uses. In particular, the use of egg yolk oil for controlling hair fall remains a critical factor uplifting its demand. For instance, according to Cleveland Clinic, approximately 80 million people in the United States are affected by baldness due to rapid hair fall.
In addition, on the back of hectic lifestyle of individuals, several disorders such as high stress level, and hypertension have been prevalent. This has resulted in several problems such as diabetes, obesity, and high blood pressure. Use of egg yolk oil can result in management of these problems, especially blood pressure as they contain peptides that regulate the flow of blood in the human body. Also, use of egg yolk oil in treating skin problems such as eczema, mouth ulcers, burns, dermatitis, and skin ulcers has pushed its consumption in North America. This factor remains instrumental in driving the growth of egg yolk oil market, making North America a highly attractive region.
Alternatively, emerging economies in Asia Pacific are also expected to showcase high growth potential for egg yolk oil market. This can be attributed towards momentous rise in the pharmaceutical and nutraceutical industries in the region backed by growing population and customer pool. Moreover, the region has been an attractive go-to-market for several companies owing to its business friendly nature and availability of cheap labour and land. This has resulted in companies establishing their manufacturing bases across developing countries in Asia. This macro factor is expected to bode well for the egg yolk oil market with regards to manufacturing and supply of the product across end users. Moreover, demand for anti-ageing lotions and creams is expected to increase due to growing ageing population in Asia Pacific. For instance, as per the Department for Economic and Social Information of the United Nations, more than 0.75billion people aged 60 years and more will live in India, and China in 2050. This figure accounts for almost 38% of the global population aged 60 years and above. This aspect is likely to create new avenues for cosmetic industry, in turn chalking an opportunistic scenario for the market in Asia Pacific.
Egg Yolk Oil Market: Competitive Landscape
A few of the major players operating in global egg yolk oil market include Nutrasal Inc., Lipoid, Avanti Polar Lipids Inc., Natural Factors, Harmony Whole Foods Market, NOF America Corporation, Jena Bioscience GmbH, Kewpie Corporation, Hunan Health Guard Bio-Tech Inc., Natural Sourcing LLC, Tedukuri Shizenshoku Tomonokai, Ecovatec Solutions Inc., Bizen Chemical Co. Ltd., and VAV Life Sciences Pvt. Ltd.
The Global Egg Yolk Oil Market Is Segmented As Below:
By Extraction Method
By Distribution Channel
Key Elements Included In The Study: Global Egg Yolk Oil Market
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