The global egg powder market size reached US$1,859.6 Million in 2022. Looking forward, the market expects to reach US$ 2,506.3 Million by 2028, exhibiting at a (CAGR) of 4.5% during 2023-2028, according to the latest report by IMARC Group.
Base Year: 2021
Forecast Year: 2022-2027
Egg powder is obtained by completely dehydrating fresh eggs via the spray drying method. This process not only increases the shelf life of the product but also reduces the weight per volume of whole eggs while preserving the nutritional content. Due to its dry form, egg powder can be conveniently transported over long distances, as it does not require refrigeration and experience breakage. As a result, egg powder is increasingly being used in several applications ranging from food to cosmetic industries.
Some of the major players operating in the industry include
- Sonova Holding AG (SOON.SW),
- Weko Group,
- Eurovo S.R.L,
- Rembrandt Enterprises Inc (RBDE), Inc.,
- Rose Acre Farms, Inc.,
- KEWPIE Egg Corporation.
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Egg Powder Market Trends:
Over the past few years, the egg powder market has been propelled by significant demand from health-conscious consumers. Their consumption patterns have shifted from a carbohydrate-rich to a protein-rich diet, which has bolstered the demand for egg powder. Besides this, the proliferating food industry is also contributing to the growth of the market, as egg powder is widely used in bakeries and confectioneries due to its long shelf life and negligible product waste.
Moreover, its exceptional binding properties also make it a preferred choice over fresh eggs. Furthermore, egg powder is increasingly being used in natural personal care products, which are witnessing a high demand due to the rising self-care and wellness trends. Additionally, market players are introducing value-added products, such as high gel and whip egg yolk powder, which possess excellent binding properties. As these variants can be easily mixed with other food ingredients, they are gaining widespread preference among consumers.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/egg-powder-market
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global egg powder market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on the type and end use.
Breakup by Type:
- Whole Egg Powder
- Yolk Egg Powder
- White Egg Powder
Whole egg powder currently holds majority of the market share. It is widely utilized as a substitute for fresh eggs in the production of protein-rich food products.
Breakup by End Use:
- Sauces, Dressings and Mixes
- Others (Desserts, Dietary Supplements, Pharma, etc.)
The bakery segment accounts for majority of the total global market. This can be accredited to the increasing use of egg powder in the preparation of functional bakery goods.
Breakup by Region:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
North America enjoys the leading position in the market on account of the growing consumption of ready-to-eat (RTE) and processed food items in the region, which are made using egg powder.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Sanovo Technology Group, WEKO Eiproducten BV, Eurovo S.R.L., Rembrandt Enterprises Inc., Rose Acre Farms, Inc. and Kewpie Egg Corporation.
This report provides a deep insight into the global egg powder industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an egg powder manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the egg powder industry in any manner.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.