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A11036 | Pages: 300 | Charts: 54 | Tables: 159 |
The global Egg Powder Market Size was valued at $923.7 million in 2022, and is projected to reach $1.5 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032. Egg powder is a fully dehydrated egg. It is made using a spray drying process, such as how powdered milk is made.
Egg powder has a similar texture to milk powder and retains most of the nutrients found in fresh eggs, such as calcium and protein. The growth in demand for convenient and long shelf-life ingredients stands as a pivotal driver propelling the egg powder market. In an era marked by hectic lifestyles and change in consumer preferences, there is a pronounced shift toward ingredients that offer both convenience and extended product longevity. Egg powder, derived from dehydrated eggs, perfectly aligns with this demand, providing a stable alternative to fresh eggs that are easy to store and transport. This characteristic is particularly advantageous for manufacturers across diverse industries, including food & beverage, as it enhances the efficiency of production processes and minimizes the challenges associated with perishability.
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Consumers, seeking flexibility in their culinary activities and a reduction in food waste, are increasingly turning to egg powder as a versatile solution. The convenience of having a readily available egg ingredient without the constraints of refrigeration fosters its integration into a wide array of food formulations, ranging from baked goods to processed food. As a result, the growth in preference for ingredients that offer both convenience and prolonged shelf life is a compelling force driving the expansion of the egg powder market on a global scale.
Furthermore, the rise in awareness of the nutritional benefits of egg powder constitutes a pivotal driver propelling its market growth. Eggs, in their dehydrated form, have increasingly been recognized as a nutrient-rich source, packed with high-quality protein, essential vitamins, and minerals. Consumers have become more health-conscious, actively seeking products that align with their nutritional goals. Egg powder, being a concentrated and versatile source of nutrients, caters to this demand, especially in regions where awareness of a protein-rich diet has gained prominence.
The awareness of nutritional benefits of egg powder extends beyond protein content, encompassing essential vitamins such as B12, riboflavin, and minerals such as iron and zinc. This knowledge positions egg powder as a wholesome ingredient in a variety of food formulations, meeting the dietary needs of health-conscious consumers. The recognition of egg powder as a nutritionally dense and convenient option is expected to continue driving its market growth in diverse culinary applications as dietary preferences evolve and consumers prioritize functional foods.
In addition, the growth in demand for protein supplements stands out as a pivotal driver propelling the egg powder market. Consumers have actively sought protein-rich dietary options, driving the popularity of protein supplements with an increase in emphasis on health and fitness. Egg powder, particularly egg white powder, has gained prominence as a natural and high-quality protein source. Its low-fat content and complete amino acid profile make it an attractive choice for individuals focused on muscle development, weight management, and overall well-being.
The egg powder market benefits from being a versatile ingredient in protein supplements, protein bars, and shakes as fitness trends continue to influence dietary choices. The convenience of incorporating egg powder into these formulations aligns with the on-the-go lifestyle of modern consumers. This trend is expected to persist as health-conscious individuals increasingly recognize the nutritional value and efficacy of egg powder as a key component in meeting their protein intake goals.
However, there are some significant restraints affecting the egg powder market one among them is the vulnerability of its supply chain and the associated price volatility. Factors such as seasonal variations in egg production, disease outbreaks impacting poultry farms, and fluctuations in feed prices can disrupt the steady supply of eggs, consequently influencing the cost of egg powder production. These uncertainties can pose challenges for market players in maintaining a consistent and cost-effective supply, impacting their ability to meet market demands. In addition, global factors, such as weather-related events or geopolitical issues affecting trade, can further contribute to the unpredictability of the egg powder supply chain, making it a notable constraint for industry stakeholders.
Furthermore, while egg powder is a versatile ingredient, some individuals may have allergies to egg proteins, limiting the potential consumer base. The prevalence of allergens and the need for clear labeling in food products pose challenges for manufacturers to address diverse dietary requirements. Moreover, the increase in popularity of plant-based alternatives among consumers following vegetarian or vegan diets poses a constraint, as egg powder, being an animal-derived product, may not align with the preferences of this growing demographic. Navigating these allergenic and dietary considerations requires strategic product development and effective communication to ensure market inclusivity and compliance with evolving consumer preferences.
The egg powder market share is segmented on the basis of type, end user, distribution channel and region. On the basis of type, the market is segmented into whole egg powder, egg yolk powder, and egg albumen powder. On the basis of end user, the market is segmented into food & beverage, nutraceutical, pharmaceutical, personal care cosmetics, and animal feed. Based on distribution channel, it is categorized into hypermarkets/supermarkets, specialty stores, online sales channel, and business to business. Based on region, the market is categorized into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa
Based on type, the whole egg powder segment dominated the global egg powder industry in the year 2022 and is likely to remain dominant during the forecast period. This is attributed to the versatility of whole egg powder makes it a preferred choice in various applications, especially in the bakery and confectionery industry, contributing to its widespread demand. In addition, the stability of whole egg powder during storage and transportation enhances its appeal, addressing logistical challenges in the supply chain. The segment's robust growth is further fueled by the rising demand for nutritious and convenient food products, aligning with consumer preferences for healthier options. Overall, the whole egg powder's dominance reflects its adaptability, shelf-stability, and nutritional value, positioning it as a key player in the global market landscape.
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Based on end user, the food & beverage segment dominated the global egg powder market in the year 2022 and is likely to remain dominant during the forecast period. This dominance can be attributed to several key factors. Firstly, the rising consumer demand for convenient and nutritionally enriched food products fueled the adoption of egg powder by the food & beverage industry. Secondly, the versatility of egg powder in various culinary applications, ranging from bakery to savory dishes, contributed to its widespread utilization by food and beverage manufacturers. Additionally, the ease of storage and longer shelf life of egg powder align with the industry's need for efficient and cost-effective ingredients.
Moreover, the COVID-19 pandemic, while impacting the market overall, highlighted the importance of food safety and longer shelf life, further boosting the preference for egg powder in the food & beverage sector. As the industry continues to evolve, the food & beverage segment is poised to maintain its dominance, driven by the continual innovation of egg powder applications, meeting consumer demands for both convenience and nutrition.
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Based on distribution channel, the hypermarkets/supermarkets segment dominated the global egg powder market size in the year 2022 and is likely to remain dominant during the forecast period. The prevalence of hypermarkets and supermarkets can be attributed to several factors. Firstly, these retail giants offer a diverse range of food products, attracting a vast consumer base. The convenience of one-stop shopping further enhances their appeal. Secondly, the market witnessed increased demand due to its versatile applications in various culinary preparations, bakery items, and processed foods. Hypermarkets and supermarkets efficiently cater to this demand by providing a platform for consumers to access a wide array of products, including egg powder.
Moreover, these establishments often collaborate with multiple suppliers, ensuring a consistent and diverse supply of egg powder. The COVID-19 pandemic further emphasized the significance of reliable and easily accessible distribution channels, prompting consumers to prefer established retail outlets. The dominance of hypermarkets/supermarkets reflects the consumer preference for convenient and well-stocked retail spaces, influencing the market dynamics and positioning this segment as a key player in the global egg powder distribution landscape.
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Based on region, the Asia-Pacific region dominated the global market in the year 2022 and is likely to remain dominant during the forecast period. The Asia-Pacific region houses a substantial portion of the world's population, leading to increased demand for diverse food products, including egg powder. Additionally, a growing awareness of the nutritional benefits of eggs, coupled with a rising inclination toward convenient and shelf-stable food options, has fueled the Egg Powder Market Demand in the region.
Furthermore, the Asia-Pacific region boasts a robust agricultural sector, providing a steady and reliable source of eggs for processing into powder form. The region's economic Egg Powder Market Growth and development have also contributed to increased consumer purchasing power, driving the consumption of value-added food products like egg powder.
Amidst the challenges posed by the COVID-19 pandemic, the Asia-Pacific region demonstrated resilience in maintaining its dominance in the market, showcasing the adaptability and strength of its food industry. As a result, the Egg Powder Market Forecast suggests a continued stronghold of the Asia-Pacific region in the global market, underlining its pivotal role in shaping the industry landscape.
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The players operating in the global market have adopted various developmental strategies to increase their Egg Powder Market Share, gain profitability, and remain competitive in the market. The key players included in the Egg Powder Industry analysis are Kewpie Corporation, Sanovo Technology Group, Pulviver, Ovostar Union N.V., Rembrandt Foods, Adriaan Goede BV, Bouwhuis Enthoven BV, Ovodan, SKM Egg Products Export (India) Ltd., Eurovo Group, Ovobel Foods Limited, and Actini Group.
Key Market Segments
Key Market Players