Global Egg Powder Market - Forecast (2022 - 2027)
Global Egg Powder Market Overview
The Global Egg Powder Market size is estimated to reach $2,647 million by 2027. Furthermore, it is poised to grow at a CAGR of 4.8% over the forecast period of 2022-2027. Egg powder is made from whole eggs that have been dried out or dried in a shower. Spray drying is a method of delivering a dry powder egg by swiftly heating it with hot gas just like powdered milk. The lack of hydration is resolved by removing the water content from the raw eggs at a high temperature, ensuring that none of the components are lost. This cycle aids in providing the item with a longer period of practical usability. The term "egg powder" refers to a powder made from dried-out bird eggs. It's also known as dried egg things, and it's made up of whole egg powder, egg yolk powder, egg whites powder, egg powder blend, or a combination of egg powder. Egg powder is currently in high demand in personal care goods, cosmetics, and animal feed and pet food products owing to a high-protein diet. Egg powder also acts as a lactose-free option that aids in the supply of critical nutrients for body growth and development. Amidst lockdowns, company closures, and travel boycotts, the Coronavirus epidemic has harmed ventures and economies in a number of countries. This very certainly has an influence on the food and beverage business, as well as the production network. In addition, the overall inventive work and fabricating processes exercises are estimated to have an impact on the growth of the global egg powder market.
Global Egg Powder Market Report Coverage
The report: “Global Egg Powder Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Egg Powder Industry.
By Product Type – Whole Egg Powder, Egg Yolk Powder, Egg Albumen Powder, Egg Powder Mix, and Others.
By End-Use Industry – Food Industry, Personal Care & Cosmetics, Nutraceuticals & Pharmaceuticals, Animal Feed, and Pet Food, Household and Others.
By Distribution Channel – Supermarket/Hypermarket, Specialty Stores, Online Stores, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America will continue to be a significant regional market for egg powder manufacturers owing to the substantial presence of the egg and egg-based goods industry.
- During the forecast period 2022-2027, attributable to growing awareness of healthy lifestyles and nutritious food around the world, the food and beverage, and dietary supplement businesses have seen tremendous expansion in recent years.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Egg Powder Market Report.
Global Egg Powder Market Segment Analysis-By Product Type
The Global Egg Powder market based on product type can be further segmented into Whole Egg Powder, Egg Yolk Powder, Egg Albumen Powder, Egg Powder Mix, and Others. In 2021, the whole egg powder category had the most market share. This is attributable to the expanding use of whole egg powder in baking cakes, as well as an increase in whole egg powder consumption in the coming years. In sweets like chocolate mousse and meringues, the powdered egg is increasingly being utilized whole. Owing to the constantly increased incidence of food allergies and intolerances, items like egg white powder are becoming a lucrative investment industry. Egg whole powder is rapidly being employed in pharmaceuticals and dietary supplements, in addition to their applications in the food processing industry. Egg whole powder is a lactose-free option that aids in the supply of critical nutrients for body growth and development. The significant rise in the health and wellness trend is fuelling the market for whole egg powder.
In the global market, the egg yolk powder is anticipated to grow with the fastest CAGR of 5.6% during the forecast period 2022-2027. For its high protein content and rapid binding properties, egg yolk powder is commonly used to coat non-vegetarian foods including chicken, veal, lamb, and fish. Furthermore, egg yolk powder is suitable with a variety of frying methods and aids in the retention of an even fried layer on top of non-vegetarian items, hence increasing nutritional value and flavor. It's commonly used to make fried chicken or fish batter because of its neutral flavor, which helps spices and marination keep their flavor. Additionally, rapid use of these products in restaurants in order to attract health-conscious customers is anticipated to boost egg protein powder market share, owing to the rising demand for nutritious non-vegetarian snacks.
Global Egg Powder Market Segment Analysis-By End-Use Industry
The Global Egg Powder market based on the end-use industry can be further segmented into Food Industry, Personal Care & Cosmetics, Nutraceuticals & Pharmaceuticals, Animal Feed, Pet Food, Household, and Others. In 2021, the food industry category have the most market share. Owing to the growing demand for light and nutritious baking preparations, the bakery application of the food category retained the biggest share. Egg protein is easily dissolved in water, dairy milk, soy, and oat milk, making it suitable for a variety of pastry preparations. In addition, egg protein powder's high protein content, neutral taste, and compatibility with butter and margarine are likely to boost market demand. Increased usage of egg protein in the preparation of cakes, croissants, and puff pastries is bound to improve market demand result of rising disposable income and changing nutritional perceptions. Its light, easily digested, and nutrient-dense nature is gaining popularity in the preparation of various bread solutions. Additionally, bakeries are using these goods in the production of a variety of brown and multigrain bread in order to obtain a distinct selling position in the market, which is projected to increase egg powder market share.
However, during the forecast period 2022-2027, the Nutraceuticals & Pharmaceuticals segment is anticipated to grow with the fastest CAGR of 6.1% during the forecast period 2022-2027. The Nutraceuticals & Pharmaceuticals sector is undergoing a significant transition toward a "preventative" rather than "treatment" strategy, which has given clinicians and patients a fresh perspective on the industry. While nutraceuticals are one of the primary beneficiaries of this trend, it is extremely anticipated that chances for pharma and food firms to enter the preventative healthcare landscape will continue to abound in the nutraceuticals category. The growing health and wellness trend is bolstering egg powder's possibilities, owing to the fact that this complete protein is diet-friendly, lactose-free, and aids in muscle regeneration. Egg white powder's lactose-free property has recently piqued curiosity as a potential replacement for dairy-based whey equivalents. The rise in protein powder demand may be traced back to the burgeoning health & wellness trend, with top market participants cashing in on the increased demand for naturally high-protein foods. Leading players in the industry are competing for market share based on the clean label profile of egg powder.
Global Egg Powder Market Segment Analysis-By Geography
The Global Egg Powder market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In 2021, the global egg powder market was dominated by the North American area with 35% of the market share. Consumers' increasing emphasis on leading healthy and active lifestyles, eating well, and exercising regularly is responsible to drive development. The rapid acceptance of egg protein in the dietary supplement market is poised to stimulate product demand owing to its low cost, ease of processing, and high nutrient profile. In addition, industry players are fast increasing their egg protein product portfolio to meet a variety of lifestyles and athletic needs, which is anticipated to boost the egg powder market share. Manufacturers in the region are aggressively investing in high-quality products in order to capitalize on market trends in fitness and healthcare. In addition, the growing use of egg protein in dairy dietary demands, as well as celebrity endorsements, is encouraging young people to consume it. In order to keep fit and acquire healthy body mass, consumers are switching from traditional protein sources, which is estimated to boost the egg powder market.
Global Egg Powder Market Drivers
Product diversity and innovation is propelling the market growth
Stakeholders' arsenals of innovation and product diversification remain intact in order to capture a significant share of market revenues. Several innovations have made their mark in arming participants' gains in the egg powder market, with producers focusing on new and unique egg powder flavors. Customers' preferences appear to be turning back to classic and unique flavors and tastes, therefore egg powder manufacturers have adjusted their goalposts to customer-centric product offers. This creates a window of opportunity for producers who want to try out new permutations and combinations and develop unique products. Companies can establish a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products thanks to innovation-driven methods. The lucrativeness of the industry will steadily rise in years to come as innovation adds new dimensions to the capabilities of egg powder manufacturers.
The ever-increasing desire for unique natural and 'free-from' items with clean labels is fuelling market expansion
Consumers and manufacturers in the food and beverage business have always been drawn to natural and "free-from" products. In addition to its meat-free, protein-rich profile, egg white powder's allergen-free profile has been and will continue to be a selling point for the product. The stakeholders in the egg powder market are anticipated to keep an eye on the opportunities appearing in East Asia as food processing firms seek to unleash the protein-rich profile of clean label ingredients to appeal to a growing pool of health-conscious customers. Gains are still concentrated in China, South Korea, and Japan's developing food processing industries. Pertaining to the consistent demand for innovative clean label components, the egg powder market is expected to see a new wave of applications emerge in the coming years. End-user demand for high-quality, safe ingredients is poised to grow, and manufacturers will respond by leveraging consumer-centric ways to build rewarding products.
Global Egg Powder Market Challenges
The risk of contamination could stifle the worldwide egg powder market's expansion
Pertaining to the significant risk of contamination connected with eggs and egg powder, the worldwide egg powder market has been slow to grow. There is always the potential of contamination in eggs due to poor hygienic conditions, which could affect the quality of eggs and processed egg products. Over the projected period, this factor is anticipated to stifle the growth of the egg powder market, particularly in the Asia Pacific. Furthermore, there are price changes in basic supplies. Increased prices of agricultural grains used as hen feed in the region have resulted in an increase in the price of egg powder production, thereby excluding low-income families from the consumer chain.
Global Egg Powder Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Egg Powder Market.
The top 10- Global Egg Powder Market companie`s are :
- Sanovo Group
- Weko Group
- Eurovo S.R.L
- Rembrandt Enterprises Inc.
- Rose Acre Farms, Inc.
- Kewpie Egg Corporation
- TM Ovostar
- Pulviver
- Ovostar Union N.V.
- Adriaan Goede BV
Recent Developments
In June 2021, Michael Foods Inc., a manufacturer, and distributor of foodservice products and ingredients has acquired Eggs Processor Henningsen Foods. Dehydrated eggs and meats are produced by the recently acquired company and are utilized in sports nutrition products, sauces, dressings, noodles, pet feeds, and food additives. Michael Foods Inc's food ingredient clients will benefit directly from the acquisition of Henningsen Foods' skills and product line.
In April 2019, Quevos introduced a new snack range of egg protein-fortified chips. The product also contains natural flavoring and nutritional products such as avocado oil, chia seeds, and prebiotic fiber. Furthermore, it is available in various flavors such as barbecue, cracked black pepper, cheddar omelet, and rancheros. It will help the company to get a unique selling point in the market thereby boosting regional egg protein powder market share.
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