Egg Powder Market Research Report: Forecast (2024-2030)
The Global Egg Powder Market size is estimated to touch USD 3.92 billion by 2030 and anticipated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The Egg Powder market has experienced steady growth in recent years and is expected to continue expanding in the forthcoming years as well. The market growth can be attributed to the rising demand for convenient and shelf-stable egg-based products, driven by busy lifestyles and a focus on convenience foods across the globe.
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Market Dynamics
Global Egg Powder Market Driver: Escalating Demand for Egg Powder from Bakery and Confectionary Industry
There has been a significant rise in demand for bakery and confectionary goods such as cakes, pastries, cookies, waffles, chocolates, toffee, muffins, etc. among consumers. This is due to the changing lifestyle and high demand for convenience food across the globe. The fast-paced lifestyles of consumers have led to the higher adoption of bakery goods as they are considered ready-to-eat and go-to foods. In addition, different exotic fruit flavors and various claims such as clean labels, free from additives, made from whole grains, etc. further surge the growth of bakery and confectionary products among consumers across the globe.
In bakery product consumption, the preference of consumers is constantly evolving towards healthy, high protein, and low sugar products which has surged the demand for egg powder as a protein source. For Instance, in 2022, more than 53% of bakery products consumers prefer high-protein bakery products globally. Thus the ability of egg powder to provide a high amount of protein content to bakery and confectionery goods in addition to stability and texture has led to the rising adoption of egg powder in the bakery & confectionary industry. The rising demand for egg powder for high-quality product manufacturing is expected to augment the Egg Powder Market growth in forthcoming years.
Leading Companies in Egg Powder Market:
Avangardco, Ovostar, IGRECA, SKM Egg Products, Bouwhuis Enthoven, Eurovo, Ag Foods, Venkys, Farm Pride, Kewpie Corporation, Pulviver, Interovo Egg Group BV, Adriaan Goede BV, Wabash Valley, Rose Acre Farms, Wulvro BV, Others
Segmentation of the Industry
The Egg Powder Market is highly fragmented and bifurcates into the following segmentations:
By Type
-Whole Egg Powder
-Egg Yolk Powder
-Egg Albumin Powder
-Egg Powder Mix
- Out of them all, whole egg powder is anticipated to hold a major share of the market in the forecast period, owing to its versatility, consistent composition and rising demand in the food industry.
By End User
-Commercial
–Food & Beverages
—Bakery & Confectionary Products
—Sauces, Dressings & Mixes
—Meat Products
—Others (Noodles, Pasta, Desserts, etc.)
–Personal Care & Cosmetics
–Nutraceuticals & Pharmaceuticals
–Others (Animal Feed & Pet Food)
-Residential
By Distribution Channel
-Online Sales Channel
–Company Website
–E-commerce Platform
-Offline Sales Channel
–Supermarkets/Hypermarkets
–Departmental Stores
–Convenience Stores
–Other Sales Channel
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Regional Landscape
On the geographical front, the Egg Powder Market expands across the following:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
- The North American region is expected to hold a major share of the market owing to the increasing emphasis of consumers on healthy & active lifestyles, eating well, and exercising regularly.
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