5 Key Strategies to Succeed in Egg Powder Market | 2023-2033
According to a research report published by Spherical Insights & Consulting, the Global Egg Powder Market Size Expected to Grow from USD 970.8 Million in 2023 to USD 1566.4 Million by 2033, at a CAGR of 4.9% during the forecast period 2023-2033.
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An egg that has been totally dried is called a powdered egg. Similar to powdered milk, most powdered eggs are made via spray drying. The majority of the nutrients included in fresh eggs, including calcium and protein, are retained in egg powder, which is comparable to milk powder. Whole egg powder, egg yolk powder, egg albumen powder, egg powder mix, and egg powder blend are some of the other names for dried egg goods. Egg powder is becoming a hit with sportsmen and the guys who go to gyms for protein. Large fast-moving consumer goods in the forecast period demand ever greater convenience and long shelf-life ingredients. Increased adoption rates in the markets for ingredients toward a variety of food products are the direct resultant effects of increasing demand for food products free of gluten and allergens. However, the egg powder market is experiencing a strange phase of disruptions due to equipment deficiencies and disruption. Price volatility during the forecast period is largely influenced by seasonal variations, disease epidemics, and fluctuations in feed prices. These uncertainties make the market players unable to maintain a consistent and cost-efficient supply; however, some external factors like weather and geopolitical issues cause further complications to the supply chain, restraining the growth of the market.
Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the Global Egg Powder Market Size, Share, and COVID-19 Impact Analysis, By Type (Egg Yolk Powder, Whole Egg Powder, and Egg Albumen Powder), By Distribution Channel (Specialty Stores, Business-to-business, Hypermarkets/Supermarkets, and Online Sales Channel), By End Use (Bakery, Sauces, Dressings & Mixes, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
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The whole egg powder segment is expected to hold the largest share of the global egg powder market during the forecast period.
Based on the type, the global egg powder market is divided into egg yolk powder, whole egg powder, and egg albumen powder. Among these, the whole egg powder segment is expected to hold the largest share of the global egg powder market during the forecast period. Segmental growth in the egg powder market is heavily correlated with application inconsistencies in high-demand areas such as bakery and confectionery. All egg powder’s different, versatile, shelf-stable, and nutritious-moving factors are the main basis for its seal in the global market for the product.
The hypermarkets/supermarkets segment is expected to hold the largest share of the global egg powder market during the forecast period.
Based on the distribution channel, the global egg powder market is divided into specialty stores, business-to-business, hypermarkets/supermarkets, and online sales channels. Among these, the hypermarket/supermarket segment is expected to hold the largest share of the global egg powder market during the forecast period. The growth is due to the convenience of one-stop shopping, which further heightens their appeal. Supermarkets and hypermarkets ensure better satisfaction of this demand by having everything under one umbrella for people to buy, from egg powder to everything else.
The bakery segment is expected to hold the largest share of the global egg powder market during the forecast period.
Based on the end use, the global egg powder market is divided into bakery, sauces, dressings and mixes, and others. Among these, the bakery segment is expected to hold the largest share of the global egg powder market during the forecast period. The growth is attributed to increasing consumption and demand for bakery products, which are driving the market growth. The powder is a convenient, long-lasting alternative to fresh eggs in the bakery industries to ensure consistent quality and reliability in performance, mitigating concerns with availability and storage issues.
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Asia Pacific is projected to hold the largest share of the global egg powder market over the forecast period.
Asia Pacific is projected to hold the largest share of the global market over the forecast period. Much of the growth in regional areas may be related to the Asia-Pacific, which is where most of the world’s population lives, thereby increasing the demand for a variety of foods and egg powder among them. An increase in demand for egg powder within the region comes from the consumers’ preference for easy, shelf-stable food options, as well as their increased understanding of the nutritional benefits of eggs.
North America is expected to grow at the fastest CAGR of the global market during the forecast period. This powder, which provides a quick and healthy substitute for fresh eggs and improves the nutritional value and texture of a variety of goods, is widely used by the growing food processing and ready-to-eat meal sectors in North America, which is responsible for the growth. Adoption of the different food formulations is also influenced by growing awareness of gluten-free and allergen-free diets.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of overall competition within the market.
Major vendors in the global egg powder market are Ovostar Union N.V., Bouwhuis Enthoven, Avangardco, Eurovo Group, Weko Group, IGRECA, Pulviver, A.G. Foods, Farm Pride, Sannovo Group, Venkys, Rembrandt Enterprises Inc., Jiangsu Kangde Egg Industry Co., Ltd., Kewpie, Interovo Egg Group BV, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In July 2022, Symrise AG announced sustainability egg proteins and thereby enriched the world by getting circular food chains globally that promise to add value to the pet food industry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global market based on the below-mentioned segments:
Global Egg Powder Market, By Type </strong>
- Egg Yolk Powder
- Whole Egg Powder
- Egg Albumen Powder
Global Egg Powder Market, By Distribution Channel
- Specialty Stores
- Business-To-Business
- Supermarket /Hypermarket
- Online Sales Channel
Global Egg Powder Market, By End Use
- Bakery
- Sauces
- Dressing & Mixes
- Others
Global Egg Powder Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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