Egg Powder Market Size, Share, Growth, Trend and Forecast by 2024
by mack nene TechSci ResearchGrowing health conscious
population and rising disposable income to drive global egg powder market
through 2024
According to TechSci Research report, “Global Egg Powder
Market By Type, By End Use, By Region, Competition, Forecast & Opportunities,
2024”, global egg powder market is expected to register growth during
2019-2024, on the back of multiple benefits served by powdered egg over normal
eggs, such as its long shelf life and portability. The dehydrated nature of
these eggs increases their shelf life without taking away the nutritional value
of the product. Currently, the demand for egg powder is rising among personal
care products, cosmetics, animal feed, and pet food products.
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In terms of type, global egg powder market has been
segmented into whole egg powder, egg yolk powder and egg albumen powder. Among
the types, whole egg powder accounted for majority of the market in 2018 and is
expected to remain as the largest product type during the forecast period,
owing to the higher requirement for whole egg powder over egg yolk or egg
albumin powders, as most food products which require eggs often make use of
whole eggs. For instance, pasta, brioche bread, cakes, cookies and egg noodles
use whole eggs for preparation.
Regionally, global egg powder
market has been categorized into North America, Europe, Asia-Pacific, South
America and Middle East & Africa. In coming years, Asia-Pacific is
anticipated to become the fastest growing region with the highest CAGR, owing
to increasing demand for bakery and confectionery products. The region includes
a truly massive consumer population with rising disposable income. These
consumers are generating high demand for bakery products, a majority of which
predominantly require the use of eggs, thus leading to exponential growth for
the region.
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In terms of end
use, global egg powder market has been categorized into food & beverages,
personal care & cosmetics, nutraceuticals & pharma and animal feed
& pet food. Of the applications, food & beverages segment accounted for
the largest share in global egg powder market in 2018 and is expected to remain
as the dominating category during the forecast period. Growth of the food &
beverages category can be primarily attributed to the fact that most bakery
items rely on eggs for stability and structure of the finished baked good.
Europe dominated global egg powder
market in 2018 and is anticipated to maintain its market dominance in coming
years. Among the European countries, Netherlands and Germany are significant
contributors to the egg powder market in the region. High use of egg powder for
making sauces, convenient food and bakery items is a key factor encouraging
market growth in Europe.
Key Players :
Key players in
global egg powder market are strategically focusing on the expansion to gain
significant market share. Some of the major players in global egg powder market
are SKM Egg Products Export (India) Ltd., Rose Acre Farms Inc., Pulviver
SPRL, Ovostar Union N.V. and Adriaan Goede BV.
“Change in lifestyle and increasing health conscious
population are expected to drive global egg powder market. Moreover,
exceptional binding and emulsion capabilities of egg powered is resulted in it
becoming a crucial element in countless applications of the food industry.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global
Egg Powder Market By Type, By End Use, By Region, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of global egg powder market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global egg powder market.
Key Target Audience:
Egg powder manufacturers,
suppliers, distributors and other stakeholders
Egg powder end users
Potential investors
Organizations, forums and
alliances related to egg powder market
Research organizations and
consulting companies
The study is useful in
providing answers to several critical questions that are important for the
industry stakeholders such as egg powder providers and partners, end users,
etc., besides allowing them in strategizing investments and capitalizing on
market opportunities.
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Created on Jan 20th 2020 06:31. Viewed 385 times.