Egg Powder Market Size, Share, Growth, Trend and Forecast by 2024by mack nene TechSci Research
Growing health conscious
population and rising disposable income to drive global egg powder market
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
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 232 times.