According to the latest report by IMARC Group, the global egg powder market size reached US$ 1,652 Million in 2020. Looking forward, the market expects to continue its moderate growth during the next five years.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
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Industry Definition and Application:
Powdered eggs are fully dehydrated eggs processed by the spray drying method. The major advantages of egg powder over fresh eggs are the extended shelf-life and reduced weight per volume of whole eggs. Moreover, egg powder can be easily transported from one location to another, without the requirement of refrigeration and risking any breakage. In addition to this, egg powder is highly convenient to use owing to its dry powdered form which leads to negligible product wastage and generates no residue after usage. Due to these advantages, along with its easy storage and exceptional binding properties, egg powder is gradually replacing fresh eggs in the food industry across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Some of the major players operating in the industry include Sanovo Group, Weko Group, Eurovo S.R.L, Rembrandt Enterprises Inc (RBDE), Inc., Rose Acre Farms, Inc., and KEWPIE Egg Corporation.
Egg Powder Market Trends:
In recent years, a change in the consumption patterns of consumers has been witnessed owing to the rising health consciousness among them. They are now preferring protein-rich food products over carbohydrate-rich foods which has augmented the sales of egg powder. Additionally, as the demand for egg yolk powder is increasing at a faster pace in comparison with whole egg powder, manufacturers are offering value-added variants of egg yolk powder. For instance, they have introduced high gel and high whip egg yolk powders which possess excellent binding properties, and thus, can be easily mixed with other food ingredients. Further, poultry production is insufficient for the population in some countries of the Middle East and Africa. As a result, they are largely dependent on imported egg powder to meet the local demand.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/egg-powder-market
Key Insights from the report:
On the basis of types, the market has been segregated into whole, yolk and white egg powder. At present, whole egg powder represents the most popular product type owing to its wide applications in the food industry.
Based on end-uses, the egg powder market has been divided into bakery; sauces, dressings and mixes; and others (desserts, dietary supplements, pharma, etc.). Currently, bakery accounts for the majority of the market share.
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, Latin America, and Others. Amongst these, Europe is the leading market for egg powder, holding the largest share.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
