Global Egg Powder Market to be Driven by the Growing Demand for Packaged Food in the Forecast Period of 2021-2026
The new report by EMR titled, ’Global Egg Powder Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global egg powder market, assessing the market based on its segments like types, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 207,032 tons
- Forecast CAGR (2021-26): 4.8%
- Forecast Market Size (2026): 274,287 tons
The long shelf life and portability are two important market drivers for egg powder. Egg powder has a shelf life of 5 to 10 years when stored in an airtight container and is non-perishable. It can be easily transported and does not need refrigeration, unlike real eggs, which have a high risk of cracking. The growing demand for storable or packaged food has resulted in a large increase in the egg powder demand. In addition, the increasing demand for fresh and dehydrated eggs has boosted the product’s demand further. The demand growth in the global egg powder market has also been aided by the successful advertising strategies and marketing techniques. These factors are expected to continue supporting the market growth of egg powder.
Industry Definition and Major Segments
Eggs that have been fully dehydrated are known as powdered eggs. Spray drying is used to make these in the same way as powdered milk. Eggs powder has many benefits over fresh eggs, including a lower weight per volume of the same whole egg and a longer shelf life.
The industry can be classified into the following categories based on its types:
- Whole Egg Powder
- Yolk Egg Powder
- White Egg Powder
It finds wide end-uses in the following industries:
- Sauces, Dressings, and Mixes
- Others (Desserts, Dietary Supplements, Pharma, etc.)
The report also covers regional markets of egg powder like:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Over the last decade, developing countries such as Brazil, Argentina, Chile, and others around the world have seen a significant change in eating habits away from carbohydrate-based foods (such as wheat, cereals, and rice) and toward protein-based foods (such as hens, fish, meat). This factor is expected to increase the demand for egg powder in Latin America, resulting in an expansion of the region’s animal feed industry and driving the egg powder demand. The demand for egg powder is also being aided by a significant rise in egg production. Because of the high volume of eggs produced in the Asia region, manufacturers are concentrating on turning them into egg powder to meet the growing demand from the food industry.
Key Market Players
The major players in the market are Sanovo Technology Group, Eurovo Srl, Kewpie Corporation, TM Ovostar, and Pulviver, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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