Egg Powder Market Insights, Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments 2018 to 2023

Market Overview:

A new research report by Market Research Future (MRFR) forecasts that the global market for egg powder is predicted to expand at a CAGR of 4.34% during the forecast period (2018-2023). Powdered eggs are dehydrated eggs that are turned into an easy-to-store powder. There are various benefits of dehydrating eggs, such as eliminating any concerns regarding spoilage and durability for a long time. They are also easier to transport and are also easier to mix with other foods and liquids. In simple words, catalyzed by its numerous benefits, egg powder has become a vital element in countless applications due to its exceptional binding and emulsion capabilities.

Drivers

Shift in consumer preference to fuel the demand for egg powder

Across the globe, various regions have witnessed a massive shift in consumption pattern, which is from carb-based food to protein-based foods. This factor has resulted in an immense growth in the animal feed industry, having a knock-on effect on the expansion of egg powder market. The surging demand for egg powder can also be attributed to a marked increase in the production of eggs.

These factors also have a direct impact on the demand for egg powder in the baking industry. As eggs are one of the essential ingredients in many bakery products, they are used extensively across the globe. Bakers prefer egg powder instead of whole eggs, on account of multiple reasons such as longer shelf life coupled with ease in shipping and transportation.

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Rising price of meat to have a favorable impact on egg powder market

Another factor aiding the market is the growing usage of egg powder in meat-based products. With the price of meat surging, egg powder is considered a better alternative ingredient used in meat, as it is a well-known source of protein. Thus, this factor is believed to be one of the major drivers fueling the growth of the egg powder market.

Restraints:

Contamination of eggs to impede the market growth

With various factors driving the market growth, the industry experts are expecting a successful run for the egg powder industry. There are, however, few negative factors that could potentially undermine the market growth to some extent. One of those factors is the high risk of contamination of eggs and egg powder. Due to poor hygienic conditions, there is always a risk of contamination that could degrade the quality of eggs and processed egg products.

On the other hand, there are few egg management solutions adopted by manufacturers that negates the ill effects of the restraints. These solutions aid in keeping the eggs hygienic, such as the coop and nest management. This ensures a clean environment and reduces the probability of spoilage.

Key Players Analysis:

The players covered in the report are Agroholding Avangard (Cyprus), Bouwhuis Enthoven B.V. (the Netherlands), SKM Egg Products Export (India) Ltd., Rose Acre Farms, Inc (U.S.), Pulviver Sprl (U.K), Ovostar Union N.V (the Netherlands), Adriaan Goede BV (the Netherlands), Rembrandt Enterprises, Inc. (U.S.), IGRECA SA (France), Interovo Egg Group B.V (the Netherlands).

Industry News:

July 2018 – Caneggs Canada has introduced Canadian approved pure egg white powder which is made from pasteurized spray-dried liquid egg whites, which has resulted in this pure concentrated egg white powder. This powder has undergone a strict manufacturing process, which removes all hints of salmonella or other bacterial contamination, rendering it risk-free.

Market Segmentation:

The egg powder market is segmented on the basis of type and application.

Whole egg powder to rule the market in coming years

By type, the market is segmented into whole egg powder (WEP), egg yolk powder (EYP) and egg albumin powder (EAP). The WEP segment is expected to rise significantly as they are lactose-free, long shelf life has high amount of protein and can be used in various food items enhancing their taste.

The various application areas of egg powder are bakery and confectionary, noodles & pasta, mayonnaise & salad dressing and meat & fish. Among these, bakery and confectionery are the major segments that account for a massive demand as egg powder adds color, adds texture, facilitates foaming, helps with coagulation and aids emulsification in baked items.

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Regional Analysis:

The global egg powder market has been spread across five key regions, which are Europe, North America, the Middle East & Africa (MEA), Asia Pacific (APAC) and Latin America.

In the past decade, Brazil, Argentina, Chile, and other developing countries have noted a huge shift in preference by customers, namely from carb-based food to protein-based foods. This factor is predicted to trigger the demand for egg powder in Latin America. The growth in demand in the region is also fueled by a significant increase in the production of eggs.

On the other hand, Asia Pacific accounts for a substantial market share with China holding the largest share within the region. On account of the high production, manufacturers focus on processing eggs into egg powder to meet the rising demand from the food industry. This factor is projected to drive the sales of egg powder over the review period.

In North America, egg powder is experiencing massive demand in the bakery industry. Owing to multiple reasons like longer shelf life and ease in transportation, it finds extensive use in the bakery sector in the region. Hence, the growing demand for healthy bakery products across North America is presumed to fuel the demand for egg powder across the region.

Europe is a developed region that notes increasing purchasing power of the consumers, which in turn favorably affects the market size of powdered eggs. Moreover, product enhancement coupled with technological advancements has proved to be a prominent factor that will increase the size of the egg powder market in the region.

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This release was published on openPR.