Press release
Egg White Powder Market is Projected to Reach USD 2658 million by 2027, Registering 8.3% CAGR till 2027 | Size, Share, Industry Analysis & Forecast
Egg White Powder Market
The Egg White Powder Market is estimated to reach USD 2658 million by the end of 2027, growing at a CAGR over the forecast period (2020-2027).
The factors driving the growth of Egg White Powder Market includes increasing application of egg white powder in the food supplements, rising awareness amongst consumers about the health benefits of egg white powder, rapid growth in the egg production around the world. According to the report published by Statista, egg production in India has increased from 103.3 billion in FY 2019 to 122.05 billion in 2021, which is expected to boost the Egg White Powder Market Growth in India in the approaching years. Moreover, the increasing application of egg white powder in the end-use industries such as cosmetics, pharmaceuticals, and food processing, increasing consumers preference for fat free and gluten free products, easy availability of egg white powder products at online platforms, are some of the additional factors supplementing the Egg White Powder Market size. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing disposable incomes are further contributing towards the market growth.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/egg-white-powder-market/
However, the growth of Egg White Powder Market is hindered attributed to variations in the prices of eggs.
The prominent players operating in the market are NOW Health Group, Inc, Taiyo Kagaku Co. Ltd., Sanovo, Merck KGaA, Kewpie Corporation, HiMedia Laboratories Pvt. Ltd., Rose Acre Farms, Ovostar, Sainsburys, Dutch Egg Powder Solutions BV, IGRECA, JW Nutritional, LLC, Avangardco, and Caneggs among others.
Based on End-Use, the Dietary Supplements segment is projected to capture a sizeable market share during the forecast period
Growing demand for nutritious food products, busy lifestyles, and rapid urbanization, are some of the factors responsible for the segment's growth.
Based on Distribution Channel, the Online segment is predicted to expand at a remarkable CAGR over the forecast period
Rising trend of online shopping, growing internet penetration rates and increase in the number of online platforms, are propelling the segment's growth.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
Rising prevalence of obesity, diabetes, and cardiovascular disease in the American society, growing demand for dietary supplements, rapid urbanization, and high per capita incomes, are some of the important factors augmenting the market growth in North America.
Key Developments
In 2018, Caneggs launched its purified egg white powder which aims to address the issues faced by the Canadians while purchasing the egg white powder through its consumer-friendly packaging.
Market Segmentation
Segmentation by End-Use
Food Processing
Cosmetics & Personal Care
Pharmaceuticals
Dietary Supplements
Beverage Processing
Retail
Segmentation by Grade
Food Grade
Technical Grade
Segmentation by Distribution Channel
Online
Hypermarkets
Specialized Stores
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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