Global Egg Powder Market To Be Driven By A CAGR Of 4.8% In The Forecast Period Of 2023-2028
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 (2018-2028)
• Historical Market Size (2020): 207,032 tons
• Forecast CAGR (2023-2028): 4.8%
• Forecast Market Size (2026): 274,287 tons
The growth of the global egg powder market is being driven by the long shelf life and portability of the product. Egg powder is known to have a shelf-life of 5 to 10 years and is non-perishable, compared to the whole eggs.
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Additionally, the benefits of powdered eggs, without any loss of nutritional values have increased the popularity thereby, aiding the surge in demand over the past years. Moreover, the market for powdered eggs is expected to be propelled by the increasing end use application in domestic cooking and food and beverage sector.
Industry Definition and Major Segments
Egg Powder is made by dehydrating eggs completely using spray drying. The benefits of powdered eggs over fresh eggs are the decreased weight per volume and the longer shelf life. Powdered eggs are also called dried eggs.
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Based on types, the industry can be divided into:
• Whole Egg
• Egg Yolk
• Egg Whites
It finds its end-uses in the following industries:
• Sauces, Dressings, and Mixes
The regional markets for egg powder include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Regionally, North America and Europe are expected to dominate the global market owing to the popularity of the product. Additionally, the robust advertising campaigns and marketing strategies are projected to aid the demand growth in the global egg powder market.
However, Asia Pacific is anticipated to show highest growth rate and bolster the market growth due to increasing expenditure over food and beverage products and increasing penetration of key players. Moreover, growing use of packaged egg powder in bakeries and other end-use industries is likely to offer commendable growth opportunities to the during the forecast period.
Key Market Players
The major players in the market are Sanovo Technology A/S, EUROVO S.r.l., Kewpie Corp., ТМ Ovostar, and Pulviver SPRL among few 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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