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Egg Powder Market Growth, Size, Share, Report and Forecast 2024-2032
Egg Powder Market
According to the report by Expert Market Research (EMR), the global egg powder market size is projected to grow at a CAGR of 6.9% between 2024 and 2032. Aided by the growing demand for convenient and shelf-stable food products and the diverse applications of egg powder across multiple sectors, the market is expected to grow significantly by 2032.
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Egg powder, primarily produced through spray drying fresh eggs, offers a convenient and longer shelf-life alternative to fresh eggs. It finds widespread use in various food products, including bakery items, confectioneries, pasta, and mayonnaise. Besides its culinary applications, egg powder also plays a crucial role in nutritional supplements due to its high-quality protein content and rich composition of essential vitamins and minerals.
The increasing consumer inclination towards convenience food products is a key driver for the global egg powder market growth. The fast-paced lifestyle and the growing working population have resulted in a heightened demand for easy-to-prepare and storage-friendly food options, making egg powder a preferred choice.
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Furthermore, the health benefits associated with egg consumption have led to a surge in the demand for egg powder products. Eggs are known for their high-quality protein, essential amino acids, and various vitamins and minerals. This nutritional profile has made egg powder a popular ingredient in nutritional supplements and protein-rich diets, particularly among health-conscious individuals and athletes.
The versatility of egg powder in culinary applications is another factor contributing to the egg powder market demand. Its ability to act as a binding agent, emulsifier, and leavening agent makes it an invaluable ingredient in various food products. In the bakery industry, egg powder is extensively used to enhance texture, flavour, and shelf-life of products like cakes, cookies, and bread.
Additionally, the rising demand for animal protein and the growing awareness of protein-rich diets are fuelling the growth of the market. With its high protein content, egg powder serves as an excellent source of animal protein, catering to the nutritional requirements of a broad consumer base.
Europe holds a dominant portion of the global egg powder market share, backed by its advanced food processing industry and the widespread consumption of bakery and confectionery products.
Egg Powder Market Segmentation
The market can be divided based on type, end use, and region.
Market Breakup by Type
Whole Egg Powder
Egg Yolk Powder
Egg White Powder
Market Breakup by End Use
Bakery
Sauces, Dressings and Mixes
Others (Desserts, Dietary Supplements, Pharma, etc.)
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global egg powder market. Some of the major players explored in the report by Expert Market Research are as follows:
Sanovo Technology Group
Eurovo Srl
Kewpie Corporation
TM Ovostar
Pulviver
Others
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