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Egg Powder Market Size to Hit USD 2,767.1 Million by 2032 | Grow CAGR by 3.9%

12-10-2024 11:04 AM CET | Food & Beverage

Press release from: IMARC Group

Egg Powder Market Size to Hit USD 2,767.1 Million by 2032 | Grow

Summary:
• The global egg powder market size reached USD 1,943.3 Million in 2023.
• The market is expected to reach USD 2,767.1 Million by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
• North America leads the market, accounting for the largest egg powder market share.
• Whole egg powder accounts for the majority of the market share in the type segment due to its versatility and ability to replicate the functional properties of fresh eggs in a wide range of food applications, making it a preferred choice for food manufacturers.
• Bakery holds the largest share in the egg powder industry.
• The increasing demand for convenience foods in urban areas is a primary driver of the egg powder market.
• Growth in the global foodservice and hospital industry, along with the rising adoption of egg-based protein supplements in health and fitness sectors are reshaping the egg powder market.

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Industry Trends and Drivers:

Rising Demand for Convenience Foods and Extended Shelf Life:

Egg powder's extended shelf life and ease of storage have made it a preferred choice for food manufacturers, particularly in the bakery and confectionery industries. The demand for convenience foods is growing rapidly due to changing consumer lifestyles, urbanization, and increased disposable income. Egg powder is a versatile ingredient in products like cakes, cookies, and sauces, driving its adoption across various segments. In 2024, these factors are expected to further strengthen as manufacturers focus on reducing wastage and enhancing food security, making egg powder an integral part of the food supply chain.

Growing Popularity of High-Protein Diets

The global trend toward health and wellness has significantly boosted the demand for high-protein diets, propelling the growth of the egg powder market. Fitness enthusiasts, athletes, and health-conscious consumers increasingly favor egg powder as a source of high-quality protein due to its ease of use and compatibility with various recipes. In 2024, this trend is likely to expand with the growing penetration of protein supplements and fortified foods in emerging markets. Egg powder manufacturers are leveraging this shift by introducing organic and clean-label products, aligning with consumer preferences for healthier options

Expanding Applications in Non-Food Sectors

Beyond the food and beverage industry, egg powder is gaining traction in non-food sectors such as cosmetics and pharmaceuticals. Its functional properties, including emulsification and foaming, make it an essential ingredient in products like face masks, hair care formulations, and certain medications. This diversification of applications is creating new revenue streams for egg powder manufacturers. By 2024, innovations in product formulation and strategic partnerships across industries are expected to fuel the market's growth, positioning egg powder as a key component in diverse market verticals.

Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=958&flag=C

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Whole Egg Powder
Yolk Egg Powder
White Egg Powder

Whole egg powder dominates the market as it offers the full nutritional profile and functional properties of fresh eggs, making it a versatile ingredient widely used across various food industries.

Breakup by End Use:

Bakery
Sauces, Dressings and Mixes
Others (Desserts, Dietary Supplements, Pharma, etc.)

Bakery holds the maximum number of shares as egg powder offers consistent quality, extended shelf life, and ease of handling, making it an ideal ingredient for large-scale bakery production.

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

North America holds the leading position owing to a large market for egg powder driven by due to its well-established food processing industry, high demand for convenience foods, and advanced logistics infrastructure for food distribution.

Top Egg Powder Market Leaders:

Sanovo Technology Group
WEKO Eiproducten BV
Eurovo S.R.L.
Rembrandt Enterprises Inc.
Rose Acre Farms Inc.
Kewpie Egg Corporation

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

About Us

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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