Egg Powder Market Size 2024-2030: Avangardco, ?? Ovostar, IGRECA, SKM Egg Products, Bouwhuis Enthoven

According to MarkNtel Advisors study the Global Egg Powder Market size is estimated to touch USD 3.92 billion by 2030 and anticipated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Egg Powder market

Global Egg Powder Market Driver:

Escalating Demand for Egg Powder from Bakery and Confectionary Industry – There has been a significant rise in demand for bakery and confectionary goods such as cakes, pastries, cookies, waffles, chocolates, toffee, muffins, etc. among consumers. This is due to the changing lifestyle and high demand for convenience food across the globe. The fast-paced lifestyles of consumers have led to the higher adoption of bakery goods as they are considered ready-to-eat and go-to foods. In addition, different exotic fruit flavors and various claims such as clean labels, free from additives, made from whole grains, etc. further surge the growth of bakery and confectionary products among consumers across the globe.

In bakery product consumption, the preference of consumers is constantly evolving towards healthy, high protein, and low sugar products which has surged the demand for egg powder as a protein source. For Instance, in 2022, more than 53% of bakery products consumers prefer high-protein bakery products globally. Thus the ability of egg powder to provide a high amount of protein content to bakery and confectionery goods in addition to stability and texture has led to the rising adoption of egg powder in the bakery & confectionary industry. The rising demand for egg powder for high-quality product manufacturing is expected to augment the Egg Powder Market growth in forthcoming years.

Global Egg Powder Market Challenge:

Shifting Consumer Preference Towards Plant-Based Food Products – Consumers increasingly turn to plant-based alternatives from traditional animal-derived foods as they become more health-conscious and environmentally conscientious. The growing concerns about animal welfare and environmental sustainability are driving consumers towards the adoption of plant-based food items. In addition, various food manufacturers in the industry such as Nestle, EVO Foods, etc. are launching new plant-based formulations and egg alternatives which is further creating demand for plant-based food items. For Instance,

• In 2022, Nestle launched a new shelf-stable plant-based protein blend for egg dishes in a nutritious and affordable way.

Hence, the egg powders are manufactured from the dehydration of bird eggs and the growing demand for plant-based products is significantly posing a challenge to the growth of the Egg Powder Market in the forecast period.

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Scope of the Report and Egg Powder Market Segmentation:

By Type

• Whole Egg Powder- Market Size & Forecast 2019-2030, (Million Tons)
• Egg Yolk Powder- Market Size & Forecast 2019-2030, (Million Tons)
• Egg Albumin Powder- Market Size & Forecast 2019-2030, (Million Tons)
• Egg Powder Mix- Market Size & Forecast 2019-2030, (Million Tons)

By End User

• Commercial- Market Size & Forecast 2019-2030, (Million Tons)
  • Food & Beverages- Market Size & Forecast 2019-2030, (Million Tons)
    • Bakery & Confectionary Products- Market Size & Forecast 2019-2030, (Million Tons)
    • Sauces, Dressings & Mixes- Market Size & Forecast 2019-2030, (Million Tons)
    • Meat Products- Market Size & Forecast 2019-2030, (Million Tons)
    • Others (Noodles, Pasta, Desserts, etc.) - Market Size & Forecast 2019-2030, (Million Tons)
  • Personal Care & Cosmetics- Market Size & Forecast 2019-2030, (Million Tons)
  • Nutraceuticals& Pharmaceuticals- Market Size & Forecast 2019-2030, (Million Tons)
  • Others (Animal Feed & Pet Food)- Market Size & Forecast 2019-2030, (Million Tons)
• Residential- Market Size & Forecast 2019-2030, (Million Tons)

By Distribution Channel

• Online Sales Channel- Market Size & Forecast 2019-2030, (Million Tons)
  • Company Website- Market Size & Forecast 2019-2030, (Million Tons)
  • E-commerce Platform- Market Size & Forecast 2019-2030,         (Million Tons)
• Offline Sales Channel- Market Size & Forecast 2019-2030, (Million Tons)
  • Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, (Million Tons)
  • Departmental Stores - Market Size & Forecast 2019-2030, (Million Tons)
  • Convenience Stores- Market Size & Forecast 2019-2030, (Million Tons)
  • Other Sales Channel- Market Size & Forecast 2019-2030, (Million Tons)

Based on the end-user the commercial segment witnessed substantial growth in the Global Egg Powder Market during 2019-2030.

Egg Powder Market Development:

• 2022: Symrise, announced the acquisition of Schaffelaarbos, a company that produces sustainable egg proteins used as ingredients in pet food. Through this acquisition, the company aims to become a leading player in egg valorization, providing sustainable proteins to the pet food industry with a contribution to a positive circular food system globally.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

 The North American region is expected to hold a major share of the market owing to the increasing emphasis of consumers on healthy & active lifestyles, eating well, and exercising regularly.

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