Egg Powder Food Market Overview:
The Egg Powder Food Market is expected to grow at a critical rate of 5.20% from 2020 to 2030, reaching a market value of USD 1,667.5 million by the end of 2030.
The rising demand for healthier, nutritional, and low-fat foods is a major driver of the egg powder market. Other market growth determinants include changing lifestyles, rising health consciousness, and rising demand for food and beverage consumption due to an ever-increasing population and rising personal disposable income. Rising awareness of the advantages of egg powder over regular eggs, such as its longer shelf life, will drive further growth in its market value. The growing demand for convenient functional foods will create even more lucrative growth opportunities for the egg powder market.
The Indian Egg Powder Food Market is primarily influenced by rising health consciousness, which has prompted shoppers to shift away from starch-rich diets and toward protein-rich diets. Aside from that, evolving lifestyles and rising earnings have prompted expanded wellbeing consciousness, increasing interest in egg powder. Egg powder is also extremely convenient to use due to its unique structure, which results in little to no product waste and no buildup after use. Furthermore, egg powder is widely used in health supplements and various skin and hair care products. Because of these variables, the market is expected to continue its moderate growth during the forecast period.
Because of lockdowns, business closures, and travel boycotts caused by the Coronavirus pandemic, this is likely to impact the food and beverage industry and the production network. Likewise, general innovative work and manufacturing process exercises will impact egg powder market development.
Market segmentation:
The global Egg Powder Food Market is segmented into types and end-users.
By types:
- Egg Yolk
- Whole Egg
- White Egg
By end-uses:
- Dressings, Sauces, and Mixes
- Bakery
- Others (Desserts, Pharma, Dietary Supplements, etc.)
Regional analysis:
The Asia Pacific egg powder market is expected to grow during the forecast period. The increased awareness of the benefits of egg powder, increased adoption of a healthy lifestyle, and the increased demand for lower caloric and healthier food items all contribute to the growth. Furthermore, increasing population and personal disposable income are expected to support regional market growth. China and India are expected to contribute significantly to the Asia Pacific egg powder market. This is due to the high growth potential of these emerging economies.
The North American egg powder market is expected to expand during the forecast period. The growing number of specialty stores selling protein-rich nutritional supplements in developed markets is expected to drive regional market growth. Furthermore, the increasing lactose intolerance among the North American population can make meeting the body's daily protein requirements difficult. As a result of the high protein content of egg powder, the regional market is expected to grow.
Competitive Analysis:
The global Key Egg Powder Food Market Players are:
- Adriaan Goede BV (Netherlands)
- Ovostar Union N.V. (Netherlands)
- Rose Acre Farms, Inc. (US)
- Bouwhuis Enthoven BV (Netherlands)
- Eierhandel Wulro B.V. (Netherlands)
- Kewpie Corp. (Japan)
- Interovo Egg Group BV (Netherlands)
- Rembrandt Enterprises, Inc. (US)
- Oskaloosa Food Products Corp. (US)
- Agro holding Avangard (Cyprus)
Recent developments:
- Srinivasa Group partnered with Hy-line International in July 2017 to expand poultry chicken product manufacturing plants in Telangana and Andhra Pradesh.
- Designer Protein, U.S. launched Totally Egg Protein Powder in October 2018. The company claims that this is the whole egg's vital nutrient.
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