South America Egg White Powder Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Grade, Distribution Channel and Indirect, and Application Food Processing, Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, and Others

Food Processing Segment to Dominate SAM Egg White Powder Market during 2020-2027

According to a new market research study on “SAM Egg White Powder Market Forecast to 2027 - COVID-19 Impact and Analysis - by Grade (Food Grade and Technical Grade), Distribution Channel (Direct/(B2B) and Indirect), and Application (Food Processing, Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, and Others)” the market is expected to reach US$180.36 million by 2027 from US$103.14 million in 2019; it is expected to grow at a CAGR of 7.5% from 2020 to 2027. The report provides trends prevailing in the SAMegg white powder market, and the drivers and restraints pertaining to the market growth. Growing awareness among population about high-protein dietis the major factor driving the growth of the market in SAM. Moreover, the urbanization levels in the SAM region has increased significantly. It is anticipated that approximately 90% of the population in the region will live in urban areas by 2050. Increasing urbanization would be a result of higher disposable income, which would further enable the South American mass to demand various types of healthy and quality products in terms of food, cosmetics as well as dietary supplements. Moreover, the youth population of South American countries is inclined towards fast and processed food products, which, in turn, is anticipated to create substantial business opportunities for the egg white powder market players. However, cost volatility of raw materials and risk of contamination associated with egg white powder hinder its growth. Moreover, the COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. Brazil has the highest number of COVID-19 cases, followed by Peru, Ecuador, Chile, and Argentina, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of SAM will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

The market for egg white powder is segmented into grade, distribution channel, and application. Based on grade, the market is segmented into food grade, technical grade. In 2019, the food grade segment held the largest share of SAM egg white powder market. Based on distribution channel, the egg white powder market is divided into direct/(B2B) and indirect. Indirect distribution channel is expected to the fastest growing segment over the forecast period. Based on application, the egg white powder market is segmented into food processing, pharmaceuticals, cosmetics and personal care, dietary supplements, and others. Food processing segment held the largest share in 2019 and it is projected to continue its dominance over the forecast period.

Agroholding Avangard, Bouwhuis Enthoven, Wulro BV, Kewpie Corporation, Oskaloosa Foods, Rose Acre Farms, Rembrandt Foods and Ovostar Union NVare among the leading companies in the SAMegg white powder market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Rose Acre Farms’ Jen Acre Egg Farm partnered with the Jennings County Jail, which inmates an opportunity to gain work experience and financial stability before being released from custody. The company does these inmates not only to help fill open positions, but they also increase productivity at the farm.

The report segments the SAMEgg White Powder Market as follows:

SAM Egg White Powder Market - By Grade

• Food Grade
• Technical Grade

SAM Egg White Powder Market - By Distribution Channel

• Direct/(B2B)
• Indirect

SAM Egg White Powder Market - By Application

• Food Processing
• Pharmaceuticals
• Cosmetics and Personal Care
• Dietary Supplements
• Others

SAM Egg White Powder Market - By Country

• Brazil
• Argentina
• Rest of SAM

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