Further, the demand for egg powder has increased significantly due to the growing need for storable or packaged food. The rising need for healthier, nutritional and low-fat food is a major factor fostering the growth of the egg powder market. Increasing awareness regarding the benefits of egg powder over regular eggs, such as extended shelf life, will further increase its market value. Rising demand for convenient functional food will additionally create lucrative growth opportunities for the egg powder market.
Based on type, the egg powder market is segmented into Whole Egg Powder, Egg Yolk, Egg Albumen and Egg Powder Mix. Whole egg powder holds the largest market share; it is one of the essential ingredients in most bakery products and is used extensively across the globe. Whole egg powder has great importance for the food industry concerning food handling and food safety. It also has the functions of foaming, gelling, and emulsifying. Bakers favor using egg powder instead of whole eggs, owing to multiple reasons such as longer shelf life and ease in shipping and transportation.
Besides, Egg powders are used in many industries such as Food and Beverages, Cosmetics and Personal Care, Dietary Supplements, Pharmaceuticals and others. The demand for egg powder is increasing at a robust growth rate, especially in developed countries like Europe, the USA and Japan. It is used on bakeries, confectionery, meat products, sauces and dressings. As per our analysis, The Global Egg Powder Industry is likely to grow at a CAGR of 3.88% from 2020-2027.
However, the egg powder market is witnessing increased demand from the cosmetics segment in the Asia Pacific, as it offers various skincare-related benefits. Worldwide the demand for protein-based ingredients in personal care and cosmetic products is increasing. Serum, face wash, shampoo, cream, soap, face mask, and other products are incorporated with egg powder.
Moreover, in North America and Europe, the increasing number of speciality stores of protein-rich dietary supplements in developed markets is anticipated to witness considerable growth of the egg Yolk powder market in these regions. The growing lactose intolerance among the population across North America and Europe can result in difficulties in maintaining the body's daily protein needs, which is expected to boost the demand for egg Yolk powder in this region as egg Yolk powder contains a great amount of protein. The Worldwide Egg Powder Market Size was estimated at US$ 1.8 Billion in 2020.
COVID-19 pandemic has affected industries and economies in many countries due to lockdowns, business shutdowns and travel bans. This is likely to hit the food & beverages industry, and the supply chain is likely to get affected. In addition, the overall research and development, manufacturing processes activities will also impact egg powder market growth. The main key players operating in the global egg powder market are Eurovo S.R.L., Ovostar Union N.V., Kewpie Egg Corporation, Sanovo Group and Farm Pride Foods.
This latest report “Egg Powder Market, Global Forecast By Product (Whole Egg Powder, Egg Yolk, Egg Albumen and Egg Powder Mix), Application (Food and Beverages, Cosmetics and Personal Care, Dietary Supplements, Pharmaceuticals and others), Region (Europe, North America, Asia Pacific, South America, Middle East and Africa), Company Analysis (Eurovo S.R.L., Ovostar Union N.V., Kewpie Egg Corporation, Sanovo Group and Farm Pride Foods.)” provides a detailed analysis of Worldwide Egg Powder Industry.
Product - Market have been covered from 5 viewpoints:
1. Whole Egg Powder2. Egg Yolk Powder
3. Egg Albumen Powder
4. Egg Powder Mix
5. Other
Application - Market have been covered from 5 viewpoints:
1. Food and Beverages2. Cosmetics and Personal Care
3. Dietary Supplements
4. Pharmaceuticals
5. Others
Region - Market have been covered from 5 viewpoints:
1. North America2. Europe
3. Asia Pacific
4. South America
5. Middle East and Africa
Company Insights:
- Overview
- Company Initiatives
- Sales Analysis
Companies Covered:
1. Eurovo S.R.L.2. Ovostar Union N.V.
3. Kewpie Egg Corporation
4. Sanovo Group
5. Farm Pride Foods
What is the estimated value of the Global Egg Powder Market?
What is the growth rate of the Global Egg Powder Market?
What is the forecasted size of the Global Egg Powder Market?
Who are the key companies in the Global Egg Powder Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 2.35 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Eurovo S.R.L.
- Ovostar Union N.V.
- Kewpie Egg Corporation
- Sanovo Group
- Farm Pride Foods
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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