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Egg Powder Market Report by Type (Whole Egg Powder, Yolk Egg Powder, White Egg Powder), End Use (Bakery, Sauces, Dressings and Mixes, and Others), and Region 2024-2032

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    Report

  • 145 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5936116
The global egg powder market size reached US$ 1,943.3 million in 2023. The market is projected to reach US$ 2,767.1 million by 2032, exhibiting a growth rate (CAGR) of 4.01% during 2023-2032. The increasing research and development activities to discover new applications and formulations for the product, the rising governments initiatives promoting food security and food processing industries, the growing food service industry, and the escalating product use across the food industry are some of the factors propelling the market

Egg powder, a highly nutritious and versatile food ingredient, is produced using spray drying, effectively removing moisture from fresh eggs. This process results in a powdered form of eggs that boasts an impressive array of beneficial nutrients, including protein, calcium, minerals, and calories. It is an excellent choice for those seeking a lactose-free option, and it contains significantly lower levels of carbohydrates, cholesterol, and fat compared to whole eggs. One of the most significant advantages of egg powder is its extended shelf life, ensuring its storage longevity. Its remarkable binding and emulsion properties make it an exceptional substitute for raw eggs in various culinary creations. Whether baking, cooking, or whipping up a delightful dessert, it is an ideal alternative. Furthermore, its lightweight and non-perishable nature allows hassle-free transportation, making it an excellent option for outdoor enthusiasts, campers, and hikers. Its versatility extends beyond traditional egg-based dishes, making it an innovative and reliable ingredient for food industries and culinary enthusiasts.

The global market is majorly driven by the increasing demand for protein-rich and nutrient-dense food products. In line with this, the rising product adoption in the bakery and confectionery industry is significantly contributing to the market. Furthermore, the growing awareness among consumers regarding the health benefits of the product is creating a positive outlook for the market. Apart from this, the expanding applications in the food processing and ready-to-eat meal sectors are positively influencing the market. Moreover, the escalating vegetarian and vegan population seeking plant-based alternatives is catalyzing the market. Rapid technological advancements in spray drying methods for efficient production are offering numerous opportunities for the market. Besides, the longer shelf life and cost-effectiveness of the product are propelling its demand worldwide. Additionally, the increasing product use in the sports nutrition industry for muscle recovery and growth is providing a boost to the market. The rising popularity of egg-based protein supplements among fitness enthusiasts is providing an impetus to the market.

Egg Powder Market Trends/Drivers

Rising demand for gluten-free and allergen-free food products

The rising demand for gluten-free and allergen-free food products is strengthening the market. With an increasing number of individuals being diagnosed with gluten intolerance, celiac disease, and various allergies, there is a growing need for safe and alternative food options. Egg powder, a natural and gluten-free ingredient, has emerged as a sought-after solution for meeting these dietary requirements. Consumers with gluten sensitivities or allergies can find solace in this powder, as it is a valuable substitute for gluten-containing thickeners and binders commonly found in many processed food products. Its exceptional emulsifying and binding properties make it a versatile gluten-free baking and cooking ingredient. Furthermore, its allergen-free nature makes it a safe choice for individuals with various food allergies, such as dairy, soy, or nuts. This has led to increased adoption of the product in a wide range of food products, including baked goods, snacks, and ready-to-eat meals, catering to the growing demand for allergen-free options.

Growing product adoption by the pet food industry to improve animal nutrition

The growing product adoption by the pet food industry is a significant driver fueling the market's growth. Pet owners are increasingly conscious of their pets' nutrition and well-being, seeking high-quality and nutritious food options. With its rich protein content, vitamins, and minerals, Egg powder offers an ideal solution for enhancing animal nutrition. As an easily digestible and bioavailable source of essential nutrients, this powder can improve the overall health and vitality of pets. Its inclusion in pet food formulations can help support muscle development, strengthen bones, and boost the immune system. Moreover, its versatility allows it to be incorporated into various pet food products, such as kibble, treats, and supplements, offering a wide range of options to meet different dietary needs. As the pet food industry continues to experience steady growth and increased consumer demand for premium pet nutrition, its popularity is expected to accelerate. Manufacturers recognize its potential as a valuable ingredient, leading to innovative pet food formulations prioritizing animal health and nutrition. This trend is poised to drive the expansion of the market.

Escalating interest in functional and fortified food products

The escalating interest in functional and fortified food products is bolstering the product demand. Consumers increasingly seek food items beyond basic nutrition and offering additional health benefits. Functional foods, enriched with bioactive compounds and nutrients, are gaining popularity due to their potential to support overall well-being and address specific health concerns. The product aligns perfectly with this demand, as it is a nutrient-dense ingredient rich in proteins, vitamins, and minerals. Its incorporation into functional food formulations enhances the nutritional profile of the end products, making them more appealing to health-conscious consumers. Furthermore, its versatility allows it to be fortified with other bioactive ingredients, such as omega-3 fatty acids, antioxidants, and probiotics, enhancing its functional properties and promoting various health benefits.

Egg Powder Industry Segmentation:

The report provides an analysis of the key trends in each segment of the global egg powder market report, along with forecasts at the global and regional levels from 2023-2032. The report has categorized the market based on the type and end use.

Breakup by Type:

  • Whole Egg Powder
  • Yolk Egg Powder
  • White Egg Powder

Whole egg powder dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes whole egg powder, yolk egg powder, and white egg powder. According to the report, whole egg powder represented the largest segment.

The popularity and demand for whole egg powder are positively influencing the market. The product offers the convenience of a complete egg without refrigeration or cracking individual eggs. This ease of use has attracted various food industries, including bakeries, confectioneries, and ready-to-eat meal manufacturers, who can now efficiently incorporate the goodness of eggs into their products.

Moreover, the product's extended shelf life and non-perishable nature make it an ideal choice for domestic and industrial use, leading to increased adoption and market expansion. Its exceptional binding and emulsifying properties contribute to improved texture and consistency in various culinary creations. As consumers are becoming more health-conscious, the product's nutrient-dense profile, containing protein, vitamins, and minerals, appeals to those seeking nutritious food options. Additionally, its versatility enables it to be used in a wide range of recipes, making it a preferred ingredient for chefs and home cooks.

Breakup by End Use:

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

Bakery dominates the market

The report has provided a detailed breakup and analysis of the market based on the end use. This includes bakery, sauces, dressings and mixes, and others (desserts, dietary supplements, pharma, etc.). According to the report, bakery represented the largest segment.

The rising product demand in the bakery sector worldwide is catalyzing the market. Bakery products, from bread and pastries to cakes and cookies, often require eggs as a crucial ingredient for texture, structure, and flavor enhancement. However, using fresh eggs can be logistically challenging, and they may have limited shelf life, leading to potential wastage. This powder is an efficient solution for bakery industries, offering a convenient and long-lasting alternative to fresh eggs. It ensures consistent quality and reliable performance, eliminating concerns about egg availability and storage constraints.

Moreover, its ability to act as an emulsifier and binder enhances the baking process and yields excellent results, contributing to the overall appeal of bakery products. As the demand for bakery goods continues to rise globally, the bakery sector's increasing reliance on the product is propelling the market. The convenience, versatility, and extended shelf life of the product align perfectly with the bakery industry's requirements, making it a preferred choice and driving the market's sustained growth.

Breakup by Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

North America exhibits a clear dominance, accounting for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include Asia-Pacific, Europe, North America, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share.

North America has an increasing focus on convenience, health-consciousness, and the need for versatile food ingredients. This powder aligns perfectly with these preferences, offering a convenient and nutritious alternative to fresh eggs. The region's expanding food processing and ready-to-eat meal industries are major consumers of this powder, incorporating it into a wide range of products to enhance nutritional content and improve texture.

Additionally, the rising awareness of gluten-free and allergen-free diets in North America has increased product adoption in various food formulations. Furthermore, the presence of top companies and their efforts in product innovation, strategic partnerships, and marketing initiatives have contributed to the growth of the market in the region. As consumer demand for functional and fortified food products continues to rise, North America remains a key driver in driving market expansion.

North America enjoys the leading position in the market on account of the growing consumption of ready-to-eat (RTE) and processed food items in the region, which are made using egg powder.

Competitive Landscape

Top companies are strengthening market growth through their strategic initiatives and product innovations. These companies continuously invest in research and development to enhance the quality and functionality of egg powder products. By incorporating advanced technologies and production methods, they can efficiently meet the increasing demand for egg powder across various industries. These leading companies are also expanding their distribution networks to reach a broader customer base globally. They are establishing strong partnerships with retailers, wholesalers, and food service providers, ensuring wider availability and accessibility of their egg powder products. Moreover, these companies are actively promoting the product's nutritional benefits and versatile applications, creating awareness among consumers and food manufacturers. Through marketing campaigns and educational efforts, they drive the understanding of the product's advantages, leading to higher adoption rates and market expansion.

Competition Analysis

The report has provided a comprehensive analysis of the competitive landscape in the egg powder market. Detailed profiles of all major companies have also been provided.
  • Sanovo Technology Group
  • WEKO Eiproducten BV
  • Eurovo S.R.L.
  • Rembrandt Enterprises Inc.
  • Rose Acre Farms, Inc.
  • Kewpie Egg Corporation

Recent Developments:

In 2023, Sanovo Technology Group launched an innovative egg-breaking technology, BreakerPro. It is an egg breaker that offers the highest yield and most sustainable solutions.

In 2023, Eurovo S.R.L expanded its ProUp range. It is an inaugural dairy-free protein drink for the Italian market, obtained from the natural proteins found in egg whites and offered in four delectable flavors.

Key Questions Answered in This Report

1. What was the size of the global egg powder market in 2023?
2. What is the expected growth rate of the global egg powder market during 2024-2032?
3. What has been the impact of COVID-19 on the global egg powder market?
4. What are the key factors driving the global egg powder market?
5. What is the breakup of the global egg powder market based on the type?
6. What is the breakup of the global egg powder market based on the end use?
7. What are the key regions in the global egg powder market?
8. Who are the key players/companies in the global egg powder market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Egg Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Region
5.4 Market Breakup by End Use
5.5 Market Forecast
6 Global Egg Processing Market
6.1 Market Performance
6.2 Market Breakup by Product Type
6.3 Market Breakup by Region
6.4 Market Forecast
7 Global Egg Powder Market
7.1 Market Overview
7.2 Market Performance
7.2.1 Volume Trends
7.2.2 Value Trends
7.3 Impact of COVID-19
7.4 Price Analysis
7.4.1 Key Price Indicators
7.4.2 Price Structure
7.4.3 Price Trends
7.5 Market Breakup by Region
7.6 Market Breakup by Type
7.7 Market Breakup by End Use
7.8 Market Forecast
7.9 SWOT Analysis
7.9.1 Overview
7.9.2 Strengths
7.9.3 Weaknesses
7.9.4 Opportunities
7.9.5 Threats
7.10 Value Chain Analysis
7.10.1 Poultry Farms
7.10.2 Egg Processors
7.10.3 Distributors and Exporters
7.10.4 Retailers
7.10.5 End-Users
7.11 Porters Five Forces Analysis
7.11.1 Overview
7.11.2 Bargaining Power of Buyers
7.11.3 Bargaining Power of Suppliers
7.11.4 Degree of Rivalry
7.11.5 Threat of New Entrants
7.11.6 Threat of Substitutes
7.12 Key Market Drivers and Success Factors
8 Global Egg Powder Market: Performance by Region
8.1 Asia-Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 North America
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Global Egg Powder Market: Breakup by Type
9.1 Whole Egg Powder
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Yolk Egg Powder
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 White Egg Powder
9.3.1 Market Trends
9.3.2 Market Forecast
10 Global Egg Powder Market: Breakup by End-Use
10.1 Bakery
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Sauces, Dressings and Mixes
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others (Desserts, Dietary Supplements, Pharma, etc.)
10.3.1 Market Trends
10.3.2 Market Forecast
11 Global Egg Powder Market: Competitive Landscape
11.1 Competitive Structure
11.2 Key Players
12 Egg Powder Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
13 Project Details, Requirements and Costs Involved
13.1 Land Requirement and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Machinery
13.4 Plant Layout
13.5 Machinery Pictures
13.6 Raw Material Requirements and Expenditures
13.7 Raw Material and Final Product Pictures
13.8 Packaging Requirements and Expenditures
13.9 Transportation Requirements and Expenditures
13.10 Utility Requirements
13.11 Manpower Requirements and Expenditures
13.12 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing
15.4 Income Projections
15.5 Expenditure Projections
15.6 Taxation and Depreciation
15.7 Financial Analysis
15.8 Profit Analysis
16 Key Player Profiles
16.1 Sanovo Technology Group
16.2 WEKO Eiproducten BV
16.3 Eurovo S.R.L.
16.4 Rembrandt Enterprises Inc.
16.5 Rose Acre Farms, Inc.
16.6 Kewpie Egg Corporation
List of Figures
Figure 1: Global: Egg Powder Market: Major Drivers and Challenges
Figure 2: Global: Egg Market: Production Volume (in Million Tons), 2018-2023
Figure 3: Global: Egg Market: Production Value (in Billion US$), 2018-2023
Figure 4: Global: Egg Production Breakup by Region (in %), 2023
Figure 5: Global: Egg Consumption Breakup by End-Use (in %), 2023
Figure 6: Global: Egg Production Volume Forecast (in Million Tons), 2024-2032
Figure 7: Global: Egg Production Value Forecast (in Billion US$), 2024-2032
Figure 8: Global: Egg Processing Market: Consumption Volume (in Million Tons), 2018-2023
Figure 9: Global: Egg Processing Market: Breakup by Type (in %), 2023
Figure 10: Global: Egg Processing Market: Breakup by Region (in %), 2023
Figure 11: Global: Egg Processing Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 12: Global: Egg Powder Market: Consumption Volume (in Tons), 2018-2023
Figure 13: Global: Egg Powder Market: Consumption Value (in Million US$), 2018-2023
Figure 14: Global: Egg Powder Market: Average Prices (in US$/Ton), 2018-2023
Figure 15: Egg Powder Market: Price Structure Analysis
Figure 16: Global: Egg Powder Market Forecast: Averages Prices (in US$/Ton), 2024-2032
Figure 17: Global: Egg Powder Market: Breakup by Region (in %), 2023
Figure 18: Global: Egg Powder Market: Breakup by Type (in %), 2023
Figure 19: Global: Egg Powder Market: Breakup by End Use (in %), 2023
Figure 20: Global: Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 21: Global: Egg Powder Market Forecast: Consumption Value (in Million US$), 2024-2032
Figure 22: Global: Egg Powder Industry: SWOT Analysis
Figure 23: Global: Egg Powder Industry: Value Chain Analysis
Figure 24: Global: Egg Powder Industry: Porter’s Five Forces Analysis
Figure 25: Asia-Pacific: Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 26: Asia-Pacific: Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 27: Europe: Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 28: Europe: Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 29: North America: Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 30: North America: Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 31: Middle East and Africa: Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 32: Middle East and Africa: Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 33: Latin America: Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 34: Latin America: Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 35: Global: Whole Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 36: Global: Whole Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 37: Global: Yolk Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 38: Global: Yolk Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 39: Global: White Egg Powder Market: Consumption Volume (in Tons), 2018 & 2023
Figure 40: Global: White Egg Powder Market Forecast: Consumption Volume (in Tons), 2024-2032
Figure 41: Global: Egg Powder Market (Applications in Bakery): Consumption Volume (in Tons), 2018 & 2023
Figure 42: Global: Egg Powder Market Forecast (Applications in Bakery): Consumption Volume (in Tons), 2024-2032
Figure 43: Global: Egg Powder Market (Applications in Sauces, Dressings and Mixes): Consumption Volume (in Tons), 2018 & 2023
Figure 44: Global: Egg Powder Market Forecast (Applications in Sauces, Dressings and Mixes): Consumption Volume (in Tons), 2024-2032
Figure 45: Global: Egg Powder Market (Other Applications): Consumption Volume (in Tons), 2018 & 2023
Figure 46: Global: Egg Powder Market Forecast (Other Applications): Consumption Volume (in Tons), 2024-2032
Figure 47: Egg Powder Manufacturing Plant: Detailed Process Flow
Figure 48: Egg Powder Manufacturing Plant: Various Unit Operations Involved
Figure 49: Egg Powder Manufacturing Plant: Conversion Rates of Feedstocks (For 1 Ton of Egg Powder)
Figure 50: Egg Powder Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Figure 51: Egg Powder Manufacturing: Plant Layout
Figure 52: Egg Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 53: Egg Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 54: Egg Powder Manufacturing Plant: Breakup of Operational Costs
List of Tables
Table 1: Global: Egg Production: Key Industry Highlights, 2023 and 2032
Table 2: Global: Egg Processing Market: Key Industry Highlights, 2023 and 2032
Table 3: Global: Egg Powder Market: Key Industry Highlights, 2023 and 2032
Table 4: Global: Egg Powder Market Forecast: Breakup by Region (in Tons), 2024-2032
Table 5: Global: Egg Powder Market Forecast: Breakup by Type (in Tons), 2024-2032
Table 6: Global: Egg Powder Market Forecast: Breakup by End-use (in Tons), 2024-2032
Table 7: Global: Egg Powder Market: Competitive Structure
Table 8: Global: Egg Powder Market: Key Players
Table 9: Egg Powder Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 10: Egg Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 11: Egg Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 12: Egg Powder Manufacturing Plant: Machinery Costs (in US$)
Table 13: Egg Powder Manufacturing Plant: Raw Material Requirements and Expenditures (in Tons/Day)
Table 14: Egg Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Egg Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Egg Powder Manufacturing Plant: Capital Costs (in US$)
Table 17: Egg Powder Manufacturing Plant: Techno-Economic Parameters
Table 18: Egg Powder Manufacturing Plant: Income Projections (in US$)
Table 19: Egg Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Egg Powder Manufacturing Plant: Taxation (in US$/Year)
Table 21: Egg Powder Manufacturing Plant: Depreciation (in US$/Year)
Table 22: Egg Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 23: Egg Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 24: Egg Powder Manufacturing Plant: Profit and Loss Account (in US$)

Companies Mentioned

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

Methodology

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