Global Egg Powder Market Report and Forecast 2023-2028
Bharat Book Bureau Provides the Trending Market Research Report on “Global Egg Powder Market Report and Forecast 2023-2028”under Food Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The global Egg Powder Market attained a value of USD 1,347.6 million in 2022. Aided by the growing demand for convenient protein sources, the market is projected to further grow at a CAGR of 6.9% between 2023 and 2028 to reach a value of USD 2,054.1 million by 2028.
Eggs that have been entirely dried are known as powdered eggs. These are typically produced via spray drying, similar to powdered milk. The lower weight per volume of the same whole egg and the extended shelf life of powdered eggs over fresh eggs are their key advantages. Egg powder is easy to use, non-perishable, doesn't need refrigeration, and can be conveniently carried.
Due to the rising need for packaged and storable food, egg powder consumption has greatly expanded. They reduce the possibility of spoiling and, when kept in a cold, dry atmosphere, can last for an extended period of time. Egg powders are also easy to mix with other ingredients. One of the primary factors driving the egg powder market expansion is the rising demand for confectionery food items due to rapid urbanisation, an increase in the working population, and rising consumer spending power.
Additionally, the use of egg powder in desserts, cookies, and other useful bakery recipes is being positively influenced by the rising health consciousness among people along with the benefits of eating eggs, which include promoting weight loss, encouraging the growth of nerve cells, and strengthening teeth and bones. Egg powder is sold in a variety of types to accommodate different dietary preferences and tastes. Since they are less expensive, food makers and restaurants prefer powdered eggs than fresh ones.
Egg powders are also useful in regions or circumstances when it is difficult to find fresh eggs. The demand for egg powder has increased as a result of the fact that it is lactose-free and a great substitute for protein powders made from dairy for those who have a dairy allergy, thereby aiding the egg powder market growth. Most protein powders are based on whey and casein, both of which are derived from dairy, making them unsuitable for those who are allergic to dairy.
Furthermore, egg protein powder is used in the personal care sector to make shampoos and conditioners because it reduces dryness and damage to the hair by hydrating and shielding hair from heat and pollution damage. Along with other personal care products, egg powder is used to create moisturisers, sunscreen, and face cleansers. Accordingly, the egg powder market is expected to be driven in the coming years by an increase in cosmetic and personal care spending due to the rise in the number of working women.
Market Segmentation
The market can be divided on the basis of type, end use, and region.
Market Breakup by Type
•Whole Egg Powder
•Egg Yolk Powder
•Egg White Powder
Market Segmentation by End Use
•Bakery
•Sauces, Dressings and Mixes
•Others (Desserts, Dietary Supplements, Pharma, etc.)
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global egg powder market companies. Some of the major key players explored in the report by Our Research are as follows:
•Sanovo Technology Group
•Eurovo Srl
•Kewpie Corporation
•TM Ovostar
•Pulviver
•Others
Browse our full report with Table of Content : https://www.bharatbook.com/report/1391938/global-egg-powder-market-report-and-forecast
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