Egg Powder Market

Egg Powder Market - Overview

The global egg powder market is expected to expand at a healthy rate from 2021 to 2031 (forecast period). The global egg powder market is projected to gain from the increasing need for packaged and storable food. Moreover, the high demand for better, more nutritious, and low-fat foods is a major aspect likely to drive the expansion of the egg powder market. Growing awareness of the advantages of egg powder over normal eggs, such as its longer shelf life, is expected to boost the global market. Furthermore, increasing demand for convenient functional foods is projected to generate profitable growth prospects for the egg powder market. Strong promotional efforts and marketing strategies are also anticipated to assist demand growth in the global egg powder market.

Egg Powder Market - Competitive Landscape

Prominent players in the global egg powder market are Pulviver Sprl (U.K.), Rose Acre Farms, Inc (U.S.), Ovostar Union N.V. (the Netherlands), Adriaan Goede B.V., and SKM Egg Products Export (India) Ltd.

To expand their global reach, key market players are continuing to pursue inorganic marketing tactics such as collaborations, acquisitions, technological innovations, investments, and R&D activities.

Egg Powder Market - Trends and Opportunities

Egg powder has a 5 to 10 years shelf life when stored in an airtight container and is non-perishable. Unlike real eggs, which are prone to cracking, it is easily transportable and does not need refrigeration. Such factors are projected to boost the global egg powder market during the forecast period.

Moreover, the increasing demand for confectionery food items as a result of growing urbanization, an expanding working population, and rising personal spending power is expected to propel the global egg powder market. Furthermore, the rising health consciousness among people, combined with the well-known health benefits of eggs, such as strengthening bones and teeth, supporting weight loss, and enabling nerve cell growth, are likely to positively impact the use of egg powder in desserts, cookies, and other functional bakery recipes.

Egg powder is dry, which decreases the possibility of bacterial contamination. This, combined with increased worries about food-borne infections and waste associated with raw eggs, is anticipated to fuel the growth of the global egg powder market. In addition, the growing popularity of gym culture is boosting the need for protein-based diets, which is expected to propel the global egg powder market growth.

Egg Powder Market - Regional Landscape

The egg powder market in Asia Pacific is expected to grow during the forecast period. The growth is due to the increasing adoption of a healthy lifestyle, more awareness of the advantages of egg powder, and increased demand for healthier and lower caloric food items. Moreover, expanding population and increased personal disposable income are projected to support the regional market growth. China and India are anticipated to make significant contributions to the egg powder market in Asia Pacific. This is due to the good growth potential displayed by these rising economies.

Furthermore, due to the region's high production, firms are focusing on processing eggs into egg powder to meet the growing demand from the food industry. This aspect is projected to drive egg powder sales over the forecast period.

The egg powder market in North America is likely to witness growth during the forecast period. The growing number of specialty stores selling protein-rich nutritional supplements in developed markets is expected to drive the regional market growth. Moreover, the increasing lactose intolerance among the population in North America can make it difficult to meet the body's daily protein requirements. As a result, the regional market is expected to expand since egg powder contains a lot of protein.