Egg Powder Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 

The global egg powder market is expected to be at a valuation of US$ 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year.

The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market size of egg powder by 2034, in terms of value, is forecast to be around US$ 4,843.5 million.

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives.

Furthermore, protein powders in the market were only available in whey and casein protein which are both dairy-based protein powders, making them unsuitable for people with dairy allergies. Egg powder, on the other hand, is lactose-free, making it an excellent alternative to dairy-based protein powders for many people with dairy allergies, driving up demand for egg powder.

Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals.

Information Source: https://www.futuremarketinsights.com/reports/egg-powder-market

Key Takeaways from Market Study

  • The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period.
  • The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period.
  • North America is inferred to account for 2/5th of the global egg powder consumption  through 2032
  • Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period
  • The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly.

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst.

Competitive Landscape

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings.

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities.

Egg Powder Market By Category

By Type, Egg Powder Market is Segmented as:

  • Whole Egg
  • Egg White
  • Egg Yolk

By End Use, Egg Powder Market is Segmented as:

  • Food & Beverages
    • Bakery
    • Confectionery
    • Sauces & Dressing
    • Others
  • Personal Care & Cosmetics
  • Pharma
  • Dietary Supplements
  • Animal Feed & Pet Food
  • HoReCa
  • Others

By Sales Channel, Egg Powder Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Egg Powder Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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