Egg Powder Market: By Type (Egg Albumen Powder, Egg Yolk Powder, Whole Egg Powder), Application (Bakery & Confectionery, Nutraceuticals, Sports Nutrition, Functional Foods, Beverages) and Region – Forecast Till 2023
Pune, India -- (SBWIRE) -- 02/02/2018 -- Market Overview:
The global egg powder market has been witnessing an impressive growth over the last few years. Raw eggs are spray dried to obtain a free-flowing powder. The water content of eggs is removed and the raw eggs are converted into a powdered form, which gives a longer shelf-life to the product. Egg powder is used in several industries including bakery and confectionery, food supplements, and many others. Additionally, the rising health-conscious population both in the developed and developing economies and growing use of egg powder in the functional food industry are pushing the global egg powder market towards a positive direction.
Egg powder is a convenient and economical alternative to raw eggs, which is driving the growth of the global egg powder market. Growing awareness among the population for the health benefits associated with egg powder consumption is propelling the growth of the market. Rising application of egg powder in the functional foods & beverages industry is bringing the surge to the egg powder market growth.
Additionally, the enhancement of the product development coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the egg powder market during the review period. However, increasing egg intolerance among the population is anticipated to hinder the market growth. The market players are responding to these new opportunities by expanding their product lines, which has boosted the share of the egg powder in the global market. The global egg powder market is expected to grow at a CAGR of 4.3% during the forecast period 2017-2023.
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The global egg powder market is segmented into type and application.
On the basis of the type, it is segmented into egg albumen powder, egg yolk powder, whole egg powder, and others. Among all, the whole egg powder segment is dominating the market followed by egg yolk powder.
On the basis of the application, it is segmented into bakery & confectionery, nutraceuticals, sports nutrition, functional foods, functional beverages, and others. Among all, the bakery & confectionery segment is dominating the market.
Major Key Players:
Adriaan Goede BV (the Netherlands)
Ovostar Union N.V. (the Netherlands)
Rose Acre Farms, Inc. (U.S.)
Bouwhuis Enthoven BV (the Netherlands)
Eierhandel Wulro B.V. (the Netherlands)
Henningsen Foods, Inc. (U.S.)
Interovo Egg Group BV (the Netherlands)
Rembrandt Enterprises, Inc. (U.S.)
Oskaloosa Food Products Corp. (U.S.)
Farm Pride Foods Limited (Australia)
The global egg powder market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is leading the global egg powder market followed by the Asia Pacific. In the European region, the U.K, Germany, and France are the major contributors to the egg powder market. High inclination towards consumption of food supplements among the U.S. population is driving the growth of the North American egg powder market.
However, the Asia Pacific region is expected to be the fastest growing region over the forecast period. India, China, and Australia are the major contributors to this region due to growing health awareness and increasing consumption of egg powder in several industries. Moreover, China is projected to register maximum CAGR during the forecast period in Asia Pacific region
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Egg powder market is segmented on the basis of type, and application.