Growing health conscious population and rising disposable income to drive global egg powder market through 2024
According to TechSci Research report, “Global Egg Powder Market By Type, By End Use, By Region, Competition, Forecast & Opportunities, 2024”, global egg powder market is expected to register growth during 2019-2024, on the back of multiple benefits served by powdered egg over normal eggs, such as its long shelf life and portability. The dehydrated nature of these eggs increases their shelf life without taking away the nutritional value of the product. Currently, the demand for egg powder is rising among personal care products, cosmetics, animal feed, and pet food products.
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In terms of type, global egg powder market has been segmented into whole egg powder, egg yolk powder and egg albumen powder. Among the types, whole egg powder accounted for majority of the market in 2018 and is expected to remain as the largest product type during the forecast period, owing to the higher requirement for whole egg powder over egg yolk or egg albumin powders, as most food products which require eggs often make use of whole eggs. For instance, pasta, brioche bread, cakes, cookies and egg noodles use whole eggs for preparation.
Regionally, global egg powder market has been categorized into North America, Europe, Asia-Pacific, South America and Middle East & Africa. In coming years, Asia-Pacific is anticipated to become the fastest growing region with the highest CAGR, owing to increasing demand for bakery and confectionery products. The region includes a truly massive consumer population with rising disposable income. These consumers are generating high demand for bakery products, a majority of which predominantly require the use of eggs, thus leading to exponential growth for the region.
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“Change in lifestyle and increasing health conscious population are expected to drive global egg powder market. Moreover, exceptional binding and emulsion capabilities of egg powered is resulted in it becoming a crucial element in countless applications of the food industry.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Egg Powder Market By Type, By End Use, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global egg powder market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global egg powder market.
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