Egg Powder Market is Projected to Grow with a CAGR of 9.6% During Forecast Period by 2034 | Future Market Insights Inc.

NEWARK, Del., July 31, 2024 /PRNewswire/ -- The global egg powder market value in 2019 was USD 1,476.3 million and it increased with a CAGR of 8.94% till 2023. According to FMI estimates total revenue from the sales of egg powder in 2024 is likely to be USD 1,934.2 million.

The global sales of egg powder are expected to rise at a promising CAGR of 9.6% for the forecast period. The market report further predicts the global egg powder industry to be worth USD 4,843.5 million by 2034.

Consumer desire for food items that are shelf-stable and can be easily transported is the key factor for the growing popularity of egg powder. Convenience-driven eating choices resulting from busy lives are also driving the sales of egg powder in the retail sector.

The market for sports nutrition is also driving the demand for egg powder as it satisfies the dietary requirements of athletes and fitness enthusiasts. In addition to this, the extended shelf life of egg powder lowers food waste, in line with conscious customer preferences and international environmental objectives.

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How Is Interest Of Customer For "Free-From" Label Augmenting Sales Of Egg Powder?

Healthy and 'free-from' products have always piqued the interest of both customers and food and beverage manufacturers globally. Additionally, due to its protein-rich, meat-free composite, egg powder's allergen-free profile has been and will continue to be a selling point for the product.

The competitors in the egg powder market are expected to keep an eye on the opportunities appearing in East Asia as food processing firms seek to unleash the protein-rich profile of clean label ingredients to appeal to a growing pool of health-conscious customers.

Key Takeaways from the Egg Powder Market Study Report

 "The egg powder sales are expected to rise promisingly during the forecast period owing to their long shelf life, application in multiple end-use products, and ease of handling. Moreover, rising demand for "free-from" products is projected to allow manufacturers to take advantage of this opportunity to develop new products in the egg protein powder market." says  Nandini Roy Choudhury, Client Partner at Future Market Insights.

Country-Wise Insights

How is the Sales of Egg Powder in the U.S. Shaping?

The egg powder market in the United States is predicted to rise throughout the forecast period, owing to an increase in the number of specialty stores providing protein-rich dietary supplements in developed markets, which is expected to fuel regional market expansion.

Furthermore, the country reports a high percentage of its population to be lactose intolerant, thus meeting the body's daily protein requirements may become more challenging. As a result, considering egg powder is high in protein, the demand for the product is predicted to grow in the country over the forecast period.

Why is Consumption of Egg Powder in China Surging?

Due to increasing awareness of the health benefits of egg powder and the adoption of a healthy lifestyle resulting in increased demand for healthier and lower-calorie food items, the egg powder market in China is likely to rise over the forecast period.

Furthermore, the country's market growth is expected to be supported by increased personal disposable income and a rising population. Because of the strong growth potential of their economies, China is expected to make major contributions to the egg powder market in East Asia.

In addition, due to the country's large output, businesses are concentrating on egg processing into egg powder to meet the ever-increasing demand from the food & beverage industry. This factor is expected to drive egg powder sales in China throughout the forecast period.

Why is there a Rising Demand for Egg Powder in Germany?

In addition to exports, the European Union market consumes the majority of powdered eggs and their products. Consumers in Germany are accustomed to high-quality, hygienic, and nourishing products made in the nation, increasing consumption of healthy bakery products across the country, which is expected to fuel demand for egg powder over the projected period.

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Competitive Landscape for the Egg Powder Market Participants

The market is highly competitive as many traditional food processing industries entered the egg powder production sector to capitalize on its growing popularity. However, leading market players still hold a significant share of the overall market with extensive supply chains and long-term partnerships with different end use industries.

Recent Developments by the Egg Powder Industry Players

Stakeholders in Nigeria's egg production industry are mobilizing support for the Dried Egg Powder Project's expansion. They rallied at the Stakeholders' Meeting of the FUNAAB-TETFund Project on Diversification of Egg Marketing and Egg Powder Production (DEMEPP) in November 2023. This call to action was given at the Federal University of Agriculture, Abeokuta (FUNAAB) to position Nigeria as the premier egg processing hub in West Africa.

In October 2023, Healthy Hey Nutrition introduced a 100% egg white protein in chocolate flavor. The company claims it to be made from non-GMO or hormone-treated hen eggs and is lactose-free making it suitable for a wide range of consumers.

Key Players Profiled in the Egg Powder Market Report

Key Segments Covered by Egg Powder Industry Survey Report

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About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analysing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Authored by:  

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.    

She has exceptional analytical skills and often brings thought leadership to the table.   

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.  

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.   

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.   

Have a Look at Related Research Reports of Food and Beverage Domain

The egg white powder market is projected to settle at USD 1,768 million by the end of 2023. As per Future Market Insights (FMI), the growth rate for the forecast period is estimated to be 11% CAGR. By 2033 end, the market is assessed to surpass the market valuation of USD 5,071.5 million.

The eggshell membrane powder market is registering a valuation of USD 1.4 billion in 2023. The market is rising to USD 5.3 billion by 2033. The market is securing a CAGR of 13.1% during the forecast period.

The global Egg and Egg Products Market is expected to reach market valuation of USD 12.3 Bn by the year 2022, accelerating with a CAGR of 7.0% by 2022-2032. Egg sales are likely to account for ~44.7% of the overall protein market, which is anticipated to be valued at USD 27.5 Bn by 2022 end.

The global egg replacement ingredient market size is projected to increase from USD 1,399.2 million in 2024 to USD 2,478.2 million by 2034. Global sales of egg replacement ingredients are anticipated to expand with a CAGR of 5.9% over the assessment period.

The Egg Wash Substitute market is expected to grow at a CAGR of 5.6%. The market value projected to increase is from USD 1,224.9 Million in 2022 to USD 2,112.3 Million by 2032. The Egg Wash Substitute market was valued at USD 1,156.7 Million at the end of 2021 and is projected to exhibit Y-o-Y growth of 5.9% in 2022.

The global egg albumin protein sector is estimated to be worth USD 1.6 billion in 2024 and is projected to reach a value of USD 2.8 billion by 2034, expanding at a CAGR of 7.3% over the assessment period of 2024 to 2034.

The egg protein market is anticipated to be USD 8,895.73 million in 2023. The market's growth is estimated to be steady from 2023 to 2033, with a CAGR of 6.7%. By the end of the forecast period in 2033, the market valuation is expected to reach USD 17,048.18 million.

The global dried eggs market size is projected to exhibit astounding growth during the forecast period from 2023 to 2033. According to the research report published by Future Market Insights, the global market is poised to surpass a valuation of USD 2,080 million in 2023. It is predicted to reach a valuation of USD 4,719.6 million by 2033. The market is predicted to capture a remarkable CAGR of 9% from 2023 to 2033.

The global plant-based eggs market is expected to be valued at USD 122.8 million in 2023 and to reach a valuation of USD 684.3 million by 2033. The demand for plant-based eggs is estimated to grow at a steady 18.7% CAGR, with the United Kingdom, the USA, China, and India emerging as key producers.

The global egg white cubes market is anticipated to reach USD 296.3 Million in 2022 and exhibit steady growth at a CAGR of 4.2% in the forecast period from 2022 to 2032. Surging development of egg protein powder with various flavors, such as strawberry, vanilla, and chocolate is a major factor that is set to push the global market.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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