“Global Egg Powder Market to reach a market value of USD 1.2 Billion by 2030 growing at a CAGR of 5.0%”
The Global Egg Powder Market size is expected to reach $1.2 billion by 2030, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 29,143.19 tonnes, experiencing a growth of 4.6% (2019-2022).
Egg powder is used in facial masks and scrubs for its exfoliating properties. It promotes a smoother and healthier complexion by helping to eliminate dead skin cells, clear clogged pores, and nourish the skin with vital nutrients. Consequently, the personal care & cosmetics segment would generate approximately 7.64 % share of the market by 2030. Egg powder is included in hair masks and treatments to provide an extra boost of nutrients. It is often combined with other natural ingredients for deep conditioning and repairing damaged hair.
Home bakers may not always have fresh eggs readily available. Egg powder provides a reliable alternative, eliminating the need for frequent grocery store visits and allowing individuals to bake or cook whenever inspiration strikes. Thus, because of the rise of home baking and cooking, the market is anticipated to increase significantly.
Additionally, The protein content in egg powder makes it an ideal ingredient for products catering to muscle recovery and sports nutrition. Athletes and fitness enthusiasts seek protein-rich supplements, and egg powder provides a natural and convenient source for such applications Hence, increasing health and wellness products has been a pivotal factor in driving the growth of the market.
However, Egg powder manufacturers often face challenges associated with the volatility of raw material costs, particularly feed costs for egg-producing poultry. Fluctuations in feed prices can lead to unpredictable production costs, impacting profit margins for manufacturers. Therefore, high price volatility of egg powder is a significant challenge that hampers the growth of market.
Based on end user, the market is classified into food & beverage, nutraceutical, pharmaceutical, personal care & cosmetics, and animal feed. In 2022, the food & beverage segment witnessed the 42.13 % revenue share in the market. Egg powder is a key ingredient in producing cakes, pastries, cookies, and other baked goods. Its role in providing structure, moisture, and leavening properties is crucial for achieving desirable characteristics in these products. Its incorporation into dairy desserts contributes to a smoother mouthfeel and improved overall quality.
On the basis of distribution channel, the market is divided into hypermarkets & supermarkets, specialty stores, online sales channel, and business to business. The specialty stores segment garnered a significant 24.13 % share in the market in 2022. Specialty stores often have a focused assortment of products within a specific category. This allows them to prioritize and showcase egg powder prominently, providing consumers with a specialized selection of options. This hands-on experience allows consumers to taste or experience the versatility of egg powder, encouraging them to incorporate it into their cooking and baking routines.
By type, the market is categorized into whole egg powder, egg yolk powder, and egg albumen powder. In 2022, the whole egg powder segment held the 41.7 % revenue share in the market. Whole egg powder is a crucial ingredient in cakes and pastries, providing structure, moisture, and aeration. It enhances the quality of cookies and biscuits’ texture, color, and flavor. In the savory food industry, whole egg powder improves the texture and consistency of soups and sauces. Whole egg powder produces pasta and noodles to provide firmness, elasticity, and texture.
Free Valuable Insights: Global Egg Powder Market size to reach USD 1.2 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a significant 30.13% share in the market. The North American processed food industry, including bakery, confectionery, and ready-to-eat meals, relies on egg powder for its versatility and ease of incorporation. Egg powder can be used in formulations catering to consumers with egg allergies or those seeking plant-based alternatives, contributing to its increased use in North America.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 844.1 Million |
| Market size forecast in 2030 | USD 1.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.0% from 2023 to 2030 |
| Number of Pages | 346 |
| Number of Table | 750 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Distribution Channel, Type, End User, Region |
| Country scope |
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| Companies Included | The Kerfoot Group Limited (Avril Group), AU Natural Organics, Kewpie Corporation, Igreca SAS, Bouwhuis Enthoven BV (Van Beek Group B.V.), Sunrise Agriland Development and Research Private Limited, Wabash Valley Produce, Oskaloosa Food Products Corporation, Farm Pride Foods Ltd., EGGWAY International Asia Pvt. Ltd. |
By End User (Volume, Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $1.2 billion by 2030.
Rise Of Home Baking And Cooking are driving the Market in coming years, however, High Price Volatility Of Egg Powder restraints the growth of the Market.
The Kerfoot Group Limited (Avril Group), AU Natural Organics, Kewpie Corporation, Igreca SAS, Bouwhuis Enthoven BV (Van Beek Group B.V.), Sunrise Agriland Development and Research Private Limited, Wabash Valley Produce, Oskaloosa Food Products Corporation, Farm Pride Foods Ltd., EGGWAY International Asia Pvt. Ltd.
In the year 2022, the market attained a volume of 29,143.19 tonnes, experiencing a growth of 4.6% (2019-2022).
The Hypermarkets & Supermarkets segment is leading the Market, by Distribution Channel in 2022 there by, achieving a market value of $473.1 Million by 2030.
The Asia Pacific region dominated the Market, by Region in 2022 there by, achieving a market value of $452.3 Million by 2030, growing at a CAGR of 5.4 % during the forecast period.
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