Int'l : +1(646) 600-5072 | query@kbvresearch.com
Published Date : 16-May-2024 |
Pages: 60 |
Formats: PDF |
The United States (US) Egg Powder Market size is expected to reach $246.28 Million by 2030, rising at a market growth of 3.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 5810.57 Tonnes, experiencing a growth of 3.3% (2019-2022).
The egg powder market in the United States has witnessed significant growth over the years, driven by various factors such as increasing demand for convenience food products, rising awareness about the nutritional benefits of eggs, and the expanding food processing industry. One of the key drivers of the egg powder market in the U.S. is the growing consumer demand for convenience food products. It is used in various food products such as bakery goods, pasta, sauces, and ready-to-cook meals, providing the desired taste and texture while enhancing the nutritional profile.
Moreover, the increasing awareness about the nutritional benefits of eggs has further propelled the demand for egg powder in the U.S. Eggs are rich in proteins, vitamins, and minerals, making them an essential component of a balanced diet. Egg powder retains these nutritional properties, allowing consumers to incorporate eggs into their diet without refrigeration or worry about shell breakage.
The COVID-19 pandemic has had a significant impact on the egg powder market in the U.S. Like many other industries, the food sector faced challenges such as supply chain disruptions, labor shortages, and fluctuating consumer demand during the pandemic. However, the demand for shelf-stable food products, including egg powder, increased as consumers stocked up on essentials and sought long-lasting food items amidst the uncertainty. Additionally, the pandemic shifted consumer preferences towards home-cooked meals and baking, as people spent more time indoors due to lockdowns and social distancing measures.
The food service industry in the United States has witnessed a significant expansion in the egg powder market in recent years. One key driver behind the growth of the egg powder market is the increasing demand for convenient and cost-effective food solutions in the food service sector. Egg powder offers several advantages over fresh eggs, including ease of storage, handling, and transportation. Food service establishments such as restaurants, bakeries, catering companies, and hotels find egg powder particularly appealing as it eliminates the need for cracking and separating eggs, saving both time and labor costs.
According to the U.S. Department of Agriculture, in 2021, the combined efforts of the food service and food retailing sectors in the United States contributed approximately $2.11 trillion to the economy through food supply. This figure rose to $2.39 trillion in 2022. When considering the egg powder market, specifically within the U.S., these industries play a crucial role in distributing and consuming egg powder products, facilitating a significant portion of the industry's transactions and contributing to its overall economic impact.
Moreover, the rising consumer preference for healthier and protein-rich food options has fueled the demand for egg powder in the food service industry. Eggs are renowned for their high protein content, essential vitamins, and minerals, making egg powder an ideal ingredient for enhancing the nutritional profile of various dishes. Food service operators are increasingly incorporating egg powder into menu items to cater to health-conscious consumers, including baked goods, sauces, dressings, and ready-to-eat meals.
Additionally, the versatility of egg powder allows for creative culinary innovations in the food service industry. U.S. chefs and food service professionals experiment with different formulations and recipes to develop unique dishes that appeal to evolving consumer preferences and dietary trends. Hence, the egg powder market's robust growth in the United States food service industry is driven by its convenience, cost-effectiveness, nutritional benefits, and versatility, catering to operational efficiencies and evolving consumer demands.
The egg powder market in the United States is witnessing a surge in supermarkets offering this versatile product. One of the key drivers behind the rising presence of egg powder in supermarkets is its versatility. Egg powder is a convenient alternative to fresh eggs, eliminating the need for cracking and handling fragile shells. This convenience factor appeals to busy U.S. consumers seeking efficient cooking solutions without compromising quality. Moreover, egg powder offers consistent quality and can be easily reconstituted with water, making it suitable for various culinary applications, including baking, cooking, and beverage production.
Supermarkets are capitalizing on the growing consumer interest in egg powder by stocking a wide range of products to meet diverse preferences and dietary requirements. From whole egg powder to egg white and egg yolk powders, supermarkets offer an extensive selection to cater to the needs of different customers, including home cooks, professional chefs, and food manufacturers. Additionally, supermarkets showcase egg powder as a convenient pantry staple, promoting its versatility and long shelf life to attract more Americans.
Furthermore, food manufacturers' increasing adoption of egg powder in the U.S. is driving its availability in supermarkets. Food manufacturers across various sectors, including bakery, confectionery, and food service, are incorporating egg powder into their formulations to enhance product consistency, extend shelf life, and streamline production processes. Thus, the growing demand for versatile and convenient cooking solutions has propelled the surge of egg powder offerings in supermarkets across the United States, appealing to a wide range of consumers and food manufacturers.
In the vast and complex food industry landscape, the egg powder market in the United States stands as a significant player, catering to various consumer needs and preferences. One prominent player in the U.S. egg powder market is Rose Acre Farms. With a history dating back to the 1930s, Rose Acre Farms has grown into one of the largest egg producers in the United States. The company operates multiple facilities nationwide, utilizing state-of-the-art technology to process millions of eggs daily. In addition to fresh eggs, Rose Acre Farms is a key player in the egg powder market, supplying high-quality egg powder to food manufacturers for use in various applications, including baked goods, pasta, and confectionery products.
Another notable company in the U.S. egg powder market is Rembrandt Foods. Founded in 2000, Rembrandt Foods has rapidly emerged as a leading producer of egg ingredients, including egg powder. The company boasts a vertically integrated business model, controlling every aspect of the production process, from egg production and processing to distribution. This vertical integration enables Rembrandt Foods to maintain strict quality control standards and ensure traceability throughout the supply chain, appealing to customers who prioritize food safety and transparency.
In addition to large-scale producers, the U.S. egg powder market includes smaller, specialized companies catering to niche industries and unique product requirements. For example, Nutra Food Ingredients specializes in organic and specialty egg products, including egg powder from cage-free and free-range eggs. This focus on organic and specialty ingredients aligns with growing consumer preferences for natural and ethically sourced food products, driving demand for Nutra Food Ingredients' offerings in the egg powder market.
Furthermore, the U.S. egg powder market has seen the emergence of innovative startups leveraging advanced technologies and sustainable practices to disrupt traditional production methods. One such company is Just, formerly known as Hampton Creek. Just gained prominence for its plant-based egg alternatives, but it has also ventured into the egg powder market with its innovative approach to food technology. These companies play vital roles in meeting the diverse needs of consumers and food manufacturers, driving innovation, and shaping the future of the food industry. With a focus on quality, sustainability, and innovation, companies in the egg powder market are poised to thrive in an increasingly competitive and dynamic industry landscape.
By End User
By Distribution Channel
By Type