The global powdered egg market will be driven by a CAGR of 4.8% during the forecast period 2021-2026
Expert Market Research’s new report titled “Global Egg Powder Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, gives an in-depth analysis of the global egg powder market , assessing the market on the basis of its segments like type, end-use, and major regions like Asia-Pacific, Europe, North America, Middle East, Africa, and Latin America. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click request a sample report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
• Historical market size (2020): 207,032 tonnes
• Forecast CAGR (2021-2026): 4.8%
• Forecast market size (2026): 274,287 tonnes
The growth of the global egg powder market is driven by the long shelf life and portability of the product. Egg powder is known to have a shelf life of 5-10 years and is not perishable, compared to whole eggs. Moreover, the benefits of powdered eggs, without any loss of nutritional values, have thus increased the popularity, thus contributing to the increase in demand in recent years. Additionally, the egg powder market is expected to be propelled by increasing end-use in the home cooking and food and beverage sector.
Industry definition and major segments
Egg powder is made by completely dehydrating eggs using spray drying. The advantages of powdered eggs over fresh eggs are lower weight per volume and longer shelf life. Powdered eggs are also called dried eggs.
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Based on types, the industry can be divided into:
• Whole egg
• Egg yolk
• Egg whites
It finds its end uses in the following industries:
• Pastry shop
• Sauces, dressings and mixes
Regional egg powder markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Regionally, North America and Europe are expected to dominate the global market owing to the popularity of the product. Additionally, robust advertising campaigns and marketing strategies are expected to aid in the growth of demand in the global egg powder market. However, Asia-Pacific is expected to show the highest growth rate and sustain the market growth owing to increasing spending on food and beverages and increasing penetration by major players. Additionally, the increasing use of packaged powdered eggs in bakeries and other end-use industries is likely to offer commendable growth opportunities over the forecast period.
Main market players
Major players in the market are Sanovo Technology A/S, EUROVO Srl, Kewpie Corp., ТМ Ovostar and Pulviver SPRL among few others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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