PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534159
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534159
The Global Egg Powder Market is valued at approximately USD 970.81 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2024-2032. Egg powder, a fully dehydrated egg product made using a spray drying process, is noted for retaining most of the nutrients found in fresh eggs, including calcium and protein. The demand for egg powder is significantly driven by the need for convenient and long shelf-life ingredients, as contemporary consumers with hectic lifestyles increasingly prefer products that offer ease of use and extended durability. Egg powder, with its stable nature and ease of storage and transport, caters to this demand efficiently, proving advantageous for manufacturers in various sectors, notably food & beverage, by enhancing production efficiency and reducing challenges associated with perishability.
The market growth is further fueled by heightened awareness of the nutritional benefits of egg powder. It is recognized as a nutrient-rich source packed with high-quality protein, essential vitamins, and minerals, aligning perfectly with the dietary goals of health-conscious consumers. The increasing preference for protein-rich diets, particularly in regions where protein awareness is on the rise, underpins the market expansion. Beyond protein, egg powder is appreciated for its content of essential vitamins such as B12 and riboflavin, and minerals like iron and zinc, positioning it as a wholesome ingredient in diverse food formulations. Additionally, the growing demand for protein supplements prominently supports the market. As consumers increasingly seek protein-rich dietary options to enhance health and fitness, egg powder, especially egg white powder, gains prominence as a natural and high-quality protein source. Its low-fat content and complete amino acid profile make it an attractive choice for those focusing on muscle development, weight management, and overall well-being. This trend is bolstered by the convenience of incorporating egg powder into protein supplements, bars, and shakes, resonating with the on-the-go lifestyle of modern consumers.
However, the market faces significant restraints, including supply chain vulnerabilities and associated price volatility. Seasonal variations in egg production, disease outbreaks in poultry farms, and fluctuations in feed prices can disrupt the steady supply of eggs, impacting egg powder production costs and market availability. Furthermore, global factors such as weather-related events and geopolitical issues affecting trade exacerbate supply chain unpredictability, posing challenges for industry stakeholders. Moreover, allergenic considerations and the rising popularity of plant-based alternatives among certain consumer demographics present additional constraints, necessitating strategic product development and effective communication to address diverse dietary needs.
The Asia-Pacific region dominated the global market in 2022 and is expected to maintain its dominance during the forecast period. The substantial population in the region drives demand for diverse food products, including egg powder. Growing awareness of its nutritional benefits and a preference for convenient, shelf-stable food options further fuel market demand. The region's robust agricultural sector ensures a reliable source of eggs for powder production, while economic growth enhances consumer purchasing power, boosting consumption of value-added products like egg powder.