The global egg powder market is expected to be at a valuation of US$ 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year.
The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market size of egg powder by 2034, in terms of value, is forecast to be around US$ 4,843.5 million.
Egg Powder Market Trends & Analysis
- Egg powder fits well with customers’ growing demand for high-protein food alternatives as a concentrated source of dietary protein. So, egg powder manufacturers as well as its end users are focused on developing products with more protein components to address the recent shift in taste and preference of customers.
- Egg powder is lactose-free, making it an excellent alternative to dairy-based protein powders for many people with lactose intolerance or allergies. Several studies have further revealed the positive environmental effects of processing eggs into powder form for reducing food wastage.
Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives.
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The growth in protein powder consumption may be attributed to the rising health & wellness trend, with top market players capitalizing in on the rapid expansion of naturally high-protein foods. Leading companies in the industry are competing to grow their revenue streams by leveraging the clean label profile of egg powder.
Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals.
“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from Market Study
- The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period.
- The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period.
- North America is inferred to account for 2/5th of the global egg powder consumption through 2034
- Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period
- The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly.
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Competitive Landscape
Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings.
This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities.
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Egg Powder Market By Category
By Type, Egg Powder Market is Segmented as:
- Whole Egg
- Egg White
- Egg Yolk
By End Use, Egg Powder Market is Segmented as:
- Food & Beverages
- Bakery
- Confectionery
- Sauces & Dressing
- Others
- Personal Care & Cosmetics
- Pharma
- Dietary Supplements
- Animal Feed & Pet Food
- HoReCa
- Others
By Sales Channel, Egg Powder Market is Segmented as:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region, Egg Powder Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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 over 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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