The global egg white powder market is predicted to register a robust CAGR of 11% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 1,768 million in 2023 to US$ 5,071.5 million by 2033 end.
The market for egg white powder is anticipated to rise at a faster rate in the forecast year. Owing to its high biological value and abundance of minerals and vitamins, egg white powder is a common ingredient in many goods. Additionally, egg white powder is widely utilised as a stand-in for foods high in protein due to its longer shelf life than raw eggs. One of the main reasons for the increase in the product’s sales is the egg white powder’s numerous applications in ice cream, meat products, nutritional supplements, and other goods.
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The thriving nutraceuticals and dietary supplement industry is projected to drive the egg white powder industry forward. Egg white powder is widely used as a dietary supplement for its bioavailability and lactose-free content. Additionally, this powder contains low fat and carbohydrate content, which helps in robust muscle recovery post its consumption.
Egg white powder is also used in nutraceuticals, owing to its functional and nutritional benefits. The flourishing dietary supplements and nutraceuticals industry is anticipated to elevate the consumption of egg white powder as an essential nutritional and dietary supplement. For example, in June 2021, according to a news published by the Food Safety and Standards Authority of India (FSSAI), the sales of the India nutraceutical market are expected to reach US$ 18 billion by 2025.
Top Highlights from the FMI’s Analysis of the Egg White Powder Market:
- On the basis of market share, the United States is estimated to position itself at the top of the industry by attaining the maximum share of 2% in the global market. The dense presence of key players in the country is expected to support the country’s dominance at a global level.
- In the Asia Pacific region, Japan is expected to be a prominent shareholder of 1% in the forecast period. Growing health consciousness; and awareness of health benefits associated with egg white powder are fundamental aspects that are propelling the country’s growth.
- In the Europe region, Germany is expected to account for 2.9% percent of the market share. New launches and variants of the product gain huge acceptance in countries of Europe like Germany, which is bolstering the sales of egg white powder for better results in its different applications.
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New Developments as Observed by FMI
- Designer Protein, a company based in the United States, in October 2018, introduced Totally Egg Protein Powder. The company states that this is the first-ever protein powder that consists of important nutrients from the whole egg.
- Srinivasa Group, in July 2017, partnered with Hy-line International to extend its poultry footprint and also commence its chicken and egg-powder products manufacturing plants in Andhra Pradesh and Telangana, India.
Key Players in the Market
- Merck KGaA
- HiMedia Laboratories Pvt. Ltd.
- Kewpie Corporation
- NOW Health Group, Inc.
- Taiyo Kagaku Co. Ltd.
- Avangardco
- Sanovo
- IGRECA
- JW Nutritional, LLC
- Rembrandt Foods
- Rose Acre Farms
- Others
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Key Segments
By End Use:
- Food Processing
- Cosmetics & Personal Care
- Pharmaceuticals
- Dietary Supplements
- Beverage Processing
- Retail
By Grade:
- Food Grade
- Technical Grade
By Sales Channel:
- B2B
- B2C
- Store-based Retail
- Modern Trade
- Convenience Stores
- Specialty Sports Stores
- Online Retail
- Other Sales Channels
- Online Retail
- Store-based Retail
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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