The global dried eggs market size is slated to surpass a valuation of US$ 2,080 million in 2023. It is projected to hit a valuation of US$ 4,719.6 million by 2033. The market is anticipated to register a striking CAGR of 9% from 2023 to 2033.
Dried eggs have a long shelf life than fresh eggs due to the lack of moisture. They don’t need refrigeration, making storage and transportation easy. Additionally, they may be reconstituted with water as required, offering a practical substitute for fresh eggs, particularly in circumstances where refrigeration or availability of raw eggs is constrained. These beneficial attributes have escalated the demand for dried eggs across the food industry.
Key Drivers of Egg Market Growth:
- Shifting Consumption Patterns: Developing countries such as Argentina, Brazil, and India are undergoing a notable shift in dietary preferences, transitioning from carbohydrate-based foods like rice and grains to protein-rich options including fish, meat, and eggs. This change in consumption patterns is a pivotal factor influencing the food market, triggering an increased demand for eggs and egg-based products.
- Impact on Food Market: The shift towards protein-based foods has a profound impact on the food market, contributing to the surge in demand for eggs and egg-related products. This shift not only stimulates domestic markets but also influences the global import and export dynamics of dried eggs.
- Boost in Egg Production: The heightened demand for eggs has led to a substantial increase in egg production, reflecting the adaptability of the industry to evolving consumer preferences.
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Food production, baking, and other culinary activities all benefit from the usage of dried eggs. Without the need to break and separate fresh eggs, they offer a regular and dependable source of egg products and are simple to include in recipes. Since they may be used in so many different ways, dried eggs are a common ingredient in both commercial and domestic food preparation.
The growing global population is resulting in increased egg and egg-based product consumption, which is driving the market’s growth. In the coming years, the increasing applications of dried eggs across food, cosmetics, and personal care industries are likely to bolster the market’s expansion.
Dried eggs can be less expensive than fresh eggs since they are frequently offered in large quantities. Their usage depends upon requirement, which further adds to the cost-effectivity and wastage reduction caused by fresh eggs. Because of this, they are an excellent choice for people who wish to reduce their food expenses.
Compared to fresh eggs, dried eggs may be affordable, depending on the location and particular conditions. Dried eggs might be a cost-effective alternative, for instance, in regions with high transportation costs or if fresh eggs are pricey or in short supply. Such factors are expected to spike dried egg demand and aid market growth.
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Regional Market Dynamics:
- North America Dominance: The dried egg market in North America commands a significant share, accounting for more than 30.2% of the global production. This region’s stronghold in the market emphasizes the robust demand for dried eggs and egg-based products.
- East Asia Expansion: The East Asia market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 11.4%. The region’s focus on egg processing into dry form is a strategic response to the escalating demand from the food industry.
Industry Outlook:
The global egg market is experiencing a period of transformative growth, driven by evolving dietary habits and an increasing inclination towards protein-rich foods. As dried egg producers concentrate on meeting the escalating demand, the industry anticipates sustained expansion and market dominance
Recent Developments Observed by FMI:
- Eggsentials, a new shelf-stable dried whole-egg bead from Ovation Foods, was introduced in February 2022. The new product was introduced to enhance nutritional intake.
- Ise-Suzuki Egg, the fifth-large producer of eggs in Japan, joined India’s market in February 2022. The firm began operations by producing one lakh eggs per month, increasing production every six months.
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Dried Eggs Market Segmentation
By Product Type:
- Whole Eggs
- Egg Whites
- Egg Yolk
By End-use Application:
- Food Processing Industry
- Bakery & Confectionery
- Creamy Sauces
- Ice cream and Frozen Desserts
- Mayonnaise
- Noodles & Pasta
- Salad Dressings
- Others
- Food Service Providers
- Retail/Households
- Convenience Stores
- Discount Stores
- Modern Trade
- Grocery Stores
- Online Retail
- Specialty Food/Sports Stores
- Wholesalers
- Other Sales Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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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