Egg Powder Market to Witness 4.5% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report

Market Overview: Egg Powder Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Egg Powder Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Egg Powder Market Insights 2024-30

The Egg Powder Market is estimated to grow at a CAGR of around 4.5% during the forecast period 2024-30.

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Driving Innovation: Exploring the Egg Powder Market and its Key Drivers

Global Egg Powder Market Driver: Escalating Demand for Egg Powder from Bakery and Confectionary Industry

There has been a significant rise in demand for bakery and confectionary goods such as cakes, pastries, cookies, waffles, chocolates, toffee, muffins, etc. among consumers. This is due to the changing lifestyle and high demand for convenience food across the globe. The fast-paced lifestyles of consumers have led to the higher adoption of bakery goods as they are considered ready-to-eat and go-to foods. In addition, different exotic fruit flavors and various claims such as clean labels, free from additives, made from whole grains, etc. further surge the growth of bakery and confectionary products among consumers across the globe.

In bakery product consumption, the preference of consumers is constantly evolving towards healthy, high protein, and low sugar products which has surged the demand for egg powder as a protein source. For Instance, in 2022, more than 53% of bakery products consumers prefer high-protein bakery products globally. Thus the ability of egg powder to provide a high amount of protein content to bakery and confectionery goods in addition to stability and texture has led to the rising adoption of egg powder in the bakery & confectionary industry. The rising demand for egg powder for high-quality product manufacturing is expected to augment the Egg Powder Market growth in forthcoming years.

Top Players in the Egg Powder Market:

Avangardco, Ovostar, IGRECA, SKM Egg Products, Bouwhuis Enthoven, Eurovo, Ag Foods, Venkys, Farm Pride, Kewpie Corporation, Pulviver, Interovo Egg Group BV, Adriaan Goede BV, Wabash Valley, Rose Acre Farms, Wulvro BV, Others

Egg Powder Industry Recent Development:

• 2022: Symrise, announced the acquisition of Schaffelaarbos, a company that produces sustainable egg proteins used as ingredients in pet food. Through this acquisition, the company aims to become a leading player in egg valorization, providing sustainable proteins to the pet food industry with a contribution to a positive circular food system globally.

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Segmentation Analysis of Egg Powder Market

Egg Powder Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Type

-Whole Egg Powder

-Egg Yolk Powder

-Egg Albumin Powder

-Egg Powder Mix

• Out of them all, whole egg powder is anticipated to hold a major share of the market in the forecast period

By End User

-Commercial

–Food & Beverages

—Bakery & Confectionary Products

—Sauces, Dressings & Mixes

—Meat Products

–Others (Noodles, Pasta, Desserts, etc.)

–Personal Care & Cosmetics

–Nutraceuticals & Pharmaceuticals

–Others (Animal Feed & Pet Food)

-Residential

By Distribution Channel

-Online Sales Channel

–Company Website

–E-commerce Platform- Market Size & Forecast 2019-2030

-Offline Sales Channel

–Supermarkets/Hypermarkets

–Departmental Stores

–Convenience Stores

–Other Sales Channel

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

• The North American region is expected to hold a major share of the market owing to the increasing emphasis of consumers on healthy & active lifestyles, eating well, and exercising regularly.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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