According to Future Market Insights (FMI), Global Dried Eggs Market size was estimated at more than US$ 2 Bn in 2021. As per the study, the dried egg market is expected to witness a prominent CAGR of 8.2% to reach a valuation of US$ 4.56 Bn by the year 2031.
Growing demand for longer shelf life of eggs as it allows for more time to transport and sell the product while reducing waste is expected to boost the market, estimates Future Market Insights.
Demand in the market is projected to increase as dried eggs products have lower prices and are easily available in the market. Hence, egg manufacturers need to manage food spoiling risks at all stages of the manufacturing and distribution processes, resulting in a demand for raw eggs with a longer shelf life.
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Product mobility at the retail level, resulting in fewer markdowns, is enabled by longer shelf life. This is expected to drive the demand for dried eggs over the forecast period of 2022 to 2032.
Better merchandising due to reduced product perishability is driving the sales and therefore, leading to a rise in demand for dried eggs products having a shelf life of 5 to 10 years.
Key Takeaways:
- Dried eggs market is expected to grow at a notable CAGR of 8.2% on the back of growing consumption of protein-based compounds in personal care and cosmetics.
- North America is projected to dominate the global dried eggs market, holding more than 25% of the market share, followed by Europe.
- The US, the U.K., and China are anticipated to dominate the global market of dried eggs, holding a significant market share of more than 30% through 2032.
- India is projected to spearhead the growth of South Asia dried eggs market, accounting for 59.1% of overall sales
“Growing demand for convenience food, such as dried eggs, due to the growing urban population and hectic lifestyles that include less eating time are the major factors propelling the sales” – lead analyst at FMI.
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Who is winning?
Companies operating in the dried eggs market are likely to redirect management efforts and capital into those parts of the organization, resulting in both strategic acquisitions and divestitures.
For example, Michael Foods Inc., a manufacturer and distributor of foodservice goods and culinary components, completed the acquisition of Henningsen Foods, America’s largest processor of value-added egg products, from Kewpie Corporation in 2020.
Some of the leading companies offering Dried eggs are Interovo Egg Group BV, Sanovo Technology A/S, Agroholding Avangard, Venky’s (India) Limited, Kewpie Corporation, Rose Acre Farms, Rembrandt Enterprises, Michael Foods, Inc., Ballas Egg Products Corp., Henningsen Foods, Wulro BV, and Others.
Market Segments Covered in Dried Egg Industry Analysis
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
- Retails/Household
- Convenience Stores
- Discount Stores
- Grocery Stores
- Modern Trade
- Online Retail
- Specialty Food/Sports Stores
- Wholesalers
- Other Sales Channel
By region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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Key Questions Answered in the Report
- How much is the Dried Egg Market current worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- How are the top market players reacting to the market?
- Which are the major countries driving demand for Dried Eggs Market?
- Who are the major players in Dried Eggs Market?
- What outlook does Europe provide?
- At what rate will the U.S. Dried Eggs Market grow?
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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