The global egg powder market is set to witness growth at a CAGR of 4.9% and is anticipated to reach a valuation of around USD 2.6 Bn by 2032.
Because egg powder is a complete protein that is diet-friendly, lactose-free, and helps with muscle regeneration, its prospects are being strengthened by the expanding health and wellness trend. The lactose-free nature of egg powder has recently aroused interest as a possible substitute for whey substitutes derived from dairy.
The increasing popularity of protein powders can be linked to the growing trend of health and wellness, as leading companies in the industry have benefited from the quick growth of foods that are naturally high in protein. Top businesses in the sector are vying with one another to expand their sources of income by taking advantage of egg powder’s clean label reputation.
Further obscuring the boundaries of appropriate use for complete protein powders are pharmaceuticals and dietary supplements. As a result, the market participants now have additional opportunities for food processing and pharmaceuticals.
Discover a detailed summary of the report, encompassing market size, forecast, and research methodology. Access the sample report in PDF format @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14817
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 2032
- 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.
“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
Drive Your Growth Strategy: Purchase the Report for Key Insights@ https://www.futuremarketinsights.com/checkout/14817
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.
Request for our Comprehensive Research Methodology to Understand the Market@ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14817
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube