The global egg powder market is experiencing a notable surge in demand, driven by its wide range of applications in dietary supplements, bakery items, pet food, and baby food, among others. As consumers and industries prioritize functional food products with longer shelf life, egg powder has emerged as a convenient and sustainable solution, offering the nutritional benefits of cage-free eggs.
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Nutritional Excellence and Versatile Functionality
Derived primarily through advanced spray drying technology, egg powder contains essential nutrients with a high biological value. According to the Food and Agriculture Organization (FAO), whole egg proteins have been rated at an impressive 93.7 out of 100. Moreover, egg powder's functional properties, such as thickening, emulsification, foaming, and moisturizing, make it a favored ingredient in various industries. Its extended shelf life of 5-7 years and excellent microbial safety further contribute to its popularity, providing ease of handling and storage.
Export-Friendly and Space-Efficient
One of the significant advantages of egg powder is its export-friendly nature, making it a preferred choice for global trade. Additionally, its smaller storage space requirement and reduced need for refrigeration make it an efficient and cost-effective option for industries worldwide. Fairfield Market Research predicts that the global egg powder market will continue to witness substantial growth throughout 2021 to 2025.
Egg Powder Amidst Bird Flu Outbreak
In recent years, the threat of bird flu has led to egg shortages and fluctuations in the market. With culling as a measure to contain outbreaks, the demand for chickens and egg products decreased significantly, impacting egg prices. As a result, food processors turned to egg powder to maintain consistent supplies and eliminate supply chain disruptions. This shift is expected to drive substantial revenue for egg powder during the forecast period.
Bakery Industry: Key Driver of Growth
The bakery industry plays a crucial role in propelling the growth of the global egg powder market. With its extensive application in bakery products, sauces, dressings, and baby food, egg powder has become an essential ingredient for achieving the desired texture and quality of the final products. Furthermore, the pet food and animal feed segments are expected to witness substantial growth, fueled by the rising awareness of pet diets and protein-fortified animal feed.
Asia Pacific: Leading Value Growth Region
Although egg powder is predominantly manufactured in the U.S., UK, China, India, and Japan, Europe remains the leading consumer globally. However, the region's growth is expected to be slower due to the increasing popularity of plant-based protein substitutes among the expanding vegan population. Conversely, Asia Pacific is projected to lead in value growth, driven by the region's thriving bakery industry, especially in countries like India.
Prominent Players in the Global Egg Powder Market
Leading players in the global egg powder market include SKM Egg Products, Ovostar Union N.V., Wulro Food Group (Dutch Egg Powder Solution), Pulviver, Igreca, Eggway, The VH Group (Venkys), Sanovo Egg Group, Oskaloosa Foods, and Ovobel Foods Limited.
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