The global egg powder market is expected to be at a valuation of USD 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year.
The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market size of egg powder by 2034, in terms of value, is forecast to be around USD 4,843.5 million.
Egg Powder Market Trends & Analysis
Report Attribute | Details |
---|---|
Egg Powder Market Size (2024) | USD 1,934.2 million |
Market Anticipated Forecast Value (2034) | USD 4,843.5 million |
Market Projected Growth Rate (2024 to 2034) | 9.6% CAGR |
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The global egg powder market was valued at USD 1,476.3 million in 2019. Historically, the egg powder market grew at a CAGR of around 8.94% during the period between 2019 and 2023.
The powdered egg product market expanded during this period owing to rising consumer preference for sugar-free, gluten-free, and fat-free food. Moreover, the extensive use of egg powder in cosmetics and personal care products as a natural ingredient to enrich skin and hair also contributed to the growth of the market.
Attributes | Details |
---|---|
Egg Powder Market Value (2019) | USD 1,476.3 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 8.94% CAGR |
Egg powder satisfies the requirements of customers with dietary restrictions by acting as an allergen-free replacement for raw eggs. Moreover, as an important component of many food items and organic personal care items, egg powder has gained traction in many new industries that are fueling the expansion of the market.
The online sales channel for egg powder would contribute significantly to driving the market's revenues, given the increasing number of egg powder suppliers that have built stores on prominent internet retailing websites.
Despite its low revenue share compared to traditional retailing channels, integrated online sales platforms, modifications in the online purchasing experience for consumers, shipping, and a broader variety of online payment systems are expected to favor the market growth.
The table below lists the countries that are expected to witness higher growth rates in the consumption of egg powder.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 7.2% |
Germany | 13.2% |
Japan | 6.8% |
India | 13.8% |
China | 8.5% |
The egg powder market in the United States is predicted to rise throughout the forecast period with a CAGR of 7.2%.
The egg powder production market in Germany is forecasted to register a CAGR of 13.2% through the projected years.
The egg powder or dried egg products industry of China is likely to expand at a rate of 8.5% per year over the forecast period.
Demand for egg powder in Japan is projected to increase at a moderate rate of 6.8% per year from 2024 to 2034.
Sales of egg powder in India are predicted to increase at a higher rate of 13.8% per year between 2024 and 2034.
Based on product type, the egg white powder segment is anticipated to account for 35.8% of the revenue share in 2024.
Attributes | Details |
---|---|
Top Product Type or Segment | Egg White Powder |
Total Market Share in 2024 | 35.8% |
Among different end users, the food and beverage sector is estimated to create 43.2% of the total demand for egg powder in 2024.
Attributes | Details |
---|---|
Top End User Segment | Food & Beverage Sector |
Total Market Share in 2024 | 43.2% |
This segment is expected to be driven by the growing appeal of egg powder to a lot of chefs, home bakers, and food producers. This appeal is consequent of it being a versatile ingredient in the cooking of a plethora of recipes.
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The market dynamics of powdered egg products are turning competitive gradually with the introduction of affordable equipment for spray-drying of eggs.
The competitors in the market are expected to keep an eye on emerging opportunities as food processing firms seek to unleash the protein-rich profile of clean-label ingredients to appeal to a growing pool of health-conscious customers.
New manufacturers and suppliers of egg powder are using innovation and product diversification to capture a significant share of market revenues. Furthermore, multiple developments have aided companies' advances in the egg powder application overview, with producers concentrating on new and creative egg powder flavors.
Recent Developments in the Global Egg Powder Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 1,934.2 million |
Projected Market Size (2034) | USD 4,843.5 million |
Anticipated Growth Rate (2024 to 2034) | 9.6% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Product Type, By Sales or Distribution Channels, By End Use Verticals, and By Region |
Key Companies Profiled | Avangardco; Ovostar Union N.V.; IGRECA; Bouwhuis Enthoven; Eurovo Group; venkys; A.G. Foods; Jiangsu Kangde Egg Industry Co., Ltd.; Farm Pride; Kewpie; Pulviver; Interovo Egg Group BV |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global egg powder market is estimated to be around USD 1,934.2 million in 2024.
The global egg powder market is to grow at 9.6% during the forecast period.
The global egg powder market is predicted to be valued at USD 4,843.5 million by 2034.
The global egg powder market was valued at USD 1,476.3 million in 2019.
India is predicted to witness a CAGR of 13.8% in sales of egg powder through 2034.
Estimated Market Size (2024E) | USD 14.1 billion |
---|---|
Projected Market Value (2034F) | USD 28.6 billion |
Value-based CAGR (2024 to 2034) | 7.3% |
Market Size Value in 2023 | USD 1,768 million |
---|---|
Market Forecast Value in 2033 | USD 5,071.5 million |
CGAR (2023 to 2033) | 11% |
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