The global sales of sugared egg yolk market are anticipated to grow at a CAGR of around 4.5% to 6% during the forecast period from 2022 to 2032. Growth in the market is driven by rising demand for sugared egg yolks across various industries such as foodservice, dairy, frozen desserts and household.
| Report Attribute | Details |
|---|---|
| Sugared Egg Yolk Market Projected Growth Rate (2022 to 2032) | 4.5% to 6% CAGR |
Practice of modifying properties of food products and increasing their shelf life has always been a top priority of food manufacturers. Various additives, salts and other ingredients are being increasingly incorporated into food products to enhance their shelf life.
Sugared egg yolks are processed egg yolks containing sugar, used for making a variety of food items like confections and sauces. These sugared egg yolks are made by mixing fresh egg yolks with crystalline sugar.
After mixing sugar, these egg yolks are then pasteurized to avoid contamination by harmful microorganisms. Adding sugar to egg yolks helps to avoid crystallization, improves shelf life and flavor, and aids in retaining moisture.
The sugared egg yolks contain various essential nutrients such as proteins, vitamins, minerals, and are generally available in liquid and frozen forms. Rising adoption of sugared egg yolks for preparing a variety of food products such as ice creams, cookies, cakes, pastries etc. is the major factors boosting the sales of sugar egg yolks during the foreseeable future.
Leading manufacturers are continuously innovating their products to meet the customer requirements. They are launching various new products with different packaging. Besides this, they are moving towards online shopping platforms to increase their sales.
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Growing popularity of sugared egg yolks due to their extended shelf life, changing lifestyle and food habits of people, and rapid expansion of end-use verticals such as bakery and confectionery industry are some of the major factors driving the global sugared egg yolk market.
Sugared egg yolks are being increasingly used for making various bakery and confectionery products such as biscuits, cakes, muffins, pastries, bars, fondants etc. These processed sugared egg yolks improve the texture and flavor of products. Rising production and consumption of these bakery and confectionery items will continue to boost the sales of sugared egg yolks during the forecast period.
Adoption of sugared egg yolks enable manufacturers of food and bakery industries to develop a variety of food products without compromising the quality of end products. Sugared egg yolks have the ability to blend easily with other ingredients.
They have proved effective in maintaining the moisture content of baked goods and extending their shelf life due to their high viscosity and stability properties. Rising focus of food manufacturers to develop products with superior texture, taste, appearance and nutrients is anticipated to fuel the adoption of sugared egg yolks in the future.
Similarly, increase in the number of retail industry sectors such as supermarkets, hypermarkets, convenience stores and specialty stores is also positively impacting the growth of sugared egg yolk market.
Although sugared egg yolk has numerous ends uses, there are numerous obstacles likely to pose a challenge to market growth. Some of these factors are the increasing usage of fresh egg yolks for making various food products and low availability of sugared egg yolk in some emerging economies.
Various food and bakery manufacturers prefer to use fresh eggs over sugared egg yolks to reduce overall costs. This is becoming a major factor restraining the growth of sugar egg yolk market.
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With increasing demand for bakery and confectionary items and heavy presence of food manufacturing companies, the North American sugared egg yolk market is poised to exhibit string growth during the forecast period from 2022 to 2032.
Rising inclination towards consuming health foods across nations like the United States and Canada is triggering the sales of bakery products and the trend is likely to continue in the future. Most of the bakery and confectionery manufacturers across these regions prefer to use sugared egg yolks due to their various features including extended shelf life, ability to retain moisture and better microbial protection.
Expansion of food and bakery industries across North America will continue to push the sales of sugared egg yolks in the future.
According to Future Market Insights, Asia Pacific is set to grow at a faster CAGR over the forecast period, owing to the rapid expansion of food industry, increasing consumption of bakery items and increase in the number of sugared egg yolk manufactures.
Countries like India, China and Malaysia are witnessing huge demand for bakery products due to busy lifestyle, increasing population, rising disposable income and influence of western culture. Increasing consumption of bakery items such as cakes, muffins, biscuits etc. Will continue to generate sales prospects for sugared egg yolks across the Asia Pacific during the forecast period.
Moreover, growing popularity of packaged food and bakery products along with increasing spending on purchasing products from online channels is projected to further expand the sugared egg yolk market size in the future.
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Some of the key participants present in the global sugared egg yolk market include Rembrandt Enterprises, SKM Best Eggs, Dalian Hanovo Foods Co., Ltd., Zeagold Foods, Frutex Australia Pty Ltd., OVOBEST Eiprodukte GmbH & Co. KG, Ballas Egg Products Corporation, Crystal Lakes LLC.
These key market players are constantly adopting growth strategies such as new product launches, collaborations, partnerships, establishment of new branches in attractive markets, and move towards online shopping platforms to gain a competitive edge in the market
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as AkzoNobel and Dow Chemical Company account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% to 6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Form, End Use, Distribution channel, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
Rembrandt Enterprises; SKM Best Eggs; Dalian Hanovo Foods Co., Ltd.; Zeagold Foods; Frutex Australia Pty Ltd.; OVOBEST Eiprodukte GmbH & Co. KG; Ballas Egg Products Corporation; Crystal Lakes LLC |
| Customization | Available Upon Request |
FMI projects the global sales of sugared egg yolks to grow at around 4.5% to 6% CAGR over the forecast period.
Asia Pacific is expected to emerge as the most opportunistic market for sugared egg yolks during the forecast period.
Rembrandt Enterprises, SKM Best Eggs, Dalian Hanovo Foods Co., Ltd., Zeagold Foods, Frutex Australia Pty Ltd. are some prominent sugared egg yolk manufacturers
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