Egg Powder Food Industry-Overview

The egg powder market has expanded considerably due to the poultry industry's extraordinary success over the last decade. The simplicity associated with the use and convenience afforded by egg powders has greatly expanded the market's size. As per MRFR, the market is estimated to attain a CAGR of 4.78% leading to incomes worth USD 1,395.5 million by 2024.

The market is noted to be boosted by the intensifying demand for food products with high nutritional value, and the aspect of intensifying health consciousness among consumers is encouraging the sales of egg powder food in the global market. Furthermore, as consumers depend more on restaurant-prepared, semi-prepared, and other convenience food options, egg powder makers will profit from this situation.

Competitive Analysis

The established competitors are responsible for the key share in the egg powder market globally. The established players are observed to be following certain strategies to maintain their consumer base to contend with the new players entering into the egg powder market. These firms are concentrating on new product launches, product promotions, and acquisition of similar businesses to grow their geographical presence and customer base. Furthermore, the companies are motivated towards process improvisations and solidification of their marketing base. The principal market competitors in the egg powder market globally are Pulviver Sprl (U.K), Ovostar Union N.V (the Netherlands), SKM Egg Products Export (India) Ltd., Adriaan Goede BV (the Netherlands), Rose Acre Farms, Inc (U.S.), Bouwhuis Enthoven B.V. (the Netherlands), Rembrandt Enterprises, Inc. (U.S.), IGRECA SA (France), Agroholding Avangard (Cyprus), and Interovo Egg Group B.V (the Netherlands) among others.

Segmental Analysis

The Egg Powder Food Industry segmentation is conducted based on type, application, and region. The Egg Powder Food Industry is segmented into food and drinks and individual consumption based on application. Based on type, the Egg Powder Food Industry is segmented into egg yolk powder, egg yolk powder, and egg white powder. Based on regions, the Egg Powder Food Industry is segmented into Asia-Pacific, North America, Europe, and other regional markets.

Detailed Regional Analysis 

The regional examination of the Egg Powder Food Industry is segmented into Asia-Pacific, North America, Europe, and other regional markets. The European region's Egg Powder Food Industry is anticipated to be predominant. The collective use of egg powder in the cooking industry is a central factor driving market growth in the region. Progress in the food handling business and the high production of egg products are also supporting the provincial market's development. The egg powder market in Asia-Pacific is anticipated to grow at the fastest rate throughout the forecast period, owing to the region's rapid growth in chicken farming and rising consumption of egg-based foods.

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Industry Updates:

Dec 2021 Every Company has raised a further $175 million for its precision fermentation egg protein in an oversubscribed Series C fundraising round, bringing its total funding to more than $230 million. According to the company, the oversubscribed Series C reflects the rising demand for animal-free protein as well as the expanding interest in the precision fermentation market. Every, formerly Clara Foods, intends to utilize the funds to expand manufacturing and investigate new applications for its vegan ClearEgg. The business also intends to investigate more proteins in eggs to reproduce using its innovative fermentation process. ClearEgg, unlike the mung-bean-based Just Egg, is not an omelet alternative. It is, instead, a flavorless and odorless protein powder designed to improve the nutritional quality of foods. Its primary application at the moment is in beverage enhancement.

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