Home > Pressrelease > Global Egg Protein Powder Market size worth over USD 10.85 billion by 2027
Global Egg Protein Powder Market size worth over USD 10.85 billion by 2027
- Published Date: February 23, 2022
According to a new research report by Global Market Insights Inc., the global Egg Protein Powder Market size is set to surpass USD 10.85 billion by 2027 pertaining the growing requirement for nutritious and protein-rich ingredients in dietary supplements, bakery products, and meat products.
Rapid growth in the bakery and meat production sector worldwide coupled with surging intake of dietary supplements should boost the product demand. Moreover, rising awareness about the health benefits offered by protein rich foods such as maintain weight, increases muscle mass & strength, and improve bone health is boosting the egg protein powder market share. Growing consumer focus on maintaining a healthy diet and leading active & healthy lifestyles is fueling the need for protein enrich food and beverages.
Increasing usage of egg protein powder in bakery products including cake, cookies, and bread will foster the need for whole egg powder
The whole egg powder type accounts for a significant share in the egg protein powder market and is anticipated to reach over USD 2.25 billion by 2027. Whole egg powder is pasteurized spray-dried product made from fresh eggs. The product is used as a vital ingredient in various bakery products including cake, cookies, and bread. Thus, wide-range application of whole egg powder products in bakery products is predicted to propel the product demand during the projected period.
It is used as a gelling, foaming, and emulsifying agent in bakery products and is primarily used as an alternative to fresh eggs. Whole egg powder is preferred over the fresh egg in bakery products pertaining to its longer shelf life, low price, and rich nutrition profile. High bakery product consumption due to escalating demand for convenience food products is anticipated to bolster the need for bakery ingredients such as whole egg powder.
Increasing use of whole egg powder in cookies, pasta, and crackers to improve quality is projected to boost whole egg protein powder market growth over the projected period. Moreover, emerging application of whole egg powder in commercial production of cake mix products offers a lucrative growth opportunity for whole egg powder manufacturers during the anticipated period.
High consumption of Ready-to-Cook meat products is anticipated to escalate product demand from meat products application
The meat products application reached USD 1.15 billion in 2020 and should grow with a CAGR of 5.7% during the anticipated period. Egg protein powder products are used in meat products to improve texture and as a nutrition enhancer to increase fat & protein content. It is added to processed meat products pertaining to its binding, thickening, emulsifying, & foaming ability, and moisture retention properties. Increasing egg protein powder usage as a vital ingredient in meat processing should drive the egg protein powder market growth over the projected period.
Growing demand for Ready-to-Cook (RTC) meat products due to convenience factor associated with the products and busy lifestyle of the consumers is predicted to boost the need for egg protein powder. Moreover, rising focus of meat producers on adding nutritional ingredients in the meat products to enhance its nutritional value and protein content is anticipated to offer growth opportunities for the egg protein powder market.
Browse key industry insights spread across 200 pages, 179 market data tables and 22 figures & charts from the report “Egg Protein Powder Market by Type (Whole Egg Powder, Egg Yolk Powder, Egg White Powder), By Application (Dietary Supplements, Bakery Products, Meat Products, Ice Creams) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2021- 2027” in detail along with the table of contents:
Well-established bakery industry In Europe should propel egg protein powder market
Europe egg protein powder business is likely to reach a value of over $3.65 billion by 2027. Egg protein powder products are prominently used in cakes and bread as it is readily digestible, consists of longer shelf life, and has high protein content. Thus, increasing bakery production will escalate the requirement for egg protein powder products during the projected period.
France, Germany, UK, Italy, Spain, Poland, Belgium, and Sweden are among the leading bakery producing countries in Europe. These countries have a well-established bakery sector characterized by the presence of many small, medium, and large-scale bakery producers operating in the market. Additionally, consumers in Europe are willing to spend more on bakery products that are enriched with protein ingredients.
Players in egg protein powder industry are implementing multiple strategies including distribution network expansion, and new product launch & development to sustain their position in the market. The major players include Agroholding Avangard, BNL Food Group, Bouwhuis Enthoven, GF Ovodry, Rembrandt Foods, Taj Agro Products, Rose Acre Farms, Taiyo Kagku, Eurovo Group, Alver, NOW Foods, Sanovo Technology Group, DEPS, and Sharrets Nutritions LLP, which play a significant role in egg protein powder market.
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