Egg Powder Food Market Report Access, Competitive Analysis and Forecast to 2030
Egg Powder Food Market-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 Egg Powder Food Market is
estimated to attain a CAGR of 5.20% leading to incomes worth USD 1,667.5 Million
by 2030.
The Egg Powder Food 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.
Segmental Analysis:
The Egg
Powder Food Market Research segmentation is conducted based
on type, application, and region. The egg powder food market is segmented into
food and drinks and individual consumption based on application. Based on type,
the egg powder food market is segmented into egg yolk powder, egg yolk powder,
and egg white powder. Based on regions, the egg powder food market is segmented
into Asia-Pacific, North America, Europe, and other regional markets.
Detailed Regional Analysis:
The regional examination of the egg powder food market is
segmented into Asia-Pacific, North America, Europe, and other regional markets.
The European region's egg powder food market 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.
Competitive Analysis:
The essential policies being developed by government bodies
worldwide are thought to have a powerful role in the global advancement of the
market. The mindset of hypervigilance in the aftermath of the pandemic is intended
to guide market decisions throughout the projected period. The market's
production stability is predicted to be variable. Each manufacturer is expected
to make microeconomic decisions to ensure long-term business growth and
continuity during the forecast timeframe. The COVID-19 pandemic's drastic
changes in the global financial intermediation structure are believed to
influence how firms acquire finance in the comparable period. The restructuring
of the market's fundamental operations is expected to impact the market
shortly. The upsurge in innovative technologies in the global supply chain is
estimated to generate opportunities during the forecast period. The market is
projected to witness an improvement in growth cues in the near future. The
reclaimed market potential is projected to augment the worldwide market's
progress.
The vital companies in the Egg
Powder Food Market Report are Ovostar Union N.V (the
Netherlands), Rose Acre Farms, Inc (U.S.), SKM Egg Products Export (India)
Ltd., Adriaan Goede B.V. (the Netherlands), Rembrandt Enterprises, Inc. (U.S.),
IGRECA SA (France), Pulviver Sprl (U.K), Bouwhuis Enthoven B.V. (the
Netherlands), Agroholding Avangard (Cyprus), and Interovo Egg Group B.V (the
Netherlands) among others.
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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