Global Egg Yolk Powders Market Overview
The Global Egg Yolk Powders Market size is estimated to reach $394.1 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.1% over the forecast period of 2022-2027. Spray dehydrated egg yolks are used to make egg yolk powder. It is used in compositions when emulsifying abilities, color, texture, and mouthfeel are important. Egg yolk powder’s coagulating and emulsifier properties make it a great addition to mayonnaise, salad dressings, cakes, doughnuts, sweet dough, noodles, and other meals. The powder is all-natural and free of preservatives and additives, with a long shelf life and ready-to-use properties. These characteristics make it a good fit for the food processing industry followed by a favorable protein supplement. Along with its longer shelf life and mobility, egg yolk powder has become more popular as a substitute for whole eggs, particularly in the domestic and foodservice industries. This encourages the market to expand. The perception of eggs as a non-vegetarian meal has shifted, and vegetarians are increasingly accepting of eggs. As a result, the use of egg yolk powder is increasing, which manufacturers can see as an opportunity for additional growth and expansion. The high expenses of producing egg powder, on the other hand, may slow the market’s expansion. In addition, making egg powder is a time-consuming operation. The lack of necessary infrastructural amenities in growing and developing economies is poised to stymie Global Egg Yolk Powders industry expansion.
Global Egg Yolk Powders Market Segment Analysis – By Product Type
The Global Egg Yolk Powders market based on product type can be further segmented into organic egg yolk powder, pastured egg yolk powder and free-range egg yolk powder. In 2021, the pastured egg yolk powder category had the most market share. In the global market, the pastured egg yolk powder is also anticipated to have the fastest CAGR of 4.3% during the forecast period 2022-2027. The pasteurized egg yolks are spray dried to make the egg yolk powder. It’s been proven to have the same nutritional value and cholesterol as an egg yolk. Egg yolk powder is added to smoothies as a calorie and protein supplement for people who live an active lifestyle. Without frying the egg, a pastured egg is fully bacteria-free. To lower the danger of developing salmonella illness, pastured egg yolk powder is advised for small children, the elderly, and persons with compromised immune systems. The demand for pastured egg yolk powder has increased as a result of this therapeutic characteristic.
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Global Egg Yolk Powders Market Segment Analysis – By Distribution Channel
The Global Egg Yolk Powders market based on distribution channels can be further segmented into supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Others. In 2021, the supermarket and hypermarket segment held the dominating share. This is rooted in the fact that these establishments are equipped with a variety of alternative varieties as well as the availability of egg yolk powders and concentrates from various brands. Furthermore, hypermarket sales of egg yolk powders are predicted to rise significantly as customers choose these retail channels for purchasing attributable to in-store merchant promotions and price comparisons, with the consumption rate anticipated to rise even more over the projection period 2022-2027.
On the other hand, the online store’s category is anticipated to grow with the fastest CAGR of 4.8% during the forecast period 2022-2027. The rise of e-commerce is fuelling the expansion of the egg yolk powders market. Thanks to electronic media, the growing industry for egg yolk powders now has a new sales channel. It provides users with access to a wide number of products on the same platform. With the use of e-commerce, a product may be easily supplied to clients. Furthermore, attributed to the presence of online merchants, manufacturers have access to all customer-related information about the business, marketing efforts, content details, traffic numbers, and order details. All of this will help companies create better content, products, and, most importantly, a better customer experience.
Global Egg Yolk Powders Market Segment Analysis-By Geography
The Global Egg Yolk Powders market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In 2021, North America dominated the market with a 33% share. Consumption patterns in developing countries such as the United States, Canada, and other countries in North America have shifted dramatically from carb-based meals (such as grains, cereals, and rice) to protein-based foods (such as hens, fish, and meat). This factor is predicted to fuel egg yolk powder demand in North America, resulting in growth and increasing demand for egg yolk powder. Furthermore, the rising demand for healthy baking items in North America is likely to boost egg powder consumption in the region. Because of its low cost, ease of processing, and excellent nutritional profile, egg protein has seen rapid adoption in the dietary supplement market. This region’s industry players are significantly boosting marketing expenditures, which will enhance the market.
Global Egg Yolk Powders Market Drivers
The longevity of the product and its portability is propelling the market growth
Its lengthy shelf life and portability are two important market drivers. Egg yolk powder has a shelf life of 5 to 10 years when stored in an airtight container and is non-perishable. In contrast to actual eggs, which have a high risk of breaking, they may easily be transferred and do not require refrigeration. Aside from providing the same amount of protein as regular eggs, it is also lactose-free, low in carbs, cholesterol, and fat, and has a lower weight per volume when compared to the whole egg. Egg powder is also extremely convenient to use because of its unique structure, which results in little to no waste and no build-up after use.
The acceptance of egg yolk powder over whole egg powder is fuelling market expansion as Western countries are experiencing a high inflow of revenue.
In comparison to whole egg powder, demand for egg yolk powder has increased in recent years. Manufacturers of egg yolk powder are focusing on offering types of egg yolk powder based on their application in food products in the worldwide egg yolk powder market. High gel egg yolk powder and high whip egg yolk powder are two types of egg yolk powder that provide a higher density of the desired product and may easily bind quickly when mixed with other food components. The demand for egg yolk powder is increasing among customers seeking a healthy lifestyle or production with high nutritional value, thanks to the ongoing trend of dietetic nutrition.
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Global Egg Yolk Powders Market Challenges
The risk of contamination could stifle the worldwide egg yolk powder market’s expansion.
Pertaining to the significant risk of contamination connected with eggs and egg yolk powder, the worldwide egg yolk powder market has been slow to grow. There is always the potential of contamination in eggs due to poor hygienic conditions, which could affect the quality of eggs and processed egg products. Over the projected period, this factor is anticipated to stifle the growth of the egg yolk powder market, particularly in the Asia Pacific. Furthermore, there are price changes in basic supplies. Increased prices of agricultural grains used as hen feed in the region have resulted in an increase in the price of egg yolk powder production, thereby excluding low-income families from the consumer chain.
Global Egg Yolk Powders Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Egg Yolk Powders Market. The top 10- Global Egg Yolk Powders Market companies’ are-
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