Report : Egg White Powder Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Grade (Food Grade and Technical Grade); Distribution Channel (Direct/ (B2B) and Indirect); Application (Food Processing, Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, and Others), and Geography
Rising consumer awareness about benefits of protein-rich foodto escalate egg white powder market at 8.0%CAGR during 2020–2027
According to our latest market study on “GlobalEgg White PowderMarket Forecast to 2027 – COVID-19 Impact and Global Analysis – by Grade (Food Grade and Technical Grade); Distribution Channel (Direct/(B2B) and Indirect); Application (Food Processing, Pharmaceuticals, Cosmetics and Personal Care, Dietary Supplements, and Others), and Geography,”the market was valued at US$ 1,463.84 million in 2019and is projected to reach US$ 2,652.35 million by 2027; it is expected to grow at a CAGR of 8.0% from 2020 to 2027.The report highlightskey factors driving the market growth and prominent players along with their developmentsin the market.
Egg white powder is considered as economic and safe form of egg products, which find applicationsin the food, pharmaceuticals, and dietary supplement industries. Dried egg white powder has extended shelf life, and it is convenient to store and use across diversified application bases. These powders are known for their nutritional profile and add aromatic essence to food products. In bakery industry, these powders are increasingly being used for their foaming and gelling properties which make them useful to produce several food items. Other than this, the powdered egg white acts as a stabilizer for foams or provides texture to the baked goods.
The global demand for protein-based ingredients in personal care and cosmetic products is increasing. Since egg whites contain collagen and proteins which can tone and tighten human skin, many cosmetics companies use egg whites in beauty products to leverage their skin rejuvenating power. Serum, face wash, shampoo, cream, soap, face mask, and other products are incorporated with egg white powder.Egg white protein powder mainly nourishes hair and prevents damage and dryness. Thus, the demand for egg white protein powder as a primary ingredient in cosmetics is anticipated to increase rapidly in the near future.
Agroholding Avangard, Interovo Egg Group BV, Kewpie Corporation, Rembrandt Enterprises, and Rose Acre Farmsare among the major players in the global egg white powdermarket.
Impact of COVID-19 Pandemic on Egg White Powder Market
The COVID-19 pandemic began in Wuhan (China) inDecember 2019, and it rapidly spread around the globe in the next couple of months. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food & beveragesis one of the major industries facing serious disruptions in supply chain and manufacturing due to office shutdowns. The players in the egg white powder market stock up on raw materials, which increase supplier power and market competition. Increasing livestock disease prevalence and COVID-19 behavioral aspects are likely to shift consumers toward plant-based alternatives. Also, trade restrictions, supply chain disruption, restaurant, and supermarket lockdowns are expected to hamper growth in the egg white powder market in the coming months.
The Report Segments the Egg White Powder Market as Follows:
By Distribution Channel