Upsurge in Demand for Egg White Powder in Bakery & Confectionery Products to Escalate Asia Pacific Egg White Powder Market Growth
According to our latest market study on “Asia Pacific Egg White Powder Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type and Application,” the market size was valued at US$ 664.40 million in 2022 and is projected to reach US$ 917.12 million by 2028; it is expected to register a CAGR of 5.5% from 2022 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
The Asia Pacific egg white powder market is mainly driven by increasing product demand from end-use industries and a rise in egg processing activities in the region. In 2021, Japan held the largest market share in terms of revenue in the Asia Pacific egg white powder market. The egg white powder market in Japan is highly developed in terms of consumption, processing technology, and applications. The rising awareness amongst consumers in Japan regarding the health benefits of egg white powder drives the egg white powder market in the country.
Egg white powder, also known as egg albumen powder, is manufactured from eggs. The high rate of poultry farming and increasing consumption of egg-based foods support the demand for egg white powder in Asia Pacific. The growth of the bakery industry in the region drives the need for egg white powder. Moreover, the demand for convenience foods is growing in many Asian countries due to rising urbanization and the busy lifestyles of consumers. In the bakery industry, egg white powder is increasingly used for its foaming and gelling properties. The powdered egg white acts as a foam stabilizer and provides texture to the baked goods. Confectionary producers are considered the only consumers of pan-dried egg white powders, and they use them in the preparation of aerated confectioneries such as nougat owing to their anti-crystallizing properties. This powder is also used in the preparation of meat and fish products such as surimi due to its gelling characteristics. Further, powdered egg white is widely used in the preparation of dessert items, such as chocolate mousse and meringues. Therefore, the functional advantages of egg white powder are fueling the egg white powder market in Asia Pacific.
Taiyo Kagaku Co Ltd, Netto Industria De Alimentos Ltda, OVODAN International AS, Ovostar Union NV, Foodchem International Corp, AgroEgg Pte Ltd, Egg Domain Pty Ltd, Parmovo Srl, Taj Agro International, and Venky's (India) Ltd are a few of the major players operating in the Asia Pacific egg white powder market. Players operating in the Asia Pacific egg white powder market are highly focused on the development of high-quality and innovative product offerings to fulfil the customer’s requirements.
Impact of COVID-19 Pandemic on Asia Pacific Egg White Powder Market
In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The onset of the COVID-19 pandemic caused supply chain disruptions in key raw materials and hampered the growth of the Asia Pacific egg white powder market. Small and medium-sized manufacturers faced significant challenges due to raw material shortages and low inventory levels, which negatively impacted their profitability.
Moreover, in 2021 several economies from Asia Pacific revived their operations, which increased the demand for egg white powder. Favorable government initiatives regarding egg production and support towards the development of egg products are expected to offer more growth opportunities for the Asia Pacific egg white powder market during the forecast period. For instance, the Ministry of Agriculture, Forestry, and Fisheries (MAFF), Japan allocated around US$5.9 billion to programs to improve poultry, livestock and milk production. These programs alone accounted for nearly one-third of MAFF’s total budget. Furthermore, governments in Asia Pacific countries play a vital role in encouraging the establishment of poultry farms and promoting the manufacturing of value-added egg products. The government of India provides subsidies and loans through Poultry Venture Capital Fund (PVCF) Scheme to encourage poultry farming in the country.
Asia Pacific Egg White Powder Market Breakdown – by Region
The report includes the segmentation of the Asia Pacific egg white powder market as follows:
Based on type, the Asia Pacific egg white powder market is bifurcated into high-whip and high gel. Based on application, the Asia Pacific egg white powder market is segmented into food and beverages, personal care, and others. By country, the Asia Pacific egg white powder market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com