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The Dried Egg Market Size is valued at 2.39 Billion in 2023 and is predicted to reach 4.44 Billion by the year 2031 at a 8.17 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Lifestyle shifts heightened health awareness, and rising demand for food and drink due to rising incomes and populations further drove the dried egg market expansion.
- The growing demand for protein-rich and healthful diets will support shipments of dried egg products throughout the projection period.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- The high costs of dried egg production may slow the market's growth rate.
Dried Egg is available in a dried form and because it has a nutritional composition identical to eggs, provides advantages like those of eggs. Dried Egg is much easier to handle than ordinary eggs because it is accessible in a dehydrated form. The rising demand for confectionery items due to increased urbanization, a growing working population, and consumers' rising purchasing power are key factors fueling the market's rise. The need for Dried eggs is expanding significantly due to the rising desire for food that is healthier, more nutritious, and lower in fat. The global market is anticipated to grow as people become more aware of the advantages of Dried eggs over regular eggs, such as their extended shelf life.
The market for Dried eggs is anticipated to have profitable growth due to the rising demand for easy functional foods. As the population continues to grow and personal disposable income rises, other variables influencing the market growth include changing lifestyles, increasing health consciousness, and rising demand for food and beverages. Increased consumer knowledge of the advantages of Dried eggs over ordinary eggs, such as their longer shelf life, will further fuel market value growth. Increasing need for practicality and convenience. However, the high costs of manufacturing Dried eggs may slow the market expansion rate.
Market Segmentation:
The Dried Egg market is segmented as product, end users and distributional channel. Based on the product, the market is segmented as Whole Eggs, Egg Whites, Egg Yolk, Dried Egg Mixtures, and Organic Whole Egg. By application, the market is segmented into food ingredients (bakery, confectionery, snacks & ready-to-cook, meat products, sauces & dressings, dairy, others (beverages & other food products)), personal care & cosmetics, nutraceuticals & pharma, animal feed & pet food, Horoeka, household. By distributional channel, the market is segmented as a direct distribution channel, indirect distribution channel, hypermarket/ supermarket, convenience stores (departmental stores, food & drink speciality stores), online, and others (speciality stores and others).
Based On Product, The Egg Yolk Segment Is Accounted As A Major Contributor In The Dried Egg Market.
The egg yolk category is estimated to hold the major share of the global Dried Egg market in 2021. egg yolk powder is consumed and used more frequently in various industries, including bread, dairy, confectionery, meat, sauces and dressings, and nutraceuticals. Due to its nutritional benefits, including its high protein content and concentration of branched amino acids, egg protein powder is frequently used in sports and dietary supplements.
The Confectionery Segment Witnessed Growth At A Rapid Rate.
The confectionery category is projected to grow rapidly in the global Dried Egg market. The growing urbanization, growing working population, and rising personal buying power are all factors that are projected to drive the worldwide Dried Egg market. These factors also result in an increasing demand for confectionary food products. The confectionary items are also likely to benefit from the growing health consciousness among people in addition to the well-known health advantages of eggs, such as the strengthening of the bones and teeth, support for weight loss, and facilitation of peripheral nervous system cell growth., especially in countries such as the US, Germany, UK, China, and India.
The Asia Pacific Dried Egg Market Holds A Significant Regional Revenue Share.
The Asia Pacific Dried Egg market is expected to register the highest market share. Due to the large output in the area, businesses are concentrating on turning eggs into Dried eggs to satisfy the expanding demand from the food industry. Sales of Dried eggs are anticipated to be driven by this factor during the forecast period. Rising consumer disposable income and a growing population are expected to boost regional market expansion. It is projected that China and India will significantly impact the Dried Egg market in the Asia Pacific. This results from the strong economic potential of these emerging nations.
North America is estimated to hold a significant share of the market during the forecast period. The regional market expansion is anticipated to be fueled by the rising number of specialized shops selling protein-rich nutritional supplements in developed markets. In addition, the growing prevalence of lactose intolerance in North America can make it challenging to get enough protein daily.
Recent Developments:
- In April 2023, Post Holdings has announced a $146 million expansion initiative for its Michael Foods manufacturing and distribution facility in Norwalk, Iowa. The expansion is expected to boost the size of the plant by about 132,000 square feet and is projected to provide 186 new job opportunities.
- In July 2020, Michael Foods Inc. completed its acquisition of Henningsen Foods. Henningsen Foods is the largest processor of value-added egg products in America. The acquisition was made from Kewpie Corporation, a subsidiary of Post Holdings, as disclosed in a press statement.
Competitive Landscape
Some major key players in the Dried Egg Market:
- Interovo Egg Group Bv,
- Sanovo Technology A/S,
- Agroholding Avangard,
- Kewpie Corporation,
- Rose Acre Farms,
- Rembrandt Enterprises,
- Michael Foods, Inc.,
- Ballas Egg Products Corp.,
- Ovovita,
- OvaInnovations,
- Nutrios (Symrise Pet Food),
- GePro poultry protein mbH & Co.KG,
- HENNINGSEN FOODS,
- Consuma Ltd,
- Ovostar Union V,
- Modernist Pantry,
- Manshi,
- Adriaan Goede BV,
- Texas Natural,
- Supply,
- Henningsen Foods,
- Derovo,
- Igreca,
- Bouwhuis Enthoven,
- Pulviver,
- Wulro Bv
- Venky’s(India) Limited
Dried Egg Market Report Scope
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 2.39 Billion |
|
Revenue forecast in 2031 |
USD 4.44 Billion |
|
Growth rate CAGR |
CAGR of 8.17 % from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Product, End-Use, Distribution Channel |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Interovo Egg Group Bv, Sanovo Technology A/S, Agroholding Avangard, Kewpie Corporation, Rose Acre Farms, Rembrandt Enterprises, Michael Foods, Inc., Ballas Egg Products Corp., Ovovita, OvaInnovations, Nutrios (Symrise Pet Food), GePro poultry protein mbH & Co.KG, HENNINGSEN FOODS, Consuma Ltd, Ovostar Union N.V, Modernist Pantry, Manshi, Adriaan Goede BV, Texas Natural, Supply, Henningsen Foods, Derovo, Igreca, Bouwhuis Enthoven, Pulviver, Wulro Bv, and Venky’s(India) Limited |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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