Bakers to Show Keen Interest in Egg Powder as Demand Increases
Monday, 27 September 2021
The demand for egg powder will be especially high amongst bakers as it ensures price and quality stability. The constant threat of eggs being affected by avian flu will be the primary reason for the higher uptake of egg powder by bakers. In addition, the varying transport costs that add to the eventual cost of eggs creating price volatility is also expected to encourage bakers to opt for egg powder, which has a stable price. The bakery segment is expected to lead the global egg powder market as the number of bakeries across the globe increase and with a greater number of people taking up home baking. The rise of artisanal baking for leisure and commercial reasons has also contributed to an increase in the sales of egg powder, which is used for making a multitude of baked items.
In terms of geography, Asia Pacific is expected to hold a lion's share in the global egg powder market. The regional market is expected to win on the basis of the sheer volume of consumption as China and India boast a huge population base. Longer shelf life, affordability, and ability to consume eggs in tough terrains where regular food supply remains challenged are some of the driving factors for Asia Pacific egg powder market. Furthermore, increasing consumption of baked products amongst the younger group of people is also expected to drive up the demand for egg powder in the coming years.
Source:
https://finance.yahoo.com/news/global-egg-powder-market-thrives-115000112.html