The global egg powder market is expected to witness substantial growth during the forecast period due to the long shelf life of the product. Egg powder is convenient to store as compared to whole eggs which are fragile. Additionally, there is no need to refrigerate unopened powdered egg packages. There are three types of egg powders available in the market, namely, whole egg powder (WEP), egg yolk powder (EYP), and egg albumin powder (EAP).

Increasing egg consumption in developing countries due to its nutritional value is expected to be the primary factor for the growth of the global egg powder market during the forecast period of 2018 to 2023. The growth of the bakery and confectionery goods industries is also expected to fuel the sales of egg powder at a global level. However, the rising prevalence of egg allergies is expected to hinder the growth of the global egg powder market during the review period.

The foodservice industry plays a key transitional role between producers and processors at one end and consumers at the other. The increasing competition and applications in the foodservice industry create a multitude of opportunities for manufacturers of egg powder. The consumption of bakery and confectionery products has been increasing in both developed and developing economies. Population growth in developing economies is one of the significant factors for the rising consumption of bakery and confectionery products. Rising per capita disposable income and consumer exposure to a wide range of baked goods are also contributing to the growth of the market.

The egg powder market is competitive with major market players operating at the global level. The key industry players in the global egg powder market have adopted strategies such as acquisitions, geographic expansion, product launches, and joint ventures to strengthen their position. Most of the companies operating in this market are focusing on acquisitions to expand their regional presence. Moreover, the companies have been investing in R and D to offer enhanced products with better functionality. Product promotions through e-commerce channels have the potential to enhance consumer knowledge and increase sales.

*Extracted from article https://www.marketwatch.com/press-release/global-egg-powder-market-global-industry-growth-historical-analysis-size-trends-emerging-factors-demands-key-players-emerging-technologies-and-potential-of-industry-till-2023-2020-11-19

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