March 22, 2023

The global egg white powder market will derive growth from the increasing product applications across diverse industry verticals. The rising investments in product R&D will emerge in favor of the growth of the overall market in the coming years. According to a report by Fortune Business Insights, titled “Egg White Powder Market Size, Share & Industry Analysis, By Application (Food & Beverage, Dietary Supplements, Pharmaceuticals, Others (Animal Feed, Personal Care and Cosmetics and Others)), By Distribution Channel (Online Retail Stores, Hypermarkets and Supermarkets, Specialty Store, Others)and Regional Forecast, 2023-2030,” the market will benefit from the rising demand for the product across the world.

The recent coronavirus outbreak has brought major businesses to a standstill. The rapid spread of the disease has urged governments to take strict measures. Due to travel bans, egg white powder businesses are likely to take a huge hit in the coming years. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this.

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Egg whites constitute around 60% of the total egg weight. The egg white powder is used for a variety of purposes in the food and beverage industry, especially desserts and baking products. The product has a longer shelf life and is convenient for sale in commercial stores and retail chains due to their ‘dry’ nature. Egg white powder is a rich source of protein and is used in supplementary and healthy foods across the world. Several efforts are being taken to integrate the substance in other food products accounting to its favorable properties. The rising investments in such R&D initiatives will constitute an increase in the overall egg white powder market size in the coming years. The presence of several large scale companies across the world will also contribute to the growth of the market in the coming years.

Increasing Number of Company Collaborations will Bode Well for Market Growth

The recent encompasses several factors that have contributed to the growth of the overall market in the coming years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on market growth. Owing to the exceptional properties and health-enhancing capabilities of egg white powder, several large scale companies are looking to collaborate with each other, with the bid to maximizing the growing demand. In July 2017, Srinivasa Group announced that has entered into a strategic collaboration with Hy-line International. This collaboration is aimed at expanding the poultry footprints on the global stage and subsequently generate high sales and revenue in the coming years. Through this partnership, the company will also initiate its egg powder manufacturing unit in Andhra Pradesh. This collaboration will not just benefit the companies but will also aid the growth of the overall egg white powder market in the coming years.

North America to Emerge Dominant; Improving Dietary Habits will Lead to a Wider Product Adoption

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years.  The increasing population of lactose intolerant people will lead to a wider product consumption in this region. Moreover, changing dietary habits and the consumption of healthy foods and supplements, driven by changing lifestyle patterns will bode well for the growth of the market in this region. The market in Europe will also witness considerable growth owing to the increasing product demand in countries such as Germany, UK, and France.

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