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Egg Powder Market is Projected to Grow with a CAGR of 9.6% During Forecast Period by 2034 | Future Market Insights Inc.

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Consumers crave protein-rich options, and egg powder steps up to the plate with its high protein content, low cholesterol profile, and essential amino acids. This versatility allows its inclusion in various products like baked goods, dietary supplements, and functional foods.

The growing demand for convenient and ready-to-eat food products significantly fuels the egg powder market. Offering a practical alternative to fresh eggs, egg powder provides easy storage, handling, and an extended shelf life, meeting the needs of busy consumers looking for hassle-free food options

NEWARK, Del., July 31, 2024 /PRNewswire/ — The global egg powder market value in 2019 was USD 1,476.3 million and it increased with a CAGR of 8.94% till 2023. According to FMI estimates total revenue from the sales of egg powder in 2024 is likely to be USD 1,934.2 million.

The global sales of egg powder are expected to rise at a promising CAGR of 9.6% for the forecast period. The market report further predicts the global egg powder industry to be worth USD 4,843.5 million by 2034.

Consumer desire for food items that are shelf-stable and can be easily transported is the key factor for the growing popularity of egg powder. Convenience-driven eating choices resulting from busy lives are also driving the sales of egg powder in the retail sector.

The market for sports nutrition is also driving the demand for egg powder as it satisfies the dietary requirements of athletes and fitness enthusiasts. In addition to this, the extended shelf life of egg powder lowers food waste, in line with conscious customer preferences and international environmental objectives.

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How Is Interest Of Customer For “Free-From” Label Augmenting Sales Of Egg Powder?

Healthy and ‘free-from’ products have always piqued the interest of both customers and food and beverage manufacturers globally. Additionally, due to its protein-rich, meat-free composite, egg powder’s allergen-free profile has been and will continue to be a selling point for the product.

The competitors in the egg powder market are expected to keep an eye on the opportunities appearing in East Asia as food processing firms seek to unleash the protein-rich profile of clean label ingredients to appeal to a growing pool of health-conscious customers.

Key Takeaways from the Egg Powder Market Study Report

The overall market is expected to experience an absolute growth opportunity of USD 2910 million during the period between 2024 and 2034.The United States market is likely to progress at a moderate rate of 7.2% per year during the projected period.Germany is expected to witness a rise in demand for egg powder products thriving at a CAGR of 13.2% from 2024 to 2034.China is expected to make significant strides in its egg powder industry which is likely to register 8.5% CAGR between 2024 and 2034.India is anticipated to follow the most lucrative growth rate of 13.8% till 2034 in egg powder production and consumption.

 “The egg powder sales are expected to rise promisingly during the forecast period owing to their long shelf life, application in multiple end-use products, and ease of handling. Moreover, rising demand for “free-from” products is projected to allow manufacturers to take advantage of this opportunity to develop new products in the egg protein powder market.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Country-Wise Insights

How is the Sales of Egg Powder in the U.S. Shaping?

The egg powder market in the United States is predicted to rise throughout the forecast period, owing to an increase in the number of specialty stores providing protein-rich dietary supplements in developed markets, which is expected to fuel regional market expansion.

Furthermore, the country reports a high percentage of its population to be lactose intolerant, thus meeting the body’s daily protein requirements may become more challenging. As a result, considering egg powder is high in protein, the demand for the product is predicted to grow in the country over the forecast period.

Why is Consumption of Egg Powder in China Surging?

Due to increasing awareness of the health benefits of egg powder and the adoption of a healthy lifestyle resulting in increased demand for healthier and lower-calorie food items, the egg powder market in China is likely to rise over the forecast period.

Furthermore, the country’s market growth is expected to be supported by increased personal disposable income and a rising population. Because of the strong growth potential of their economies, China is expected to make major contributions to the egg powder market in East Asia.

In addition, due to the country’s large output, businesses are concentrating on egg processing into egg powder to meet the ever-increasing demand from the food & beverage industry. This factor is expected to drive egg powder sales in China throughout the forecast period.

Why is there a Rising Demand for Egg Powder in Germany?

In addition to exports, the European Union market consumes the majority of powdered eggs and their products. Consumers in Germany are accustomed to high-quality, hygienic, and nourishing products made in the nation, increasing consumption of healthy bakery products across the country, which is expected to fuel demand for egg powder over the projected period.

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Competitive Landscape for the Egg Powder Market Participants

The market is highly competitive as many traditional food processing industries entered the egg powder production sector to capitalize on its growing popularity. However, leading market players still hold a significant share of the overall market with extensive supply chains and long-term partnerships with different end use industries.

Recent Developments by the Egg Powder Industry Players

Stakeholders in Nigeria’s egg production industry are mobilizing support for the Dried Egg Powder Project’s expansion. They rallied at the Stakeholders’ Meeting of the FUNAAB-TETFund Project on Diversification of Egg Marketing and Egg Powder Production (DEMEPP) in November 2023. This call to action was given at the Federal University of Agriculture, Abeokuta (FUNAAB) to position Nigeria as the premier egg processing hub in West Africa.

In October 2023, Healthy Hey Nutrition introduced a 100% egg white protein in chocolate flavor. The company claims it to be made from non-GMO or hormone-treated hen eggs and is lactose-free making it suitable for a wide range of consumers.

Key Players Profiled in the Egg Powder Market Report

AvangardcoOvostar Union N.V.IGRECABouwhuis EnthovenEurovo GroupvenkysA.G. FoodsJiangsu Kangde Egg Industry Co., Ltd.

Key Segments Covered by Egg Powder Industry Survey Report

By Product Type:

Whole EggEgg WhiteEgg Yolk

By End User Verticals:

Food & Beverages SectorBakeryConfectionerySauces & DressingOther Food & BeveragesPersonal Care & CosmeticsPharmacy ManufacturersDietary SupplementsAnimal Feed & Pet FoodHotel, Restaurant, and Cafeteria (HoReCa)Other End Users

By Sales Channels:

Offline Sales ChannelSupermarkets or HypermarketsDepartmental StoresConvenience StoreOther Sales ChannelOnline Sales ChannelCompany WebsiteE-commerce Platform

By Region:

North AmericaLatin AmericaEuropeEast AsiaSouth Asia and PacificMiddle East and Africa (MEA)

About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analysing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Authored by:  

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.    

She has exceptional analytical skills and often brings thought leadership to the table.   

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.  

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.   

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.   

Have a Look at Related Research Reports of Food and Beverage Domain

The egg white powder market is projected to settle at USD 1,768 million by the end of 2023. As per Future Market Insights (FMI), the growth rate for the forecast period is estimated to be 11% CAGR. By 2033 end, the market is assessed to surpass the market valuation of USD 5,071.5 million.

The eggshell membrane powder market is registering a valuation of USD 1.4 billion in 2023. The market is rising to USD 5.3 billion by 2033. The market is securing a CAGR of 13.1% during the forecast period.

The global Egg and Egg Products Market is expected to reach market valuation of USD 12.3 Bn by the year 2022, accelerating with a CAGR of 7.0% by 2022-2032. Egg sales are likely to account for ~44.7% of the overall protein market, which is anticipated to be valued at USD 27.5 Bn by 2022 end.

The global egg replacement ingredient market size is projected to increase from USD 1,399.2 million in 2024 to USD 2,478.2 million by 2034. Global sales of egg replacement ingredients are anticipated to expand with a CAGR of 5.9% over the assessment period.

The Egg Wash Substitute market is expected to grow at a CAGR of 5.6%. The market value projected to increase is from USD 1,224.9 Million in 2022 to USD 2,112.3 Million by 2032. The Egg Wash Substitute market was valued at USD 1,156.7 Million at the end of 2021 and is projected to exhibit Y-o-Y growth of 5.9% in 2022.

The global egg albumin protein sector is estimated to be worth USD 1.6 billion in 2024 and is projected to reach a value of USD 2.8 billion by 2034, expanding at a CAGR of 7.3% over the assessment period of 2024 to 2034.

The egg protein market is anticipated to be USD 8,895.73 million in 2023. The market’s growth is estimated to be steady from 2023 to 2033, with a CAGR of 6.7%. By the end of the forecast period in 2033, the market valuation is expected to reach USD 17,048.18 million.

The global dried eggs market size is projected to exhibit astounding growth during the forecast period from 2023 to 2033. According to the research report published by Future Market Insights, the global market is poised to surpass a valuation of USD 2,080 million in 2023. It is predicted to reach a valuation of USD 4,719.6 million by 2033. The market is predicted to capture a remarkable CAGR of 9% from 2023 to 2033.

The global plant-based eggs market is expected to be valued at USD 122.8 million in 2023 and to reach a valuation of USD 684.3 million by 2033. The demand for plant-based eggs is estimated to grow at a steady 18.7% CAGR, with the United Kingdom, the USA, China, and India emerging as key producers.

The global egg white cubes market is anticipated to reach USD 296.3 Million in 2022 and exhibit steady growth at a CAGR of 4.2% in the forecast period from 2022 to 2032. Surging development of egg protein powder with various flavors, such as strawberry, vanilla, and chocolate is a major factor that is set to push the global market.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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BASX Hosts Ribbon-Cutting Ceremony for New State-of-the-Art Weld Shop

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September 19, 2024

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REDMOND, Ore., Sept. 19, 2024 /PRNewswire/ — BASX (“BASX” or the “Company”), a leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, and custom HVAC systems, is proud to announce the official ribbon-cutting ceremony for its newly completed 36,000-square-foot weld shop. The Redmond Chamber of Commerce performed the ribbon cutting on September 18th, 2024, at BASX headquarters.

The weld shop will create significant job opportunities in the Central Oregon region, with the capacity to fill an additional 30 welding positions. Positions range from entry-level to experienced roles, with professional opportunities in various growing departments within the Company.

“This new facility is a major investment not just in our company, but in the future of Central Oregon,” said Dave Benson, AAON VP and BASX President. “We can now deliver even higher levels of quality and efficiency while providing more job opportunities for the community. We’re proud to support local manufacturing growth and look forward to seeing the impact this expansion will have on both BASX and the region.”

The new shop marks a major expansion in the Company’s production capabilities, introducing state-of-the-art welding technology within a climate-controlled environment. Equipped with advanced air filtration systems, including an AAON make-up air unit and multiple air scrubbers, the shop ensures exceptional air quality for its workers. The space also features two 5-ton overhead cranes and six ½-ton cantilever jib cranes, allowing for efficient movement of materials across the facility.

A key highlight of the facility is its cutting-edge tube laser, capable of precision cutting and profiling round and square tubes, as well as C-channel and I-beam profiles up to 27 feet in length. Additionally, a 75-foot-long dual-zone robotic welding cell is scheduled to be installed and operational in early 2025, enabling the welding of large subassemblies up to 10 tons.

The shop’s innovative capabilities will support the Company’s growth and solidify its position for ongoing expansion. In addition to the 30 new welding jobs, BASX is actively hiring across various departments to support its continued success. To learn more about available positions and apply, visit the BASX careers page at www.basxsolutions.com/careers.

About BASX
Founded in 2014 in Central Oregon, BASX is an industry leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, custom HVAC systems, and modular solutions. Acquired by AAON in 2021, BASX continues to focus on quality, innovation, and state-of-the-art technology. The Company is proud to display the Made-in-America emblem on all its products. For more information, please visit www.basx.com.

Contact Information
Christina Lattanzio
Marketing Manager
(918) 508-9272
Email: Marketing@basx.com

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SOURCE AAON

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NASA Sets Coverage for Astronaut Tracy C. Dyson, Crewmates Return

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September 19, 2024

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WASHINGTON, Sept. 19, 2024 /PRNewswire/ — NASA astronaut Tracy C. Dyson, accompanied by Roscosmos cosmonauts Nikolai Chub and Oleg Kononenko, will depart from the International Space Station aboard the Soyuz MS-25 spacecraft, and return to Earth.

Dyson, Chub, and Kononenko will undock from the orbiting laboratory’s Prichal module at 4:37 a.m. EDT Monday, Sept. 23, heading for a parachute-assisted landing at 8 a.m. (5 p.m. Kazakhstan time) on the steppe of Kazakhstan, southeast of the town of Dzhezkazgan.

NASA’s live coverage of return and related activities will stream on NASA+ and the agency’s website. Learn how to stream NASA content through a variety of platforms, including social media.

A change of command ceremony also will stream on NASA platforms at 10:15 a.m. Sunday, Sept. 22. Kononenko will hand over station command to NASA astronaut Suni Williams for Expedition 72, which begins at the time of undocking.

Spanning 184 days in space, Dyson’s mission includes covering 2,944 orbits of the Earth and a journey of 78 million miles. The Soyuz MS-25 spacecraft launched March 23, and arrived at the station March 25, with Dyson, Roscosmos cosmonaut Oleg Novitskiy, and spaceflight participant Marina Vasilevskaya of Belarus. Novitskiy and Vasilevskaya were aboard the station for 12 days before returning home with NASA astronaut Loral O’Hara on April 6.

Kononenko and Chub, who launched with O’Hara to the station on the Soyuz MS-24 spacecraft last September, will return after 374 days in space and a trip of 158.6 million miles, spanning 5,984 orbits.

Dyson spent her fourth spaceflight aboard the station as an Expedition 70 and 71 flight engineer, and departs with Kononenko, completing his fifth flight into space and accruing an all-time record 1,111 days in orbit, and Chub, who completed his first spaceflight.

After returning to Earth, the three crew members will fly on a helicopter from the landing site to the recovery staging city of Karaganda, Kazakhstan. Dyson will board a NASA plane and return to Houston, while Kononenko and Chub will depart for a training base in Star City, Russia.

NASA’s coverage is as follows (all times Eastern and subject to change based on real-time operations):

Sunday, Sept. 22
10:15 a.m. – Expedition 71/72 change of command ceremony begins on NASA+ and the agency’s website.

Monday, Sept. 23
12:45 a.m. – Hatch closing coverage begins on NASA+ and the agency’s website.

1:05 a.m. – Hatch closing

4 a.m. – Undocking coverage begins on NASA+ and the agency’s website.

4:37 a.m. – Undocking

6:45 a.m. – Coverage begins for deorbit burn, entry, and landing on NASA+ and the agency’s website.

7:05 a.m. – Deorbit burn

8 a.m. – Landing

For more than two decades, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge, and making research breakthroughs that are not possible on Earth. The station is a critical testbed for NASA to understand and overcome the challenges of long-duration spaceflight and to expand commercial opportunities in low Earth orbit. As commercial companies focus on providing human space transportation services and destinations as part of a robust low Earth orbit economy, NASA is focusing more resources on deep space missions to the Moon as part of Artemis in preparation for future human missions to Mars.

Learn more about International Space Station research and operations at:

https://www.nasa.gov/station

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SOURCE NASA

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Global claims guidance leader EvolutionIQ joins as CALI’s inaugural Life Partner

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September 19, 2024

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — US-based EvolutionIQ, a global leader in claims guidance technology, has signed on as the Council of Australian Life Insurers (CALI)’s first Life Partner as part of its corporate partner program.

The CALI Partner Program is designed to foster collaboration and create a connected ecosystem of industry experts.

CALI Life Partners share the industry’s mission to make life insurance accessible, understandable and trusted. They are companies that support Australian life insurers to help Australians and their families have peace of mind about their future so they can live in the most healthy, confident and secure way.

“We are pleased to welcome EvolutionIQ as CALI’s inaugural Life Partner. The CALI Partner Program plays an important role in connecting our members to the latest innovators, like EvolutionIQ, that can move their businesses forward,” said CALI CEO Christine Cupitt.

“We want to work closely with each of our partners to strengthen and support the life insurance industry to deliver better customer experiences for millions of Australians on their best and worst days.”

Headquartered in New York, EvolutionIQ has expanded significantly since 2019. Its clients include major insurance carriers such as Sun Life, Reliance Matrix and Principal Financial. Their AI-powered software makes insurance claims processes more personalised, fair and cost-effective so that more people can recover faster and return to work.

“We are committed to supporting the Australian life insurance ecosystem and being a CALI Life Partner enables us to specialise our products to meet the dynamic needs of the Australian markets,” said EvolutionIQ’s Co-CEO, Mike Saltzman.

“Our partnership with CALI means we can contribute to and shape customer experiences in Australia, and ultimately help more people return to health and a livelihood sooner.”

About EvolutionIQ
EvolutionIQ pioneered Claims Guidance in 2019. Its explainable AI guides insurance claims professionals to their highest potential impact claims, improving the claimant experience and delivering better claim outcomes to claimants, carriers and their customers. EvolutionIQ serves the group disability, individual disability and workers’ compensation markets worldwide. EvolutionIQ’s AI native products have been adopted by 70% of the top 15 U.S. disability carriers and a growing list of workers’ compensation carriers. The New York-based company employs 185 staff across the United States, Europe and Australia. For more information, visit evolutioniq.com and follow the company on LinkedIn.

About CALI
We support Australians to make informed choices about their future and help them live in a healthy, confident and secure way over their lifetime.

Our members’ products and services give people peace of mind when making important decisions and provide a financial safety net during life’s biggest challenges.

We advocate for national policy settings that expand Australians’ access to the life insurance protection that suits them when they need it most.

CALI represents all life insurers and reinsurers in Australia. The Australian life insurance industry is today a $26.4billion industry, employing thousands of Australians and paying billions of dollars of benefits each year.

To view CALI’s corporate partners visit www.cali.org.au/about-us/#our-partners

For more information, visit www.cali.org.au

Media Contact
Jason Kapler
Vice President of Marketing
EvolutionIQ
(917) 740-5608
Press@evolutioniq.com

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