Global Egg Yolk Powder Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.5 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Egg Yolk Powder Market Overview:
Egg Yolk is a yellow in color nutrient-bearing portion of the egg that is consumed on a large scale by people around the world. An increase in demand for easy to carry and simple use of egg yolk has resulted in increased use of the powdered form of egg yolk. Egg Yolk Powder is one such product that consists of all nutrients present in the egg which is easy to use and holds a long shelf life as compared to egg yolk in natural form. Egg Yolk Powder is made by heating egg yolk till it reaches a solid state. The heating procedure removes all aqueous elements preventing the growth of any microorganisms in egg yolk which increases its shelf life. The resultant product is then dried off and stored for use.
Egg Yolk Powder consists of a high source of protein that is used on a large scale by the Food and Beverages Industry. Different nutrient-rich, bakery and dairy products are made by using Egg Yolk Powder. Egg Yolk Powder is used on a large scale in manufacturing supplementary and dietary food products. Increased demand for protein-rich and organic personal care products has resulted in a rise in demand for Egg Yolk Powder. The preference for easy-to-use egg-based products and wide-scale consumption by industrial and domestic sectors has resulted in a boom in the Global Egg Yolk Powder Market.
Global Egg Yolk Powder Market Dynamics:
Egg Yolk Powder provides texture, color, and emulsifying properties to the food products they are added with. The presence of food-enriching properties has resulted in a wide-scale use of Egg Yolk Powder by the industrial and domestic sectors around the world. The change in the consideration of Egg as a Non-vegetarian food and preference for daily consumption of it by people has resulted in increased consumption of Egg Yolk Powder.
A report by Joel Ndife published in the African Journal of Food Science states that Egg Yolk Powder can be produced by using modern ovens at 44⁰C and heating does not affect its functional and nutritional properties. This has resulted in increased use of Egg Yolk Powder by the Food and Beverages and Nutraceuticals industries as Egg Yolk Powder holds more nutritional contents as compared to natural egg yolk.
A report by WHO published in 2016 states that nearly a billion people suffer from deficiency of protein due to inadequate consumption of nutrient-rich food products. This has resulted in a 4.8% increase in the number of people suffering from diseases like Kwashiorkor. This issue is severe in the regions of Africa and eastern and southern regions of the Asia-Pacific. Egg Yolk Powder provides a low-cost and easy to carry protein source with a long shelf life that can be consumed as per need by people in this region.
An increased preference for a healthy lifestyle has resulted in increased use of supplementary and dietary food products having rich protein contents. This has resulted in increased use of Egg Yolk Powder by the Nutraceutical Industry which is growing at 12%. The emulsifying and fixative properties of Egg Yolk Powder are used in manufacturing cosmetics. Apart from industrial, household demand for egg-based food products has increased by 6.2% around the world.
In August 2018, Kewpie Corporation launched a range of Egg Yolk Powder products under Egg Yolk Lecithin PL series to be used by the Cosmetics and Personal Care Products industries.
In July 2017, Belgium-based Cosmos-Standard launched a range of skincare cosmetics products made by using Egg Yolk Powder.
Increased demand for nutrient-rich products around the world is the major driving factor for the growth of the Global Egg Yolk Powder Market.
Restraints:
A rise in preference for low-cost synthetic alternatives is the major restraining factor here.
Lack of awareness regarding nutrient-rich food products in low and middle-income countries is limiting the growth of the Global Egg Yolk Powder Market.
Global Egg Yolk Powder Market Segment Analysis:
The Global Egg Yolk Powder Market is segmented on the basis of
By Nature, It is observed that more than 60% of the Egg Yolk Powder consumed by the Food and Beverages Industry in Pasteurized form. An increase in demand for organic food products has resulted in a 3.3% increase in demand for Organic Egg Yolk Powder.
By End User, It is observed that more than 45% of the Egg Yolk Powder manufactured is consumed by the Food & Beverages Industry. The rising preference for a healthy lifestyle and protein-rich food products has resulted in a 2.7% increase in demand for Egg Yolk Powder by the Nutraceutical Industry. An increase in the number of people suffering from deadly diseases has resulted in a 2.9% increase in demand for drugs and medicines made by using Egg Yolk.
A rise in demand for organic food products has resulted in a 3.5% increase in demand for Egg Yolk Powder by the commercial sector. Increased preference for home-cooked food has resulted in a 3.8% increase in the consumption of Egg Yolk Powder by the Domestic sector. Different industries and sectors use Egg Yolk Powder as per need.
By Distribution Channel, It is observed that more than 45% of the Egg Yolk Powder consumed by the industrial sector was purchased through the medium of Direct Sales. More than 60% of the Egg Yolk Powder purchased by the commercial sector in the organized market was through Specialty Stores. Supermarkets and Convenience Stores in the US and Europe that are part of the organized sector have observed a growth of 3.4% in demand for Egg Yolk Powder. An increase in the use of the internet for purchasing household things has resulted in a 7% increase in the number of people using different online shopping portals for purchasing Egg Yolk Powder.
Global Egg Yolk Powder Market
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It is observed that the medium of Direct Sales has observed a 3.8% increase in the sales of Egg Yolk Powder in the unorganized sector. The medium of Specialty Stores that come under the organized sector has observed a growth of 3.2% in demand for Egg Yolk Powder. Increased consumption by the commercial sector has resulted in a 3% increase in demand for Egg Yolk Powder registered by the medium of Specialty Stores that come under the unorganized sector.
The Supermarkets in the US and Europe have observed a growth of 2.6% in the sales of Egg Yolk Powder. Increased preference for cooking desserts and bakery products in home has resulted in a 2.7% increase in the consumption of Egg Yolk Powder through the Convenience Stores that come under the organized sector.
The presence of a large number of products by different brands and features like doorstep delivery has resulted in a 5.8% increase in the sales of Egg Yolk Powder through different E-Commerce platforms. Different mediums dealing in food additive products are visited by people for purchasing Egg Yolk Powder.
Global Egg Yolk Powder Market Regional Insights
Global Egg Yolk Powder Market 1
An increase in the number of people following a healthy lifestyle has resulted in a 3.7% increase in the consumption of Egg Yolk Powder in North America. The preference for protein-rich supplementary food products has resulted in a 4.8% increase in the consumption of Egg Yolk Powder by the Nutraceutical Industry present in this region. An increase in the use of Egg Yolk Powder in food products has resulted in a 3.2% increase in for it by the Domestic Sector.
Increased preference for protein-rich supplementary food products in the regular diet has resulted in a 3.8% increase in the consumption of Egg Yolk Powder in Europe. The preference for organic personal care products has resulted in a 2.8% increase in the consumption of Egg Yolk Powder by the Cosmetics Industry present in this region.
The rising preference for supplementary food products has resulted in a 2.6% increase in the consumption of Egg Yolk Powder in the Asia-Pacific. A growth of 1.8% has been observed in demand for energy booster medicines made by using Egg Yolk in this region. Increasing preference for nutrient-rich bakery and dairy products has resulted in a 2.8% increase in the consumption of Egg Yolk Powder in South America. The Middle East and Africa’s Market is showing a growth rate of 2.4%, the reason for which is increased consumption of food products made by using eggs.
The objective of the report is to present a comprehensive analysis of the global Egg Yolk Powder market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Egg Yolk Powder market dynamics, structure by analyzing the market segments and Project the global Egg Yolk Powder market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Egg Yolk Powder market make the report investor’s guide.
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Global Egg Yolk Powder Market Scope: Inquire before buying
Global Egg Yolk Powder Market 2
Global Egg Yolk Powder Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Egg Yolk Powder Market Key Players
• Rose Acre Farms
• Rembrandt Enterprises, Inc.
• Ovostar Union N.V.
• Pulviver
• Bouwhuis BV
• Adriaan Goede BV
• Wulro BV
• Ded-El Food
• Ovobel Food Ltd.
• Igreca
• Derovo
• Ballas Egg
• Farm Pride Foods Ltd.
• Sanovo Egg Group
• Venky’s (India) Ltd.
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