The North America Egg Powder Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,235.97 tonnes, showcasing a growth of 4.0% (2019-2022).
One of the primary drivers of the adoption of egg powder is its convenience. Egg powder eliminates the need for cracking and separating eggs, making it a hassle-free solution for domestic and industrial users. The dehydrated nature of egg powder also imparts it with an extended shelf life, reducing the risk of spoilage and enabling storage for more extended periods. This characteristic makes it an attractive option for food manufacturers, especially in regions where the availability of fresh eggs may be inconsistent.
The versatility of egg powder in various applications further fuels its adoption. Due to its wide range of applications, egg powder is a valuable product for various sectors, including bakery and confectionery, savory dishes like pasta, and even pharmaceuticals and cosmetics. This versatility enhances its attractiveness to manufacturers looking for a single ingredient that can serve multiple purposes. Shifts in consumer lifestyles, characterized by busier schedules and a preference for convenient and ready-to-use ingredients, have influenced the adoption of egg powder. The ease of incorporating egg powder into recipes without the need for time-consuming preparation aligns with the demands of modern consumers, driving its inclusion in both household kitchens and commercial food production.
As per the International Trade Administration (ITA), in the first half of 2022, the Canadian cosmetics industry was the fastest-growing industry in the country. In 2022, Canada’s personal care and beauty sector earned around $11 billion in revenue. The cosmetics industry in Canada may incorporate egg powder into skin care products such as cleansers, masks, and moisturizers to provide nourishment and promote skin health. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Egg Powder Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $246.3 Million by 2030. The Canada market is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2023 - 2030).
Free Valuable Insights: The Egg Powder Market is Predict to reach $1.2 Billion by 2030, at a CAGR of 5.0%
Based on End User, the market is segmented into Food & Beverage, Nutraceutical, Animal Feed, Pharmaceutical and Personal Care & Cosmetics. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Business to Business, Specialty Stores, and Online Sales Channel. Based on Type, the market is segmented into Whole Egg Powder, Egg Albumen Powder and Egg Yolk Powder. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By End User (Volume, Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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