The Global Dried Eggs Market is expected to be worth more than US$ 2 billion in 2021, according to Future Market Insights (FMI). According to the study, the dried egg market will grow at an annual rate of 8.2 percent, reaching a value of US$ 4.56 billion by 2031.
Longer shelf life for eggs is likely to enhance the industry, according to Future Market Insights, because it allows for more time to transport and sell the product while reducing waste.
The market is expected to grow in demand as dried egg products have lower pricing and are more readily available. As a result, egg producers must manage food spoilage risks throughout the manufacturing and distribution processes, resulting in a demand for raw eggs with a longer shelf life.
Longer shelf life enables product movement at the retail level, resulting in fewer markdowns. Over the projected period of 2022 to 2032, this is expected to raise demand for dried eggs.
Sales are being driven by better merchandising due to reduced product perishability, which is leading to an increase in demand for dried eggs goods with a shelf life of 5 to 10 years.
Important Points to Remember:
On the strength of rising demand for protein-based compounds in personal care and cosmetics, the dried egg market is predicted to rise at a significant CAGR of 8.2 percent.
The global dried egg market is expected to be dominated by North America, with more than 25% of the market share, followed by Europe.
By 2032, the United States, the United Kingdom, and China are expected to dominate the global market for dried eggs, with a combined market share of more than 30%.
India is expected to lead the growth of the South Asian dried egg industry, accounting for 59.1% of total sales.
Interovo Egg Group BV, Sanovo Technology A/S, Agroholding Avangard, Venky’s (India) Limited, Kewpie Corporation, Rose Acre Farms, Rembrandt Enterprises, Michael Foods, Inc., Ballas Egg Products Corp., Henningsen Foods, Wulro BV, and Others are some of the main companies that sell dried eggs.
Get Insights on the Dried Eggs Market
In its latest release, Future Market Insights presents an independent analysis of the Dried eggs market, including historical demand data (2017-2021) and projected figures for the years 2022-2032. The research provides valuable information on the Dried Eggs market by product type (whole eggs, egg whites, and egg yolk), end-use application (food processing industry, food service providers, and retails/household), and seven major regions.