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Countries Cull Chicken to Contain Bird Flu Directly Impact Supply of Egg Powder
Regular outbreaks of avian diseases such as bird flu have resulted in a shortage of egg powder as culling is the solution deployed to contain epidemics. In 2020, the demand for chicken plummeted by 70% globally and the price of eggs dropped by 15% in India which had a cascading effect as the subcontinent is one of the largest producers of eggs. Bird flu had a massive impact on European countries such as Belgium, the Netherlands, France and Germany. The Netherlands alone culled approx. half a million chicken. In APAC, the UAE imposed a temporary ban on importing domestic birds, chicks, and hatching eggs causing a supply disruption. Egg price fluctuations, the need to maintain year-round availability and consistency coupled with egg vulnerability to disease has compelled food processors shift towards egg powder.
Vegan Trends in Europe Cutting Demand for Egg Powder in Largest Egg Powder Market
Egg powder is manufactured primarily in the UK, US, China, Japan, and India with Europe being the largest consumer. However, the rising prominence of veganism on the continent is making manufacturers invest in plant-derived substitutes such as pea, soy, and potato protein. The APAC region is predicted to demonstrate the highest CAGR over the forecast period. India is already a key player in the global poultry industry and discerning consumers there along with the growing baking industry will only boost the prospects of companies in this populous country.
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Maximum Growth in Animal Feed as Pet Owners Provide Pets With Protein-rich Options
In terms of product type, the egg powder market can be further classified into egg yolk powder, egg albumen powder and whole egg powder with whole egg powder accounting for the maximum share. Bakeries continue to generate the maximum revenue and companies actively involved in the egg powder market must take this into consideration. The animal and food segment is likely to gain share in the near future as pet owners with higher disposable incomes seek to provide their pets with protein-fortified animal feed.
This exhaustive report on the egg powder market has profiled the following companies – SKM egg products, Ovostar Union N.V., Wulro Food Group (Dutch Egg Powder Solution), Pulviver, Igreca, Eggway, The VH group (Venkys), Sanovo Egg Group, Oskaloosa Foods, and Ovobel Foods Limited.
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