Market Outlook
Egg solids are dried and dehydrated eggs that are sometimes also referred to as dried eggs. The manufacturers of egg solids have commercialized every part of the egg and sell them as egg white, egg yolk, whole egg and even specialty blends of egg with other ingredients such as salt or sugar as dried powders in solid form. Consequently, they benefit more when compared to conventional shell egg market players as they can deliver specifically the demands of consumers who need only egg white or egg yolk or whole.
Therefore consumers, which are mostly end user industries, prefer egg solids more for waste reduction and revenue generating production with economical ingredients such as egg solids. Besides being economical, egg solids outcompete shell eggs by providing a longer shelf life of more than one year and much-reduced perishability. The above-mentioned factors have certainly enhanced consumer preference towards egg solids and have resulted in the increased consumption of egg solids. As a result, the market for egg solids is growing and is expected to experience a continued growth owing to its increased demand.
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Rising Demand For Egg Solids In Food and Beverage End-Use Industry
The dynamics of egg solids market are dominated by positive drivers that are leading to an unprecedented growth of egg solids market. Egg solids are very high in protein content. Recent shifts observed in consumption patterns of protein rich diet has resulted in a continuously growing demand for protein-rich products such as egg solids. Consequently, it is driving the demand for such protein rich foods and egg solids. Further, this demand is aided by the direct B2B consumption of egg solids in bakery and confectionery segments of the food and beverage industry. Higher consumption is observed in ready to eat and processed but healthy food.
This is majorly driving the demand for healthy and nutritious egg solids ingredients. Besides these driving factors, past outbreaks of epidemic diseases such as bird flu has drastically influenced the raw material availability for egg solids market. In addition, fluctuation in the prices of eggs hamper the stability of egg solids value chain. But, the market is still poised to grow because of the increased efforts made by manufacturers to overcome such restraints.
Egg Solids Market: Segmentation:
On the basis of nature-
- Organic
- Conventional
On the basis of end-use industries –
- Food and Beverage
- Bakery
- Confectionery
- Others (sauces, noodles, etc.)
- Animal feed
On the basis of formulation-
- Whole egg
- Egg yolk
- Egg white
On the basis of type-
- Standard
- Blends (with additives such as salt, sugar and anti-cake agents)
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Egg Solids Market: Key Participants
The egg solids market is flourished with many global market players. Some of the key market participants identified are:
- Pearl Valley Specialty Egg Products
- Rembrandt Enterprises, Inc.
- Rose Acre Farms
- Nutriom OvaEasy
- Bouwhuis-Enthoven
- Michael Foods
- Inc., Deps
- IsoNova
- UK Egg Centre Ltd
- Sparbo
- Omega Food BV
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Egg Solids Market: Key Developments
The market for egg solids is succeeding with developing steps of acquisitions taken by key participants of the egg solids market. For instance, Rambrandt Foods announced the acquisition of Golden Oval Eggs, LLC business assets in the year 2008. Both the companies are involved in egg production and egg solids processing. This acquisition has helped them expand in the egg solids market in terms of business and increased production capacity.
Also, the market of egg solids is widening with the entry of new market players. For example, in the month of July, 2018, Caneggs Canada, a new company in egg solids operation announced the launch of its egg white powder that would be available in convenient and consumer-friendly packages for small manufacturers and other egg solids consumers of Canada. This launch has helped the Canadian egg solids consumers with cost savings and economical production compared to the earlier scene when they had to depend on heavily tariffed egg products imported from America.
Opportunities For Market Participants
Better hygienic conditions and nutritious feeding in poultry farms can help the egg solids market overcome the widespread restraints faced in production because of poultry diseases. Variation in the moisture content of egg solids can expand its utility to various other applications in the food and beverage industry. The egg solids market has greater opportunities for growth and expansion as energy supplements owing to the increased number of athletes and gym going population. Commercialization of egg solids as healthy, nutritious and economic ingredient can help boost the market greatly, especially in countries with a population suffering from malnutrition.