India Egg Powder Market Scope, Size, Share, Growth, Trend and Forecast by 2024

MARKET INTELLIGENCE . CONSULTING

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INDIA EGG POWDER MARKET

FORECAST & OPPORTUNITIES

2014 – 2024

PUBLISHED: MAY, 2019

2© TechSci Research

Scope of ReportProduct of Interest (POI): Egg Powder

Review Period

2014 – 2017

Base Year

2018

Estimated Year

2019

Forecast Period

2020 – 2024

Year Range

India egg powder market is expected to grow at a formidable rate during the forecast period. Thegrowth of the market is led by longer shelf-life of egg powder and huge demand from food &beverages industry. The innate nature of egg powder makes it a highly marketable product. Fresh eggshave limited shelf-life and are only available in raw form, which is not the case with egg powder. In fact,egg powder is all the goodness of a fresh egg without the extra weight per volume of whole eggequivalent.

EGG POWDER MARKET

Market Segmentation

TYPE

• Whole Egg Powder

• Egg Albumen Powder

• Egg Yolk Powder

END USE

• Food & Beverages

• Personal Care &Cosmetics

• Nutraceuticals & Pharma

• Animal Feed & Pet Food

• North

• West

• South

• East

REGION


S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Egg Powder Market Overview

5. India Egg Powder Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (Whole Egg Powder, Egg Albumen Powder, Egg Yolk Powder)

5.2.2.By End Use (Food & Beverages, Personal Care &Cosmetics, Nutraceuticals & Pharma, Animal Feed & Pet Food)

5.2.3. By Region

5.2.4. By Company

5.3. Market Attractiveness Index ( By Type, By Region)

6. India Whole Egg Powder Market Outlook




6.2.1. By End Use

7. India Egg Yolk Powder Market Outlook




Table of Contents


S. No. Contents Page No.

7.2.1. By End Use

8. India Egg Albumen Powder Market Outlook




8.2.1. By End Use

9. Supply Chain Analysis

10. Import and Export Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles

15.1.1. SKM EGG Products Exports (India) Limited

15.2.2. Venkys Group

15.2.3. Ovobel Foods Limited

15.2.4. EGGWAY International Asia Private Limited

15.2.5. GoodWin Conveyor Tex

Table of Contents


15.2.6. Sachit Industries

15.2.7. SAFA AGRO Pvt. Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Table of Contents

RESEARCH METHODOLOGY

7

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in India egg powder market,

overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about India egg powder market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

8


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of India egg powder market. The team has analyzed the outlook

of various segments of this market, while considering the major influencing factors such as growth of the market is led by longer shelf-life of egg

powder and huge demand from food & beverages industry. The innate nature of egg powder makes it a highly marketable product. The study includes

market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India egg powder

market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive

secondary research and primary surveys with various key opinion leaders/stakeholders, such as egg powder companies, channel partners, major end

users, industry experts, and other industry participants.

• The team interviewed 40–50 egg powder companies, 180–200 major end users, and 15–20 Industry experts and other value chain stakeholders in

India egg powder market to obtain the overall market size for 2014-2018, which was validated by using Delphi technique. Taking standard deviation

into consideration, the market size was averaged out, to arrive at the market size data during 2014-2018.

9


• Respondents were asked about the current and future market growth rates, market shares by type, by end use, by region and by company.

Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments

were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other

stakeholders depending upon the types of egg powder.

Methodology Followed for Calculation of Market Shares:

Market shares by type, by end use, by region and by company were calculated based on the responses received through primary surveys with industry

experts, in which the respondents were asked about the market shares or revenue generated from various types of egg powder. The final shares were

calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India egg powder

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

10


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long-term period to estimate and analyze market demand scenario. It should be noted that the figures

compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ SKM EGG Products Exports (India) Limited

▪ Venkys Group

▪ Ovobel Foods Limited

▪ EGGWAY International Asia Private Limited

▪ GoodWin Conveyor Tex

▪ Sachit Industries

▪ SAFA AGRO Pvt. Ltd.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

© TechSci Research


INDUSTRY BRIEF

According to TechSci Research report, “India Egg Powder Market By Type, By End Use, Competition, Forecast & Opportunities, 2024”, India egg powder

market is projected to register a CAGR of over 6.5%, during 2019-2024. Changing food habits are increasing the consumption of egg and egg products in

India, leading to huge demand for both egg and egg powder. This demand is expected to increase further in the coming years, as egg is the cheapest source

of protein for the masses and its consumption has become common in the country. Moreover, growing demand for bakery and confectionary products is

further boosting the sales of egg powder. Egg powder is widely used in making products like mayonnaise, cakes, pastries, pies, cookies, etc. Surging

consumption of poultry products has resulted in increased number of players operating in the market. This is anticipated to boost overall poultry market in

India, which would further steer growth in India egg powder market.

In terms of end use, India egg powder market can be categorized into food & beverages, personal care & cosmetics, nutraceuticals & pharma, and animal

feed & pet food. In 2018, food & beverages segment dominated the country’s egg powder market and is expected to remain as the largest category during

forecast period as well, owing to the fact that most bakery items rely on eggs for stability and structure of the finished baked good. On the basis of region.

India egg powder market has been segmented into north, east, south and west. North India accounted for majority share in India egg powder market in 2018

and is anticipated to maintain its dominance in the coming years as well, due to huge demand for egg powder from major food & beverage companies, such

as Dr. Oetker, Veeba Foods and Britannia Industries Limited in the region.

“India egg powder market is anticipated to register steady growth over the course of next five years. Change in lifestyle and increasing health conscious

population in the country is driving the market growth for egg powder. Moreover, the exceptional binding and emulsion capabilities of egg powder are making

it a crucial element in countless applications of the food industry, thereby further fueling growth in India egg powder market.” said Mr. Karan Chechi, Research

Director with TechSci Research, a research based global management consulting firm.


SAMPLE DATA - SNAPSHOT

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

2014 2018 2019E 2024F

By Value (USD Million)

By Volume (Million Fiber Km)

India Egg Powder Market Size, By Value (USD Million) & By Volume (Million Units), 2014–2024F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

India Egg Powder Market Share, By Company, By Value, 2018

100%15%

10%8%

5% 4% 3% 3%

52%

Total Company 1 Company 2 Company 3 Company 4 Company 5 Company 6 Company 7 Others

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

34%

34%

34%

34%

34%

34%

34%

34%

34%

34%

34%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

2024F

Whole Egg Powder Egg Albumen Powder Egg Yolk Powder

India Egg Powder Market Share, By Type, By Value, 2014–2024F


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FORECAST & OPPORTUNITIES

2014 – 2024

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unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of

company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation

is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been

obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the

accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from

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