Page 14 - National Poultry Newspaper

The egg, your protein ‘powder’ house
THE global egg pow- der market reached a volume of about 179,216 tonnes in 2018, growing at a compound annual growth rate of around 4.5 percent between 2011 and 2018.
One of the major fac- tors driving the global demand of egg powder is its long shelf life and portability.
Egg powder has a shelf-life of five to 10 years and is non-per- ishable when stored in an airtight container.
It can easily be trans- ported and does not require refrigeration, unlike real eggs which have high chances of cracking.
Apart from provid- ing the same amount of protein as regular eggs, it is also lactose free, low in carbohy- drate, cholesterol and fat, and also offers reduced weight per volume compared to whole egg.
Egg powder is high- ly convenient to use because of its physi- cal form, which leads to low to no product wastage and generates no residue after usage.
Egg powders are also available in a versatile product range such as egg white powder, egg yolk powder, whole egg powder and egg shell powder.
These varied product ranges cater to differ- ent needs.
Egg white powder is rich in protein content, whereas egg yolk pow- der contains the bulk of the egg’s fat.
Someone opting for a low-calorie, high-pro-
tein diet can consume egg white powder without separating egg yolks from egg whites.
Catalysed by its nu- merous benefits, egg powder has become a crucial element in countless applications in the food industry due to its exceptional binding and emulsion capabilities.
Looking forward, the global egg pow- der market is expected to reach a volume of about 227,772 tonnes by 2024, exhibiting a CAGR of 4 percent during the period from 2019-2024.
Market summary
• Based on the type, the global egg pow- der market has been segmented into whole egg powder, yolk egg powder and white egg powder. Whole egg powder currently rep- resents the largest seg- ment.
• Region-wise, the global egg powder market has been seg- mented into Europe, Asia-Pacific, North America, Middle East and Africa, and Lat- in America. Among these, Europe rep- resented the biggest market.
• On the basis of end- use, bakeries repre- sented the largest ap- plication segment for egg powder, followed by sauces, dressings and mixes.
• Some of the key players in the industry include Sanovo Group, Weko Group, Eurovo S.R.L., Rembrandt En- terprises, Rose Acre Farms and Kewpie Egg Corporation.
Entrepreneur pockets $20K at evokeAG Pitch Tent
CLOSE to 1200 in- ternational delegates packed Melbourne’s iconic Royal Exhibition Building on Wednesday, February 20 to cheer on the four Pitch Tent winners announced at the inaugural, sold-out evokeAG event.
Thirteen finalists from around the world threw their hats into the ring for the competition, vying for a total cash pool of $35,000 and in-kind prizes across three different streams.
The participants pitched their agricultural chal- lenges, solutions and business ideas over the two-day event to a panel of expert judges and an international audience.
Dr Mathew Jones from CertusBio is a step closer to realising his dream of saving billions of kilo- grams of dairy waste after taking home the top cash prize of $20,000 in the Investment Ready stream.
The Christchurch-based innovator was one of five finalists from Israel, New Zealand and Australia in the agtech sector.
It was tough competi- tion, with a range of cutting-edge concepts pitched, including grass- hopper farming, wine micro-oxygenation and autonomous crop sensing, however, Dr Jones said the calibre of entrants made the experience all the more worthwhile.
“I especially want to thank AgriFutures Aus- tralia for an amazing two days,” Dr Jones said.
“It has been non-stop since we got off the plane. “There has been a con- stant flow of interested people through Startup
A l l e y.
“The other finalists have been such a great bunch – so supportive and en- couraging.
“The exposure we got is exactly what we came for and has given us the op- portunity to raise invest- ment, scale and acquire new customers.”
Meanwhile, Armidale entrepreneur Sam Dun- can was ecstatic to win the prestigious Austrade Bridge Hub Special Prize, valued at $10,000.
The award, the first of its kind in Australia, was open to a finalist from ei- ther the Investment Ready or Seed Funding stream, and the winner received a much-coveted spot on the Austrade/Bridge Hub Agrifood Tech boot camp to Israel in May 2019, including return flights, accommodation and a fa- cilitated program.
“FarmLab has been go- ing for two years now and we have gained a little bit of traction,” Mr Duncan said.
“We had been planning to look at expanding over- seas next year, but the op- portunity to go to Israel and showcase FarmLab in May 2019 will bring those opportunities forward by 12 months.”
The Seed Funding stream recipient Scott Glover from AgriAce took home a $10,000 cheque to kick-start his startup, alongside a two- day internship at Agri- Webb Sydney HQ valued at $4000.
“It has been a great opportunity to pitch at evokeAG,” Mr Glover said.
“The diversity of attend- ees across the ag industry was impressive.
“I am so pleased to ac- cept this prize.
“It will make a big dif- ference to our business at this stage and a great help for our first manufactur- ing run, which is due to start imminently.”
Danny Le Feuvre from Australian Bee Services took home the prize for the KPMG Producer Problem stream after tak- ing to the stage to ex- pound on pinch points in the honey sector.
He said the networking opportunities at evokeAG have been invaluable.
“It has been such an interesting journey, I have learnt a lot,” Mr
Le Feuvre said.
“The opportunity to
focus on industry issues and connect with indus- try people has been really exciting.
“I have also been really excited by the amount of interest in finding a solu- tion to the American Foul Brood problem from the delegates at evokeAG.”
AgriFutures Australia managing director Mr John Harvey said Pitch Tent was tailor-made for the agrifood innovation industry and a prime op- portunity for innovators from across the startup scale to present on stage in front of industry ex- perts – with some fabu- lous prizes on offer.
For the first time, Aus- tralian producers were offered a place at the Pitch Tent table, present- ing their problems to an audience of startups and world-class businesses who were able to provide intelligent, succinct solu- tions.
“We have had some
incredibly dynamic en- trants, from those looking to get their startups off the line to those looking to scale their vision glob- ally,” Mr Harvey said.
“It was tough to differ- entiate as all were stand- out finalists showcasing brilliant and innovative agtech solutions, each looking at ways to think outside the box when it comes to food and how we grow, package and dis- tribute it.”
In front of the packed audience, John Harvey wrapped up the final session of the program thanking delegates and partners for their support.
He confirmed AgriFu- tures Australia will bring back evokeAG in 2020.
For full details of the evokeAG 2019 program including key national and international speakers, please head to evokeag. com
For more information about the Pitch Tent com- petition, visit evokeag. com/pitchtent
Farm production expected to fall due to drought
IN 2018-19 the value of farm production is ex- pected to decline by 4 percent to $58 billion, according to the latest Agricultural Commod- ities report launched recently at the Outlook 2019 conference in Canberra.
ABARES’ chief com- modity analyst Peter Gooday said the main driver of the drop was poor eastern winter crops, but high prices and the near-record crops in Western Aus- tralia provided a signifi- cant buffer.
“Many would have predicted a greater fall in agricultural produc- tion given the signifi- cance of the drought along the east coast,” Mr Gooday said.
“Western Australia is forecast to have pro- duced its second-largest grain crop – nearly 60 percent of the Austral- ian winter crop this year – which has helped make this the sixth- straight year of above- average performance.
“It is clear the ongoing
drought in the eastern states and Queensland floods have devastated those affected.
“Improved commodity prices have helped, with grain prices expected to increase 11 percent in 2018-19 and contribute to a 3 percent rise in farmgate prices.
“Wheat prices rose by 5 percent and barley prices by 16 percent.
“Agricultural produc- tion is forecast to recov- er in 2019-20 and then grow slowly over the medium term, assuming a return to average sea- sonal conditions.”
In 2019-20 the value of farm production is forecast to increase by 2 percent to $59 billion and grow to $61 billion by 2023-24.
“Farm profitability is expected to be lower in 2018-19 compared with the previous two years, but remain compara- tively high,” Mr Gooday said.
“The average farm cash income for all broadacre farms is projected to fall by 18
percent to $173,000 per farm in 2018-19 – still well above the 10-year average of $140,000.
“There is substan- tial regional variation though, with average incomes down by an average of 51 percent on NSW broadacre farms and 21 percent on Queenslandfarms.
“In Western Australia, farm incomes are pro- jected to increase by 33 percent to $490,000 per farm in 2018-19.
“Production falls are expected to impact ex- port earnings, which are forecast to decline to $45 billion in 2019-20 due to falling livestock exports, after an expect- ed 6 percent decline in 2018-19 due to falling crop exports.
“This will be partially offset by an expected 4 percent increase to ex- port prices.
“Export earnings are then projected to in- crease to $47 billion by 2023-24.”
The report is available at agriculture.gov.au/ag- commodities-report
Page 14 – National Poultry Newspaper, March 2019
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