Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The increasing awareness regarding health benefits of eggs such as presence of protein and vitamins among others is expected to drive growth of the egg processing market across the globe. The increasing demand for eggs from the food industry is another factor contributing to the market growth. According to the U.S. Department of Agriculture, in 2012, the per capita consumption of egg was 254 per person per year which increased and reached 279 eggs per person per year in 2017.

The global egg processing market is projected to surpass US$ 40.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.3% during the forecast period (2020 to 2027).

Drivers

The increasing demand for eggs is expected to boost the growth of the global egg processing market. As per the UN Food and Agriculture Organization, in 2014, the egg consumption in the U.K was 10.66 kg per capita which increased and reached 11.23 kg per capita in 2017. Moreover, as per the same source, China recorded egg consumption of 18.63 kg per capita in 2014 which increased and reached 22.72 kg per capita by 2017.

Regionally, Asia Pacific dominated the global egg processing market in 2019, reporting 56% market share in terms of revenue.

Figure 1. Global Egg Processing Market, Revenue Share (%), By Region, 2019

Egg Processing  | Coherent Market Insights

Market Restraints

The increasing health awareness and adherence to vegan diet is expected to hamper the growth of the global egg processing market during the forecast period.

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Egg Processing Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 28.6 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.3% 2027 Value Projection: US$ 40.2 Bn
Geographies covered:
  • North America, Latin America, Europe, Asia Pacific, Middle East and Africa
Segments covered:
  • By Product Type: Dried Egg Products, Liquid Egg Products and Frozen Egg Products
  • By Application: Bakery & Confectionery, Dairy Products, Ready-to-Eat, Soups & Sauces and Others
Companies covered:

Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP

Growth Drivers:
  • Increasing demand for consumption of eggs
  • Increasing awareness regarding the various health benefits of processed eggs
Restraints & Challenges:
  • Increasing awareness regarding healthy living and higher intake of vegan food products

Market Opportunities

Key players are focusing on launching new products to create growth opportunities at a global level. For instance, in September 2018, SKM Egg Products introduced egg white cubes in India. These cubes are made from egg white cube which can be used in various food items or as a ready-to-eat meal. Moreover, these egg white cubes are zero-fat and zero-cholesterol products which is expected to attract a larger consumer base during the forecast period and help the company in increasing its market position.

Figure 2. Global Egg Processing Market – Opportunity Analysis

Egg Processing  | Coherent Market Insights

Market Trends

The increasing demand for processed food across the globe is another trend which can favor the growth of the egg processing market. Demand for processed food is growing in urban areas owing to the rising disposable income and working middle class population. As per the Organization for Economic Cooperation and Development, disposable income in China increased to US$ 5,278.3 in 2017 from US$ 3562.2 in 2012. Moreover, consumer spending in India increased to US$ 270.48 billion in 2018 from US$ 63.67 billion in 2004. Similarly, consumer spending in the U.S. increased from US$ 11,971.9 billion in 2015 to US$ 12,847.82 billion in 2018.

Figure 3. Global Egg Processing Market, Revenue Share (%), By Application, 2019

Egg Processing  | Coherent Market Insights

Based on application, the egg processing market is segmented into bakery & confectionery, dairy products, ready-to-eat, soups & sauces, and others. In 2019, bakery and confectionery segment accounted for 29% of the revenue share.

Global Egg Processing Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers, supplying food ingredients. Lockdown in various nations such as India, China and Spain, among others and cease in the subsequent trade activities has paralyzed the supply chain. Increasing spread of Covid-19 has mandated the manufacturers to deploy precautionary measures in their facilities including labors and plant controllers screening and monitoring, and sanitizing the facilities.

Competitive Section

Key players are operating in the global Egg Processing  market are  Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP

Global egg processing market is expected to exhibit a CAGR of 4.3% over the forecast period, owing to its various applications in global food industry such as bakery & confectionery, dairy products, ready-to-eat and soups & sauces, among others.

Among applications, the bakery & confectionery segment is expected to account for a significant share in case of the global egg processing market in 2019. Bakery and confectionery items such as bread, biscuits, cakes, cookies, sugar confectionery, candies, nougat and pastries, among others are added with egg products such as dried, liquid or frozen. The demand for egg production and processing is expected to increase during the forecast period, owing to the growing confectionery industry. For instance, according to Coherent Market Insights’ analysis, the confectionery market is expected to witness CAGR of 3.8% during the forecast period (2017– 2025).

Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2020-2027) owing to increasing government initiatives regarding the food processing industry and increasing consumption for eggs. For instance, according to the India Brand Equity Foundation IBEF), in 2019, the Indian food processing industry accounted for 32% of the country’s total food market. Moreover, as per the same source, major initiatives taken by The Government of India aim towards boosting growth in the food processing industry by leveraging reforms such as 100% Foreign direct investment (FDI) in marketing of food products and various incentives at central and state government level along with a strong focus on supply chain infrastructure.

Key features of the study:

  • This report provides in-depth analysis of egg processing market and provides market size (US$ Billion) and cumulative annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global egg processing market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology upgradation, market expansion, and marketing tactics
  • The global egg processing market report caters to various stakeholders in this industry including investors, suppliers, egg processing manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the egg processing market

Detailed Segmentation:

  • Global Egg Processing Market, By Product Type:
    • Dried Egg Products
    • Liquid Egg Products
    • Frozen Egg Products
  • Global Egg Processing Market, By Application:
    • Bakery & Confectionery
    • Dairy Products
    • Ready-to-Eat
    • Soups & Sauces
    • Others
  • Global Egg Processing Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Canada
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Italy
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • France
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Germany
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Spain
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Russia
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Rest of Europe
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • India
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Japan
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • ASEAN
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Australia
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • South Korea
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Argentina
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Mexico
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Rest of Latin America
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Israel
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others  
      • Rest of Middle East
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
    • Africa
      • Northern Africa
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
      • Central Africa
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others  
      • South Africa
        • By Product Type:
          • Dried Egg Products
          • Liquid Egg Products
          • Frozen Egg Products
        • By Product Type:
          • Bakery & Confectionery
          • Dairy Products
          • Ready-to-Eat
          • Soups & Sauces
          • Others
  • Company Profiles
    • Avril*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Cal-Maine Foods, Inc.
    • Eurovo S.R.L.
    • Lactosan-Sanovo Holding A/S
    • Moba B.V.
    • ACTINI GROUP

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Egg Processing Market, By Product Type, 2017- 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Dried Egg Products   
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
    • Liquid Egg Products  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
    • Frozen Egg Products  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
  5. Global Egg Processing Market, By Application, 2017- 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Bakery & Confectionery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
    • Dairy Products 
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
    • Ready-to-Eat
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
    • Soups & Sauces
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Bn)
  6. Global Egg Processing Market, By Region, 2017- 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
    • Latin America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
    • Europe
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
    • Middle East
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
    • Africa
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Bn)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Avril
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Cal-Maine Foods, Inc.   
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Eurovo S.R.L.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Lactosan-Sanovo Holding A/S    
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Moba B.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • ACTINI GROUP
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 40 market data tables* and 20 figures* on "Egg Processing Market” - Global forecast to 2027.

Frequently Asked Questions

The market for global egg processing is forecast to surpass US$ 40.2 Billion by 2027 witnessing a CAGR of 4.3% between 2020 and 2027.
Rapid demand for egg processing owing to its benefits such as presence of proteins, vitamins and minerals, among others is expected to drive the market growth during the forecast period.
The growing demand for convenience food is a major trend that is expected to positively impact the growth of the global egg processing market during the forecast period. Convenience food products are majorly ready-to-eat and have a long shelf life such as pudding mixes, ice-cream and mayonnaise, among others.
The increasing awareness regarding healthy living and higher intake of vegan food products can hamper the growth of the egg processing market during the forecast period.
Major players operating in the global egg processing market include Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP.
The global egg processing market was estimated to be valued around US$ 28.6 billion in terms of revenue in 2019.
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