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  • Published On : Oct 2022
  • Code : CMI3981
  • Industry : Food and Beverages
  • Pages : 120
  • Formats :

The processing of egg products includes breaking, filtering, mixing, stabilizing, blending, pasteurizing, cooling, freezing or drying, and packaging. Liquid, frozen, and dried egg products are the major types that are available as whole eggs, whites, yolks, and various blends. These egg products are widely used in the food & beverage industry as ingredients in products such as pasta, noodles, salad dressings, and dairy products.

Global egg processing market was valued at US$ 31.4 Billion in 2021 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2022 to 2030).

Drivers

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.

The egg processing market is driven by the increasing demand for egg products. The reason for the growth is that processed egg products have assurance of safety, reduced risk of contamination, and extended shelf-life. The increase in the use of processed egg products in the food & beverage industry is also driving the market.

The spread of Covid-19 pandemic is affecting the consumer spending pattern globally. Despite strong demand for basic food products such as dairy products, supply chain disruptions has affected the egg processing industry. The poultry business is expected to decline due to the COVID-19 pandemic. This is expected to hinder growth of the egg processing market.

Figure 1. Global Egg Processing Market Value Share (%), By Region, 2021

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: 2021 Market Size in 2021: US$ 31.4 Bn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 5.5% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Product Type: Dried Egg Products, Liquid Egg Products, Frozen Egg Products
  • By Application: Bakery & Confectionery, Dairy Products, Ready-to-Eat, Soups & Sauces, 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:
  • The increasing health awareness and adherence to vegan diet is expected to hamper the growth 

Market Trends

The increasing demand for processed food across the globe is another trend which can favor the growth of the global egg processing market. Demand for processed food is growing in urban areas owing to the rising disposable income and working middle class population.

Figure 2. Global Egg Processing Market Value Share (%), By Application, 2021

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 2021, bakery and confectionery segment accounted for 29% of the revenue share.

Recent Developments

  • In October 2021, Cal-Maine Foods, Inc., a fresh egg producer, announced that its Board of Directors has approved a US$ 23 million capital project to expand the Company’s cage-free egg production at its Okeechobee, Florida, production facility.
  • In March 2022, Cal-Maine Foods, Inc., a fresh egg producer, announced that its Board of Directors has approved new capital projects to further expand the company’s cage-free egg production (factory farming environments where chickens used in egg production are held in open indoor spaces, instead of within small cages) capabilities. The company plans to fund the proposed projects for an estimated total of US$ 82 million through a combination of available cash on hand, investments and operating cash flow.
  • In October 2021, Cal-Maine Foods, Inc., a fresh egg producer, announced the Company’s Board of Directors had approved a strategic investment that will specialize in high value commercial product solutions targeting specific needs in the food industry. The initial focus will include hard-cooked and extended shelf-life egg product lines.

Competitive Section

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

Egg processing is a huge segment of food processing industry where eggs are processed into various convenient form, for consumption. Eggs are most common reproductive form of different species but their high nutritive value in terms of protein, carbohydrate, lipids, and other minerals has always made it suitable for human consumption.

Market Dynamics

Among applications, the bakery & confectionery segment is expected to account for a significant share in case of the global egg processing market in 2021 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.

Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2022-2030) 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.

Rise in the convenience, ease of use, and storage of processed eggs is a vital factor escalating the market growth, also diminishing risks associated with contamination, and the long shelf-life of processed egg products, rise in the technological developments and advancements in egg processing machinery, demand of processed eggs as a quality protein in sports and bodybuilding, and health awareness and consciousness among consumers are the major factors driving the processed eggs market growth.

Key features of the study:

  • This report provides an in-depth analysis of the global egg processing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 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 approvals, regional outlook, and competitive strategies 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 management authorities of companies to make informed decision regarding future product launches, technology up gradation, 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 various strategy matrices used in analyzing the global 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
      • By Country:
        • U.S
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • By Country:
        • France
        • Germany
        • Italy
        • Spain
        • U.K.
        • Nordic
        • Benelux
        • Russia
        • Poland
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Oceania
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country:
        • GCC
        • South Africa
        • Rest of Middle East & Africa
  • Company Profiles
    • Avril*
      • Company Overview
      • Product Portfolio
      • 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

Frequently Asked Questions

Global egg processing market was valued at around US$ 31.4 Billion in 2021.
The increasing demand for eggs is expected to boost the growth of the market.
The increasing demand for processed food across the globe is another trend which can favor the growth of the market.
The increasing health awareness and adherence to vegan diet is expected to hamper the growth of the market during the forecast period.
Major players operating in the market include Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP 
The market is estimated to grow at around 5.5% CAGR in the forecast period (2022-2030).

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