The hen’s egg processing includes operations such as breaking, filtering, mixing, stabilizing, blending, pasteurizing, cooling, freezing or drying, and packing. Liquid, frozen, and dry egg products, which come in whole eggs, whites, yolks, and other mixes, are the most common types of egg products. In the food and beverage industry, these egg products are often used as ingredients in products such as spaghetti, pasta, salad dressings, and dairy products. Consumers’ desire for higher-quality and healthy products are driving growth of the egg processing industry. Edible product are constantly being developed in response to market demand, with a strong focus on offering healthy and better products.
The global hen’s egg processing market is estimated to surpass US$ 36.99 Billion by the end of 2027, in terms of revenue, exhibiting at a CAGR of 5.6% during the forecast period (2021 to 2027).
Drivers
The rising awareness of the health benefits of eggs, such as the availability of protein and vitamins, is likely to drive the growth of the global egg processing market. The increased demand for eggs from the food industry is another factor driving global hen’s egg processing market expansion. According to the United States Department of Agriculture, in 2012, per capita egg consumption was 254 eggs per person per year, and in 2017, it was 279 eggs per person per year.
Moreover, processed eggs like dried eggs have similar nutritional values as fresh eggs. Protein, immune-boosting properties, antimicrobial capabilities, can all be found in them. Pet food producers most commonly use dried eggs as it contains high-quality proteins. Processed dried eggs are easily digestible and they are high in antioxidants and minerals. When compared to fresh eggs, dried eggs have a lesser volume, allowing them to fit into smaller packages. There are variety of dried egg products, which can be classified into four categories including dried egg white, dried plain whole egg and yolk, dried whole egg and yolk blends with carbohydrates, and specialized varieties of dried egg products.
The Asia Pacific dominated the global hen’s egg processing market in 2020, accounting for 37.2% share, in terms of revenue, followed by Latin America and North America respectively. As a result of increased awareness of the health benefits of eggs in the region.
Figure 1. Global Hen’s Egg Processing Market, Revenue Share (%), By Region, 2020
Market Restraints
Rising health consciousness and determination to a vegan diet are expected to restrict the global hen's egg processing market's growth over the forecast period. According to UN estimations for 2020, which show that around 78 million people out of the world's 7.8 billion are vegan. In the forecast period, this would restrict the global hen's egg processing market.
Market Opportunities
The global hen's egg processing market is driving due to the growing global demand for processed meals. In urban areas, demand for processed foods is rising due to rising disposable income. According to the Organization for Economic Cooperation and Development, in 2017, China's disposable income increased to US$ 5,278.3 from US$ 3562.2 in 2012. Furthermore, consumer spending on processed food in India increased to US$ 270.48 billion in 2018 from US$ 63.67 billion in 2004. Consumer spending on processed food in the U.S. increased from US$ 11,971.9 billion in 2015 to US$ 12,847.82 billion in 2018. In the forecast period, this factor is expected to drive growth of the global hen's egg processing market.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2020 | Market Size in 2020: | US$ 20.54 Bn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 5.6% | 2027 Value Projection: | US$ 36.99 Bn |
| Geographies covered: |
|
||
| Segments covered: |
|
||
| Companies covered: |
SKMEgg.com, Oaklands Farm Eggs Limited, Ovostar, Parmovo S.r.l. Società a Socio Unico, Rose Acre Farms, Ballas Egg Products Corporation, Igreca, Rembrandt Enterprises, Inc., Michael Foods, Inc. and Sovimo Hellas S.A |
||
| Growth Drivers: |
|
||
| Restraints & Challenges: |
|
||
Figure 2. Global Hen’s Egg Processing Market – Opportunity Analysis
Market Trends
The increased production of poultry egg in order to fulfill increasing egg demand worldwide is a significant trend in the global hen’s egg processing market. According to Food and Agriculture Organization, poultry is currently one of the fastest expanding parts of India's agricultural industry. Egg and broiler production has been increasing at a rate of 8 to 10% per year.
Figure 3. Global Hen’s Egg Processing Market, Revenue Share (%), By Product, in 2020
Among Product Type, liquid egg products dominated the global hen’s egg processing market in 2020, accounting for around 37.2% of market share, in terms of revenue, followed by dried egg products and frozen egg products, owing to increasing demand form food service industry.
Global Hen’s Egg Processing Market - Impact of Coronavirus (Covid-19) Pandemic
The global COVID-19 pandemic has had a minimal negative impact on the hen's egg processing market, especially in terms of poultry production costs. While grocery store eggs are in high demand, demand for eggs in restaurants and other hospitality businesses like hotels has nearly halted during the lockdown. The hen’s egg processing market is mostly impacted due to decreasing prices caused by Covid 19 pandemic.
According to research published by Iowa State University's Egg Industry Center, liquid egg can cost as little as 8 cents per pound, which is less than a gallon jug of retail filtered water (which costs 9.6 cents per pound). These prices imply that egg farmers can't afford to feed their hens and can't find a buyer for their product. According to same research published by Iowa State University's Egg Industry Center, The liquid egg industry in the U.S is dropped more than US $110 million from its 10-year average in April, while shell egg market, on the other hand, have seen a rise in demand, resulting in a significant price increase during the pandemic. However, due to nutritional value, egg has great demand during post pandemic period.
Competitive Section
Key players operating in the global hen’s egg processing market include SKMEgg.com, Oaklands Farm Eggs Limited, Ovostar, Parmovo S.r.l. Società a Socio Unico, Rose Acre Farms, Ballas Egg Products Corporation, Igreca, Rembrandt Enterprises, Inc., Michael Foods, Inc. and Sovimo Hellas S.A.
Few Recent Developments
In October 2020, Ovostar Union, a major Ukrainian manufacturer of chicken eggs and egg products, launched eggs product on the Ukrainian market: liquid egg products packaged in Pure-Pak gable-top cartons. In addition to the small package, the user will benefits from time savings, convenience, and a clean kitchen.
The egg product industry is growing with the food industry to offer safe and ready-to-use eggs to food manufacturers. Pasteurized whole eggs, egg yolks, and egg whites are available in liquid, frozen, or powder form. The processes used in the hen’s egg processing market are aimed at enhancing the sanitary and functional quality of eggs. The high heat sensitivity of egg products is one of the key challenges, limiting the options for bacterial decontamination. Processed egg products include pre-peeled eggs, pre-peeled hard-boiled eggs, and freeze-dried scrambled eggs. Processed egg products that are available in frozen form include pre-cooked fried eggs, pre-cooked scrambled eggs, omelets, french toast, and quiche. Egg products have potential as a practical type of ingredient in the food and beverage industry for the fast production of foodstuffs that require egg and egg components, as it substantially reduces manual work.
Market Dynamics
The convenience, ease of use, and storage of processed eggs drive the global hen's egg processing market growth. As the urban population rises and people's lifestyles become busier, the need for convenience food increases. Processed eggs reduce the need to physically break shells and separate different components of the egg. Furthermore, as a result of technology improvements, processed eggs are more effectively treated and pasteurized, ensuring safety, reduced danger of contamination, and longer shelf life.
Processed eggs are also often used as a source of high-quality protein in sports and bodybuilding. Moreover, processed eggs have the potential to be utilized in new culinary food stuffs.
However, rising food safety requirements, prolonged regulatory procedures, and strict animal welfare legal regulations are among the key factors acting as restraints on the hen’s egg processing market. In the U.S., for example, both the United States Food and Drug Administrationand the USDA's Food Safety Inspection Service (FSIS) have jurisdiction over eggs and egg products. Plants that process egg products are regulated by the Food and Drug Administration (FDA).
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients