The global egg processing market was valued at US$ 28.6 billion in 2019, according to Egg processing Market Report, by Product Type (Dried Egg Products, Liquid Egg Products and Frozen Egg Products), Application (Bakery & Confectionery, Dairy Products, Ready-to-Eat, Soups & Sauces and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa), published by Coherent Market Insights.
The global egg processing market is expected to reach US$ 40.2 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period (2020-2027). The market for egg processing is majorly driven due to the various benefits involved with the processing of eggs. For instance, the method for processing of eggs includes breaking of eggs, filtration, mixing, stabilization, blending, pasteurization, cooling drying and packaging of eggs. This processing of eggs further improves the quality and shelf-life of eggs and is therefore expected to boost the demand for global egg processing market during the forecast period.
However, the consumption of eggs involve have a few side effects such as nausea, high cholesterol levels and constipation, among others. These factors are expected to hamper growth of the global egg processing market during the forecast period.
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Browse 40 market data tables* and 20 figures* on "Egg processing Market” - Global forecast to 2027.
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Egg Processing Market - Impact of Coronavirus (Covid-19) Pandemic
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.
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