Global Egg Processing Market was valued at US$ 33 Billion in 2022, exhibiting a CAGR of 5.8% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 51.9 Billion by 2030. Egg Processing Market, 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), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) – Size, Share, Outlook and Opportunity Analysis, 2023 – 2030 Published by: Coherent Market Insights.
Market Drivers
Benefits of processing eggs
The market for egg processing is majorly driven by the various benefits involved with the processing of eggs. The method for processing eggs includes breaking 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 the global egg processing market during the forecast period.
Market Opportunities
Increase in urbanization leading to the preference of convenience food
The demand for convenience food is rising as a result of the growing urban population and busy lifestyles. Due to a lack of time or cooking ability, many consumers are willing to spend money on convenience foods. Convenience food retail is now more necessary as a result. The need to manually crack eggshells and separate the various parts of the egg is eliminated by processed eggs. Additionally, the market for processed eggs is expanding due to their use in innovative and new food products, including healthcare items.
Market Restraints
Rules and regulations fo food safety
Stringent regulations and increasing concerns about food safety can pose a restraint for the egg processing market. The industry must comply with rigorous quality standards and maintain strict hygiene practices to ensure the safety of processed egg products. Non-compliance or instances of foodborne illness can have a negative impact on consumers' trust and market growth.
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Key Takeaways:
On the basis of Region, Asia-Pacific is expected to experience the fastest profitable growth due to the region's rapid urbanization, high rate of population growth, and growing awareness of the nutritional benefits of processed egg products.
On the basis of application, the fastest-growing segment is ready-to-eat. Convenience food is more in demand as a result of urban population growth and busy lifestyles.
Market Trends
Longer shelf-life of processed egg
The long shelf-life of processed egg products, technological advancements in egg processing equipment, increased demand for processed eggs as a quality protein in sports and bodybuilding, and increased health awareness among consumers are the main factors driving the market's growth. The convenience, ease of use, and storage of processed eggs is a key factor driving market growth and decreasing risks associated with contamination.
Global Egg Processing Market - Impact of Coronavirus (Covid-19) Pandemic
Particularly during times when the lockdown was implemented in the majority of the world's regions, causing panic buying by consumers, COVID-19 has had a modestly positive effect on retail sales of convenience foods, particularly processed eggs. As a result of the outbreak, sales of processed egg products on e-commerce and online grocery platforms increased. This suggests that while online retail platforms are predicted to grow at the fastest rate during the projection period, the market may be impacted by the supply chain disruption.
