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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.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/egg-processing-market-3981

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

Key Trends and Analysis of the Egg processing Market:

  • North America is expected to constitute a significant market share in 2019 owing to the increasing demand for eggs from this. For instance, as per the United Nations Food and Agricultural Organization (FAO), in 2013, Canada witnessed the per capita consumption of eggs to be 12.95 kg which increased and reached 14.17 kg by 2017.
  • However, Asia Pacific is another region which is expected to constitute for a significant growth rate during the forecast period (2020-2027) owing to the increasing consumption of eggs in this region. For instance, as per the United Nations Food and Agricultural Organization (FAO), in 2014, Japan and Malaysia recorded an egg consumption of 18.84 kg per capita and 15.67 kg per capita respectively which increased and reached 19.64 kg per capita and 17.88 kg per capita by 2017. This significant shift in the consumption pattern of eggs is projected to be a driving factor to boost the demand for egg processing from this region.

Key Takeaways of the Market:

  • Among applications, dairy products constituted for a significant market share in 2019 owing to the presence of various nutrients in dairy products such as calcium, vitamin D and proteins among other essential nutrients. Apart from this, dairy products also provide phosphorus, vitamin A, B12, and magnesium.
  • Furthermore, as per the United States Department of Agriculture, in 2015, the per capita consumption of dairy products was around 630 pounds per person which increased and reached 646 pounds per person by 2018. Thus, the increasing consumption of dairy products is expected to boost the growth of the global 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.

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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