by Egg processing involves grading, shelling, cracking, mixing, stabilizing, drying and refrigerating of eggs. It is done to extend shelf life of eggs and to prepare value added products. Egg processing helps in delivering convenience packed, long shelf life egg products to customers.
The global Egg Processing Market is estimated to be valued at US$ 51.9 Bn or USD billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trend in the egg processing market is growth in demand for egg products with longer shelf life. With changing lifestyle and busier schedule, consumers prefer easy to use long shelf life egg products over normal eggs. Technologies like aseptic packaging and spray drying are helping egg producers offer products like egg powder and liquid eggs with 9-12 months of shelf life without refrigeration. This is driving significant growth in demand for processed and packaged egg products globally.
SWOT Analysis
Strength: Egg processing offers long shelf life and convenience to consumers. It also helps reduce food wastage.
Weakness: Raw material price volatility can impact profit margins of egg processors. Strict food safety regulations increase compliance costs.
Opportunity: Growing health awareness is fueling demand for processed and packaged eggs. Developing countries present new market opportunities.
Threats: Outbreak of disease can negatively impact egg production. Stringent environmental norms regarding poultry farming pose challenges.
Key Takeaways
The global Egg Processing Market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing health consciousness.
Market size: The global Egg Processing Market size for 2023 is US$ 51.9 Bn. Egg processing helps in easy handling, transportation and extends shelf life of eggs. This is driving investments in automated equipment and cold storage facilities.
Regional analysis: North America dominates the market owing to large egg production and processing industry in the US. Asia Pacific is the fastest growing region on account of rising disposable incomes, changing lifestyles and burgeoning population. Countries like China, India and Japan are likely to boost regional market growth.
Key players: Key players operating in the Egg Processing Market are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. These players are focusing on capacity expansions and new product launches catering to varied consumer demands.
