June 24, 2024

Egg Processing Market Propelled by growth in Food Processing Sector

The egg processing market involves breaking eggs, cleaning, inspecting, mixing, blending, stabilizing, drying and packaging into consumer-ready dried, frozen, canned or liquid forms. Eggs are a rich source of protein, vitamins and minerals and are widely used in bakery, savory and other food items. The rapidly growing processed food industry is driving demand for ingredient eggs. The global Egg Processing Market is estimated to be valued at US$ 51.9 Bn in 2024 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:
The adoption of liquid egg products is growing at a significant rate in the food processing sector. Liquid egg products such as egg yolk, egg white and whole egg in liquid form offers advantages like longer shelf life, ease of use and consistency in quality and performance over conventional shell eggs. They are widely used in mayonnaise, salad dressings, baked goods, pancakes, waffles and other processed food items. The liquid egg products market is expected to witness substantial growth going forward due to continued expansion of the global processed food industry.

SWOT Analysis
Strength: Egg Processing provides safety, consistency and convenience to consumers. The processed products have longer shelf life than raw eggs.
Weakness: Perception of highly processed foods being less nutritious than natural foods. Strict food safety regulations increase production costs.
Opportunity: Growing demand for protein rich and healthy foods drives the market. Innovation in vegetarian and vegan egg alternatives present new opportunities.
Threats: Volatility in egg prices and outbreaks of diseases can impact supply and prices. Shift to plant-based diets is a threat to some egg products.

Key Takeaways
The global egg processing market is expected to witness high growth. Advances in processing technologies help minimize food wastage and maximize utilization of eggs. Changes in dietary habits and rising disposable incomes supplement market growth.

Regional analysis comprises Asia Pacific dominates the market currently due to large consumer base and rising demand for processed foods. Countries like China, India and Japan are major contributors to the regional market. Europe is another substantial regional market boosted by demand for specialty and organic egg products.

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.. These companies focus on developing innovative products, expanding production capacities and strengthening distribution channels globally. Strategic acquisitions help key players to enhance product portfolios and geographical presence.

*Note:

1.Source: Coherent Market Insights, Public sources, Desk research

2.We have leveraged AI tools to mine information and compile it