The global Egg Processing Market comprises of products such as dried egg products, liquid egg products, and frozen egg products that find applications in various industries including food processing, bakery, ready-to-eat meals, foodservice, dietary supplements, sports nutrition, and others. These processed egg products provide convenience and ease of use to consumers and industries along with increased shelf life as compared to fresh eggs. The global Egg Processing Market is estimated to be valued at US$ 51.9 Bn 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:
The increasing demand for processed egg products is one of the major trends boosting the growth of the global egg processing market. Processed egg products have higher nutritional value, longer shelf life, and provide convenience to consumers. With changing lifestyle and busy schedules, demand for ready-to-eat and ready-to-cook food products is growing. This has increased the demand for processed egg products from food processing and foodservice industries. Furthermore, increasing awareness about benefits of consumption of high-protein diet is also driving the sales of processed egg products. Egg processed products are rich in high-quality proteins, vitamins, and minerals. Hence, they are considered as dietary supplements and find wide applications in sports nutrition and weight management products.
Strength: Egg Processing involves mechanized processes for washing, drying, grading, packing etc which improves quality, consistency and shelf life. It also allows for large scale production meeting demand.
Weakness: Overproduction leads to unstable prices and low margins for producers. Highly perishable nature requires stringent quality checks and fast processing cycles.
Opportunity: Growing demand for processed and packaged food items globally. Development of novel products like liquid eggs, specialty eggs etc expanding applications.
Threats: Threat from substitute proteins and vegan lifestyle. Disease outbreaks in poultry farms negatively impact supply. Stringent food safety regulations increase compliance costs.
The global Egg Processing market is expected to witness high growth.
Regional analysis: The Asia Pacific region currently dominates the global egg processing market owing to large egg production in China. The Europe market is growing at a steady pace driven by demand in countries like Germany and France. North America is another major regional market for egg processing.
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 the rising demand for processed and packaged eggs. Strategic mergers and acquisitions are also common in this competitive landscape.