by Egg Processing Market is Estimated to Witness High Growth Owing to Automation
The egg processing market involves breaking, filtering, grading, mixing and packing of eggs for preservation and distribution. Processing helps eliminate infectious pathogens and bacteria from egg surfaces, extends shelf life and ensures a safe and quality product reaches consumers. The global market is driven by rising disposable incomes, changing dietary habits and growing demand for processed and convenience foods with longer shelf lives. Processed eggs are increasingly finding applications in bakery, confectionary and ready-to-eat food products owing to their functional properties. The growing popularity of value-added processed products such as dried egg, liquid egg and frozen egg products is also fueling market growth. 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.
Key Takeaways
Key players operating in the egg processing are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. The key players are focusing on capacity expansion, product launches and mergers & acquisitions to gain a competitive edge in the market.
The key opportunities in the egg processing market include rising demand from food processing industry, technological advancements for production automation, development of aseptic and extended shelf life products.
Technological advancements such as automation of grading, sorting, filling and packing processes; development of antimicrobial packaging solutions; and innovations in drying, freezing and pasteurization techniques are helping improve efficiency, enhance food safety and enable production of novel formats.
Market Drivers
One of the key drivers for theegg processing market is growing demand for convenience and packaged foods. Rapid urbanization, changing lifestyles and increasing number of dual-income households have boosted the demand for easy-to-cook and ready-to-eat foods. Processed eggs with longer shelf lives cater well to this rising demand. The egg processing industry is anticipated to gain further traction over the forecast period, driven by introduction of innovative products, automation and development of aseptic processing technologies.
Current Challenges in Egg Processing Market
Egg processing companies are facing multiple challenges currently. High cost of raw materials in the form of corn and soybean used for feed is significantly impacting their margins. Labor costs are also on the rise across major markets putting pressure on profits. Stringent food safety regulations in different countries have increased operational complexity and compliance burden for egg processors. Environmental consciousness is pushing producers towards sustainable sourcing and processing practices which require additional capital investments. Lack of proper cold chain and storage infrastructure in developing markets hampers the ability to ensure optimal quality and hygiene during distribution.
SWOT Analysis
Strength: Well established production and distribution network of major players across key markets. Abundant availability of eggs as raw material.
Weakness: Seasonal fluctuation in egg production can impact supply. High working capital needs for inventory management.
Opportunity: Growing demand for processed and packaged convenience food products worldwide. Potential for export growth into new developing markets in Asia Pacific and Middle East regions.
Threats: Threat of substitutions from plant-based protein alternatives. Risk of price wars among competitors impacting profitability.
Geographical Regions
North America currently accounts for the largest share of global egg processing market in terms of value. Abundant egg production and growing demand for processed egg products is driving the region. Europe is another major consumer market supported by food culture and packaging innovation. China’s market is expanding rapidly due to rising affluence, changing dietary patterns and government support for the poultry sector.
Asia Pacific excluding China represents the fastest growing regional market for egg processing globally over the forecast period. Countries like India, Indonesia, Vietnam and others are witnessing double digit growth driven by urbanization, westernization of diets and rapidly growing food processing industry.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
