Egg Processing Market By Product Type (Liquid Egg Products, Dried Egg Products, Frozen Egg Products, Specialty Egg Products), Application (Food Industry, Foodservice, Retail, Pharmaceuticals, Cosmetics, Pet Food), End-Users (Bakery, Confectionery, Sauces & Dressings, Ready-To-Eat Meals, Pasta & Nood
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Egg Processing Market By Product Type (Liquid Egg Products, Dried Egg Products, Frozen Egg Products, Specialty Egg Products), Application (Food Industry, Foodservice, Retail, Pharmaceuticals, Cosmetics, Pet Food), End-Users (Bakery, Confectionery, Sauces & Dressings, Ready-To-Eat Meals, Pasta & Nood
Egg Processing Market Valuation – 2024-2031
The egg processing market, valued at USD 27.87 Billion in 2024, is anticipated to be propelled to USD 34.76 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 2.80% during the forecast period from 2024 to 2031. Opportunities for market expansion are expected to arise from advancements in egg processing technologies and growing consumer preference for convenience foods. The market is poised to witness steady growth as companies focus on innovation and product diversification to meet evolving consumer needs.
Egg Processing MarketDefinition/Overview
Egg processing is a series of techniques to transform whole eggs into various convenient and functional ingredients. This process typically involves cleaning, separating the whites from the yolks, pasteurization for safety, and further treatments depending on the desired outcome. These are then incorporated into a multitude of food applications. Baked goods, for instance, benefit from eggs’ leavening and binding properties, while mayonnaise production relies on emulsifying capabilities. They offer extended shelf life compared to fresh eggs, minimizing waste. Consistent quality and functionality are ensured, leading to more predictable culinary results. Processed egg products eliminate the need for cracking and separating eggs, saving time and labor in both commercial kitchens and home cooking.
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What Factors are Driving the Growth of the Egg Processing Market?
There is a notable surge in consumer demand for convenient food products, which has led to an increased adoption of processed egg derivatives. Consumers are seeking ready-to-use egg products that offer convenience in cooking and baking, thereby fueling the demand for processed egg products across various food applications. Additionally, the expanding applications of egg derivatives across diverse industries contribute significantly to market growth. Beyond the food sector, eggs and egg products are finding increased utilization in pharmaceuticals, cosmetics, and pet food industries. This broadening of applications opens up new avenues for market expansion and drives the overall growth trajectory of the egg processing industry.
Continuous innovations in egg processing technologies enhance efficiency, improve product quality, and extend the shelf life of egg products. These advancements enable manufacturers to meet evolving consumer preferences and regulatory requirements, thereby strengthening their market position and driving further growth. Moreover, the increasing awareness among consumers regarding the nutritional benefits of eggs and egg products also contributes to market expansion. Eggs are recognized as a rich source of protein, vitamins, and minerals, making them a popular choice among health-conscious consumers. As a result, there is a growing demand for value-added egg products, such as pasteurized egg whites and specialty egg blends, which cater to specific dietary preferences and nutritional requirements. In conclusion, the growth of the egg processing market is propelled by increasing consumer demand for convenient food products, expanding applications across industries, technological advancements, growing awareness of nutritional benefits, and strategic investments within the industry. These factors collectively contribute to a positive growth outlook for the egg processing market in the foreseeable future.
What Factors are Plummeting Sales of the Egg Processing Market?
Several factors are plummeting the sales of the egg processing market. A decline in consumer confidence due to health concerns and safety issues surrounding egg products has led to decreased demand. Instances of foodborne illnesses linked to eggs or egg products have eroded trust among consumers, resulting in reduced consumption and a negative impact on sales. Shifts towards plant-based diets and alternative protein sources have led some consumers to reduce their consumption of animal-derived products, including eggs. This changing landscape in dietary habits has resulted in a shrinking market share for egg processing companies, further exacerbating the decline in sales.
Regulatory challenges and compliance issues have emerged as significant factors affecting sales in the egg processing market. Stringent regulations regarding food safety standards and hygiene practices impose compliance burdens on manufacturers. Non-compliance or instances of product recalls due to regulatory violations can tarnish a company’s reputation and erode consumer trust, leading to decreased sales and market share.
Furthermore, economic factors such as fluctuations in raw material prices and production costs are impacting the profitability of egg processing companies. Volatility in feed prices, labor costs, and energy expenses can squeeze profit margins, making it challenging for companies to maintain competitive pricing and sustain sales levels. Economic uncertainties and market disruptions, such as those caused by the pandemic, exacerbate these challenges and contribute to the downward trend in sales. The proliferation of alternative protein sources and substitute products intensifies competition for market share and consumer attention. Companies must innovate and differentiate their products to stay competitive in a crowded marketplace, but failure to do so can result in diminished sales and revenue growth.
Category-Wise Acumens
Which Product Type Category Holds the Dominant Market Share in the Egg Processing Market?
In the egg processing market, the dominant market share is held by liquid egg products. This category encompasses a range of products including liquid whole eggs, egg yolks, and egg whites, which are processed and packaged for commercial and industrial use. The preference for liquid egg products stems from their versatility and convenience in various food applications, particularly in the bakery and food processing industries. Liquid egg products offer convenience and ease of handling compared to whole eggs or dried egg products. They eliminate the need for cracking and separating eggs, saving time and labor in food preparation processes.
Additionally, liquid egg products provide consistent quality and portion control, making them ideal for large-scale food manufacturing operations. They are valued for their extended shelf life and reduced risk of contamination compared to shell eggs. Pasteurization processes ensure the safety and integrity of liquid egg products, making them suitable for use in food service establishments and retail settings where food safety is paramount. This assurance of quality and safety enhances consumer confidence and drives the demand for liquid egg products in the market.
The versatility of liquid egg products makes them a preferred choice for a wide range of food applications. From baked goods and pastries to sauces, dressings, and ready-to-eat meals, liquid egg products serve as essential ingredients in diverse culinary creations. Their ability to enhance texture, moisture, and binding properties in food formulations contributes to their widespread use and market dominance. Technological advancements in egg processing equipment and packaging solutions have further propelled the growth of liquid egg products in the market. Continuous innovation and optimization of processing methods ensure efficiency, consistency, and cost-effectiveness in liquid egg production, enabling manufacturers to meet the growing demand and maintain their competitive edge. Overall, the dominance of liquid egg products in the egg processing market is driven by their versatility, convenience, safety, and technological advancements.
Will the Emergence of Ready-To-Eat Meals Drive Growth in the Egg Processing Market?
Ready-to-eat meals, characterized by their convenience and quick preparation, are gaining popularity among consumers seeking convenient food options to fit their busy lifestyles. As a result, there is an increasing demand for processed egg products as key ingredients in ready-to-eat meal formulations. Changing consumer preferences towards convenient food solutions drives the demand for products that require minimal preparation time. Ready-to-eat meals offer a convenient solution for consumers looking for quick and hassle-free meal options, particularly in urban areas with busy lifestyles and limited time for cooking. Additionally, the versatility of eggs as a nutritious and versatile ingredient makes them an ideal choice for inclusion in ready-to-eat meal offerings. Eggs are a rich source of high-quality protein, vitamins, and minerals, making them a valuable component in balanced and nutritious meal formulations.
Furthermore, eggs provide essential culinary properties such as texture, flavor, and binding capabilities, enhancing the sensory appeal of ready-to-eat meals. Technological advancements in egg processing techniques and packaging solutions enable manufacturers to produce a wide range of processed egg products suitable for ready-to-eat meal applications. These advancements ensure product safety, quality, and shelf stability, meeting the stringent requirements of the ready-to-eat meal market.
The increasing demand for ethnic and international cuisines contributes to the expansion of the ready-to-eat meal market, creating opportunities for innovative egg-based meal options. Eggs are a versatile ingredient in various cuisines worldwide, ranging from breakfast dishes to savory entrees and desserts. This diversity in culinary applications allows for the development of a diverse range of ready-to-eat meal offerings to cater to diverse consumer preferences and tastes. In summary, the emergence of ready-to-eat meals is anticipated to drive growth in the egg processing market. The convenience, nutritional benefits, and culinary versatility of eggs make them a valuable ingredient in ready-to-eat meal formulations.
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Country/Region Wise Acumens
Could North America Drive an Increase in Sales within the Egg Processing Market?
With its significant consumer base and established food processing industry, North America possesses the potential to stimulate demand for processed egg products. The region’s growing population, coupled with changing dietary preferences and increasing demand for convenience foods, creates opportunities for growth in the egg processing market. North America’s robust food service sector, including restaurants, cafes, and catering services, presents a lucrative market for processed egg products. As consumers seek convenient and ready-to-use ingredients, there is a growing demand for liquid egg products and other processed egg derivatives in food service establishments. This trend is particularly pronounced in urban centers with busy lifestyles, where consumers prioritize convenience and time-saving solutions in meal preparation.
Technological advancements and innovation in egg processing methods enable manufacturers in North America to produce a diverse range of high-quality egg products tailored to meet consumer demands. From liquid egg products for industrial applications to specialty egg blends for niche markets, North American producers are well-positioned to capitalize on the evolving preferences of consumers and food service providers. North America’s stringent food safety regulations and quality standards ensure the production of safe and hygienic processed egg products, enhancing consumer confidence and driving sales. Compliance with regulatory requirements also enables North American manufacturers to access international markets and expand their global footprint, further contributing to sales growth in the egg processing market. Therefore, North America has the potential to drive an increase in sales within the egg processing market. The region’s large consumer base, robust food service sector, technological capabilities, and commitment to food safety create a conducive environment for growth and innovation in the egg processing industry.
Will the Sales of the Egg Processing Market Fare well in the Asia Pacific?
A positive outlook for the sales of the egg processing market in the Asia Pacific region is anticipated. With its rapidly growing population, evolving dietary preferences, and increasing urbanization, the Asia Pacific presents promising opportunities for growth in the egg processing industry. As consumers in the region seek convenient and nutritious food options, there is a growing demand for processed egg products across various food applications. Moreover, the Asia Pacific region is experiencing a shift towards Westernized diets and lifestyles, driving the consumption of convenience foods and processed food products. This trend is particularly pronounced in urban areas, where busy lifestyles and changing work patterns contribute to the demand for ready-to-eat and ready-to-cook meal solutions. Processed egg products, such as liquid egg products and dried egg powders, are well-positioned to meet this demand and cater to the diverse culinary preferences of consumers in the region.
Technological advancements in egg processing methods and equipment enable manufacturers in the Asia Pacific to produce high-quality and innovative egg products tailored to local tastes and preferences. These advancements enhance production efficiency, product safety, and shelf stability, meeting the stringent requirements of the Asia Pacific market. The Asia Pacific region is witnessing rapid growth in the food service industry, including restaurants, fast-food chains, and institutional catering services. Processed egg products find extensive use in these establishments, where they serve as key ingredients in a wide range of dishes, from baked goods to savory entrees. The growing popularity of Western-style cuisines and bakery products further drives the demand for processed egg products in the food service sector. The region’s demographic trends, changing dietary habits, technological advancements, and growing food service industry create a conducive environment for growth and innovation in the egg processing sector.
Competitive Landscape
Examining the competitive landscape of the egg processing market is essential for understanding the industry’s dynamics. This research analyses the competitive landscape, highlighting key players, market trends, innovations, and strategies. This analysis will provide valuable insights to industry stakeholders, enabling them to navigate the competitive landscape and capitalize on emerging opportunities effectively. Understanding the competitive landscape will empower stakeholders to make informed decisions, adapt to market trends, and develop strategies to enhance their market position and competitiveness in the egg processing market.
Some of the prominent players operating in the egg processing market include
- Cal-Maine Foods, Inc.
- Moba B.V.
- Sanovo Technology Group
- Avril Group
- Eurovo S.R.L.
- Actini Group
- Bouwhuis Enthoven B.V.
- Waldbaum Company
- Pelbo S.P.A.
- Igreca S.A.
Latest Developments
- In October 2021, a strategic investment was made by Cal-Maine Foods Inc. in a new egg products manufacturer, with a focus on hard-cooked and extended-shelf-life egg product lines. The location chosen for the new entity is Neosho, Missouri.
- In July 2021, a range of bottled egg whites was launched by Cornish egg company St Ewe’s in Morrisons stores nationwide. According to the company, the Super Egg Whites are 100% pasteurized free-range egg whites containing 11g protein per 100 ml, 0% fat, and no cholesterol or gluten.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
Growth Rate | CAGR of ~2.80% from 2024 to 2031 |
Base Year for Valuation | 2024 |
HISTORICAL PERIOD | 2021-2023 |
FORECAST PERIOD | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Cal-Maine Foods, Inc., Moba B.V., Sanovo Technology Group, Avril Group, Eurovo S.R.L., Actini Group, Bouwhuis Enthoven B.V., Waldbaum Company, Pelbo S.P.A., Igreca S.A. |
Customization | Report customization along with purchase available upon request |
Egg Processing Market, By Category
Product Type
- Liquid Egg Products
- Dried Egg Products
- Frozen Egg Products
- Specialty Egg Products
Application
- Food Industry
- Foodservice
- Retail
- Pharmaceuticals
- Cosmetics
- Pet Food
End-Users
- Bakery
- Confectionery
- Sauces & Dressings
- Ready-To-Eat Meals
- Pasta & Noodles
- Nutritional Supplements
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as t