PUBLISHER: 360iResearch | PRODUCT CODE: 1466508
PUBLISHER: 360iResearch | PRODUCT CODE: 1466508
[186 Pages Report] The Egg Processing Market size was estimated at USD 30.25 billion in 2023 and expected to reach USD 32.15 billion in 2024, at a CAGR 6.38% to reach USD 46.65 billion by 2030.
Egg processing refers to the series of operations performed on eggs after they are laid to enhance their suitability for use in various food products. The primary objectives of egg processing include extending the shelf life of eggs, ensuring food safety, and improving the convenience and versatility of eggs for industrial, food service, and retail uses. The process can involve various steps such as cleaning, candling, breaking, separating, pasteurizing, cooling, freezing, drying, and packaging. Key factors include the growing demand for processed egg products in food services and bakeries, technological advancements in processing equipment, and increased consumption of high-protein foods. The convenience of use and longer shelf-life of processed egg products, coupled with the rising health consciousness among consumers, contribute significantly to expansion. However, challenges include fluctuating prices of raw materials and the high cost of setting up processing plants. Stringent regulations regarding animal welfare and food safety also pose concerns for producers. Additionally, the risk of contamination and disease outbreaks in poultry can disrupt supply chains, while the rise in veganism and plant-based alternatives may restrict adoption. There are substantial opportunities for market players in expanding product ranges, such as developing organic and free-range egg products. Innovation in packaging, processing technologies, and penetration in emerging markets offer lucrative prospects.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 30.25 billion |
Estimated Year [2024] | USD 32.15 billion |
Forecast Year [2030] | USD 46.65 billion |
CAGR (%) | 6.38% |
Product: Growing demand for dried egg products, offering extended shelf life and ease of storage
Dried egg products encompass a range of egg-based ingredients processed through dehydration methods to remove moisture. This category includes whole eggs, egg whites, and egg yolks in powdered form. Dried egg products offer extended shelf life, ease of storage, and transport benefits. They are extensively used in the food industry for applications requiring stable, consistent egg ingredients, such as baking mixes, confectionery, dietary supplements, and processed foods. Frozen egg products consist of eggs that have been cracked, pasteurized, and then frozen to preserve their quality and extend their shelf life. This category includes whole eggs, egg whites, and egg yolks, available in various pack sizes catering to both retail and industrial markets. Frozen egg products are preferred for their convenience, as they are readily usable without the need for thawing and have a longer shelf life compared to fresh eggs. Liquid egg products are made by breaking and separating eggs, followed by pasteurization, to eliminate the risk of foodborne illnesses such as Salmonella. This category offers a convenient alternative to fresh eggs, eliminating the need for manual breaking and separation, thus saving time and reducing waste. They are commonly used in the food service industry and in food manufacturing, offering versatility for a wide range of applications, from omelets and scrambled eggs in fast-paced restaurant settings to being integral components in bakery and confectionery products.
Application: Significant applications of processed egg products in bakery and confectionery to achieve consistent product quality
In the bakery and confectionery industries, eggs are an indispensable ingredient owing to their unique properties that contribute to structure, leavening, color, and flavor. The use of processed eggs in forms such as powdered, liquid, or frozen allows for more consistent quality and easier handling in large-scale production. They are utilized in a variety of products ranging from breads, pastries, and cakes to custards and other dessert items. Processed eggs ensure product uniformity, enhanced shelf life, and reduced risk of foodborne illnesses, making them a preferred choice for manufacturers in this sector. Although not traditionally classified within the dairy category, certain egg-based products intersect with dairy applications. Examples include egg-enriched ice creams and custards, where eggs act as emulsifying agents, improving texture and creaminess. The convenience and growing demand for ready-to-eat (RTE) meals have led to an increased use of processed eggs in this segment. RTE meal manufacturers incorporate eggs for their nutritional value, flavor, and texture. Processed eggs are used in a variety of RTE products, including breakfast sandwiches, salads, and international dishes where eggs are a key ingredient. In the soups and sauces sector, eggs are preferred for their thickening properties and ability to emulsify ingredients, creating smooth and cohesive products. Processed eggs, available in various forms, including powder or liquid, provide manufacturers with a safe and convenient option to achieve the desired consistency and flavor profile in their products.
Regional Insights
The egg processing market in the Americas has shown robust growth, driven by the food service industry's increasing demand for processed egg products and advancements in processing technologies. Enhanced health consciousness among consumers, coupled with a preference for protein-rich diets, has further fueled market expansion. The egg processing market in the EMEA region demonstrates varied performance across different countries, influenced by regional dietary habits, egg consumption patterns, and evolving food safety regulations. Europe's stringent food safety standards drive the demand for processed eggs, which ensure safety and extended shelf life. Increased processed egg product demand in Middle Eastern countries owing to growing population and urbanization, alongside Africa's gradual market emergence attributed to advancing food processing infrastructure, collectively contribute to the region's market dynamics. The Asia-Pacific region is experiencing the fastest growth in the egg processing market, propelled by rapid urbanization, burgeoning population, and shifting dietary habits towards more protein-centric diets. Countries including China and India are major contributors, owing to their large population base and rising middle-class affluence, leading to increased consumption of processed egg products.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Egg Processing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Egg Processing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Egg Processing Market, highlighting leading vendors and their innovative profiles. These include Actini Group, Avril Group, Bouwhuis Enthoven BV, Cal-Maine Foods, Inc., Daybreak Foods Inc., Gruppo Eurovo, Interovo Egg Group B.V., IsoNova Technologies LLC, Lowrie Foods Ltd, Michael Foods Inc., Moba B.V., Newburg Egg Corp., Paul Mueller Company, Pulviver, Rose Acre Farms, Inc., Sanovo Technology Group, and Trillium Farm Holdings L.L.C..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Egg Processing Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Egg Processing Market?
3. What are the technology trends and regulatory frameworks in the Egg Processing Market?
4. What is the market share of the leading vendors in the Egg Processing Market?
5. Which modes and strategic moves are suitable for entering the Egg Processing Market?